Posted by Overweight > 2014-03-06 19:05 | Report Abuse

The price recovered back now and looks likely market already digested this P.P effect...not much worries because company are in high growth circle and tiptop performance, any new contract winning will be added as catalyst to boost the stock to new higher target.

very bright and optimistic future for coastal.

Posted by chinesetea > 2014-03-06 19:13 | Report Abuse

I have observed that brahim trend also like this. The price may be down a bit around fixing date or after announcement and then bounce back to further up. Yinson also like this although the PP reason is to expand business.

Hope after the news is out, this is heading above 4.8 to the target where it should belongs after fantastic result and future prospect.
Kekeke :-)

Posted by rchi > 2014-03-07 11:29 | Report Abuse

chinesetea/siva,the show is on.

Posted by rchi > 2014-03-07 11:53 | Report Abuse

chinesetea aka foreign investor,maybe u r still sleeping ya ?

Posted by Siva68 > 2014-03-07 15:05 | Report Abuse

rchi, wah! today very much up n down game.

Posted by chinesetea > 2014-03-07 15:20 | Report Abuse

Yes just wake up. Push!!!!

Posted by Siva68 > 2014-03-07 15:25 | Report Abuse

Ctea, good Morning bro. Very erratic today.

Posted by chinesetea > 2014-03-07 16:20 | Report Abuse

Let it rest a bit and I am sure it will cross convincingly soon.

Posted by rchi > 2014-03-07 20:03 | Report Abuse

weekly gain for coastal is abt 58 sen....good.

Posted by chinesetea > 2014-03-07 21:46 | Report Abuse

A very nice close. Today it hit the historical high of 4.85. Hopefully it can break it like inari on Monday.

Posted by chinesetea > 2014-03-07 21:47 | Report Abuse

More share buy back !!!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1560677

Posted by ohkns > 2014-03-08 08:27 | Report Abuse

CT, old story, just lodged with Registrar of Companies, that's all. Hope Coastal will break RM5.

Posted by Overweight > 2014-03-08 09:16 | Report Abuse

Share buy back are expected because management could resale those treasury shares later in higher price, quite comfortable and confident the current price movement and just let the son to rest while and mother should drive the show.

Next week should have higher chance to break through RM5, my optimistically view the Anwar and Kajang election issue will not impact GLC and O&G companies..

Posted by rchi > 2014-03-08 11:59 | Report Abuse

this news is what we needhttp://www.nst.com.my/business/todayspaper/rising-stars-to-lift-economy-1.501695

Posted by Overweight > 2014-03-12 10:22 | Report Abuse

we should see some fierce uptrend today...anyway just happy with current movement.

Posted by cariyoyo > 2014-03-12 10:34 | Report Abuse

Do look into MPHB Capital if you have some spare cash. A foreign firm will soon be taking up 49% of its insurance arm and this counter is poised for a re-rating.

Posted by rchi > 2014-03-12 11:37 | Report Abuse

hahaha....nice !

Posted by twobits > 2014-03-12 15:02 | Report Abuse

ok... loud speaker ready.... today change counter to chant... hmmm... where is steward?

Posted by chinesetea > 2014-03-12 15:56 | Report Abuse

Like this counter very much. Solid performance and less people goreng. It will rise few cents each day silently until the target is met.
Huat ah. Need some ladies to shout Lv,Gucci ah

Posted by Overweight > 2014-03-12 18:58 | Report Abuse

We refer to the Announcements in relation to the Proposed Private Placement.

On behalf of the Board of Directors of Coastal ("Board"), Bank Islam Malaysia Berhad wishes to announce that the Board had on 12 March 2014 ("Price Fixing Date") fixed the issue price for the placement of 48,306,933 Placement Shares at RM4.30 per Placement Share.

The issue price for the Placement Shares of RM4.30 represent a discount of 8.65% to the five (5)-day volume weighted average market price of Coastal Shares, up to and including 11 March 2014 (being the last market day prior to the Price-Fixing Date) of RM4.7072 per Coastal Share.

This announcement is dated 12 March 2014.

Posted by chinesetea > 2014-03-12 19:25 | Report Abuse

Great news. Assuming they need to raise maximum fund (207.14m) for capital expenditure, the number of shares added will be 271.14m/4.3 = 48172325

So the total shares will be approximately 537,915,915. (At the moment they only raise 48,306,933 as they are going to do it in 6 tranches)

Assuming the earning forecast of FY15 is unchanged at 257m, the EPS will be 257m/537,915,915
roughly 0.48

A merely 9.4% dilution. This is a much better figure than the original calculation that is based on 3.81 and 20% dilution.

So by applying PE 13 for FY15 earning, then FV2015 will be 0.48x13 = RM 6.24.

If they need to raise less fund or if the future price is higher, then the dilution will be reduced further and the target will be higher.

It's a very positive news indeed.

B/S at your own risk.

Posted by sosfinance > 2014-03-12 19:59 | Report Abuse

What is coastal long term growth (next 10 years) from 2013? If it can sustain a 10% p.a. over next 10 years, I will value the intrinsic value of about RM8.80 per share.

Posted by chinesetea > 2014-03-13 00:50 | Report Abuse

It's hard to see the future and also it's a cyclical stock.
However an average of 22% ROE for the pass 10 years is pretty impressive.
This is a stock I can put money on and don't need to watch everyday. Wake up after 3 years and will see impressive income. This is a beginner version of Yinson.

Posted by tasoke > 2014-03-13 00:58 | Report Abuse

u right, l hold til 300 % more fund increase within 4 yrs.

Posted by Tessa Joseph > 2014-03-13 09:43 | Report Abuse

Prices placement shares at RM4.30 to raise RM208m

Posted by rchi > 2014-03-13 18:06 | Report Abuse

patience is golden...

Posted by chinesetea > 2014-03-14 23:27 | Report Abuse

New target from hwangdbs
Coastal Contracts; Buy; RM4.79
Price target:RM6.20 (Prev RM5.35);
COCO MK Steadily evolving Gas compression contract to lift profit by 10-18%. Jack-up drilling rig chartering contract and OSV orders will also drive earnings growth. Maintain BUY with higher RM6.20 TP

Posted by rchi > 2014-03-17 11:53 | Report Abuse

showtime...

Posted by peiyee > 2014-03-17 14:57 | Report Abuse

suddenly so high up today. any specific reason?

Posted by soccerking82 > 2014-03-17 16:00 | Report Abuse

coastal-wa only premium 4%, very attractive....

Posted by Overweight > 2014-03-17 16:16 | Report Abuse

finally breaks RM5!

Posted by Firebird2 > 2014-03-17 16:18 | Report Abuse

Congrats guys, I just miss this one

Posted by chinesetea > 2014-03-17 16:25 | Report Abuse

Yes yes. Rm5 is reached. So much better here, no basher, no speculators. Just rise gradually.

Posted by Firebird2 > 2014-03-17 16:27 | Report Abuse

Really show time.

Posted by valuemaster > 2014-03-17 16:29 | Report Abuse

remember u have 3 days to play only, private placement share will be out soon, prepare for selling as they subscribed at 4.30

Posted by Overweight > 2014-03-17 16:35 | Report Abuse

time for warrant to keep up!

Posted by chinesetea > 2014-03-17 16:52 | Report Abuse

They are not selling to joe blogg. So I am not too worried. Will keep it for at least one year.

Posted by peiyee > 2014-03-17 17:10 | Report Abuse

oh, is it.

Posted by chinesetea > 2014-03-17 17:26 | Report Abuse

peiyee, have you fired your reminder that asked you to sell mkh :-)

Posted by peiyee > 2014-03-17 18:00 | Report Abuse

he is not my remiser. he is my senior. i reenter mkh again. i think it is up to others to give opinion, and then up to us to make decision. So we can't blame anybody. we always can enter again. market is always open.

Posted by peiyee > 2014-03-17 18:02 | Report Abuse

then i entered this one is because my fund manager is buying. He buy does not mean I must follow. But I look at the trend, on uptrend. And I know fund manager only buy if fundamental is good. So, I follow.

Posted by chinesetea > 2014-03-17 18:45 | Report Abuse

Sure, peiyee, I was just kidding. Fundamental is really good, that's not doubt about it. The contract is in the bag and that will keep them busy for years and normally the customer has to pay first so no bad debt.
Very attractive indeed.

Posted by peiyee > 2014-03-18 09:05 | Report Abuse

Yeah yeah. Lets earn together. Yesterday I attended talk by dr. Nazri khan. He also mentioned mkh is good because khalid will be the biggest winner in kajang election. So stocks related to selangor will be good. He will give another talk on 14th June.

Posted by Overweight > 2014-03-18 09:07 | Report Abuse

At current stage those negative effect of P.P issue should be digested, hopefully the third party investor could bring better market penetration to Coastal especially in O&G sector.

with current strong fundamental and book order in hand, very optimistic view that another bonus issue just right at the corner.

Posted by 林俊松 > 2014-03-18 12:38 | Report Abuse

I can't sit roller coaster 1.
Can't tahan the ride.
~.~"

Posted by Samtuckfatt > 2014-03-18 13:49 | Report Abuse

This roller coastal provide excited opportunity for all term imvestor and speculator. . Short , middle long term , never feel bore everyday ..

Posted by paksawa > 2014-03-18 17:08 | Report Abuse

very funny and I agree with it

Posted by sosfinance > 2014-03-18 22:10 | Report Abuse

RHB's latest report TP of RM5.44 (another 9.90% upside). Not sure it is worth taking the risk for 9.9%. Of course, the growth of EPS used by RHB is 35% and 26% for FYE 2014 and FYE 2015. Based on historical PE, at 31 sen EPS, it is PE of 15x. The long term growth (10 years), must be at least at a CAGR 15%, to give the PEG = 1.0 (neither over or undervalue). Not many company can do that (10 years with CAGR of 15% p.a.) because normally after it increase one or two years, it stabilised unless every year there is a new catalyst to provide earning growth without additional capex or opex. Unless it is cornered, not sure if it is worth awhile for that risk.

Posted by cariyoyo > 2014-03-19 10:51 | Report Abuse

Do buy MPHB Capital if you have some spare cash as a proposed alliance between MPHB's insurance arm with an Italian group will soon be materialized. This will boost the share price of MPHB Capital. Target price is RM2.65 by year end.

Posted by peiyee > 2014-03-20 16:46 | Report Abuse

shoot up at the end of the day.