0254 GMT - Marco Polo Marine may benefit from a proposed reverse takeover, UOB Kay Hian analysts say in a research report. Under the planned deal, Fuji Offset Plates Manufacturing will acquire Marco Polo Marine's shipyard business for up to 139 million Singapore dollars, the analysts note. Carving out the shipyard business allows the markets to separately price the shipyard business on its stand-alone third-party earnings power, the analysts say. It also unlocks value that has been obscured within the marine logistics company's conglomerate structure. The brokerage raises the stock's target price to S$0.230 from S$0.190 with an unchanged buy rating. Shares are 1.1% higher at S$0.178. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 19, 2026 22:54 ET (02:54 GMT)
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