$MarcoPolo Marine (5LY.SG)$ May have bottomed at 0.045. UOB ...

May have bottomed at 0.045.

UOB KH maintained their buy call with tp of 0.06.

Marco Polo Marine reported strong top-line growth in 3QFY23, from an uptick in utilisation rates in both its ship chartering and shipyard segments. MPM continues to expand into the APAC offshore sector, with its CSOV expected to be ready by 3Q24 and partnerships in Japan and South Korea. It has also recently announced the construction of a new dry dock, boosting ship repair capacity by up to 25% to capitalise on higher demand for ship repairs.