Last Price Today's Change   Day's Range   Trading Volume
1.90   -0.01 (0.52%)  1.87 - 1.93  342,900
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Board:Main Market
Sector:Industrial Products
Avg Volume (4 weeks):441,263
4 Weeks Range:1.87 - 2.18
52 Weeks Range:1.61 - 3.42
Average Price Target:2.25
Price Target Upside/Downside:+0.35
View Price Target Detail


Latest Headlines
26/11/2015  Coastal Contracts Bhd - First Jack-up Rig Sale Recognised
09/10/2015  Daily Technical Highlights – COASTAL | LTKM | TEOSENG
20/09/2015  沿海工程和馬屋業合理價多少?
28/08/2015  COASTAL–Fundamental Analysis (28 Aug 2015) - L. C. Chong
28/08/2015  Daily Technical Highlights – AMBANK | COASTAL
28/08/2015  Trading Stocks - 28 August 2015 - Press Metal | Mitrajaya | Coastal | Can-One | Censof | Eversendai
26/08/2015  Coastal Contract - Expect Headwinds In FY16
26/08/2015  Coastal Contracts Bhd - 2Q15 Deemed As Within Expectations
18/08/2015  Daily technical highlights - COASTAL | PCHEM
27/07/2015  Coastal Contracts Bhd - More Vessels Sales
22/07/2015  Coastal: Navigates On Rough Sea - Bursa Dummy
30/06/2015  傳併購‧沿海工程熱不起
29/06/2015  Coastal Contracts Bhd - Potential M&A?
11/06/2015  Highlights / Stock Picks of the Day - Coastal Contracts Bhd (COASTAL) – Close Position
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  15 people like this.
2721 why result so bad =(
25/11/2015 21:35
calvintaneng Why result SO BAD?

Go see Baltic Dry Index & Maybulk results. All have been hit hard by commodities slump.

And Oil & Gas Companies are hit even harder!

This quarter actually show an operating loss if not for some "maneuver" by clever accounting.

Coastal is a cyclical stock. Now in prolonged down cycle. Just get out as fast as you can.

Switch to the Most Defensive Recession Proof Laggards Now!
25/11/2015 21:49
calvintaneng Another red flag is Debt has Ballooned to near half billion ringgit suddenly! Just be very careful now.
25/11/2015 21:53
chong0611 and another weird thing is company's "property, plant and equipment" increase from 198mil (Q215) to 840M (Q315). What they have bought?
25/11/2015 22:16
tkk1127 “The year thus far saw Coastal Contracts charting a new milestone with the successful delivery of Coastal Driller 4001, our first jack-up rig, to a leading international O&G player.

The Group recorded 17.9% lower net profit in 9M15 of RM124.5 million compared to
RM151.7 million last year, primarily due to slower deliveries of new OSVs. This was
despite 9M15 revenue doubling to RM1.4 billion from RM699.5 million previously,
mainly attributed to proceeds from the sale of Coastal Driller 4001.

Group 3Q15 net profit dipped 56.3% to RM23.7 million, from RM54.3 million a year ago,
due to inventory written-down. 3Q15 revenue increased 296.4% to RM921.2 million
compared to RM232.4 million previously, from the sale of Coastal Driller 4001.
26/11/2015 09:01
tkk1127 Substantial orderbook of RM2.9 billion allows Group to effectively weather ongoing O&G market downturn.

Coastal Contracts’ order book stood at RM2.9 billion as at 30 September 2015.
Of the total orderbook, OSV and other vessels, amounting to RM1.3 billion, will be due for delivery until 2017.

The Group’s O&G division made up the remaining order of RM1.6 billion, comprising the fabrication and long term charter of a Jack Up Gas Compression Service Unit (JUGCSU) to Mexico’s national oil company Petróleos Mexicanos.

The JUGCSU, whose fabrication been completed earlier, is en route to Mexican waters and remains on track for charter commencement in the first half of 2016.
26/11/2015 09:03
ahjibkor "calvintaneng: Another red flag is Debt has Ballooned to near half billion ringgit suddenly! Just be very careful now."

"chong0611: and another weird thing is company's "property, plant and equipment" increase from 198mil (Q215) to 840M (Q315). What they have bought?"

hey guys, is the jump in PPE and total borrowings of about RM840 million coming from its drilling rig 4001? or the JUGCSU unit? ... still trying to figure the accounting treatment out...
26/11/2015 11:51
beemaro think they have a 2nd jack up hehe
26/11/2015 11:55
goreng_goreng Jump in PPE and total borrowings is for 2nd JUGCSU. it is the nature of shipbuilding company.Try look at other in same business.

from the report:

"The debt-equity ratio of the Group has increased to 0.483 from last quarter's 0.057. Additional funds were drawn down from
existing credit lines to partly finance the Group's shipbuilding division to keep an orderly rolling work-in-progress, as well
as from new credit facility to finance the Group's acquisition of its first self-elevating mobile offshore unit for chartering.The current gearing is within management comfort level."

if you have common sense just collect below RM2 and stop worrying.
26/11/2015 13:39
cyeec2000 Wondering why this time they want to proposed ESOS 15 percent, which is unfair for minority shareholder. The management should focus their bussiness growth rather than thinking how to gain more shares with cheaper price..If the ESOS success, the enlarged share volume with lower earning will suppress the share price even longer time..
27/11/2015 11:34


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