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Keyfield is expected to maintain steady vessel utilisation, mainly supported by its expansion into the Middle East and the addition of more vessels to its fleet, according to Phillip Capital
Phillip Capital initiated coverage on Keyfield with a “buy” call on the stock and a target price of RM1.70, said the valuation considers the nine times price-to-earnings multiples based on financial year ending Dec 31, 2027 (FY27) earnings-per-share and in line with small-mid cap local O&G peers.