Highlights
KLSE : COASTAL       COASTAL CONTRACTS BHD
Last Price Today's Change   Day's Range   Trading Volume
5.07   +0.02 (0.40%)  5.05 - 5.10  440,400

Overview

Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):687,036
4 Weeks Range:4.90 - 5.19
52 Weeks Range:2.50 - 5.19
Average Price Target:5.40
Price Target Upside/Downside:+0.33
View Price Target Detail

Business Background

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.

  11 people like this.
 
johnny cash Coastal Contracts (COCO MK) ------------------------------dated 25/6
Technical BUY with +12.5% potential return
Last price : RM4.96
Target Price : RM5.18, RM5.58
Support : RM4.66
Stop-loss: RM4.65
BUY with a target price of RM5.58 with stop
loss at below RM4.65. COCO’s share price
has consolidated within the downward price
channel in the past 11 weeks before
yesterday’s strong gain signaled the end of the
current correction following a breakout above
the price channel. We view the breakout as
genuine because a higher trading volume was
recorded yesterday. A positive closing above
the "cloud", 10-day and 21-day SMA lines
should signify upward continuation hereafter.
Positive readings from both MACD and
Stochastic suggest an improving momentum
and could drive the share price higher. Moving
forward, we peg our short- to medium-term
target at RM5.58, which is equivalent to the
1.38x Fibonacci extension level.
25/06/2014 23:07
Overweight huge volume transacted just now, hopefully some good show today.
02/07/2014 09:12
Overweight the Coastal outlook on second half 2014 will be anticipated as series of expansion and contract awards would contribute a better earning prospect, the new G&O segment expected to driven company toward more steady and lucrative income base business.

Coastal target rm5 billion market capitalization in medium term, and continue own and operate more offshore assets include jack-ip gas compression service unit - JUGCSU (1.24 billion contract ) jack-up drilling rig (two contract and looking one more) and mobile offshore production unit - MOPU, also scaling up its shipbuilding value chain (1.2 billiion contract).
03/07/2014 11:34
Overweight COASTAL is our mid-cap pick. We favour COASTAL as it is currently a laggard in terms of valuations versus its small-to-mid-cap peers. It is currently trading at CY15 PER of 11.3x vis-a-vis YINSON that is trading at CY15 PER of 19.3x, and UZMA which is trading at CY15 PER of 13.3x. We believe the company is in the midst of a cyclical shipbuilding uptrend as evidenced by the significant RM1.2-1.3b order book. It has successfully landed a jack-up rig compression contract in Mexico and is currently searching work for their maiden jack up rig. A successful takeup will change the company's business model to asset ownership (from trading previously) which are rerating catalysts for the company.

Source: Kenanga
03/07/2014 16:12
Overweight Huge volume queueing there act nothing, what are we waiting?
04/07/2014 15:58
Overweight Buy coastal warrant, good discount and mother toward more up trend
08/07/2014 16:08
soccerking82 Conversion price : RM3.18 + Current WA price : 1.95 = RM RM 5.13

Lower than Mother price RM 5.15 !!!!

Time to accumulate more warrant as the expiry date is Year 2016
10/07/2014 11:16
Overweight this is what i meant the warrant very tempting and trading at discount price, the target for mother toward Rm6 very soon and warrant should be best to accumulate more...good luck!
10/07/2014 11:42
soccerking82 Once mother hit RM6, son fair value at least RM3..

It is 50% gain from current price!!!!
10/07/2014 12:13
soccerking82 Hit the all time highest 5.18.... Good move
10/07/2014 16:32


 

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