Marco Polo Marine upgraded to ‘buy’

Marco Polo Marine upgraded to ‘buy’

15 Jul 2021

Rationalisation of the offshore service vessel industry, signs of recovery in the traditional oil and gas sector, and diversification to offshore renewables are providing a tailwind of recovery for listed Marco Polo Marine (MPM).

UOB Kay Hian has noted these trends and upgraded the marine support services company's stock to "buy", with a target price of 3.6 cents.

The shares, which have been trending upwards in recent days, closed at 2.8 cents yesterday.

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