Stock Analysis: MarcoPolo Marine

Marco Polo Marine recommends buying, with a target price of 0.06 SGD, and the current closing price is 0.044 SGD (up 2.326%). In the first half of the 2025 fiscal year, net profit decreased by 13.7% year-on-year to 9.6 million SGD, mainly due to the initial investment in the operation of commissioning service vessels and a reduction in third-party chartering business. Performance is expected to improve starting from the third quarter, due to the full deployment of commissioning service vessels and seasonal benefits. The company will redirect 50% of its chartering revenue to offshore wind power projects to mitigate the impact of falling oil prices