Posted by imari123 > 2015-08-14 15:38 | Report Abuse

i wonder how to get the avg price @ 1.95 from 2.80...bluff bluff bluff

Posted by goreng_goreng > 2015-08-14 15:58 | Report Abuse

yea, a bit exaggerated. unless he quadrupled or tripled his earlier bid.

Posted by heng1991 > 2015-08-14 16:07 | Report Abuse

or dumped all n buy back again? wow...

Posted by mukah > 2015-08-14 16:16 | Report Abuse

Listen to cariyoyo. He rarely comment but I believe he has some information on coastal like he did on mphb, ijm land and coastal before. He works for Goldman Sachs in Hong Kong

Posted by SniperElite > 2015-08-14 20:31 | Report Abuse

Like I said, it will get much worse before it gets any better. The current outlook is bleak with many economist predicting the World Crude Oil will dropped to US$30 a barrel, right now it is at US$42. It will take a while yet before O&G will recover but most predict it will stay or hover between US$60 to US$75 in the future...

Posted by Grace Cheong > 2015-08-14 21:05 | Report Abuse

may i know is coastal a o&g counter? im so depressed. hold at 2.70 and now is 1.84 and i lost almost 30% already. should i cut lost or hold it? im holding it becoz it is a cash rish and no debt company but at the same time keep on dropping like this is not good.
I invested quite alot in this stock and im very upset and lose hope now. can someone enlighten me plz?

Posted by kuengkucheng > 2015-08-14 21:43 | Report Abuse

it's mr market tell you what to do...

Posted by dongipas > 2015-08-14 21:51 | Report Abuse

cariyoyo came out with some good analysis on Coastal and I think he or she is right. cariyoyo corectly predicted IJM Land and appear to have useful information. I have bought into Coastal when I saw cariyoyo commenting again.

cariyoyo, you should write more

Posted by Grace Cheong > 2015-08-14 22:07 | Report Abuse

dongipas may i know how much u bought for coastal? Im so worried as im stucked at 2.75 now and losing in 5 figure already now

Posted by cola > 2015-08-14 22:16 | Report Abuse

My average cost is more than 3, and I will hold on to it. I may add more when market is more stabilized....

Posted by hockhuat > 2015-08-14 22:22 | Report Abuse

better cut loss now.....iran will pump another 600k barrel of oil into the market next year...all oil not gas will suffer...look at umwog....skpetro....alam....icon....all become penny stock...

Posted by 3stan > 2015-08-14 22:39 | Report Abuse

Cut loss now and wait to buy lower...greater purchasing power...could buy more units later on..if u see a train on course of collission with urs get iout of the track...wait till the train has gone and get back on track...

U all will die standing staying put...

Posted by Grace Cheong > 2015-08-14 22:54 | Report Abuse

when ure losing up to 5 figure, its not easy for u to cut loss.

Posted by Grace Cheong > 2015-08-14 23:00 | Report Abuse

cariyoyo u talked in logical sense, may i know what is your opinion for my situation? and do u know when is the quarter result out for coastal? thank u

Posted by YiStock > 2015-08-14 23:06 | Report Abuse

Grace, my opinion. Keep the stock if (1) the fundamental of the company has not change; (2) if u are not in urgent of using the money. Meanwhile, take the opportunity to learn up proper share investment basic. first via mr kcchong, then mr ooi teik bee. If u are quick and fast learner, sign up the courses simultaniously. In bursa, i only listen and learn from both of them. They are both excellence teacher. I learned great deal of things through them ONLY. About your coastal, if by then u completed the courses and u still have your coastal, u will fully undertood what u have been doing. Regardless of losing or winning money, u will learned. And certainly this experience will path your successful investment endevour in future. Final decision is yours. Good luck.

Posted by duitKWSPkita > 2015-08-14 23:17 | Report Abuse

Good evening YiStock...

wait for ur article until neck long another 45 cm ad.... pls la... fast fast feed us next article la.... neck very pain now

Posted by Grace Cheong > 2015-08-14 23:29 | Report Abuse

yistock thank u for ur reply but u still havent reply to my question. So you suggest me to keep holding it ? am i rite? Im holding it because to me coastal is a very cash rich company with no debt and the business is deal in usd provided now usd is so strong now. Am I right?

Posted by YiStock > 2015-08-14 23:35 | Report Abuse

Hi Duit, thanks for your kind support. Still havent finish analysing. But my focus are on technology, garment, plastic film and packaging, export fmcg, about 30 companies to study. Hopefully can find germ.

Posted by duitKWSPkita > 2015-08-14 23:37 | Report Abuse

YiStock......

thanks for ur reply..

I am focus on other variable but not lock on business sector....
ANyway I have faith in ur screening criteria..........

Posted by Grace Cheong > 2015-08-14 23:40 | Report Abuse

yistock what do u think bout coastal future?? can u give some opinion?

Posted by YiStock > 2015-08-15 00:05 | Report Abuse

Hi grace, costal has strong order book and have been my favourite stock since ooctober last year. They are two articles i wrote about coastal. U may take a look. Also look at bursa dummy article. His version always the most comprehensive one. When i look at a company fundamental, it includes the past + projected future. Coastal's past has been good. The prospect of future of o&g industry look bad. But will the bad future of o&g affect coastal? If yes, how long? I have no idea. Therefore, cannot tell u decisively whether to hold or to sell. I was giving a suggestion to use coastal as the case study when u taking up investment courses from the two gurus. With clarity, it give courage. I think that is what u are lacking.

Posted by Sapphire > 2015-08-15 00:40 | Report Abuse

高手怕不跌,新手怕下跌,老手怕不起。。。

Posted by Sapphire > 2015-08-15 00:40 | Report Abuse

Which one is u...?

Posted by 3stan > 2015-08-15 06:18 | Report Abuse

In a market like this panic reigns...with massive seling not oven yet the price could crash lower...could be another 50% - 75% lower than now...the option for me is to preserve any capital we could to survive another day...and buy back with greater purchasing power later on...

...O&G stocks r cyclical and in 2008 many were traded @ less than RM1-00...have patience and observe...

Posted by cariyoyo > 2015-08-15 06:21 | Report Abuse

Dear Grace Cheong,

Thank you for asking for my 2 cent worth on Coastal. I have gone through your comments and noted that you have bought Coastal at around RM2.70. At the current level of RM1.85, you have mentioned that your losses is 5 figures. I can then safely say that you have bought more than 50,000 shares. I am no charlatan to predict the market. No one could time the market. I can only base my opinion on fundamentals of the stock that you invested in.

Firstly, you must understand that Coastal is not directly involve in the O&G business. Coastal is a service provider to those directly involve in the O&G business. Coastal build and charter ships to them and provide jack rigs services to them too. Coastal business would be affected when these people are not doing well which is so at the moment as the price of crude oil is depressed. When the crude oil price is weak, these O&G biz players would spend less on explorations, upgrading of platforms, less chartering and of course cut down of OSV purchases. Hence, Coastal income or order book will be affected.

Secondly, we must try to understand the dynamics of crude oil price movement. Why it is low now compare to just 18 months ago? One of the most important factors is the supply-demand mis-match. At the time of this note, crude oil is trading at USD42.20 a barrel on West Texas Intermediate. Investors are currently very worried about China's oil demand. A weaker yuan makes imports of dollar priced crude oil more expensive. Therefore, they predict China may cut down oil intake and make the price further down.

Thirdly, we must agree that to a certain extent, the price of crude oil is controlled by two major powers i.e. US and Opec which is US controlled as well. They move things beyond our comprehension. But there is a reason of doing such thing and I certainly believe that it has to do with China and Russia.

Fourthly, OPEC and US would not bring down crude oil price below USD65 for too long as this would greatly hurt Russia and may ignite global political issues if Russia is hurt for too long. Or that matter, China as well.

As for Coastal, this company is managed by the Ng family who are very hands on. They have been into this biz since you are in school. Mr. Ng, who was just been recognized as one of the top 40 richest men in Malaysia recently, knows the biz so well that he sleeps with it. In short, management of Coastal is in safe hands. The company is buying up shares at RM2.25, 2.10 and even at 1.85. Normally, when the company is buying up its own shares, the price would stabilize. But it wasn't the case now and I suspect heavy selling by foreign funds.

Foreign funds are selling as our RM is weakening and some unresolved political issues. However, I believe that these foreign funds will move in strongly once RM is stabilized. After all, the price of Coastal has gone down so much.

My take is that Coastal will be RM2.50 within the next three months. On a longer term, it should be RM3.50.

This stock is very well covered by analysts like Kenanga, RHB, Templeton and Mcquarie.

Posted by tc88 > 2015-08-15 14:04 | Report Abuse

What will happen if oil price drop to around 30 from current 42? Guess Coastal will below RM1.5

Posted by Grace Cheong > 2015-08-15 15:28 | Report Abuse

First of all, I would love to thank to dear Yistock and Cariyoyo.Both of you did give very good explanation to me about coastal and I did read the blog post by Yistock too, it helped me understand more about coastal. Thank you for your wise words.
Dear Cariyoyo, I read about your comment and you are right I have bought more than 50,000 shares of coastal and Im very worried as it has dropped more than 30% in my portfolioa and I dont even know should I cut loss or continue holding. Its like hard earn money being washed away by few K and few K day by day and this is very heart wrenching and I admit Im quite emotional everyday seeing the price dropping like this together with the rumours/ news spreading that the oil price will fall to 30usd per barrel and this makes me worried more.
Im unlucky as Im entered at wrong timing at wrong price. But I dont wish to cut loss coz I still have confident towards Coastal as I know how strong the company fundamental , how cash rich is the company and basically no debt.
But right now, looking at the share price, I started to suspect my judgement to this company.
For example, last thursday when bursa index was green and other O&G counters are up ,such as ( skpetro, perisai, dayang...) were green but only Coastal was in red sea and dropping. And I was wondering why.
And I have no idea and have totally no confident with our RM as it is free fall now, and no Peg action seems to be going on. So yea... its alot of question mark in my head.
But I read through your post and I do really think coastal is a really good company.
Meanwhile, do you Cariyoyo has invest in coastal as well ?

Posted by Grace Cheong > 2015-08-15 15:28 | Report Abuse

Btw, normally Second interim dividend will be announced on august rite?

Posted by tc88 > 2015-08-15 17:48 | Report Abuse

with order book depleting, is cash rich can support the price well? I dont think so............

Posted by Jeffbkt > 2015-08-15 19:01 | Report Abuse

Hi Grace, when you invest in a stock market, you must always make sure whether you are going for a long term investment or just a short term investment. If long term, you must make sure that you invest in a very good FA company but again you must also make sure that you are ready to buy more when the share price decline in a bear market as it make the valuation of the company more attractive. In order to do so, you must have a very good capital management. You seems to buy 50 lot of Coastal at one go which is not a good strategy when invest in a long term counter unless you have another 50lot equivalent of cash in hand.
If you are going for a short term investment, then make sure at least you cut half of your holding when the share price retrace > 6-8% or if you know how to read chart then sell after the strong support line to reduce the risk.
Now we are in the bear market, assuming if you only invest half of your capital previously and you want to hold this company for long term, you can now top up at the next support line around 1.60 as though that you are using the same amount of money to invest. For example, if previously you invest 50k which is 20 lot at 2.50 ( assume no fee), at 1.60 you should be able to buy 31 lot. So now you have 20 lot, you then top up another 11 lot. If market rebound you need to do the reverse and take back some of the capital in a case the market continue to drop.
Problem with most of he retailer is that everyone just thinking of earning big and throw in all the money at one go. They never think of what to do if share price decline or market crash. Long term strategy is always buy progressively when valuation is attractive not aggressively. Moreover, I will always prefer to invest in a company with DY > 3% for long term holding at least it is better than put my cash in the bank.
To be honours, I am starting to accumulate coastal now and will continue to buy at each support level. I will only sell if the company FA deteriorated. At this price, the DY now is > 4%.

If you really cannot sleep then my advise is to cut half of your holding when market rebound unless you are very confident if this company.

Posted by 3stan > 2015-08-16 02:06 | Report Abuse

...in a depressed market like this most stocks good or bad take a free fall dive...it's best to preserve our capital by cutting loss fast and collect later where u can find great bargains...

...never fall in love with the stock...it's possible to dive lower...< RM1-00 perhaps...imagine how many stocks we could buy vs now...

Posted by Grace Cheong > 2015-08-16 12:39 | Report Abuse

Btw, normally Second interim dividend will be announced on august rite?

Posted by tc88 > 2015-08-16 13:05 | Report Abuse

5 year low for Costal around RM1.5....Risk is minimal at RM1.5.

Posted by calvintaneng > 2015-08-16 13:46 | Report Abuse

tc88

taik cakap88?

Already lost 40% in Coastal and ridicule others who did much better. Better keep your mouth shut!

Posted by Lollipot Anison > 2015-08-16 14:40 | Report Abuse

go back to pre-election price. Coastal is in my watchlist now.

Posted by TAH > 2015-08-16 17:00 | Report Abuse

Shares will drop until u never believe like what I experienced it in October crash 1987.A lot of shares dropped abt between 95% to 80%. Will it happen this time ? Well looking at the current issues ,very likely.In fact the current issues more serious compare to yr 1987. For your information, those who dabble in sharemarket in yr 1987, still cannot recoup the loses.Crash is a social phenomena . There are no reliable indicator to show when the market will crash. Suddenly a time bom might appear. And if u r not prepare u will be in serious trouble if u have no financial backup. October Crash 1987, a lot of people bankrupt,some run away, remisers also in trouble,some sell assets to cover margin , family breakup and many things happen.Now the tunnel is still dark. Better stay aside till the sky is bright.

Posted by 3stan > 2015-08-16 22:42 | Report Abuse

Many O&G stocks & related counters were traded shockingly low during that time...we could see some touching low RM0-50 in the near future if the sell off persists...

Imagine by that time we could buy double/triple the units we are holding as at now...the downtrend continues...we could save a lot of bucks by selling now and buy back lower...much lower...

Posted by imari123 > 2015-08-17 08:10 | Report Abuse

Cut loss today while u still can, I believe this month qtr report won't any good & it will drop further after the report....

Posted by orlandooil > 2015-08-17 08:27 | Report Abuse

Focus Malaysia reported earlier.

Now The Star also just reported; Petronas is closing down its oil rigs.

http://www.thestar.com.my/Business/Business-News/2015/08/17/Petronas-lowers-rig-count/?style=biz

Posted by calvintaneng > 2015-08-17 08:38 | Report Abuse

Coastal contract?

Another meaning for contract is decrease in size, number or range.

This time coastal is really contracting smaller and smaller.

Posted by 3stan > 2015-08-17 09:49 | Report Abuse

Cut loss now and dan buy back more later at the cheaper price...clinging onto ur loss won't help...dun die standing...

...for those holding 50k units every 2 cents drop means losing another RM1k...let it go...

...u can buy back later...the situasion will get worst before it gets any better...

Posted by Sapphire > 2015-08-17 11:51 | Report Abuse

Let it drop.....sell pls.....

Posted by Sapphire > 2015-08-17 11:52 | Report Abuse

Run....big bear coming...

Posted by Sapphire > 2015-08-17 11:52 | Report Abuse

Haha....

Posted by Sapphire > 2015-08-17 11:53 | Report Abuse

Get ready to put all egg into one basket....

Posted by Sapphire > 2015-08-17 11:54 | Report Abuse

Rm 1.60, rm 1.50. $$$$$$$$

Posted by Sapphire > 2015-08-17 11:55 | Report Abuse

Durian is coming soon.....coastal kambataeyo....

Posted by goreng_goreng > 2015-08-17 11:58 | Report Abuse

oh no my Titanic.

Posted by Sapphire > 2015-08-17 11:59 | Report Abuse

Rm3 drop to rm 1.67.... now discount 45%%% dy ..^.^v

Posted by tc88 > 2015-08-17 12:06 | Report Abuse

RM1.5 by this week?