Posted by tajaidotcom > 2015-09-19 13:39 | Report Abuse

Sold at 1.9o

Posted by chshzhd > 2015-10-05 14:45 | Report Abuse

i buy

Posted by vcgh23 > 2015-10-05 22:01 | Report Abuse

Support level 1.90 ..tmr once breakthrough 1.95 resistance level .then will hit 2.05 ..can start buy in now

Posted by Daniel Phuan > 2015-10-06 09:57 | Report Abuse

Coastal Contract currently holds and inventory of RM 1.2 billion along with RM 350 million in cash. With its Current Assets alone ( assets that can be sold off within a year ) , Coastal in worth at least RM 3.22. This is not considering the growth potential by Coastal which is current Pamex contract that will kick start this this 2H2015. Looking into other companies with a similar business model compared to Coastal, Coastal holds the best profit margins averaging at 20%. The management is very prudent with their balance sheets by constantly maintaining a minimum debt with a hefty war chest to rid out most storms. During the last Oil price crash in 08/09 Coastal rode pass the storm with ease and I doubt this crash will affect Coastal much. Looking forward 3-5 years ahead, Coastal should be worth at least 1.5 - 2 billion not 1 billion. For the value investors that are looking into Coastal, let me know your thoughts on this.

Posted by ufis > 2015-10-06 11:13 | Report Abuse

2nd round of BUYING just completed..
will now tickle the prices higher if possible as sellers below 1.95 seem to be drying up..

Posted by Chuckosaurus > 2015-10-07 13:48 | Report Abuse

Not too sure about RM3.22 Daniel. How did you come up with that figure?

Posted by taipingbear > 2015-10-07 13:54 | Report Abuse

Congra.....Guys ...

Posted by goreng_goreng > 2015-10-07 14:15 | Report Abuse

epf pushing the price again.....-.-

Posted by mukah > 2015-10-07 14:55 | Report Abuse

cariyoyo commented on 15.08.2015. that coastal should be RM2.50 within 3 months from then. cariyoyo has another one month ie. 15.11.2015. cariyoyo has been quite spot on from his comments as I have seen so far. He rarely comments but his info is quite accurate.

Posted by myuptownboy > 2015-10-07 15:15 | Report Abuse

if cross 2.07, sky is the limit....

Posted by mukah > 2015-10-08 08:55 | Report Abuse

We will see if cariyoyo was right. Cariyoyo mentioned to buy Coastal and keep for 6 months. Hope cariyoyo will comment.

Posted by haikeyila > 2015-10-08 09:34 | Report Abuse

time to make quick hay while the sun shines. sold.. I need a new handbag and some winter coats too, lol

Posted by ufis > 2015-10-08 09:38 | Report Abuse

tranche3 done = accumulation complete
will now position to EXIT say before 2.40
wakakaikiiiii

Posted by myuptownboy > 2015-10-08 10:50 | Report Abuse

next round is coming :-)

Posted by Chuckosaurus > 2015-10-08 10:58 | Report Abuse

Just entered also. Good luck guys.

Posted by vcgh23 > 2015-10-09 00:49 | Report Abuse

Crude oil went up 3.9 percent 49.79 now 　tmr must have very good jump start ...target price 2.45 ..strongly recommend buy in ..huat together ..

Posted by Daniel Phuan > 2015-10-09 08:32 | Report Abuse

@Chuckosaurus, valuation was based on companies current balance sheet alone was worth more than 1 billion. If we take the company's dividend payout alone discounted by an appropriate interest rate (4.05) then the company is fairly valued now. But this doesn't include the fact that the company is expanding. Include this and in the near future (3-5 years) coastal is worth easily 2 billion. https://malaysiainvestments.blogspot.my/2015/10/coastal-contracts-valuation.html?m=1

Posted by myuptownboy > 2015-10-09 09:49 | Report Abuse

congrats to Coastal buyer :-)

Posted by goreng_goreng > 2015-10-09 11:47 | Report Abuse

3rdQ result is expected to be good for the sale of one jack-up drilling rig (JUDR) for approximately RM807 million ($224.1 million).

Oil price seems stabilizing, order for OSV should coming back.

Posted by Chuckosaurus > 2015-10-09 12:43 | Report Abuse

@Daniel Phuan - thanks for the explanation and the link to your blog. COASTAL looks to be the kind of companies that could take hits and keep on going, despite a drop in its prices from over RM5 due to various reasons. The fact that the owners are buying their own shares perhaps proves that this is a company for investors to back as well.

Posted by angkor > 2015-10-09 13:42 | Report Abuse

it will go up back pretty soon.. buy

Posted by Daniel Phuan > 2015-10-10 15:26 | Report Abuse

@Chuckosaurus - thanks,I hope you enjoyed the article and yes, the aggressive share buy backs brings positivity to the company's future.

Good luck investing!

Posted by Chuckosaurus > 2015-10-12 11:20 | Report Abuse

@AlanGan, don't jump the Gan. Lol.

Posted by Pakcik Saham > 2015-10-12 12:56 | Report Abuse

Coastal is good stock & under value (Best sector if oil start rebound)

P/E Ratio = Share Price (Today) / Earnings Per Share (TTM)
= 2.17 / 0.357
= 6.08 (Criteria P/E <10)

EV/EBITDA = Enterprise Value (Today) / Earnings Before Depreciation and Amortization (TTM)
= 663.124 / 193.181
= 3.43 (Criteria EV/EBITDA <8)

Intrinsic Value: DCF (Earnings Based)
= eps * {[x + x^2 + ... + x^10] + x^10 * [y + y^2 + ... + y^10]}
= eps * [x * (1-x^10) / (1-x) + x^10 * y * (1-y^10) / (1-y)]
= 0.36 * 14.7509
= 5.3

Posted by Chuckosaurus > 2015-10-12 12:57 | Report Abuse

Waaaa so optimistic Pakcik!

Posted by angkor > 2015-10-12 13:34 | Report Abuse

more upside on coastal.. brave the storm brothers

Posted by Pakcik Saham > 2015-10-12 14:17 | Report Abuse

Chuckosaurus, this for Undervalued Predictable Companies only (Intrinsic Value = Book Value + Future Earnings at Growth Stage + Terminal Value(Assume 4%) & suitable for long term investor...you can set target 52 week high (depend the oil price)RM 4.19 or SMA 200 line today RM2.66

Posted by ufis > 2015-10-12 18:47 | Report Abuse

SOLD tranche1 today bought on 17/9 (refer posting) at 1.25 to realise my profits first (17% )..
2 more tranches remaining..
tq coastal!!!

Posted by ufis > 2015-10-13 10:23 | Report Abuse

just SOLD at 2.14 aver both tranche2 n 3 (refer posting on 6/10 n 8/10 resp) (yesterday's tranche1 at 2.25) again to take my profits..only 8% for tranche2 n 3..

will move in again when opportunity reopens...
tq Coastal...

Posted by HellowKiety > 2015-10-13 11:07 | Report Abuse

epf solded all liao

Posted by 3stan > 2015-10-13 14:46 | Report Abuse

....whoa so fast d Mr Ufis trading for profits...me still in here...anyway still learning from u...

Posted by Sapphire > 2015-10-13 15:58 | Report Abuse

wow....nice gratz those buy at rm 1.65-1.90 ^^ more up side on coming years....buy and keep for 5 year tp same rm5.00. (2020) oil per barrel rm45-55 till end of this year.

Posted by Sapphire > 2015-10-13 15:59 | Report Abuse

will accumulate each 5 lot in coming months... $$$$

Posted by Sapphire > 2015-10-13 16:04 | Report Abuse

another stock quite attractive ...daya material... consider it......new ceo and budget cut loss... coming year daya will gain profit...do some homework...

Posted by Daniel Phuan > 2015-10-13 18:41 | Report Abuse

PakCik, great to see someone sharing the same optimism. However, intrinsic value is very subjective. Wouldn't the equation be too rigid to fix only one value? And wouldn't be better to consider a margin of safety?

Posted by Pakcik Saham > 2015-10-13 19:29 | Report Abuse

Yes, Its True Daniel Phuan.. When we buy stock, we try to assessing the company health@FA. Picking stock is more of an art than science.There is no right or wrong about it. The method that bring the highest return consistently over long period of time is winner.

Posted by Daniel Phuan > 2015-10-14 13:05 | Report Abuse

That was well said. Thanks for sharing @PakCik Saham.

Posted by Daniel Phuan > 2015-10-14 13:07 | Report Abuse

https://investingmalaysiablog.wordpress.com/2015/10/14/coastal-contracts-a-diamond-in-the-rough/

Posted by haikeyila > 2015-10-16 20:03 | Report Abuse

Looks like a false rally folks. Oil prices ain't trending up yet anytime soon.

Posted by Invest_168 > 2015-10-16 23:23 | Report Abuse

What a stupid trading at Last minute sell at 2.04 :(

Posted by Sapphire > 2015-10-17 11:55 | Report Abuse

good drop....can top up below rm2 again...hehe...

Posted by investor4333 > 2015-10-17 12:16 | Report Abuse

USD 57.26 curde oil

Posted by investor4333 > 2015-10-17 12:16 | Report Abuse

ops.... is USD 47.26

Posted by pingdan > 2015-10-18 13:40 | Report Abuse

On 21 oct 2015, russian will meet with opec member and other none opec member to discuss on reducing the supply for oil. Stay tune for good news for oil and gas sector!!

Posted by fukrai > 2015-10-19 21:16 | Report Abuse

so hard to get below rm2.

Posted by Pakcik Saham > 2015-10-20 09:32 | Report Abuse

If oil start rebound this counter will up.

Posted by Woody > 2015-10-20 20:55 | Report Abuse

Good counter...no drop at all. :-)

Posted by Pakcik Saham > 2015-10-27 07:23 | Report Abuse

This counter can keep for long term & price will up if oil start rebound back. My valuation base in IV, low PE, and NTA, Debt to Equity low and positif ROE.


1. Coastal Contracts Bhd's net current asset value per share for the quarter that ended in Jun. 2015 was RM2.59.< Current Price RM 2.11


2. ROE = Net Income (Q: Jun. 2015 ) / ( (Total Equity (Q: Mar. 2015 ) + Total Equity (Q: Jun. 2015 )) / 2 )
= 139.304 / ( (1535.696 + 1587.494) / 2 )
= 139.304 / 1561.595
= 8.92 %

3.Debt to Equity = Total Debt / Total Equity
= (Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
= (87.015 + 3.171) / 1587.494
= 0.06(low debt/equity)---> A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

4.Coastal Contracts Bhd's Graham Number for the quarter that ended in Jun. 2015 is calculated as

= SquareRoot of (22.5 * Tangible Book Value per Share * Earnings Per Share)
= SquareRoot of (22.5 * (Total Equity - Intangibles) * Net Income (Continuing Operations)) / Shares Outstanding
= SquareRoot of (22.5 * (1587.494 - 0) * 192.064) / 531.149
= 4.93 < Current Price RM 2.11

Graham Number is a figure that measures a FA value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

Posted by JoshuaMS7 > 2015-10-29 08:47 | Report Abuse

Oil price rebound more than 4% yesterday!

Posted by Pakcik Saham > 2015-10-29 11:32 | Report Abuse

According the article oil projection price still below $ 60 http://knoema.com/yxptpab/crude-oil-price-forecast-long-term-2015-to-2025-data-and-charts

If FED increase the interest rate oil price will rebound ..http://moneymorning.com/2015/10/28/wti-crude-oil-prices-today-surge-6-after-fed-interest-rate-decision/

As correlated theory, proposes that rising or high interest rates help strengthen the dollar against other countries' currencies. When the dollar is strong, this helps American oil companies to buy more oil with every U.S. dollar spent, ultimately passing the savings on to consumers. Likewise, when the value of the dollar is low against foreign currencies, something that can happen with sinking interest rates, U.S. dollars buy less oil than before. This, of course, can contribute to oil becoming costlier to the U.S., which consumes 25% of the world's oil.

Read more: Are oil prices and interest rates correlated? http://www.investopedia.com/ask/answers/08/oil-prices-interest-rates-