Posted by jjpang72 > 2020-07-23 06:58 | Report Abuse

Tomorrow limit up
Another..... Good news coming.....

Posted by jjpang72 > 2020-07-23 06:58 | Report Abuse

before end of july, >90cent buy asap

Posted by jjpang72 > 2020-07-23 11:13 | Report Abuse

https://klse.i3investor.com/blogs/ndcg/2020-07-22-story-h1510607294-It_Is_Raining_Money_Invest_In_UTDPLT_YINSON_and_SERBADK.jsp

Posted by TradeNewBie > 2020-07-23 22:13 | Report Abuse

jjpang72

Posted by TradeNewBie > 2020-07-23 22:13 | Report Abuse

no limit up

Posted by TradeNewBie > 2020-07-23 22:13 | Report Abuse

not so soon

Posted by TradeNewBie > 2020-07-23 22:13 | Report Abuse

it slowly goes up

Posted by TradeNewBie > 2020-07-23 22:14 | Report Abuse

and then shoot up

Posted by TradeNewBie > 2020-07-25 12:54 | Report Abuse

coastal gonna shoot up very soon
trust me

Posted by TradeNewBie > 2020-07-25 12:54 | Report Abuse

in one or two weeks time

Posted by TradeNewBie > 2020-08-05 12:10 | Report Abuse

share buy back

Posted by hng33 > 2020-08-11 10:54 | Report Abuse

bought coastal at 64.5sen

Posted by hng33 > 2020-08-11 14:51 | Report Abuse

sold back at 70sen

Posted by inikalilah888 > 2020-08-11 16:56 | Report Abuse

still dont want wake up....hahaha

Posted by Shines > 2020-08-20 19:40 | Report Abuse

No volumn, cannot up

Posted by TradeNewBie > 2020-08-26 11:27 | Report Abuse

boring

Posted by jjpang72 > 2020-08-27 17:22 | Report Abuse

RUN!!!! losses 170 million.RM170m

Posted by ngyewchai76 > 2020-08-29 09:29 | Report Abuse

Any reason huge losses but revenue higher ?

Posted by ngyewchai76 > 2020-08-29 09:31 | Report Abuse

What happen this quarter losses but previous quarter profitable

Posted by AllanTingAS > 2020-08-30 12:18 | Report Abuse

No joke! 170m in a quarter!!! I'm lazy to see the details on what ever reason.

Posted by TradeNewBie > 2020-08-31 23:22 | Report Abuse

but coastal created a bullish hammer

Posted by TradeNewBie > 2020-08-31 23:22 | Report Abuse

obviously the company also buyback

Posted by TradeNewBie > 2020-08-31 23:23 | Report Abuse

and oil price picking up

Posted by TradeNewBie > 2020-08-31 23:23 | Report Abuse

just a matter of time

Posted by Kang Yao > 2020-09-04 10:22 | Report Abuse

anyone dig into how they impair over 100mm in receivables? management could just set up a unknown company to served as middle person to all their projects, and impair via it, shareholder deserves DETAIL EXPLAINATION!

Posted by jjpang72 > 2020-09-07 07:06 | Report Abuse

Crude oil price crash and burn !!!

Posted by jjpang72 > 2020-09-07 07:06 | Report Abuse

Oil price is merely consolidating due to the strengthening dollar. This is crucial before its next solid upward move.

Posted by TradeNewBie > 2020-11-17 03:32 | Report Abuse

time to gap up ...coastal

Posted by TradeNewBie > 2020-11-17 03:33 | Report Abuse

oil price upupup

Posted by JT1969 > 2020-11-28 01:24 | Report Abuse

What’s happening to Coastal? Keep on losing money? Stupid management ..

Posted by JT1969 > 2020-11-28 01:25 | Report Abuse

Bunch of jokers should be sacked and replace with more capable executives.

Posted by thesteward > 2020-12-03 21:48 | Report Abuse

Coastal could move up like Wah seong I believe . This is actually a good co. Just hit last 2 quarters . I believe the worst is over . Could go back in regrown of rm1

Posted by thesteward > 2020-12-04 10:10 | Report Abuse

Movement similar to Wah seong just started yo up. Holding tight .

Posted by thesteward > 2020-12-04 12:26 | Report Abuse

Holding on tightly for over rm1

Posted by thesteward > 2020-12-04 12:26 | Report Abuse

Chun chun again

Posted by dompeilee > 2020-12-04 14:14 | Report Abuse

Chased some Coastal @ 68.5c this morning

Posted by thesteward > 2020-12-04 14:35 | Report Abuse

Once if break 73 fly . I believe it could

Posted by TradeNewBie > 2020-12-04 22:30 | Report Abuse

my coastal... finally woke up

Posted by TradeNewBie > 2020-12-04 22:30 | Report Abuse

proud of you

Posted by Dangel > 2020-12-07 09:12 | Report Abuse

Engine start?

Posted by dompeilee > 2020-12-07 09:13 | Report Abuse

dompeilee Chased some Coastal @ 68.5c this morning
04/12/2020 2:14 PM

=)

Posted by Dangel > 2020-12-07 09:23 | Report Abuse

strong uptrend!!!

Posted by Davidl > 2020-12-07 09:43 | Report Abuse

Uptrend jz started! Dun miss out de flight guys!

Posted by TradeNewBie > 2020-12-09 21:49 | Report Abuse

gonna have good show tomorrow

Posted by thesteward > 2020-12-10 01:41 | Report Abuse

Agree

Posted by Davidl > 2020-12-16 10:30 | Report Abuse

https://oilprice.com/Energy/Oil-Prices/Goldman-Turns-Bullish-On-Oil-Sees-65-Brent-In-2021.html

Posted by jjpang72 > 2021-02-02 13:44 | Report Abuse

https://www.upstreamonline.com/rigs-and-vessels/malaysian-liftboat-debutant-has-oil-gas-and-wind-in-mind/2-1-955299

Posted by jjpang72 > 2021-02-02 13:45 | Report Abuse

Coastal Contracts ventures into liftboat charter business

theedgemarkets.com

February 02, 2021 10:33 am +08
Coastal Contracts ventures into liftboat charter business


KUALA LUMPUR (Feb 2): Coastal Contracts Bhd is venturing into the chartering of liftboats — self-propelled, multifunctional, self-elevating platform-based vessels with large open decks to support various offshore maintenance and construction works — via the acquisition of a Singaporean firm.

According to a Bursa Malaysia filing, Coastal Contracts' unit Coastal Drilling Pte Ltd (CDPL) and its strategic business partner JUB Pacific Pte Ltd have acquired stakes of 80% and 20% respectively in Elite Point Pte Ltd (EPPL) for S$8,000 (RM24,318.31) and S$2,000.

"Upon the completion of the Acquisition by CDPL and JUB, EPPL shall increase its issued and paid-up capital by US$1 million, of which US$800,000 (RM3.24 million) will be subscribed by CDPL and the remaining US$200,000 will be subscribed by JUB. The eventual shareholdings of the parties in EPPL shall remain at 80% and 20% respectively," it said.

In a separate statement, Coastal Contracts said EPPL will be acquiring a liftboat named Teras Conquest 7 (TC7), which was built in 2015 at a "renowned yard in Southeast Asia".

"TC7 was engaged in well servicing and production enhancement related activities since its first operation in the Middle East. For the first five years since operations, TC7 has been consistently operating at a high utilisation rate. The
vessel is multi-capable for various projects such as offshore construction services, field maintenance services, equipment installation services and accommodation services in the oil and gas (O&G) industry.

"TC7, with its robust safety track records, has called on more than 200 worksites and 120 different platforms across one of the biggest oilfields in the world near Saudi Arabia. TC7 had just completed its first dry-docking and special periodical survey, and is gearing up in preparation to continue with the current charter project. TC7 is expected to commence its charter immediately upon completion of the acquisition, serving one of the famous national oil companies in the Middle East. This extended charter has a remaining contract tenure of approximately 20 months, with a contract value of approximately RM67.3 million," it said.

Coastal Contracts said the new venture will enable it to pursue further business expansion and growth in the O&G upstream sector, besides venturing into renewable energy.

"Apart from its service capabilities related to the offshore O&G industry activities, liftboats are also an alternative solution in the support of offshore wind farm installation and maintenance works. Governments and energy companies across the globe, especially in Asia-Pacific, are looking into the huge business and investment opportunities in the offshore wind sector. With strong year-on-year (y-o-y) growth prospects expected for the years to come, offshore wind farms are one of the world’s fastest-growing energy sources which has the opportunity to replace traditional energy sources," it said.

According to the group, the acquisition of EPPL will boost its sustainable and recurring income streams from the first quarter of this year.

In the statement, Coastal Contracts executive chairman Ng Chin Heng said the venture will strengthen the order book of its chartering division.

"We believe that there are great future growth prospects for the wind farm renewable energy sector as liftboats are the most preferred and cost effective options for installation and maintenance of offshore wind farms, which shall continue to be a big part of the world’s renewable energy transition.

"With our current strong balance sheet, we are looking forward to capitalise on more acquisition opportunities with quicker paybacks; we believe that the value of some offshore assets has emerged," he said.

Trading of Coastal Contracts shares were halted from 9am to 10am today, it said in a separate announcement. The stock last closed at 68 sen, giving it a valuation of RM356.26 million.

Posted by vivabursa > 2021-02-18 11:43 | Report Abuse

Back to glory oil companies...

Posted by lloydlim > 2021-02-19 20:10 | Report Abuse

Coastal Contracts: In joint venture to undertake Mexico gas sweetening plant project.