Diworsefication is the name of the game

Alan Greenspan is coming.. :)

April sales maybe ZERO.

Read the below analyst report :

"No sales recorded for April 2020 as MCO was extended to 3rd May 2020. All the marques’ showrooms, vehicle productions and deliveries are temporarily closed, halted and delayed for the period of 18th March till 3rd May 2020.."

2Q sales down by how many %? 50?

March 2020 sold 8601 perodua
1Q sales down by 25.85 % YOY

English translation

" 3月销量只卖了8601辆perodua。。第一季的perodua销量按年下挫25.85%，volkswagen 42%，volvo 14%"

Copy and paste the comment from Bursa Screener

Big ticket item spending, people are very cautious. Now with Covid-19 no sight of effective treatment and vaccines, economy will be bad or deteriorate for the next 1 year, at least. No one except those in the government services, is sure of job security.

So, car sales should be down..

A lack lustre company with razor thin gross margin, with uninspiring track records..

tapdance,

When did the company invested in Capex and how much?

Nothing much shown from the Cash Flow on investment in the past 2 FY?

What are the significant investments in Capex?

自己学艺不精，就不好怪他人。

巴菲特现时都还找不到一个可以投资的企业。。马股却那么特别 ，可以投资了，世界没有萧条了，可以预期荣景将至？

Koyak case... Gone for the time being

https://m.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=2127&section=announcement

Insiders for guidance?

https://m.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=2127&section=announcement

Cunning boss

Coming Q huge inventory loss. 31st March 2020 oil price is far far below 31st Dec 2019, isn't it?

The concession asset is actually amortised over the concession period. It has already been accounted for in computing for the profits. The amortisation gone straight into the Cash Flow. More cash is generated, more than the net profit before Capex..

Port Concession is 30 years with an option of another 30 years extension. The obligation is for Suria Capital to spend rm 1.3 B Capex over the span of the concession. Up to 31.12.2019, already spent Capex rm1. 019 B

The concession asset will be handed over to Port of Sabah Authority at no cost at the end of the concession period. Almost missed this point.

Notes 18 4QFY19

Capital expenditures recognised as concession assets are to be handed over at no costs to
Sabah Ports Authority upon the expiry of the concession period.

Thanks Ivan

Land sales in 2015 for rm229 m still not paid? Still remained as receivable in the book? The property development takes ages to take off the ground? Has it? How long is the waiting time to cash in the 18% share, total rm315 million, plus the receivable of rm229 M, total rm544M?

Cash Flow from the ports operation mainly dumped back as Capex for Ports Development? Development of the Cruise Terminal needs hundreds of millions. Is it a viable project? What are the returns?

Would the Sabah Govt agree with the increase in tariff which will raise imported costs and dampen export profits during the current economic recession?

I am hesitating...

Any sifu can help?

Urusharta Jemaah must be switching counter. Holding 12 years also lost money. Now everything down, is it a good opportunity for it to switch camp?

https://m.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5071&section=announcement

SAMARANG UCITS - SAMARANG ASIAN PROSPERITY

This is the 2nd largest shareholder, apart from the owners who are family members.

Keep accumulating

Not conclusive article. Just a very generalised statement. Neither here nor there. Today's Growth stocks, tomorrow can turn to shit after changes in macro economy. Just identifying the said Growth Stocks and high dividend stock would not be the same again. Historical records would not be valid as references as drastic disruptions are happening...

So fast up and alive and kicking

NTA RM 2.25
Correction

thesteward

Agree with you.

As of 31st Dec, Cash and short term investment (money market) total rm510 milion. Borrowings, mainly long term for the JUGCSU project, rm 260 million. Net Cash Rm250 million or 47 cent per share.

NTA RM2. 52 per share.

Management very experienced and hands on, I believe.

Do you know the management well or have met them or attended AGM?

Thank you.

When oil price goes up to 60 to 70 usd per barrel, then it will be meaningful to Coastal because then the Ship Building Division will have new orders when those oil companies replacing their old vessels. Coastal will then be able to return to those glory days..

@61.5 cent, MC is rm320 Million. Net Cash Rm250. Rm70 million take the company away with a fleets of OSV and the long term charter of the JUGCSU. JUGCSU can make Rm30-RM40 net a year..

Just JUGCSU's profit, Pay back for the RM70 million is only 2 years.

selling is insane

Samarang Ucits - Samarang Asian Prosperity
Fund accumulated and increased its shareholdings in Coastal from 5.014 %
(26,445,000 shares) on 1st June 2018 to 8.757% (46,168,100 shares) as of 22nd April 2020. An increase of 19,722,100 shares. And is still buying as of 21st April 2020

Coastal Contracts is controlled by Ng’s family with Mr Ng Chin Heng as the principal founder with about 60% share holdings.

From July 2018 till end of 2019, the CEO of Coastal Contracts, Mr. Ng Chin Heng and his wife have been buying up a total of 5.5m shares of Coastal at an average price of 96 sen

Total positive FREE CASH FLOW for the last 3 years total RM225+ Million

Positive Free Cash Flow for 1H2020 (1.7.19-31.12.19) is RM40+ Million

AR2019 PAGE 19

Review of Operating Activities

The signs of increasing upstream activities in the O & G value chain and improved charter rates will provide a good opportunity
for the Group’s Vessel Chartering Division as there would be more demand for vessel chartering in the market.
The low and volatile oil price is expected to have a lesser impact on the Chartering Division given that a long term charter
contract has been secured for its JUGCSU which has marked its third year anniversary since the unit achieved its first gas in
August 2016. The unit has continued to contribute positively to the Group’s earnings during the current financial year. During
the FY2019, the Group secured several charter contracts for its offshore support vessels and other vessel in Asia and Middle
East waters, which has contributed positively to its earnings for FY2019 and subsequent financial years.

LOW AND VOLATILE OIL PRICE IS EXPECTED TO HAVE LESSER IMPACT ON THE CHARTERING DIVISION GIVEN THAT A LONG TERM CHARTER CONTRACT HAS BEEN SECURED FOR ITS JAGCSU....

Strong Cash Flow Company

Cash flows of Coastal
Year 2019 2018 2017 2016* 2014 2013 2012 2011 2010 2009 2008 Average Sum
CFFO 172300 48756 33220 206248 8954 117366 89480 59314 131819 30883 73955 88390 972295
Capital expenses -27031 -1438 -243 -600071 -120479 -12266 -935 -2422 -11359 -6918 -36538 -74518 -819700
FCF 145269 47318 32977 -393823 -111525 105100 88545 56892 120460 23965 37417 13872 152595
FCF/Revenue 93% 30% 8% -20% -13% 14% 12% 8% 18% 5% 11% 15%
FCF/IC 14% 4% 2% -23% -11% 15% 14% 9% 24% 5% 12% 6%

As of 31st Dec 2019,
Coastal Contracts has a NET cash plus short term investments (less all borrowings) of about RM250 million, about 47 cent per share..

Samarang Ucits - Samarang Asian Prosperity
Fund accumulated and increased its shareholdings in Coastal from 5.014 %
(26,445,000 shares) on 1st June 2018 to 8.757% (46,168,100 shares) as of today.

Share buy back resumed on 27th February 2020 at price of rm1.13, since it last stopped on 24th Jan 2017. Total Treasury Shares then was 4,196, 800.

Now as of 22nd April, 2020, the total Treasury Shares is 8,245,800.

Bought Back a total of 4,049,000 shares in the period 27-02-2020 to 22-04-2020

COASTAL Shareholding Changes
Date of change Shares Director/
Substantial Shareholder
21 Apr 2020 Acquired
431,200 Samarang Ucits - Samarang Asian Prosperity
30 Mar 2020 Acquired
180,600 Samarang Ucits - Samarang Asian Prosperity
27 Mar 2020 Acquired
364,600 Samarang Ucits - Samarang Asian Prosperity
26 Mar 2020 Acquired
23,600 Samarang Ucits - Samarang Asian Prosperity
23 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
20 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
19 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
18 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
17 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
16 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity


CONSISTENT BUY BY THE BIGGEST FUND MANAGER /SHAREHOLDERS APART FROM THE OWNERS

2011 bought the forest land with timber concession with rm260 million cash, till today no action taken on the asset.

Expenses to sell this 25% for RM41. 75M, is a whopping rm9M +, 20+%!!

Already said going to buy land with the sales proceed, not to be injected as equity of the power plant meant going to exit the power plant business altogether....

Selling the 25 % PIPP to Repco announced today. Exiting Power Plant business. Karlos is right.

Game over for the power business.

Bye

https://www.theedgemarkets.com/article/coastal-contracts-aims-big
A Big Dream in 2014..

Would it be realised? :)

Net cash per share as of 31st Dec 2019 is 47 cents, NTA rm 2.25

Coastal's long term charter of JUGCSU to Pemex, till 2024 plus another 4 years till 2028, each year estimated Revenue of Rm150 million with Gross profit of about 55 %, can net about rm40 millions each year. It generates strong and stable cash flow to the company..cash flow is the sum of net profit plus non cash item (depreciation and amortisation).

Upon upturn of this oil price slump, ship building business would be revived as many of the existing OSV are already old enough since the last downturn in oil price in 2014.. Reactivation of the existing fleet of OSV not only is costly but it would not be acceptable to the O&G MNC who will prefer a newer fleet..

After FIL, now Tabung Haji again... :(

Please do not delete postings

Look at the Candle Stick Spinning Top.. After a rise become uncertained... and last Friday closed 1 sen lower than opening, was a bearish Spinning Top... Most of the Spinning Top will follow with a correction downward...

If you don't know, go and Google lah...

How old are you now? Since you never heard of Spinning Top, I think you must be quite new in the market.

https://www.theedgemarkets.com/article/power-root-expecting-better-growth-new-strategies

75 % sales in China are done online.

Exciting huge market, China presents opportunities up to one's imagination.

If today conclude with a red candle, then gg

Go and Google lah

Candle Stick Spinning Top also don't know!

Sales up as people stocking up groceries and hoarding daily necessities like coffee and tea.

Average household expenditure on food and beverage (non alcoholic) is Rm924 during MCO as compared to rm726 Pre-MC0

Source : The Edge Malaysia April 13,2020, DOSM, CGS-CIMB RESEARCH.

Last Friday formed a Spinning Top, likely to trend down

For the past 4 weeks, Power root is allowed to operate at 50%