It expected continue going up & don't worry it drop, it just for certain period & confidence it will going up very fast after a small dropped, good chance to earn money !!! Wise investment....
Think it's time for us to pick up some Coastal & son CA too. Son CA buying support is at a high of 67%. Coastal still got good support today too. TP of $3 is very tempting indeed.
Brother chia12122, even a TP of $2.50 is good enough for me. Just look at it's excellent EPS & it's giving excellent dividends too. PERatio is a wonderful low around 4...what else can we ask for. Think it's starting to move already....hope tomorrow it moves to higher ground too.
Today European & US market are in the positive territory & we may see Coastal & son CA move higher....so stay with it. So bull coming before the Chinese New Year?
Be careful brother danielgoh, please don't allow me to take you to Holland..hee, hee, hee. Hopefully it does not happen and we both hope to make some angpow too.
Dinpolo: do u know, the main keypoint for trading? the timing...its means buy at rite time, not buy when poeple are selling. if u watch the chart u will know when the rite time to enter. from 3month its play around 1.80 to 1.95....so do u think its good to enter at 1.95? unless it break resistance level above rm2 then it will be good buy now...but fot me collcet around 1.80 may much safer
Brother Adam Ryan, next month quarter report will be out. So maybe a interim TE dividend of about 27% for Coastal as like last year. Yes, in March this year Coastal should be giving a dividend as usual...correct me if I am wrong please. So how to go down to $1.80 but going up to $2.00++? ...hee, hee, hee
Coastal profit last year for 9 months is at $140 million, EPS 29 cents, NTA $1.50, PERatio is a low at 5 & dividend 26 cents[incluing free warrants & bonus]...so how far can this counter go?....correct me if I am wrong please...thank you.
And coming February report is the final report for 2011.....so expect profit for year 2011 at $200 million?.....now you all buy or not?...hee, hee, hee
Chong: fren different people different opinion. i just what i think. if as investor if it has gud fundamental it will break resistance level at 2.00....gudluck...
Please see what OSK wrote on Coastal...so keep for mid or long term or ????
OUR TAKE Positive, but no change to our FY11-12 earnings forecasts. This is because we had earlier factored in some orderbook replenishment for the company.
Orderbook bloats to RM610m. This amount is expected to keep the company busy for the next 1-2 years.
Still a potential merger and acquisition (M&A) target. Although the flow of M&A news has come to a trickle, especially since the European debt crisis worsened, we still believe that the possibility of Coastal being an M&A target will resurface in the coming months. Our view is premised on 3 factors: i) the stock’s valuation is attractive, which increases Coastal’s appeal as a takeover target, ii) it has a strategic asset in its 100-acre shipbuilding yard, which can be converted into an O&G facility for fabrication or even to carry out repair and maintenance jobs, and iii) this yard is located in Sandakan, Sabah where most of the deepwater activities would be centered in the future. A deepwater story for 2013. We believe that 2012 would still be a year for marginal oilfields but looking beyond that, we see the theme for 2013 to be one of deepwater activities, especially with the Gemusut deepwater O&G field expected to be ready for production by then. By that time, the Malikai O&G field should also be set for production, with most of these activities centered on Sabah state. This will provide the impetus to convert Coastal’s yard into a fabrication or repair and maintenance yard as this makes great business sense from the timeliness and cost viewpoint.
Maintain Buy. Our fair value for Coastal remains unchanged at RM3.00, based on the existing PER of 7x FY12 earnings.
Chong is gud funmental based analysist...i have folow him benalec before..2x profit taking.....if u want to invest for long term in gud fundemnatl company, u can ask him then u all can decide...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wendyyap
1 posts
Posted by wendyyap > 2011-04-30 22:17 | Report Abuse
It expected continue going up & don't worry it drop, it just for certain period & confidence it will going up very fast after a small dropped, good chance to earn money !!! Wise investment....