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Strong FY2021 earnings gets Marco Polo Marine a 'buy' call

Amala Balakrishner
Amala Balakrishner11/29/2021 10:41 AM GMT+08  • 3 min read
Strong FY2021 earnings gets Marco Polo Marine a 'buy' call
RHB’s small cap Asean research team is maintaining its ‘buy’ call and target price of 4 cents on Marco Polo Marine
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RHB’s small cap Asean research team is maintaining its ‘buy’ call and target price of 4 cents on integrated marine logistics company Marco Polo Marine.

This is expected to give the counter a 33% upside from its current 3 cent price, analyst Jarick Seet writes in a Nov 29 note.

His move follows the close to 49% y-o-y jump in the group’s revenue to $46.1 million for its FY2021 ended September. This came on the back of strong growth from its ship chartering (+48% y-o-y) and shipbuilding and repair segments (+51% y-o-y).

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