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Keyfield International Bhd (KL:KEYFIELD) slid to a one-year low amid softer accommodation workboat demand and charter rates.
However, Kenanga Research in a note on Friday said the selldown was unjustified, given Keyfield's strong cash flow and potential realisable value of its assets.
PLYTEC’s segment performance was mixed, with BMD remaining the largest contributor at RM20.94m despite a slight decline. CME and DDE fell due to project completion and fewer handovers, while PC grew strongly by 61.7%. The standout was PMCP, surging 63.5% to RM4.48m, supported by new manufacturing capacity and exports to international markets