Stock Evaluation and Commentary: MarcoPolo Marine | Lianhe Zaobao

Marco Polo Marine recommends buying, with a target price of 0.088 yuan and a closing price of 0.072 yuan (+1.41%). The company's newly commissioned No. 4 dry dock has secured a 5 million yuan ship repair contract, which is expected to make a significant contribution to revenue and cash flow starting from the fourth quarter of the 2025 fiscal year. The wholly-owned subsidiary has signed a three-year major supply contract with Cyan Renewables to provide services for the offshore wind power fleet. The company's 49% owned Taiwanese subsidiary PKRO plans to go public in the third quarter of 2026, raising funds to expand its fleet to meet the rapidly growing demand in the offshore wind power market