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Marco Polo Marine Ltd. ( (SG:5LY) ) has provided an update.
Marco Polo Marine Ltd. has achieved a significant milestone by securing its first ship repair contract for its newly launched fourth dry dock, valued at approximately S$5 million. Additionally, the company has entered into a three-year master service agreement with Cyan Renewables for ship repairs and maintenance. These developments underscore the strong demand for Marco Polo Marine’s services and are expected to positively impact the company’s revenue and growth for the remainder of FY2025 and into FY2026.
The most recent analyst rating on (SG:5LY) stock is a Buy with a S$0.06 price target. To see the full list of analyst forecasts on Marco Polo Marine Ltd. stock, see the SG:5LY Stock Forecast page.
More about Marco Polo Marine Ltd.
Marco Polo Marine Ltd. is a regional integrated marine logistics company, known for its ship building and repair operations. The company focuses on providing marine logistics services, including ship repair and maintenance, catering to the needs of ship owners in the region.
Average Trading Volume: 14,808,683
Technical Sentiment Signal: Buy
Current Market Cap: S$236.2M
See more data about 5LY stock on TipRanks’ Stock Analysis page.