CGS-CIMB |
MAYBANK KIM ENG |
AEM Holdings Ltd |
KPJ Healthcare (KPJ MK) |
UOB KH |
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Marco Polo Marine - Beneficiary of higher activity in the offshore sector. (MPM SP/BUY/S$0.028/Target:S$0.043) The rationalised oil & gas offshore support industry has shown resilience over the COVID-19 pandemic. Channel checks suggest vessel utilisation has been improving, helped by minimal newbuilds and increased offshore activity in the region. MPM will benefit from positive operating leverage from higher charter and utilisation rates and a lean operating structure. Maintain BUY with a higher target price of S$0.043 (from S$0.038), after rolling forward the valuation base year to FY23. Read more. |
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