Posted by Wolverin3 > 2016-08-10 16:21 | Report Abuse

I think better stay out of Coastal. If you look, their margins have had a huge drop over the last few years. I think they are losing competitiveness to their peers.

Anyone has any proper insight to this share?

Posted by wbwanabe > 2016-08-10 17:04 | Report Abuse

Will this help Coastal?http://klse.i3investor.com/blogs/kianweiaritcles/101808.jsp

Posted by asdf > 2016-08-10 23:25 | Report Abuse

Coastal is expanding into down stream LNP business.

http://www.lngworldnews.com/malaysias-coastal-contracts-taps-into-indonesian-lng-market/

Posted by BoPoint > 2016-08-12 16:20 | Report Abuse

Coastal seems to be another out-of-favour stock that comes to our radar recently. Compression in margins across both business segments are something that we need to worry about. However, we like the dynamic and superior management in this company. Hopefully the recurring income from FRU and JUGCU can offset the prolonged bad oil price environment. Happy Investing!

Posted by aquila > 2016-08-19 15:48 | Report Abuse

Looks like income from the JV MOU will only bear fruit in end 2017 so that's why the announcement hardly caused a ripple until the details are known. However today Brent oil crossed the $50/b mark with OPEC's moves to stabilise price. If this help increase the crude oil price steadily this would surely impact CCB's price in the northerly direction. Investors may start collecting this counter at this low price.

Posted by asdf > 2016-08-23 10:55 | Report Abuse

aquila

Agree with you.
If pocket is deep, it is time to collect and wait for 6 months.

Posted by S Kay > 2016-08-30 14:46 | Report Abuse

That looks good for mid to long term investment. Will accumulate as well :)

Posted by calvintaneng > 2016-09-02 20:06 | Report Abuse

Dear friends at Coastal,

I just listened to CNBC new about Hanjin's Shipping Bankruptcy in Korea due to Masssive glut of ships. The over exuberance of commodity boom for the last 10 years caused overbuilding of ships!

Now with freight rates dropping many Shipping Companies are in deep trouble as well as ship builders.

As fellow i3 forumers I want to kindly warn you to switch out of Coastal to more defensive shares.

That's all.

See

http://www.cnbc.com/2016/09/02/shipshape-what-you-need-to-know-about-hanjins-troubles.html

Posted by VenFx > 2016-09-02 20:53 | Report Abuse

Already soft landing lar, why only Horse Behind Canoon after Hanjing incident ler ...
Snow Mount doesnt Formed in One day lar ...

Posted by asdf > 2016-09-06 09:28 | Report Abuse

Korean Hanjin's has been known quite a while ago and the factor has already been reflected in the share price.

In the latest report the company was able to increase its revenue. This shows the strength of the
management. Although the profit dropped but when the business weather is good I should think the
profit would be improved too.

Posted by necro > 2016-09-08 19:49 | Report Abuse

Forming descending triangle pattern,projected technical TP @ RM1.10+-

GOOD LUCK..

Posted by kewyy > 2016-09-09 11:47 | Report Abuse

@necro why u so feel negatavie to this company,?basically this company still have strength and still active in its businesses

Posted by necro > 2016-09-09 14:37 | Report Abuse

NO LA...only pattern form ...but if hope for ship manufac in oil downturn perhaps think twice is better..

Posted by wisdomtot > 2016-09-13 17:08 | Report Abuse

RSI is screaming buy... possible bullish divergence...

Posted by steve > 2016-09-28 11:01 | Report Abuse

Coastal has been steady at this price for a while. What's in store ahead?

Posted by skay > 2016-09-29 09:51 | Report Abuse

Wow.. it hit 1.57 today What pushed it???

Posted by steveooikp > 2016-09-30 06:55 | Report Abuse

keep for long term

Posted by steveooikp > 2016-10-01 08:49 | Report Abuse

hovering around 1.5x.....

Posted by skay > 2016-10-04 15:48 | Report Abuse

Oil prices expected to go up. We may see a revival of this stock in the industry.

Posted by steveooikp > 2016-10-06 12:32 | Report Abuse

shd buy more?

Posted by MuttonCurry > 2016-10-06 20:39 | Report Abuse

yes ... it will jump

Posted by steelman > 2016-10-12 22:11 | Report Abuse

their venture into indonesia, will b bearing fruit soon. have good cash balance and attractive current ratio with low gearing. paid dividend recently. at this price close eyes and buy. you will make handsome duit! better than BRIM and buy me royal salute!

Posted by cyeec2000 > 2016-10-28 16:18 | Report Abuse

Anyone will go to AGM?

Posted by steveooikp > 2016-11-02 07:38 | Report Abuse

if hovering at 1.5x.... can buy more....
I believe coastal will move up

Posted by steveooikp > 2016-11-03 07:23 | Report Abuse

I think is going to hover around 1.5x region....

Posted by Sapphire > 2016-11-07 16:36 | Report Abuse

collect another 10lot again ..hehe

Posted by Sapphire > 2016-11-07 16:37 | Report Abuse

cheap discount

Posted by steveooikp > 2016-11-18 07:31 | Report Abuse

dropping.... damn.

Posted by kt888 88 > 2016-11-18 09:46 | Report Abuse

buy buy. damn cheap now

Posted by PeterNg > 2016-11-18 12:59 | Report Abuse

Will wait till next QR come out.

Posted by MuttonCurry > 2016-11-28 18:25 | Report Abuse

Run ... QR bungkus big time

Posted by kuengkucheng > 2016-11-28 23:05 | Report Abuse

QR prospects said coastal group is still optimistic ...
with current multi year low, price should already reflect the poor result...the one speculating on oil run away already very early...what happen to the little volume stuck here are leftover one picking the cheap...

Posted by MuttonCurry > 2016-11-28 23:06 | Report Abuse

I not so sure

Posted by kuengkucheng > 2016-11-29 08:26 | Report Abuse

many oil counters making loss again this qtr...coastal remain green consider very good...

Posted by steveooikp > 2016-11-29 09:07 | Report Abuse

coastal is a good company.
I bot quite high... 1.53 but hold loh... wat to do.

Posted by steveooikp > 2016-11-29 09:52 | Report Abuse

no reason.... making money can drop so much...
idiot right?
this company got cash, got contract on hand... can drop so much... really damn...

Posted by kuengkucheng > 2016-11-29 10:25 | Report Abuse

as mentioned by the mgt, optimistic in transition...hopefully gain more strength also after opec cut

Posted by kewyy > 2016-11-29 12:35 | Report Abuse

Wht is the reason for the price keep droping? Net cash company also like that? Anyone of u can answer my question?

Posted by Zea XG > 2016-11-29 13:47 | Report Abuse

Poor earnings prospect

Posted by beso > 2016-11-29 14:14 | Report Abuse

going foreward will be worsen sell b4 it plunges below 1.00

Posted by steveooikp > 2016-11-29 14:36 | Report Abuse

poor earning.... most of them poor earning...
but drop 10 sen... for a profitable company...
hard to believe ....
no logic...

Posted by kewyy > 2016-11-29 14:41 | Report Abuse

Yup i agree with steveooikp. Not reasonable .Businees always need good oppoturnity to find the new profit.Although now market is low, but coastal still make money and have huge cash, why the price continiously drop? I really dun know wht is the mind on the seller

Posted by kuengkucheng > 2016-11-29 14:48 | Report Abuse

it is simple panic reaction...when 90% drop..this shows worse than a loss making company which only drop 10%

Posted by kuengkucheng > 2016-11-29 14:49 | Report Abuse

ppl tend to react more quickly on negative news, logically they will cut loss and wait for the next chance to come

Posted by kuengkucheng > 2016-11-29 14:55 | Report Abuse

mplus analyst states today it is below estimate. 1 ship vs. 10 ships last yr...call for Sell valued only 1 from 1.60/share like no hope..seems like next yr will make 0 sales....analyst trigger nerve and a definite shock further short term investor to run away.

Posted by kuengkucheng > 2016-11-29 14:56 | Report Abuse

With the reported earnings coming below our forecast, we slashed our earnings estimates by 74.1% and 33.0% to RM43.4 mln and RM69.3 mln for FY17 and FY18 respectively, to reflect the poor sentiment in the OSV industry. We downgrade Coastal to SELL recommendation with a target price of RM1.05 (from RM1.65)Our target price is arrived by ascribing a target PER of 8.0x to our revised FY18 EPS estimate of 13.0 sen per share. At the target price of RM1.05, Coastal will be trading at PERs of 12.9x and 8.1x of FY17 and FY18 respectively, which is close to its closest peer - Nam Cheong Holdings Ltd.

Posted by steveooikp > 2016-11-29 14:56 | Report Abuse

that's why I say stupid trading house....
stupid comment....
this is a cash rich company, good management, with good order book on hand...
why down 10 sen?

Posted by steveooikp > 2016-11-29 15:17 | Report Abuse

深圳　大馬公司 締下近49億合作項目






 289点阅

 2016年5月30日


（吉隆坡30日訊）中國深圳與我國在中國深圳–大馬吉隆坡經貿合作交流會上，簽署8個投資合作，項目金額逾12億美元（約48.8億令吉）。

兩國在中國深圳–大馬吉隆坡經貿合作交流會中，為展示雙方的合作成果與未來發展方向，此次大會主辦方在眾多2地合作計劃中，梳理了15項體現雙方緊密合作的重要項目，項目金額超過20億美元。




其中，8項經審查、已簽約的項目達12億美元。

中國深圳–大馬吉隆坡經貿合作交流會于上週四（26日）在吉隆坡舉行，由深圳市委副秘書長李鑫偉主持；列席者包括中華駐馬大使黃惠康、馬來西亞貿易工業部第二部長黃家泉、馬中華總商會會長戴良業，以及深圳市委書記馬興瑞。

在交流會上，上述8項經審查項目由馬興瑞、黃家泉等領導見證簽約。

文告指出，這些項目包括，中集海洋工程有限公司與沿海工程（COASTAL，5071，主要板工業）自升式海洋鑽井平台計劃，涉及金額5.9億美元（約24億令吉）；深圳建藝裝飾集團（大馬）公司與中國建築股份有限公司及馬來西亞有限公司吉隆坡標誌塔建設項目，金額達1.27億美元（約5.2億令吉）；以及深圳中惠達投資控股有限公司與馬來西亞沙巴州富裕海產有限公司及馬來西亞沙巴州海洋工業園項目，金額達2億美元（約8.1億令吉）等項目。

Posted by steveooikp > 2016-11-29 15:18 | Report Abuse

don't anyhow dump... coastal still got huge contract on hand... !
2.4 bllion project!

Posted by steveooikp > 2016-11-29 16:12 | Report Abuse

Order book replenishment risk persists. COASTAL’s order book stands at RM2.3b, of which RM837m is attributable to OSV fabrication spanning until CY17 while the remaining RM1.5b are the JUGSU charter contract. Meanwhile, COASTAL had received more requests from clients to defer vessel delivery during the quarter which will cast further weakness and uncertainty on its shipbuilding segment in view of prolonged vessel oversupply issue resulting from low offshore activities. We believe COASTAL most probably will allow these deferrals without any substantial penalty in order to preserve client relationships.