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ASL Marine Holdings Ltd. ( (SG:A04) ) just unveiled an announcement.
ASL Marine Holdings Ltd. reported a 12.1% increase in revenue for the first quarter of FY2026, driven by growth in shipbuilding and repair services. The company also achieved a significant rise in net profit and reduced finance costs due to deleveraging efforts. Recent ship chartering contracts worth S$82 million are expected to bolster revenue over the next two to three years, supporting marine infrastructure projects in Singapore.
The most recent analyst rating on (SG:A04) stock is a Hold with a S$0.50 price target. To see the full list of analyst forecasts on ASL Marine Holdings Ltd. stock, see the SG:A04 Stock Forecast page.
More about ASL Marine Holdings Ltd.
ASL Marine Holdings Ltd. is a vertically-integrated marine services group listed on the SGX Mainboard with a 50-year track record. The company focuses on shipbuilding, ship repair, conversion, engineering services, and ship chartering, serving the marine infrastructure sector in the region.
Average Trading Volume: 6,304,859
Technical Sentiment Signal: Buy
Current Market Cap: S$252.1M
For an in-depth examination of A04 stock, go to TipRanks’ Overview page.