you should feel lucky with dsonic past few days because market volatile and foreign fund out/reshuffle, many stock shaved back to initial...the result expected to be fantastic and please don't simply action if you don't fully understand what the q result.

your people here like to judge kfima from fimacorp price movement,if fimacorp stagnant at current price then kfima will have no future?

News Yesterday, Coastal Contracts (COASTAL) announced it is proposing a private placement of up to 10% of its issued and paid-up capital.

The exercise is expected to be completed before 3Q14.

The rationale for the private placement is: (i) to raise funds and avoid interest expense for future expansion by not having to revert to loans, (ii) strengthening the financial position and (iii) enhancing the liquidity and marketability of the shares.

Comments The maximum scenario will raise 54.4m shares and expand share base by 23.8% to 598.0m shares (from current base of 483.3m shares).

Based on an indicative price of RM3.81 per share, the maximum scenario will raise RM207.1m in gross proceeds of which a major portion will be utilised for working capital.

Under the maximum scenario assumption, EPS dilution will be c.19.2% for FY14-15, but we believe new earnings (from jack-up rig and jack-up rig compression unit) will absorb the dilutions.

As it is currently in a net cash position, the exercise will further strengthen its balance sheet.

Outlook The shipbuilding division is currently riding on a cyclical uptrend with order book standing at c.RM1.2-1.3b. Although net margins have normalised at 15-25% from FY12 onwards, they are still lucrative, in our books.

COASTAL's maiden jack-up rig is due to be delivered in mid-14, which will spearhead its move into an assetownership model versus the previous build-and-sell model. According to our channel checks, there are >40 jack-up rig contracts in South-east Asia that are expiring from mid-2013 to 2015, which implies abundant opportunities on the horizon. Moreover, there could be cross-selling opportunities with its entry into Mexico.

COASTAL’s long-term jack-up rig compression unit earnings will kick-start in FY15.

Forecast No change to FY13-14 EPS until the private placement is completed.

Rating Maintain OUTPERFORM

Valuation We maintain our target price of RM5.76 based on an unchanged target CY15 PER of 14x.

Assuming a maximum scenario for the private placement, our target price will be revised to RM4.65/share; which still provides a hefty upside from the current share price.

Whilst this PER valuation is above the stock’s historical average +2 standard deviation PER of 11.9x, we believe this is justifiable as it is moving into asset ownership (versus just depending on vessel sales).

Risks to Our Call (i) Lower-than-expected margins and vessel sales; (ii) Inability to secure contracts for maiden jack-up rig; and (iii) delay or cancellation of jack-up rig gas compression unit.

Source: Kenanga

Price drop because of private placement proposal? the retail and contra player will panic and desperate sell like no tomorrow, the coastal is net cash company without much debts but still need huge money to working on coming huge project, strongly believed the management will pushed share price to new higher level before price define, also this will allow company no to bearing interest from bank which good for long term investment.

Yinson also doing private placement before, look at current price and appreciation.

Just collected more today.

good price now...accumulated more today

when market turned bad...must buy dsonic:)

Awesome! wonderful quarter 4 result just revealed.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1547353

Currently those plantation leader had revealed very handsome quarterly result along with CPO price growth, can feel that strong plantation wind blowing and don't miss out this wave.

Beautiful gain from Fimacorp these few days, Kfima expected to have decent gain also :) don't miss out this plantation wave again.

I think very high chance will get dividend + special dividend or dividend +bonus issue....let's see how the show going tomorrow.

buy more, mega sale over by end of today.

i also accumulating this counter :)

good rest Coastal..I still need you.

my projection of dividend payout this year will further improved to 10 sen and might surprise with special dividends, also with huge cash in hand should come out some bonus or expansion plan.

hopefully this evening, expected good result too.

good rest a while, long journey to go :)

if not this fellow, the price already rebound back 0.70 above.

not sure the reason behind why this fellow keep dumping and pressing the price down, maybe are preparing for something ...heheh ....for me the fundamental of company didn't changed and maybe good entry time for us.

CPO PK
2013 2012 2013 2012
January 2,162.00 3,149.50 1,024.50 1,870.00
February 2,340.00 3,051.50 1,136.00 1,780.00
March 2,297.50 3,243.00 1,083.00 1,919.00
April 2,258.00 3,454.00 1,140.00 1,975.00
May 2,237.50 3,148.50 1,131.50 1,686.50
June 2,355.50 2,917.00 1,160.00 1,712.00
July 2,297.50 3,016.00 1,193.00 1,612.50
August 2,303.50 2,787.50 1,261.50 1,493.50
September 2,322.00 2,690.00 1,316.50 1,327.00

very simple justification for my investment:-
- The CPO price increased significantly
- Net Cash in hand with class A palm estate
- The FFB production increased significantly
- very low inventories
- Double revenue from refinery segment
- Future CPO growth/acquisition/expansion

why so worried about short term price retreat, the CPO stand above 2,700 will be best encouragement for all plantation companies.

the transaction volume still low and not many people like this hidden gem, but i'm quite confident with its strong book order will made RHB to give another review and target price soon and coming result should be strong EPS might another 10 cent above.

look good today...thanks again hapseng-wa

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1541857

Added book order RM88.1 million :)

the discount price only offer to people who did their due diligence and well understanding of the counter, when price fall and these people would know the opportunity.

very good, my bought back price lower than director :)

bought back already :)

some one create fear sentiment to collect more share ....i think

http://www.theedgemalaysia.com/business-news/275931-uma-datasonic-not-aware-of-cause-for-share-price-rise.html

as usual >>>Company unaware

fasten your safety belt, now fly to sky again.

more excited than new year countdown: )

dsonic have very good reason to trade higher, any reply from company will tend to be positive...maybe you surprise given.

purge out those contra player also good.

son ...please keep up with mother!

"Moving forward, the group intends to value add to their logistics services by providing 3PL warehousing services, which now include the distribution services for their clients where margins are higher than conventional warehousing."

wow! this new business segment for dsonic? Century was doing very well with this 3PL warehousing services, good direction to diversify into this segment.

just realized that my mykad was first batch version, is time to visit JPN for new mykad. :)

kretam not impacted by Wilmar policy :)

congrats to all value investor of coastal !

good for value investor!
http://www.theedgemalaysia.com/business-news/275615-results-preview-rhb-research-upgrades-datasonics-fair-value-to-rm336-.html

The PE only suitable apply to those company with slow in business/EPS grow. for Dsonic, personally i don't like to apply PE to this counter reason because the business expansion is significantly and aggressively... very soon would know.

Dsonic currently have total issue of 675M shares and up to q3 net profit was about 59M and predicted another 45M contributed from q4 which come together 104M for whole financial year. this will equal to EPS of 15sens for current financial year, very great achievement with great business model, my fair value for this stock should trading at PE 25x (RM 3.75) whereas MYEG is currently trading at PE 50X.

*this just my personal forecast, don't blame me if wrong.

now still trading at discount price, very soon will touch 0.70 and above

not sure your target....but coastal is one of my top pick this year and warrant should be right pick at this moment due to bullet limited, this stock need some holding power and people who hold tight will get handsome rewards.

CPO price touched 2,600 above already, I foreseen plantation rally will kick in very soon. as a value investor, I had participated few week back and will buy in more on Monday.

the fierce uptrend coming! don't miss the boat again!

Possible and strongly believe it will fly again to rm5 and above, the enlarged revenue/profit/coming project will make it sustainable at any future target :)

can't wait to see the q result

MISC just post a fantastic result, Maybulk will follow the same track coming with good q result.

only know from past q3 result said >> Trade receivables 114,894 (RM'000)

I think EPS will be around 8 cents from coming q result, not sure good enough not?

Last bonus issue was on year 2011, hopefully another big reward this year along with current fantastic jobs/orders/result.

collecting more on coastal-wa.