Posted by tonylim > 2014-03-20 19:32 | Report Abuse

Wa lau.. very volatile. Good for traders

Posted by calow1 > 2014-03-21 15:34 | Report Abuse

A lot of sell volume n really like no buyer. But price is hold up at 4.98/99. Y ah?

Posted by OptimusX > 2014-03-21 17:46 | Report Abuse

chi pet stock

Posted by Overweight > 2014-03-26 08:48 | Report Abuse

COASTAL CONTRACTS BHD

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities? No
Types of corporate proposal Private Placement
Details of corporate proposal PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF COASTAL CONTRACTS BHD
No. of shares issued under this corporate proposal 48,306,933
Issue price per share ($$) MYR 4.300
Par Value ($$) MYR 0.200
Latest issued and paid up share capital after the above corporate proposal in the following

Units 531,386,166
Currency MYR 106,277,233.200
Listing Date 26/03/2014

Remarks :
The issued and paid up share capital is after excluding treasury shares of 210,000 shares.

Posted by hanghang > 2014-03-26 15:20 | Report Abuse

Yesterday, Coastal Contracts (COASTAL) announced
the completion of its private placement exercise.

Posted by chinesetea > 2014-03-26 19:40 | Report Abuse

Wow, that's quick. The uptake shows the confidence of investor. Now waiting for the next batch of PP and the push!!

Posted by chinesetea > 2014-03-28 01:59 | Report Abuse

目标价：5.24令吉
最新进展
沿海工程（COASTAL，5071，主板工业产品股）日前宣布，完成私下配售活动，扩大缴足资本至5亿3140万令吉。
行家建议
虽然沿海工程2014至2015财年的每股盈利，将因私下配售新股而被稀释9.1%，但我们相信，在强劲盈利增长前景下，每股盈利会很快恢复原来水平。
此外，由于沿海工程是净现金公司，所以，上述活动将进一步巩固账目。
至于造船业务前景，该公司现有订单为12亿至13亿令吉，但净赚幅却在2012财年开始，回落至15%至25%的正常水平。
无论如何，我们认为该业绩前景尚算光明。
另外，随着沿海工程首台自钻式钻井平台将在6月收到，公司正式迈向成为资产主人，脱离纯建造-转售经营模式。
根据我们的调查，东南亚在2013至2015年，约有40份自钻式钻井平台需要更新，料沿海工程会积极争取。
我们决定维持“超越大市”评级，但2015年本益比维持14倍不变，目标价下调至5.24令吉。

Posted by sasopi87 > 2014-03-28 19:49 | Report Abuse

http://www.theedgemalaysia.com/business-news/282595-coastal-contracts-secures-rm178m-vessels-sales.html

Posted by chinesetea > 2014-03-28 19:53 | Report Abuse

Wow, Monday limit up. Thanks for sharing

Posted by Overweight > 2014-03-28 20:29 | Report Abuse

Thanks for sharing, new uptrend wave coming next week
contract = catalyst

Posted by Melaos > 2014-03-28 23:37 | Report Abuse

wah can still fly higher?

Posted by chinesetea > 2014-03-28 23:43 | Report Abuse

Sure. Go and study what happen to the price in last announcement. :-) huatx3

Posted by paksawa > 2014-03-31 08:13 | Report Abuse

KUALA LUMPUR (March 31): RHB Research has maintained its Buy rating on Coastral Contracts Bhd with a higher fair value of RM5.57 after Coastal Contracts secured orders totaling RM178 million for five vessels that are slated for delivery in FY14 and FY15, bringing its total orderbook to RM2.44 billion.

In a note Monday, the research house said it was revising its FY14/FY15 earnings forecasts for Coastal Contracts as it assumed a higher FY14 profit margin, lower ASP per vessel in FY15, and start-up costs relating to Pemex’s jack-up (JU) gas compression unit in 2HFY15.

“Buy, with a higher SOP-based fair value of RM5.57,” it said.

Posted by Overweight > 2014-03-31 09:15 | Report Abuse

Absolutely good news for coastal, the fair value from RHB still quite conservative, for me the fair value should inline with those O&G at minimum 20x per PE or 6.62 as my coming target in very short coming time. anywhere along with new contract awarded, more researcher will revise their target soon.

Posted by butter_will_fly > 2014-03-31 09:17 | Report Abuse

This week might retest 5.00 resistance again. Hopefully it can stand firm above 5.00! Good luck to all COASTAL investors!

Posted by Overweight > 2014-03-31 10:02 | Report Abuse

Next... from Kenanga.

http://klse.i3investor.com/blogs/kenangaresearch/49247.jsp

Rating Maintain OUTPERFORM

Valuation Our new estimates increase our target price to RM5.94 (from RM5.24 previously) based on an unchanged 14x PER, which is above the stock’s historical average valuations. However, we believe this is justifiable as it is moving into asset ownership business model (versus just depending on vessel sales).

Posted by Overweight > 2014-03-31 15:29 | Report Abuse

This coastal really react slow every time when good new announced, just wanted to give surprise when people think it cannot perform it. seems new wave kick started should just hold tight and watch the good show.

Posted by rchi > 2014-03-31 17:50 | Report Abuse

very nice close...prepare for d show tmr.

Posted by chinesetea > 2014-03-31 17:53 | Report Abuse

That's why I like this counter. Rise 0.14 and only few people are discussing here. Let it rise quietly to the target

Posted by listen_to_me > 2014-04-01 11:05 | Report Abuse

@chinesetea> Its simply because 0.14 is nothing compared to what people like us are expecting =)

Posted by Overweight > 2014-04-01 16:13 | Report Abuse

great to see the volume enlarged and believed this just beginning, time to top up some warrant (^_^)

Posted by Overweight > 2014-04-04 19:13 | Report Abuse

long term investment , just hold tight only

Posted by paksawa > 2014-04-14 16:01 | Report Abuse

Let's sleep first before the next ride

Posted by lai81533 > 2014-04-19 20:43 | Report Abuse

good counter. will be exepeted togo up rm5.55

Posted by paksawa > 2014-04-22 15:49 | Report Abuse

Should I wake up from the sleep and keep watch of the counter?

Posted by Overweight > 2014-04-25 08:19 | Report Abuse

Why many directors informed their intention to deal in the Company’s securities during the closed period?

this only have so little share holding...Hmm.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1602533

Posted by addylee > 2014-04-25 20:24 | Report Abuse

i think for coastal, u got to hold until end of 2nd quarter when bulk of contract will be announced ..

Posted by arthursun > 2014-05-02 10:51 | Report Abuse

Yup yup. Collecting some warrants now. Old contracts already materialised. My friend working in there said got 6 months bonus! I was like "woah".. jaw dropping and saliva dripping good. Hahaha

Posted by Overweight > 2014-05-05 09:18 | Report Abuse

Wow...really good rewards to employee, hopefully the look of satisfaction on coming q result.

Posted by paksawa > 2014-05-07 17:03 | Report Abuse

Zzzzzzzzzzz .....zzzzz

Posted by Secret_Investor > 2014-05-14 16:18 | Report Abuse

sell offffff buying time ^^

Posted by Overweight > 2014-05-14 16:24 | Report Abuse

just sold my warrant and accumulated more mother share :)

Posted by unemployed > 2014-05-14 16:51 | Report Abuse

Aware of any reason for sell off?

Posted by Overweight > 2014-05-14 17:03 | Report Abuse

maybe people like to selling May but for me is great opportunity to accumulate more mother shares. if you know the fundamental well of this stock then nothing to worry about.

Posted by Secret_Investor > 2014-05-15 08:51 | Report Abuse

buy buy @ 4.68!

Posted by snaw198 > 2014-05-19 11:43 | Report Abuse

price down again...is it still good to buy?

Posted by queenmay > 2014-05-28 07:50 |

Post removed.Why?

Posted by walawalabingbang > 2014-05-29 15:26 | Report Abuse

entry 10,000...forecast to get profit

Posted by addylee > 2014-05-29 19:32 | Report Abuse

net profit improved compared to the corresponding period.. a long term stock

Posted by byonghock > 2014-05-29 19:51 | Report Abuse

I tried to buy at rm4.68 3 days ago but unable to get.only 10lots done that day

Posted by byonghock > 2014-05-29 19:54 | Report Abuse

now the price has gone up to rm4.91. when more projects are announced next few months.I believe the price will shoot up to rm 5.50

Posted by Overweight > 2014-05-30 09:02 | Report Abuse

current result shown very encourage, very good earning prospect on coming quarter and stronger in its balance sheet, great performance as compared to other O&G peer. next anticipation will focus on its update of jack-up rig, hopefully would able to secure some contract and progress details.

Posted by Overweight > 2014-06-05 16:42 | Report Abuse

wow! the warrant only trading at 8 sen premium now.

Posted by famwhaiyun > 2014-06-11 15:58 | Report Abuse

a big drop

Posted by kent98 > 2014-06-11 16:30 | Report Abuse

What happen? Something bad happen? Or is it opportunity to accumulate more?

Posted by L. C. Chong > 2014-06-15 08:01 | Report Abuse

COASTAL Analysis - http://lcchong.wordpress.com/2014/06/15/coastalfundamental-analysis-15-jun-2014/

Posted by calow1 > 2014-06-15 22:21 | Report Abuse

LC Chong - why the price is 2.22? I thought coastal is trading at RM4.70?

Posted by Overweight > 2014-06-18 20:08 | Report Abuse

Wow! Bagged another big contracts, really outstanding performance.

11/12/2013 Coastal Contracts Bhd (“Coastal” or “Company”) – Vessel Sales Worth Approximately RM148 Million

10/02/2014 Coastal Contracts Bhd (“Coastal” or “Company”) – Charter Contract Worth Approximately RM1.24 Billion

28/03/2014 Coastal Contracts Bhd (“Coastal” or “Company”) – Vessel Sales Worth Approximately RM178 Million

18/06/2014 Coastal Contracts Bhd ("Coastal" or "Company") - Vessel Sales Worth Approximately RM180 Million

***order book for shipbuilder now at RM2.4 Billion

Posted by Overweight > 2014-06-24 11:10 | Report Abuse

finally seen some movement after contract won, looking forward more fierce movement kick in afternoon session.

Posted by Overweight > 2014-06-24 15:08 | Report Abuse

WA trading some premium less than 10 cents, son ...time to keep up!