bought back 20,000 units at 1.74

1.86 level traded 1.726 mil shares only ....how come can sold 2m shares
hahahahaha

Citadel123

sold another 2mil units at 1.86

sold another IPO 55,000 units at 1.85...

sold IPO 25,000 units at 1.81....Tq farm fresh

Possible ....wait for 5 years

me073194 TP RM15
18/02/2022 3:46 PM

TP RM3!!!!

just bought 88,000 units at 0.87

just bought 38,800 unit at 0.90

accumulated 820,100 units in my share account ...ave cost 0.828

Datuk_Ma 60k unit only dont show off here lah, i bough 500k unit at 0.85 also dint say anything
16/02/2022 6:07 PM

just bought 60,000 units at 0.89

just bought 35,000 units at 0.86

just bought 50,000 units at 0.845 - 0.85

ave down and bought 80,000 units at 0.805 yesterday

keep accumulating!!

sell to me....im coming

just bought 30,000 units at 0.85

just bought 20,000 unit at 0.845

bought 50,000 units at 0.79-0.815

Target Price
RM2.36

Still In the Middle of Growth Path

Reiterate Buy call on the company with TP lifted to RM2.36 from RM1.76 after lifting FY22-24F earnings by factoring in EPCC profits (in FY22 particularly) coupled with higher margins assumed for Papan plant project while pegged to 12x P/E. We understand more about Papan plant project and obtained a clearer picture from EPCC profits potential (on separate related infrastructure works to be done for Pemex) and O&M for the plant. Beyond this, we believe there is more potential for more growth as Pemex is looking to build another gas conditioning plant (Ixachi plant). Armored with net cash war chest, we believe it possess more room for 2 more projects in the medium term.

Papan project contribution larger than earlier expected
Following the call with management, we have gathered that the total profit contribution from recently secured Papan project (RM4.5bn including EPC for related infrastructure which would not be owned by the company) is larger than we have earlier assumed. During the construction period of the plant, the group would recognise EPCC profit in 2HFY22 as the work is additional job to be executed for Pemex on top of the Papan plant. Upon completion, we reckon the asset would contribution RM120-200m of EBITDA per annum depending on actual gas production and the group’s downside is protected by minimum take or pay clause.
Ixachi field by Pemex presents huge opportunities to be tapped into
Coastal Contracts already has gas sweetener plant and Papan plant in hand servicing the Izaxhi field in Mexico owned by Pemex. Management has mentioned that Pemex will invest US$6.4bn to develop the field and expects peak production of 144,000 bbls/day condensates and 1100mmcfd gas during the period of 2023--2026. Three major plants would be required by Pemex namely, Papan plant, Perdiz plant (gas sweetener plant) as well as Ixachi plant (gas conditioning). Ixachi plant project has yet to be awarded by we believe Coastal Contracts is in a good spot given that Pemex has entrusted them with 2 major plants.
Open to more offshore opportunities, balance sheet headroom still sufficient
Aside from the Mexican market, the group is also looking at several offshore project contracts (MOPU, mid-sized FPSOs) and might consider roping in a JV partner if project size is huge. With net cash balance sheet, we believe Coastal Contracts might still be able to take on two more projects without equity fund raising given offshore project is small-to-mid sized combined with Ixachi plant of which initial equity commitment might be favourable.

Maintain Buy
We have revised our FY22-23F earnings 42-22% as we factored in EPCC profit for Papan related infrastructure in FY22 followed by higher EBITDA margin assumed for Papan O&M starting FY23. As a result, our TP is lifted to RM2.36 from RM1.76) pegged to unchanged 12x CY22 P/E. We decided to price the stock above mean P/E as we intend to partially priced in its future prospect’s potential in offshore and Pemex related contracts. Reiterate Buy.

Source : KAF Equities Sdn Bhd

waiting for sale!!!! got 10 lots in hand

Huat ar!!!!!!!!!

bought RM11.38...nice

very positive!!!

https://www.theedgemarkets.com/article/rhb-ib-upgrades-alliance-bank-target-price-rm290


KUALA LUMPUR (Jan 21): RHB Investment Bank Bhd has upgraded Alliance Bank Malaysia Bhd (ABMB) to “Buy” at RM2.56 with a target price of RM2.90 and said asset quality is likely to stabilise in the upcoming quarter – though minor stresses can still be seen – and improve sequentially.

Titan.....you are welcome to suggest.
WHEN? waiting for you!!!

Titan...I want you to understand something. This approach will seem, on first blush, to be backwards.

Titan.....Cash & bank balances + Other investment = RM373 million/196 million share = RM1.90 per share

Waiting EPF to throw at 2.00.

Can All In!!! hahahaha

Cash per share RM1.85

TP RM3!!

Div yield 8.06%p.a....v.good investment

RM0.495!!! good job!

RM0.49!!! hahahaha

first TP : RM0.60

Bought some @ 0.48

Bought some @ 0.485

Bought some @ 0.49

expect dividend should be 2.00 per sen for 2Q

RUN!!!

RUN!!!

TP 1.00

TP1.50

RUN RUN !!!

run!!!

RUN!!!!!!

RUN!!!!!!!!

lowest 1.31

@wai Yoong....did you buy today?

RUN!!!!!