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Magma and KLCC (Holdings) are selling their stakes in the Impiana KLCC Hotel to Harum Aspirasi Sdn Bhd for RM315 million. Magma’s portion from the sale is roughly RM63 million
Keyfield has moved above the 21-day SMA line, which shows the short-term trend is turning bullish. If the breakout holds, the stock could head towards RM1.55 first, and then possibly RM1.65
Kenanga Research has upgraded Keyfield from a ‘market perform’ call, saying the recent selldown was overdone and that its vessel business should still stay profitable