Keyfield has invested AED130,000 (approximately RM145,000) to acquire a 65% equity stake in Keyfield Biham Marine FZCO, formerly known as Biham Marine FZCO.

As part of its initial operations, Keyfield Biham has already secured a charter contract from a global engineering, procurement, construction and commissioning (EPCC) company specialising in offshore and onshore energy infrastructure.

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.

Entry: RM1.600 - RM1.610
Stop Loss: RM1.460
Target Price: RM1.690 - RM1.875

(From Mercury Securities Research)