Coastal Contracts Bhd is a Malaysia-based investment holding company. The Company, through its subsidiaries, operates in two segments: vessels manufacturing and repairing services, which include fabrication and sale of marine transportation vessels and provision of ship repairs and maintenance services, and vessels chartering and equipment hire, which include the provision of vessels transportation and equipment hiring services. Its subsidiaries are Bonafile Shipbuilders & Repairs Sdn. Bhd., Coastal Transport (Sandakan) Sdn. Bhd., Coastway Transport Sdn. Bhd., Seri Modalwan Sdn. Bhd., Pleasant Engineering Sdn. Bhd., Coastal Marine Pte. Ltd., Coastal Marine Pte. Ltd., Coastal Offshore (Labuan) Pte. Ltd., Asiapride Sdn. Bhd.Thaumas Marine Ltd and Ace Capital Pte. Ltd.
chineseteaSo strong. Looks like tomorrow will break new high.
OverweightThe price recovered back now and looks likely market already digested this P.P effect...not much worries because company are in high growth circle and tiptop performance, any new contract winning will be added as catalyst to boost the stock to new higher target.
very bright and optimistic future for coastal.
chineseteaI have observed that brahim trend also like this. The price may be down a bit around fixing date or after announcement and then bounce back to further up. Yinson also like this although the PP reason is to expand business.
Hope after the news is out, this is heading above 4.8 to the target where it should belongs after fantastic result and future prospect. Kekeke :-)