PETALING JAYA: The move by Keyfield International Bhd
to dispose of its six-year old dynamic positioning two accommodation workboat (DP2 AWB), Keyfield Compassion (CPS), is a favourable one as it shows strong demand for its AWB vessels despite weakness in upstream demand, says Kenanga Research.
It said this move allows the group to free up capital for its newbuild AWB and provides working capital options to work through the current slowdown in upstream demand.
