Highlights
KLSE: COASTAL (5071)       COASTAL CONTRACTS BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.80   0.00 (0.00%)  0.79 - 0.80  46,900
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Overview

Market Cap: 428 Million
NOSH: 535 Million
Avg Volume (4 weeks):98,066
4 Weeks Range:0.72 - 0.825
4 Weeks Price Volatility (%):
76.19%
52 Weeks Range:0.565 - 0.92
52 Weeks Price Volatility (%):
66.20%
Average Price Target: 1.05
Price Target Upside/Downside: +0.25
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2021 [#3]  |  27-May-2021
Next QR | Est. Ann. Date: 30-Jun-2021  |  27-Aug-2021
T4Q P/E | EY: -2.73  |  -36.65%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 2.0295  |  0.39
T4Q NP Margin | ROE: -99.28%  |  -14.45%

Headlines

Date Subject
30-Mar-2021 Coastal Contract - Striving against a tortuous course
17-Mar-2021 (TapDance) Coastal Contracts - rides on a RM50bn opportunity
19-Feb-2021 PublicInvest Research Headlines - 19 Feb 2021
19-Feb-2021 Mplus Market Pulse - 19 Feb 2021
18-Feb-2021 Trading Stocks - Coastal Contracts
10-Feb-2021 Daily technical highlights – (COASTAL, JOHOTIN)
03-Feb-2021 PublicInvest Research Headlines - 3 Feb 2021
12-Aug-2020 Daily technical highlights – (COASTAL, DELEUM)
07-Jul-2020 沿海工程试叩80仙/敏源

Business Background

Coastal Contracts Bhd is a Malaysian company which provides marine products and services to the shipping, oil and gas and commodities industries. The company's business activities include build, charter, repair, maintain and trade of marine vessels, ranging from tug boats, oil barges, dumb barges, and landing crafts to offshore supporting vessels. It is also involved in maintenance, repair and overhaul services such as steel hull maintenance, electrical works, engines, and generators overhaul, and modification works including suitable charter solutions. The company organizes its business in two divisions namely Shipbuilding and Ship Repair and Vessel Chartering. The company operates its business globally and generates the majority of its revenue from Singapore.
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  15 people like this.
 
ngyewchai76 What happen this quarter losses but previous quarter profitable
29/08/2020 9:31 AM
AllanTingAS No joke! 170m in a quarter!!! I'm lazy to see the details on what ever reason.
30/08/2020 12:18 PM
TradeNewBie but coastal created a bullish hammer
31/08/2020 11:22 PM
TradeNewBie obviously the company also buyback
31/08/2020 11:22 PM
TradeNewBie and oil price picking up
31/08/2020 11:23 PM
TradeNewBie just a matter of time
31/08/2020 11:23 PM
Kang Yao anyone dig into how they impair over 100mm in receivables? management could just set up a unknown company to served as middle person to all their projects, and impair via it, shareholder deserves DETAIL EXPLAINATION!
04/09/2020 10:22 AM
jjpang72 Crude oil price crash and burn !!!
07/09/2020 7:06 AM
jjpang72 Oil price is merely consolidating due to the strengthening dollar. This is crucial before its next solid upward move.
07/09/2020 7:06 AM
TradeNewBie time to gap up ...coastal
17/11/2020 3:32 AM
TradeNewBie oil price upupup
17/11/2020 3:33 AM
JT1969 What’s happening to Coastal? Keep on losing money? Stupid management ..
28/11/2020 1:24 AM
JT1969 Bunch of jokers should be sacked and replace with more capable executives.
28/11/2020 1:25 AM
thesteward Coastal could move up like Wah seong I believe . This is actually a good co. Just hit last 2 quarters . I believe the worst is over . Could go back in regrown of rm1
03/12/2020 9:48 PM
thesteward Movement similar to Wah seong just started yo up. Holding tight .
04/12/2020 10:10 AM
thesteward Holding on tightly for over rm1
04/12/2020 12:26 PM
thesteward Chun chun again
04/12/2020 12:26 PM
dompeilee Chased some Coastal @ 68.5c this morning
04/12/2020 2:14 PM
thesteward Once if break 73 fly . I believe it could
04/12/2020 2:35 PM
TradeNewBie my coastal... finally woke up
04/12/2020 10:30 PM
TradeNewBie proud of you
04/12/2020 10:30 PM
Dangel Engine start?
07/12/2020 9:12 AM
dompeilee dompeilee Chased some Coastal @ 68.5c this morning
04/12/2020 2:14 PM

=)
07/12/2020 9:13 AM
Dangel strong uptrend!!!
07/12/2020 9:23 AM
Davidl Uptrend jz started! Dun miss out de flight guys!
07/12/2020 9:43 AM
TradeNewBie gonna have good show tomorrow
09/12/2020 9:49 PM
thesteward Agree
10/12/2020 1:41 AM
Davidl https://oilprice.com/Energy/Oil-Prices/Goldman-Turns-Bullish-On-Oil-Sees-65-Brent-In-2021.html
16/12/2020 10:30 AM
jjpang72 https://www.upstreamonline.com/rigs-and-vessels/malaysian-liftboat-debutant-has-oil-gas-and-wind-in-mind/2-1-955299
02/02/2021 1:44 PM
jjpang72 Coastal Contracts ventures into liftboat charter business

theedgemarkets.com

February 02, 2021 10:33 am +08
Coastal Contracts ventures into liftboat charter business


KUALA LUMPUR (Feb 2): Coastal Contracts Bhd is venturing into the chartering of liftboats — self-propelled, multifunctional, self-elevating platform-based vessels with large open decks to support various offshore maintenance and construction works — via the acquisition of a Singaporean firm.

According to a Bursa Malaysia filing, Coastal Contracts' unit Coastal Drilling Pte Ltd (CDPL) and its strategic business partner JUB Pacific Pte Ltd have acquired stakes of 80% and 20% respectively in Elite Point Pte Ltd (EPPL) for S$8,000 (RM24,318.31) and S$2,000.

"Upon the completion of the Acquisition by CDPL and JUB, EPPL shall increase its issued and paid-up capital by US$1 million, of which US$800,000 (RM3.24 million) will be subscribed by CDPL and the remaining US$200,000 will be subscribed by JUB. The eventual shareholdings of the parties in EPPL shall remain at 80% and 20% respectively," it said.

In a separate statement, Coastal Contracts said EPPL will be acquiring a liftboat named Teras Conquest 7 (TC7), which was built in 2015 at a "renowned yard in Southeast Asia".

"TC7 was engaged in well servicing and production enhancement related activities since its first operation in the Middle East. For the first five years since operations, TC7 has been consistently operating at a high utilisation rate. The
vessel is multi-capable for various projects such as offshore construction services, field maintenance services, equipment installation services and accommodation services in the oil and gas (O&G) industry.

"TC7, with its robust safety track records, has called on more than 200 worksites and 120 different platforms across one of the biggest oilfields in the world near Saudi Arabia. TC7 had just completed its first dry-docking and special periodical survey, and is gearing up in preparation to continue with the current charter project. TC7 is expected to commence its charter immediately upon completion of the acquisition, serving one of the famous national oil companies in the Middle East. This extended charter has a remaining contract tenure of approximately 20 months, with a contract value of approximately RM67.3 million," it said.

Coastal Contracts said the new venture will enable it to pursue further business expansion and growth in the O&G upstream sector, besides venturing into renewable energy.

"Apart from its service capabilities related to the offshore O&G industry activities, liftboats are also an alternative solution in the support of offshore wind farm installation and maintenance works. Governments and energy companies across the globe, especially in Asia-Pacific, are looking into the huge business and investment opportunities in the offshore wind sector. With strong year-on-year (y-o-y) growth prospects expected for the years to come, offshore wind farms are one of the world’s fastest-growing energy sources which has the opportunity to replace traditional energy sources," it said.

According to the group, the acquisition of EPPL will boost its sustainable and recurring income streams from the first quarter of this year.

In the statement, Coastal Contracts executive chairman Ng Chin Heng said the venture will strengthen the order book of its chartering division.

"We believe that there are great future growth prospects for the wind farm renewable energy sector as liftboats are the most preferred and cost effective options for installation and maintenance of offshore wind farms, which shall continue to be a big part of the world’s renewable energy transition.

"With our current strong balance sheet, we are looking forward to capitalise on more acquisition opportunities with quicker paybacks; we believe that the value of some offshore assets has emerged," he said.

Trading of Coastal Contracts shares were halted from 9am to 10am today, it said in a separate announcement. The stock last closed at 68 sen, giving it a valuation of RM356.26 million.
02/02/2021 1:45 PM
vivabursa Back to glory oil companies...
18/02/2021 11:43 AM
lloydlim Coastal Contracts: In joint venture to undertake Mexico gas sweetening plant project.
19/02/2021 8:10 PM
Dangel Successfully breakout! More to go!
21/02/2021 11:21 AM
Joo1818 waiting for breakout. Had been going lower after the last qtr results announcements. High expectations in view of the recent announcement
05/03/2021 9:55 AM
dompeilee dompeilee Chased some Coastal @ 68.5c this morning
04/12/2020 2:14 PM

SOLD 2/3 of my Coastal @ 82c
09/03/2021 9:39 AM
Joo1818 Broke 82 sen base & should be heading upwards
17/03/2021 6:16 PM
inikalilah888 88 sen also broke
18/03/2021 9:18 AM
The St. Goreng kasi broke RM1 saja. haha
18/03/2021 9:25 AM
inikalilah888 jangan 1 day show saje, hahahaha
18/03/2021 9:32 AM
Davidl Uptrend jz begins! Time to shoot up!
18/03/2021 10:16 AM
Always Go Big Tp Rm1
18/03/2021 11:40 AM
The St. Goreng ok la 52w high ady; need more momentum
18/03/2021 1:07 PM
lloydlim Breakout today, surely more to go!
18/03/2021 1:42 PM
Joo1818 UCITS remained the 2nd largest shareholder after Ng Chin Heng. Their combined interest were more than 50%.
18/03/2021 8:19 PM
Joo1818 Consolidating for a month. Time to push.
01/04/2021 5:54 PM
Joo1818 Time to push since so many principal officers had expressed interest in dealing with the shares pending the announcement of co's financial report for period ended 31 Mar 2021?
26/04/2021 6:12 PM
Joo1818 Principal officers had expressed interest in dealing with the shares pending the announcement of co's financial report for period ended 31 Mar 2021, on 26 April. Is it a misleading aonnouncement as non bought any shares even up to announcement date except for Mr. Ng Chin Heng who bought 200,00 shares on 19 April.
27/05/2021 10:01 PM
lloydlim Time to accumulate!
28/05/2021 11:48 AM
TonsilBasher what happen to this counter?
10/06/2021 10:35 AM
lloydlim https://www.chinapress.com.my/?p=2547527
12/06/2021 1:22 PM


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