Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-12 21:58 | Report Abuse

Q1 2022 EPS 26.77 sen
Q2 2022 EPS 26.37 sen
1H 2022 EPS 53.14 sen
Projected EPS for year 2022 = 53.14 x 2 = 106 sen

This company has turned around convincingly by entering into new businesses in Brazil.

Given its very high earnings the last 2 quarters and this is probably sustainable, at RM 2.28 per share the company is available at a very good price indeed.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-12 22:00 | Report Abuse

We can expect the management to pay a dividend too for this year.

Posted by Jerichomy > 2023-05-12 22:48 |

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Posted by Sslee > 2023-05-13 09:46 | Report Abuse

3iii,

Coastal current 100% subsidiary company, Coastoil Dynamic SA De CV (“CD”) is in Mexico not Brazil

The gas- field belong to Pemex Exploracion and Produccion, which is a subsidiary of Petroleos Mexicanos (“Pemex”), Mexican state-owned petroleum company.

Nuvoil claim in their website:
Nuvoil operates the first processing plant of natural gas coming from Ixachi field in Veracruz Planta Perdiz (Perdiz Plant), which is designed, built and operated by Nuvoil, processes the gas coming from Ixachi, considered as the terrestrial field with more gas resources in Mexico.

So is Coastal current 100% subsidiary company, Coastoil Dynamic SA De CV (“CD”) or Nuvoil designed, built and operated this gas processing plant?

On 30 December 2021, the Joint Venture was completed as all the conditions precedents stipulated in the Transaction Documents have been fulfilled. The Company is in the progress of selling its 50% equity interests in the JVC to Alfair ("Shares Sale"), which would be delayed to second half of FY2023.

Is JV partner Alfair facing problems to complete the 50% equity acquisition conditions? Is JV real?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > May 12, 2023 9:58 PM | Report Abuse

Q1 2022 EPS 26.77 sen
Q2 2022 EPS 26.37 sen
1H 2022 EPS 53.14 sen
Projected EPS for year 2022 = 53.14 x 2 = 106 sen

This company has turned around convincingly by entering into new businesses in Brazil.

Given its very high earnings the last 2 quarters and this is probably sustainable, at RM 2.28 per share the company is available at a very good price indeed

Posted by Jerichomy > 2023-05-13 19:09 |

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Posted by Jerichomy > 2023-05-14 13:41 |

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Posted by Jerichomy > 2023-05-14 13:42 |

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Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-14 16:36 | Report Abuse

http://myinvestingnotes.blogspot.com/2023/05/coastal-is-one-of-leading-shipbuilders.html

Posted by Jerichomy > 2023-05-16 23:17 |

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Posted by Jerichomy > 2023-05-16 23:17 |

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Posted by Jerichomy > 2023-05-16 23:19 |

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Posted by Jerichomy > 2023-05-16 23:19 |

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Posted by Jerichomy > 2023-05-16 23:20 |

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Posted by Jerichomy > 2023-05-16 23:20 |

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Posted by chon99 > 2023-05-22 21:12 | Report Abuse

When you reached 100 years of age how would you celebrate your birthday ?

Likewise, DKSH Bhd which was established in Malaysia in 1923 should be on the grand celebration of its 100th anniversary this year What would you expect from DKSH Bhd ?

1) Bonus issues ?

2) Special dividend

3) Special rewards for the investors ?

Just for your information only .
Not a buy or sell call.

Posted by Jerichomy > 2023-05-22 22:13 | Report Abuse

MoneyMakers
Beautiful selloff - going much2 lower FF nonstop dump

GenS QR lousy..wonder how bad GenP QR nxt
54 minutes ago

1invest1
No need to read, depend & follow
ff, IBs, etc.
They can't win alot if you win too.
There is no such thing as sharing for them.
They win, you lose.
That is the game of share market.
Big fish eat small fish.
11 minutes ago

Posted by Jerichomy > 2023-05-23 20:13 |

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Posted by Jerichomy > 2023-05-23 20:14 |

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Posted by Zhuge_Liang > 2023-05-23 20:29 |

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Posted by Jerichomy > 2023-05-23 20:50 |

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Posted by Bon888 > 2023-05-23 23:06 | Report Abuse

疯狗一只。输钱输疯了。
你不是很厉害分析恒源吗？Spread crack 这么深奥的东西都会。怎么输钱了？怪谁？

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-24 06:52 | Report Abuse

Coastal Contracts Bhd’s net profit jumped more than threefold to RM153.66 million for the third quarter ended March 31, 2023 (3QFY2023) against RM44.32 million in the previous corresponding period, mainly buoyed by a higher share of profit of joint venture (JV) amounting to RM129.87 million. This was on the back of higher interest income earned from a loan granted to a JV and greater profit shared from its JV in the gas processing division. The oil and gas outfit’s revenue rose 3.5% to RM55.74 million from RM53.84 million previously.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-24 07:26 | Report Abuse

Profit after tax
1Q23 141.5 m
2Q23 140.7 m
1H23 282,2 m
It is probable that its earnings for the whole year = 2 x 282m = 564vm

At 2.35 per share, its market cap is 1282.642 m

Based on assumptions, projected:
P/E = 2.3x
Latest FY ROE 13.31%
Book Value per share RM 2.57
P/B 0.91

DPS 2023 15 sen

Posted by Sslee > 2023-05-24 08:05 | Report Abuse

Good morning 3i,
Mind explaining what the below mean?
And since 31 March 2023 come and gone so the JV partner already forfeit the 50% share of profit of RM 206,676,000?

Should the Shares Sale was completed on 31 March 2023 and the equity accounting method been applied in accordance with MFRS 11 based on the Company’s eventual effective shareholdings in the JVC which is 50%, the

Effect of the Shares Sale to
the profit for the period would have been as follows:

Individual: Cumulative
3 months ended 31 March 2023: 9 months ended 31 March 2023
RM'000: RM'000
Profit for the period: 155,287: 437,479
Less: Effect of the Shares Sale: (206,676): (206,676)
Adjusted (loss) / profit for the period: (51,389): 230,803


Upon completion of the Shares Sale, the Company shall account 50% of the JVC’s results under equity accounting method. In addition, the above mentioned Effect of the Shares Sale would be accounted for as a loss on disposal of effective interest in the Joint Arrangement.

Posted by Jack Khan > 2023-05-24 08:21 | Report Abuse

Meaning this share are have potential like SerbaDinamik

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-24 08:37 | Report Abuse

Latest

Profit after tax
3Q23 153.7 m

Net Asset Per Share RM 3.40

The Group achieved a higher profit before tax of RM158.8 million in 3Q2023 compared to RM151.0 million reported in 2Q2023, an increase of 5%. Against 3Q2022, the profit before tax has risen 220% from RM49.7 million. The year-on-year improved performance was mainly attributed to the higher profit shared from the joint venture and interest income earned from loan granted to the joint venture.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-24 08:38 | Report Abuse

SSLee Thanks for highlighting the risks. This is useful.

Posted by lloydlim > 2023-05-24 13:08 | Report Abuse

Time to accumulate.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-24 13:12 | Report Abuse

The Group's borrowings as at the end of the quarter were as follows:

Group Borrowings and Debt Securities
As at
31 March 2023
RM'000
Short term
Secured 39,419
Unsecured 299,159
338,578

Long term
Secured 60,802
Unsecured 28,765
89,567

Total 428,145



The current gearing is within management comfort level.
Apart from RM16.8 million of secured borrowings which are denominated in Ringgit Malaysia, all the other borrowings are denominated in United States Dollar.

The debt-equity ratio of the Group has decreased to 0.236 from last quarter's 0.247. Internally generated funds derived from operations were utilised to sustain the Group's working capital requirements during the quarter under review.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-24 13:21 | Report Abuse

Should the Shares Sale was completed on 31 March 2023, the Company's eventual effective shareholdings in the JVC will be 50% and the effect of the Shareholding on the profit for the period would have been as follows:

Cumulative 9 months ended 31 March 2023
RM '000
Profit for the period 437,479
Less: Effect of the Shares Sale (206,676)
Adjusted (loss)/profit for the period 230,803

Posted by Jerichomy > 2023-05-24 22:23 |

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Posted by OTB > 2023-05-25 10:56 | Report Abuse

I bought Coastal around 2.00 a few months back.
I also recommended this stock to all readers here, I am responsible for my recommendation.
KLSE is bearish and I failed to understand the profit of Coastal and the complex of its accounting method.
I had taken my profit yesterday.
My recommendation and my responsibility is ended here.
Please be informed.
Thank you.

Posted by BobAxelrod > 2023-05-25 11:00 | Report Abuse

I feel it's time to let out some steam....I just cannot stand such scumbags!!!

Few months back at HRC, this bogus scammer's macai said they bought Coastal and recommended to everyone.....yet he doesn't even know what price they bought and at 2.55, they were not making profits......THEN HE SAID THEY BOUGHT AT 2.25.......NOW THAT GODDAMN SCAMMER SAID THEY BOUGHT AT 2.00????? Puii

Posted by OTB > 2023-05-25 11:21 |

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Posted by BobAxelrod > 2023-05-25 11:23 | Report Abuse

All records at HRC...so many people such as Lurker, Sslee, Ular all was there..........

Posted by OTB > 2023-05-25 11:40 | Report Abuse

I am here to share information, but not to attack any person.
I want to see the proof if I am wrong.
Show me your proof.
My first recommendation is around 2.07, definitely not 2.50.
I will admit if I quoted wrong figure.
I never tell any lies here.
I will admit wrong if I am wrong.
Not losing money still claim making money to show his pride.
That is not my character.

Posted by Jerichomy > 2023-05-26 00:10 | Report Abuse

Haha

Posted by Jerichomy > 2023-05-26 00:11 |

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Posted by Jerichomy > 2023-05-27 01:58 |

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Posted by Bon888 > 2023-05-27 07:21 |

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Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-05-27 07:48 | Report Abuse

To recap, Coastal still holds 100% shares in JV company Coastoil Dynamic S.A.De C.V. (CDSA) that owns the Papan and Perdiz projects at Mexico. The transfer of JV partner Nuvoil group’s 50% stake in CDSA is expected to complete by 2HCY23. For now, Coastal recognises 100% of CDSA’s profits as its JV profit. Upon completion of the share transfer, accrued JV profit will be transferred back to Nuvoil.
Note that the 9M comparison may not be meaningful as the group applied equity accounting method on CDSA in 3QFY22.

Posted by Jerichomy > 2023-05-27 10:51 |

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Posted by Jerichomy > 2023-05-27 10:52 |

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Posted by Bon888 > 2023-05-27 11:18 | Report Abuse

Jerichomy really? You working in oil and gas industry? You cook half boiled eggs for the offshore workers?

Posted by Jerichomy > 2023-05-27 12:48 |

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Posted by Bon888 > 2023-05-27 14:46 | Report Abuse

Tell me about your oil and gas experience lah else I guess you can only cook half boiled eggs in the barge for the offshore workers because your brain also half boiled.

Posted by Jerichomy > 2023-05-28 14:40 |

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Posted by Jerichomy > 2023-05-28 14:42 |

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Posted by Jerichomy > 2023-05-28 14:44 |

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Posted by i3lurker > 2023-05-28 15:58 | Report Abuse

500% profits

of course all types of sharks will dump