1) Net cash company $25.1m. Hence, release good dividend 10 cents and its dividend yield become 4.76%
2) Appreciate in USD will benefit to SHH. Rate at 30 Sept is 1USD=4.05RM, Rate at 31 December estimate at 1USD=4.20RM.,
Details look in article.

buy buy buy

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.

“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.

ya, thanks Pika Chan, kind and willing share the SUPER HIDDEN GEMS (FUTUTEC) to us.