COASTAL CONTRACTS BHD

KLSE (MYR): COASTAL (5071)

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Last Price

1.54

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


15 people like this.

3,436 comment(s). Last comment by Dehcomic01 2 months ago

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....

Posted by frankiefong88 > 2011-05-01 18:29 | Report Abuse

sure will going up very fast..yeah..just wait the time coming!!!!

Posted by Aem Rush > 2011-06-14 10:09 | Report Abuse

chart show Ascending Triangle for second time!! xD

sonnahar

25 posts

Posted by sonnahar > 2011-12-20 20:16 | Report Abuse

Take yr position guys

chia12122

21 posts

Posted by chia12122 > 2012-01-02 00:55 | Report Abuse

is good counter,earning yield is acceptable,but i think control by 30 major shareholder.

chong

3,074 posts

Posted by chong > 2012-01-10 17:25 | Report Abuse

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.

chia12122

21 posts

Posted by chia12122 > 2012-01-10 18:29 | Report Abuse

i agree with u but my tp is rm2.50 +or-

chong

3,074 posts

Posted by chong > 2012-01-10 19:01 | Report Abuse

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.

danielgoh

63 posts

Posted by danielgoh > 2012-01-10 19:28 | Report Abuse

Agree!

chong

3,074 posts

Posted by chong > 2012-01-10 19:40 | Report Abuse

Yes, brother danielgoh, it's EPS makes some banks malu indeed...hee, hee, hee

chong

3,074 posts

Posted by chong > 2012-01-11 02:34 | Report Abuse

Today most market are in the positive territory & we may see Coastal & son CA moves higher....so stay with it.

chong

3,074 posts

Posted by chong > 2012-01-11 02:36 | Report Abuse

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?

chong

3,074 posts

Posted by chong > 2012-01-11 16:07 | Report Abuse

Coastal & son CA, next coming?

Kl Vin

1,547 posts

Posted by Kl Vin > 2012-01-11 16:23 | Report Abuse

TP : RM2.40

danielgoh

63 posts

Posted by danielgoh > 2012-01-11 16:24 | Report Abuse

Brother Chong,can buy in coastal's son CA today?

chong

3,074 posts

Posted by chong > 2012-01-11 16:26 | Report Abuse

Yesterday & today too bought son CA brother danielgoh.

danielgoh

63 posts

Posted by danielgoh > 2012-01-11 16:43 | Report Abuse

Thks.I'll follow u.

chong

3,074 posts

Posted by chong > 2012-01-11 16:58 | Report Abuse

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.

danielgoh

63 posts

Posted by danielgoh > 2012-01-11 17:03 | Report Abuse

The bull is powerfull,we just wait and see loh.

Kent Lee

211 posts

Posted by Kent Lee > 2012-01-11 18:57 | Report Abuse

chong... i follow u k... but not to holland pls... haha

Adam Ryan

470 posts

Posted by Adam Ryan > 2012-01-11 23:14 | Report Abuse

this is not gud stock to hold....

danielgoh

63 posts

Posted by danielgoh > 2012-01-11 23:24 | Report Abuse

Brother Adam Ryan...how about trading sort term for this counter?Thks.

dinpolo

136 posts

Posted by dinpolo > 2012-01-11 23:48 | Report Abuse

bro Adam,how do u no this is not good stock,pls advise

Adam Ryan

470 posts

Posted by Adam Ryan > 2012-01-12 00:17 | Report Abuse

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

chong

3,074 posts

Posted by chong > 2012-01-12 02:42 | Report Abuse

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

chong

3,074 posts

Posted by chong > 2012-01-12 02:51 | Report Abuse

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.

chong

3,074 posts

Posted by chong > 2012-01-12 02:55 | Report Abuse

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

Adam Ryan

470 posts

Posted by Adam Ryan > 2012-01-12 03:19 | Report Abuse

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...

chong

3,074 posts

Posted by chong > 2012-01-12 03:28 | Report Abuse

Yes, brother Adam, no harm trying to buy if this counter is solid fundamentally....ha, ha, ha

chong

3,074 posts

Posted by chong > 2012-01-12 03:36 | Report Abuse

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.

Adam Ryan

470 posts

Posted by Adam Ryan > 2012-01-12 05:17 | Report Abuse

But OSK not always rite my fren, i will check confirmation to u asap....sunway still rising...what the miss...

danielgoh

63 posts

Posted by danielgoh > 2012-01-12 08:57 | Report Abuse

Brother Chong u r right.

chong

3,074 posts

Posted by chong > 2012-01-12 10:12 | Report Abuse

Coastal & son CA should be coming soon too.

danielgoh

63 posts

Posted by danielgoh > 2012-01-12 16:08 | Report Abuse

Chong:I think Coastal & son CA need to do more volume first...hopefully come before this CNY.

chong

3,074 posts

Posted by chong > 2012-01-12 16:11 | Report Abuse

yes, today low volume indeed.

danielgoh

63 posts

Posted by danielgoh > 2012-01-12 17:34 | Report Abuse

Brother Chong,u think Coastal & son CA will come before this CNY?

chong

3,074 posts

Posted by chong > 2012-01-12 17:36 | Report Abuse

Brother danielgoh, I do hope it will come too like I predicted for Tenaga & son CS to my friends about a month back.

chong

3,074 posts

Posted by chong > 2012-01-12 17:38 | Report Abuse

That time I told my friends to buy Tenaga CS at 6.5 to 7 cents & now it's 13 cents....so they all eat abalone lah.....hee, hee, hee

chong

3,074 posts

Posted by chong > 2012-01-12 17:39 | Report Abuse

Next month Coastal will present it's final quarter report, think it should be good from the look of it's past performance.

chong

3,074 posts

Posted by chong > 2012-01-12 17:40 | Report Abuse

Hopefully I don't lead you to Holland but to KFC land...ha, ha, ha

danielgoh

63 posts

Posted by danielgoh > 2012-01-12 18:05 | Report Abuse

Got it,thks.Hope can eat abalone also...hee,hee.

Frank Yue

17 posts

Posted by Frank Yue > 2012-01-12 20:19 | Report Abuse

Chong your comments is quite good, most of them are correct..haha

Kent Lee

211 posts

Posted by Kent Lee > 2012-01-12 20:53 | Report Abuse

hail master Chong

Adam Ryan

470 posts

Posted by Adam Ryan > 2012-01-13 00:17 | Report Abuse

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...

Frank Yue

17 posts

Posted by Frank Yue > 2012-01-13 07:28 | Report Abuse

Go go go Coastal....

sonnahar

25 posts

Posted by sonnahar > 2012-01-19 20:00 | Report Abuse

Nice jump today

Vivi Yap

271 posts

Posted by Vivi Yap > 2012-01-19 20:48 | Report Abuse

Wat is the tp

Posted by Siow Wei Sen > 2012-01-19 22:53 | Report Abuse

Let the profit run.

Chris

88 posts

Posted by Chris > 2012-01-19 23:01 | Report Abuse

good ahhh....... yeah

gankm

114 posts

Posted by gankm > 2012-01-19 23:11 | Report Abuse

still can buy tomorrow?

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