such lucrative business with PE just less than 6....buy.

upcoming quarter result released soon on next week Monday or Tuesday, very confident it will be achieved another stellar performance, the current strong cash position and the among of long term contract in hand, the company will definitely survey in the event of any crisis and would more resilience than other companies.

slowly but surely, buy.

more fierce rebounds coming, still huge discount gaps.

such good price...buy quietly

haha...EPF sure known something before news release and pressing the price for their own objective but they better hiding below 5% state holding lah.

***TA might wrong and bluff you but FA cannot goes too wrong :)

just secured another awesome contract, such strong performance just qualifying for this conservative RM6 target? hehe.

OTHERS Coastal Contracts Bhd ("Coastal" or "Company") - Vessel Sales Worth Approximately RM444 Million

COASTAL CONTRACTS BHD

Type Announcement
Subject OTHERS
Description Coastal Contracts Bhd ("Coastal" or "Company") - Vessel Sales Worth Approximately RM444 Million

Coastal is pleased to announce that its wholly-owned subsidiaries have secured contracts for the sales of seven units Offshore Support Vessels for an aggregate value of approximately RM444 million.

Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 26 September 2014, Coastal Group has about RM1.4 billion worth of vessels sales orders awaiting delivery to customers up to 2015.

The revenue stream from the latest contracts is expected to contribute positively to the earnings per share and net assets per share of Coastal Group for the financial years ending 31 December 2014 and 31 December 2015.

None of the directors and/or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transactions.

share buy back was triggered between 5.07~5.12 months ago why not kick in this price, what's the objective behind? they might not happy why retail players still holding this stock.

Just bought another 20 lots, thanks EPF for the action

I'm pretty optimistic on this although the price stagnant long time at this level.

buy!

http://www.themalaysianinsider.com/business/article/coastal-contracts-aims-big-in-og-upstream-segment

Coastal Contracts: Aims big. Targets doubling of market value to MYR5b with O&G upstream expansion. Sandakan-based shipbuilder and offshore support vessels operator Coastal Contracts is extending its participation in the oil and gas upstream segment and hopes to have its market capitalization doubled to at least MYR5b within the next five years. (Source: The Edge Financial Daily)

already seen some rebound ahead, good.

very good!

Hmm...big shark eating small fish, better be careful for those desperate seller

The 10% private placement issue seems not diluted much in EPS because of strong revenue growth. but that strengthen company cash position and lower debts.

Very strong balance sheet, lets relax and see how expert IB reports.

Agreed. this this definite an undervalued stock with well earning capability.

EPF just on board becomes major shareholder.

not bad but still lagging behind, need more support to move forward :)

I'm investing this base on its fundamental, many positive news and target spreading around for coastal and this proven confident and future prospect of the company, mother price may sustaining at RM5.40 by end of trading and short term target should set around Rm6.50, also very anticipating more update on its Jack-up rig progress.

I'm still accumulating especially the warrant

looks like nobody keen about this sleeping giant.

Coastal and Deleum both my O&G top investment, Coastal already outbreak and next should be Deleum.

Oil & Gas - Roadshow feedback

Author: kltrader | Publish date: Mon, 4 Aug 09:36

RAPID, rigs, Indonesian OSVs and build-to-stock (BTS) risk- reward were highlights during our marketing trip.

South China Sea’s geopolitical risks, global capex cuts and rig oversupply were some of investors’ concerns.

Our key BUYs are KNM, Perdana Petroleum, Ezion and Nam Cheong.

What’s New
We met Malaysia, Singapore and Hong Kong fund managers in July. Discussions centred on: i) PETRONAS’ RAPID project; ii) the outlook for jack-up rigs, FPSOs, OSVs, shipyards and fabrication; and iii) fresh stock ideas.

What’s Our View
The RAPID theme generated strong interest in several O&G stocks. Indonesia-centric OSVs (which we have yet to cover) too received attention. However, there were mixed views on: i) the drilling market; and ii) our revised valuation methodologies for rigbuilders, coupled with their order-win momentum.

While institutional investors remained keen on the MY-SG O&G services sector, they were concerned about: i) rising political tensions in the South China Sea; ii) jack-up oversupply from new rigs entering the market and the rig replacement cycle; and iii) risks associated with the build-to-stock (BTS) model.

Stock wise, investors’ interests were mainly in Malaysia-listed KNM, Perdana Petroleum and UMW OG, and Singapore-listed Ezion, Nam Cheong and Vard. They were generally receptive of some of our new ideas in Malaysia like SILK and Coastal Contracts. Stocks not under our coverage — Pacific Radiance, PACC Offshore, Ezra, Logindo and Wintermar — were also discussed.

We remain overall positive on the O&G services sector. We like KNM for its direct exposure to RAPID. Securing RAPID projects would lift our earnings and target price by up to 50%. Getting the Peterborough waste-to-energy project off the ground in 4Q14 could drive further interest and re-rate the stock further.

Perdana Petroleum and Ezion are our top picks for OSV exposure, and UMW OG and Yinson for jack-up rigs and FPSOs respectively. Nam Cheong and Vard are our preferred stocks in shipbuilding. SILK and Coastal Contracts are interesting (both Not Rated), from the perspective of value and earnings growth potential.

Source: Maybank Research - 4 Aug 2014

big discount from warrant now.....kekeke :)
1.89+2.34 = 4.23 only!

Agreed with you Aero1, the price of MKH-WB look look very tempting.

Slow but steady...better than many speculation counters.

like a dead fish in a big pond...

good time to accumulate? those related stock soooo hot

OMG! very good performance today

If your like the dividend, Deleum has committed 50% payout ratio.

price stagnant for few months while other property stock already outbreak, really hopeless but will continue holding and monitoring, strongly believed of this can't goes too wrong.

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!

some profit taking from tiny player is normal, the stock should seem more steady uptrend until bonus/split ex-, and company share buy back already kick in, people still thinking price would still in retraction?

Any acquiring or corporate activities will added as catalyst for price movement, very well fundamental company with their lucrative business in O&G service, 3 dollar just a short term target, but long term and value investor will be rewarded such return.

Not many local company could building or achieving branding value to company, Bonia spending more than 10 years just to build this intangible asset, people out there could produce their fake provide, but cannot sell as Bonia, why? this value of branding...for me huge potential on its intangible asset and no regrets for people who buying and keeping long investment.

Buy coastal warrant, good discount and mother toward more up trend

Any target today? 2.45 :)

Huge volume queueing there act nothing, what are we waiting?

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

very good show, hopefully more good new unveiled soon....holding tight tight!

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).

big shark disposing the price will shoot up, I'm holding long term but just wondering how low could it be :)

please drop more!

I think who desperate sell yesterday have to buy back higher, this how market reshuffling...

huge volume transacted just now, hopefully some good show today.

the subsidiary's stock price, asset valuation, dividend and bonus all these would will beneficial to holding company for sure.

Kfima should benefits from Fimacorp, with beautiful gain of subsidiary price the valuation of kfima shown very potential and undervalued...weak market sentiment only.