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Keyfield remain its strength above its 20- and 50-day EMAs, as it converges with the 200-day EMA which would signal a strong breakout once it crosses above. On the upside, the immediate target is RM1.690, with further strength potentially extending towards RM1.875 should momentum build. Conversely, a breach below its support levels would invalidate the bullish outlook and expose the stock to further downside.
Keyfield just released its Q3 results. Revenue came in at RM132.3 million with a net profit of RM41.3 million. The dip in revenue was mostly because of softer demand in Malaysia’s OSV market ...