KLSE: COASTAL (5071)       COASTAL CONTRACTS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.29   -0.03 (2.27%)  1.29 - 1.32  33,100
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Market Cap: 686 Million
NOSH: 532 Million
Avg Volume (4 weeks):249,042
4 Weeks Range:1.28 - 1.45
4 Weeks Price Volatility (%):
52 Weeks Range:1.15 - 1.53
52 Weeks Price Volatility (%):
Average Price Target: 1.35
Price Target Upside/Downside: +0.06

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2017[#1]  |  22-Nov-2017
Next QR | Est. Ann. Date: 31-Dec-2017  |  27-Feb-2018
T4Q P/E | EY: 13.94  |  7.17%
T4Q DY | Payout %: 1.54%  |  21.45%
T4Q NAPS | P/NAPS: 3.3862  |  0.38
T4Q NP Margin | ROE: 12.55%  |  2.73%


Date Subject
23-Nov-2017 Coastal Contracts Bhd - One and Only Vessel Delivered
27-Sep-2017 Traders' Corner - Coastal Contracts (COCO MK)
05-Sep-2017 Coastal Contracts Bhd - Above Expectations
25-May-2017 PublicInvest Research Headlines - 25 May 2017
28-Feb-2017 Coastal Contracts - Below Expectations
21-Feb-2017 Ceasing Coverage – Coastal Contracts Bhd

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.
Analyze this stock with MQ Trader system

  15 people like this.
kewyy Investor 9999, 0127237892
12/11/2017 15:00
maoyap come SAPURA ENERGY!
13/11/2017 00:47
gupiao i like to see coastal price take over sapura :D
13/11/2017 13:29
leoting https://www.facebook.com/photo.php?fbid=245398422656973&set=gm.532738980418458&type=3&theater&ifg=1
13/11/2017 13:45
slee thanks leoting for the sharing. today Uzma also up alot....
13/11/2017 14:23
HENGYUAN TP $24 (ilovehits) Good closing. But still missed 1 cent if want to overtake that cap kura energy. Haha..
13/11/2017 17:25
HENGYUAN TP $24 (ilovehits) Anyway, I'm aiming other two O&G counters, Carimin and that cap kura. Haha..
13/11/2017 17:28
Cikam I sudah kataaaaaa..mesti naik punya..thank you coastal..bye bye..carimin next!
13/11/2017 19:05
HENGYUAN TP $24 (ilovehits) You sold all Coastal shares. Aiya.. should keep one or two hundred lots like that, for long term, 100% return.
13/11/2017 19:51
HENGYUAN TP $24 (ilovehits) Anyway, Carimin has huge potential, at least I think like that. Small O&G company but won Petronas' contract which worth $1 billion.
13/11/2017 19:53
sook Thx ilovehits, got some Coastal earlier.
14/11/2017 08:19
Yupe Hopefully coastal can go up to 1.50
14/11/2017 12:13
PeterNg 1.50 is resistance.
Break it then go north.
14/11/2017 13:08

Why You Should Not Buy Coastal Contract? Koon Yew Yin
Author: Koon Yew Yin | Publish date: Thu, 9 Nov 2017, 09:12 AM

The company manufactures Coastal vessels for sale and rental. A few years ago, when the petroleum price was above USD 100 a barrel, its business was booming because many oil companies and sub-contractors wanted to buy or rent more vessels. In a situation like this, many more people wanted to explore new oil fields hoping to make more money.

But currently when the oil price is less than USD 50 per barrel and its business is badly affected. In fact, many sub-contractors or service providers are forced to sell off their vessels.

You Must Know The Company’s Business:

To be a successful investor, you must not only look at the price chart and financial statements to buy or sell blindly. That is why pure chartists cannot make much money. It is very important to know the company’s business. Sometimes its current financial statements may not look so attractive, its business might have a fantastic future.

A very good example is JAKS whose current quarterly profit is not so good. But it will eventually have 40% of the profit every year for 25 years from selling electricity to the Vietnamese Government. Moreover, JAKS does not need to borrow money to finance the construction of the RM 7.76 billion 1,200 MW coal fired power plant.

Why I am Writing This Article?

My purpose of writing this piece is because someone wanted me to explain why she should not buy Coastal Contract.

Among all the criteria for choosing shares, profit growth prospect is the most important and it is the most powerful catalyst to move share price. Never buy any share if the company has no good profit growth prospect.

The above table shows that its profit and revenue are less than last year. The revenue is about 30% of previous year. That means the business is very bad and the future can be worse.

I also wish to point out the following:

1 You should not be tempted to buy when you see that the share price is selling less than 50% of its NTA.

2 You should not be tempted to buy because it is so cheap after it has been falling in the last 3 years, as shown on the above chart.

3 Always be careful when someone recommends you to buy any share. You must examine his track record and his intention.

4 I used to be a substantial shareholder a few years ago. I have visited its shipyard in Sandakan, Sabah and I know all about the company. The company always has a few readymade vessels for sale or rent. During oil boom, many owners of oil fields and sub-contractors would just pay without hesitation.
14/11/2017 13:38
TakeProfits Wah people taking profits wor...ayoh yoh. Help ilovehits. But anyway stocks don't do up in straight line. Hang on arh, but branch gonna break loh. What's your advice ilovehits?
14/11/2017 14:34
HENGYUAN TP $24 (ilovehits) Just let it up and down by itself. I prefer long term play.
14/11/2017 16:53
Investor 9999 Only Q1 announcement at month end would tell.

In today adverse market sentiment, Coastal still manged to stay up. Looking at this, I personally believe, market could have leakage of coming result which probably would be positive, otherwise closing price still green is unlikely or very strong operator still wanting it up
14/11/2017 17:24
Bullhunter tomorrow profit taking..
14/11/2017 17:53
HENGYUAN TP $24 (ilovehits) Taking your head!
14/11/2017 22:13
Sapphire tomolo i top up 10 lot again..
14/11/2017 23:12
Sapphire hehe
14/11/2017 23:12
curious2 What O&G contract Coastal win lately? Why can jump?
15/11/2017 05:31
Yupe I think it is because soon they may have agm soon
15/11/2017 10:29
TakeProfits Yes agree with you ilovehits. Play long term. If short term fly up is a bonus. Thanks ilovehits. No blame on anyone. I take the risks when entering a stock. Good of you to share.
15/11/2017 11:22
curious2 Why having AGM must jump don't make sense? More and more MCM awarded but Coastal not among winner. Yesterday was Senergy and earlier a day was Penergy.

Yupe I think it is because soon they may have agm soon
15/11/2017 10:29
16/11/2017 04:15
curious2 2 sen dividend only worth 60 sen why pay 1.4? Idiot you all?
16/11/2017 04:17
Yupe Dunno how true it is actually
*Technical Analyzer*
Date/日期 : 14/11/2017

*COASTAL (5071)*
Price/现价           : 1.45
Target price/目标价: 1.63/1.73
Cut loss/止损价    : 1.8/30

16/11/2017 11:16
Orange88 Make curious 2 the chairman of this blog, calm n sensible comments applause, applause
16/11/2017 12:56
HENGYUAN TP $24 (ilovehits) I just see cipet comments.
16/11/2017 15:47
HENGYUAN TP $24 (ilovehits) Anyway, I play for long term.
16/11/2017 15:47
Investor 9999 Coastal result should be out on 20th or 21st Nov. Good luck to all of us in Coastal. If co can deliver a net profit of RM20 mil giving an EPS of 5 Sen for Q1, then we are hitting jacpot.

Seeing the price holding on 16 Nov in adverse market condition and up marginally on 17 Nov on T3/T4 after high vol and price up, is a good sign.

We will know by 21 Nov evening.
18/11/2017 13:49
Alson168 will coastal result out today?
21/11/2017 15:25
TakeProfits Hello ilovehits, qtr results out yet??
22/11/2017 15:01
jibbie feels like there's good news!
22/11/2017 17:06
pakatan_harapan2 EPS 0.62 sen very good QR? Hidup Pakatan. BN must die ini kali.
22/11/2017 17:28
pakatan_harapan2 Director buy not sure QR is good but more bec people goreng his counter.
22/11/2017 17:33
manahin Aaaarrgh!!!
22/11/2017 17:46
Simple man no surprise on the QR.. >.< price not moving
22/11/2017 18:28
pakatan_harapan2 Up 5 sen(1.45 is cheapest among O&G ctrs?) say not moving how logic you said so?

Simple man no surprise on the QR.. >.< price not moving
22/11/2017 18:28
23/11/2017 03:26
pakatan_harapan2 Who work for Kenanga to fry Coastal?
23/11/2017 03:29
pakatan_harapan2 No wonder Kenanga shareholders suffer with poor QR. Fry wrong counters.
23/11/2017 03:30
pakatan_harapan2 I read some comments winning contracts is a curse among O&G ctrs. No win like Coastal mean better? Rafizi you are right.
23/11/2017 03:36
notebook overvalue
23/11/2017 04:00
jibbie QR acceptable lah. not excellent, but positive in long term. Huge order book, oil prices now more favourable, directors buying from open market. Good signs to hold on
23/11/2017 06:01
Simple man drop.. hot selling maybe
23/11/2017 09:08
TakeProfits Aiyah, price sure go down again. These few months price will drift down again. No point keeping this stock for now..Not a very good qtr. Some one who recommended this stock possibly sold out already..All in the game..hmmm
23/11/2017 16:46
pakatan_harapan2 Kenanga irresponsible IB to give higher TP after weaker QR. Ini kali mesti ubah.
23/11/2017 23:42
TakeProfits Bursa ruled by retail players at moment. Buy carefully and research well. For now looks like a koyak bourse. Take care of your funds.
27/11/2017 13:27
TakeProfits Have not heard from.ilovehits lately. Maybe he sold out this stock.
27/11/2017 13:27
TakeProfits Wah nobody talk this counter. Haha. Really dead and gone man. Haha
13/12/2017 19:06


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