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Keyfield International Bhd's earnings are expected to remain under pressure this year as weaker charter rates for accommodation work barges (AWB) and a shift towards lower-margin vessels weigh on profitability, despite an anticipated recovery in third-quarter earnings
Keyfield business model very solid and their growth trajectory looks super steady for the long term, this is a good chance to accumulate more while the potential is still big, steady pom pi pi
Phillip Capital said the offshore support vessel or OSV operator’s earnings should improve quarter-on-quarter in the third quarter of 2026 (3Q26), supported by higher vessel utilisation and increased chartered days. Keyfield noted that utilisation is expected to exceed 80%, compared with 69% in 2Q26.
Utilisation is expected to exceed 80%, compared with 69% in 2Q26, following the deployment of two vessels to the Middle East and the commencement of operations by Keyfield Joyful and an additional third-party anchor handling tug supply (AHTS) vessel in July and August respectively
HL invesment bank advocate positioning for our 2027 thesis of a recovery in Petroliam Nasional Bhd’s (PETRONAS) upstream capital expenditure (capex) alongside rising regional energy-security investments. We believe the sector remains supported by a recovery in offshore support vessel-related names such as Dayang Enterprise Holdings Bhd (KL:DAYANG), Keyfield International Bhd (KL:KEYFIELD) and Perdana Petroleum Bhd (KL:PERDANA), while improving oil and gas services and equipment order flows and longer-term demand for storage, pipelines and broader energy infrastructure should continue to support Dialog Group Bhd (KL:DIALOG) and Wasco Bhd (KL:WASCO)
