KLSE (MYR): KEYFIELD (5321)
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Last Price
2.24
Today's Change
+0.01 (0.45%)
Day's Change
2.19 - 2.25
Trading Volume
523,400
Probably would have already hit RM3 if it wasn't for market turbulence. This stock backed by strong fundamentals
2024-08-15 10:14
Excellent quarter results. 3 sen divvy per share. Wow.
TP of RM 3.80 by year end - no problem.
2024-08-15 18:23
Keyfield more than doubles 2Q net profit, flags upcycle amid tight supply
theedgemalaysia.com
15 Aug 2024, 07:33 pm
KUALA LUMPUR (Aug 15): Oil and gas services firm Keyfield International Bhd (KL:KEYFIELD) more than doubled its net profit in the second quarter and flagged an industry upcycle amid tight supply of vessels servicing the industry.
The average daily charter rates were higher in the April-June quarter (2QFY2024) when compared to the same quarter last year, Keyfield said in an exchange filing. The company’s accommodation vessels were also busier with an increase in the number of chartered days and utilisation rate, Keyfield noted.
Net profit for 2QFY2024 was RM70.04 million compared to RM30.16 million over the same period a year earlier. The company would have booked a net profit of RM77.1 million after adding back non-cash share option expenses and non-recurring listing expenses and accretion of interest on preference shares.
Revenue for the quarter surged 87% year-on-year to RM198.98 million from RM106.56 million. The number of chartered days for its own vessels in 2QFY2024 was 970 days with utilisation rate of 96.9% versus 2QFY2023’s 808 days and utilisation rate of 93.8%.
Keyfield International Bhd CEO Datuk Darren Kee said the company has fully repaid its bank borrowings and they can leverage on their current debt-free balance sheet to further enhance returns to our shareholders while remaining vigilant and dedicated in managing their fleet and operations prudently.
2024-08-15 19:52
One of the underrated gem stocks of 2024. Potential for much more upside medium to long term. Expect a new TP to be upgraded by IBs soon..
2024-08-16 10:01
Yes the market has gone insane. That provides an opportunity. Market will not be insane forever.
2 months ago
xuxu
qr good price down ! what the market
1 week ago
Notion is the similarity of KEYFIELD.
Good QR but crashing. Maybe, same goreng group inside
2 months ago
Keyfield sememangnya sedang berkembang dengan baik. Yakin ia boleh meneruskannya. Terdapat satu lagi syarikat OSV yang juga berkembang dengan baik . Tetapi ia didagangkan pada sebahagian kecil daripada penilaian. Ini adalah Nam Cheong. Listed SGX. Adakah anda bersetuju?
NAM CHEONG +100% IN 2 MONTHS
https://www.nextinsight.net/story-archive-mainmenu-60/947-2024/15808-stock-jumps-100-in-2-months-as-1h-results-point-to-low-valuation
2 months ago
Nam Cheong should come and list in Bursa. PE immediately becomes 8x and above!
2 months ago
Pang72 bro this is a good stock, no worries. always cover back during closing hehe
2 months ago
no bad news, just O&G prices play. impact will be on reduce the margin for keyfield can be qoute. that's it
2 months ago
as long as keyfield steady growth rate like recently. surely the current price is very attractive
2 months ago
Kenanga really confident up TP everytime....Not suprising bcos good company...easily can go above 3.00
2 months ago
Nice, Keyfield shares spike to one-month high after new work orders
https://theedgemalaysia.com/node/728039
1 month ago
Daily charter rates will continue to trend upwards in the local OSV market, as supply remains tight, while client demand continue..
1 month ago
Keyfield International files RM1b sukuk !
https://themalaysianreserve.com/2024/10/23/keyfield-international-files-rm1b-sukuk/#google_vignette
2 weeks ago
Another very strong QR yet again but market not giving it the valuation it deserves. Bursa is a shameful market.
3 days ago
Only in bursa, fundamental and technical are jokes only. If kwsp/kwap/pnb/th dont buy then nothing can go up. Only go down
3 days ago
troy88
Fundamentals intact despite market turbulence
2024-08-09 11:38