Posted by Overweight > 2014-06-25 15:30 | Report Abuse

woohoo! Coastal-Wa almost trading at discount price...happy trading!

Posted by johnny cash > 2014-06-25 23:07 | Report Abuse

Coastal Contracts (COCO MK) ------------------------------dated 25/6
Technical BUY with +12.5% potential return
Last price : RM4.96
Target Price : RM5.18, RM5.58
Support : RM4.66
Stop-loss: RM4.65
BUY with a target price of RM5.58 with stop
loss at below RM4.65. COCO’s share price
has consolidated within the downward price
channel in the past 11 weeks before
yesterday’s strong gain signaled the end of the
current correction following a breakout above
the price channel. We view the breakout as
genuine because a higher trading volume was
recorded yesterday. A positive closing above
the "cloud", 10-day and 21-day SMA lines
should signify upward continuation hereafter.
Positive readings from both MACD and
Stochastic suggest an improving momentum
and could drive the share price higher. Moving
forward, we peg our short- to medium-term
target at RM5.58, which is equivalent to the
1.38x Fibonacci extension level.

Posted by Overweight > 2014-07-02 09:12 | Report Abuse

huge volume transacted just now, hopefully some good show today.

Posted by Overweight > 2014-07-03 11:34 | Report Abuse

the Coastal outlook on second half 2014 will be anticipated as series of expansion and contract awards would contribute a better earning prospect, the new G&O segment expected to driven company toward more steady and lucrative income base business.

Coastal target rm5 billion market capitalization in medium term, and continue own and operate more offshore assets include jack-ip gas compression service unit - JUGCSU (1.24 billion contract ) jack-up drilling rig (two contract and looking one more) and mobile offshore production unit - MOPU, also scaling up its shipbuilding value chain (1.2 billiion contract).

Posted by Overweight > 2014-07-03 16:12 | Report Abuse

COASTAL is our mid-cap pick. We favour COASTAL as it is currently a laggard in terms of valuations versus its small-to-mid-cap peers. It is currently trading at CY15 PER of 11.3x vis-a-vis YINSON that is trading at CY15 PER of 19.3x, and UZMA which is trading at CY15 PER of 13.3x. We believe the company is in the midst of a cyclical shipbuilding uptrend as evidenced by the significant RM1.2-1.3b order book. It has successfully landed a jack-up rig compression contract in Mexico and is currently searching work for their maiden jack up rig. A successful takeup will change the company's business model to asset ownership (from trading previously) which are rerating catalysts for the company.

Source: Kenanga

Posted by Overweight > 2014-07-04 15:58 | Report Abuse

Huge volume queueing there act nothing, what are we waiting?

Posted by Overweight > 2014-07-08 16:08 | Report Abuse

Buy coastal warrant, good discount and mother toward more up trend

Posted by soccerking82 > 2014-07-10 11:16 | Report Abuse

Conversion price : RM3.18 + Current WA price : 1.95 = RM RM 5.13

Lower than Mother price RM 5.15 !!!!

Time to accumulate more warrant as the expiry date is Year 2016

Posted by Overweight > 2014-07-10 11:42 | Report Abuse

this is what i meant the warrant very tempting and trading at discount price, the target for mother toward Rm6 very soon and warrant should be best to accumulate more...good luck!

Posted by soccerking82 > 2014-07-10 12:13 | Report Abuse

Once mother hit RM6, son fair value at least RM3..

It is 50% gain from current price!!!!

Posted by soccerking82 > 2014-07-10 16:32 | Report Abuse

Hit the all time highest 5.18.... Good move

Posted by Overweight > 2014-08-04 11:00 | Report Abuse

Oil & Gas - Roadshow feedback

Author: kltrader | Publish date: Mon, 4 Aug 09:36

RAPID, rigs, Indonesian OSVs and build-to-stock (BTS) risk- reward were highlights during our marketing trip.

South China Sea’s geopolitical risks, global capex cuts and rig oversupply were some of investors’ concerns.

Our key BUYs are KNM, Perdana Petroleum, Ezion and Nam Cheong.

What’s New
We met Malaysia, Singapore and Hong Kong fund managers in July. Discussions centred on: i) PETRONAS’ RAPID project; ii) the outlook for jack-up rigs, FPSOs, OSVs, shipyards and fabrication; and iii) fresh stock ideas.

What’s Our View
The RAPID theme generated strong interest in several O&G stocks. Indonesia-centric OSVs (which we have yet to cover) too received attention. However, there were mixed views on: i) the drilling market; and ii) our revised valuation methodologies for rigbuilders, coupled with their order-win momentum.

While institutional investors remained keen on the MY-SG O&G services sector, they were concerned about: i) rising political tensions in the South China Sea; ii) jack-up oversupply from new rigs entering the market and the rig replacement cycle; and iii) risks associated with the build-to-stock (BTS) model.

Stock wise, investors’ interests were mainly in Malaysia-listed KNM, Perdana Petroleum and UMW OG, and Singapore-listed Ezion, Nam Cheong and Vard. They were generally receptive of some of our new ideas in Malaysia like SILK and Coastal Contracts. Stocks not under our coverage — Pacific Radiance, PACC Offshore, Ezra, Logindo and Wintermar — were also discussed.

We remain overall positive on the O&G services sector. We like KNM for its direct exposure to RAPID. Securing RAPID projects would lift our earnings and target price by up to 50%. Getting the Peterborough waste-to-energy project off the ground in 4Q14 could drive further interest and re-rate the stock further.

Perdana Petroleum and Ezion are our top picks for OSV exposure, and UMW OG and Yinson for jack-up rigs and FPSOs respectively. Nam Cheong and Vard are our preferred stocks in shipbuilding. SILK and Coastal Contracts are interesting (both Not Rated), from the perspective of value and earnings growth potential.

Source: Maybank Research - 4 Aug 2014

Posted by Overweight > 2014-08-05 09:59 | Report Abuse

looks like nobody keen about this sleeping giant.

Posted by peiyee > 2014-08-05 10:01 | Report Abuse

I am holding.

Posted by Overweight > 2014-08-05 10:11 | Report Abuse

I'm still accumulating especially the warrant

Posted by 文耀 > 2014-08-05 10:13 | Report Abuse

What news?

Posted by smallvestor > 2014-08-05 10:54 | Report Abuse

Why sudden move up?

Posted by Secret_Investor > 2014-08-05 11:02 | Report Abuse

awesome... 40 cent profit ..

Posted by smallvestor > 2014-08-05 11:31 | Report Abuse

I think have to wait after 5.00pm for news. Some people have access to good news in company/BSKL must be buying.

Posted by Funtrade > 2014-08-05 13:31 | Report Abuse

itu setiausaha kat bursa must be kaw kaw buying...

Posted by smallvestor > 2014-08-05 13:41 | Report Abuse

Maybe news on new contract especially for long term contract on rig delivered and/or more new orders. Now warrant seems cheap compared to mother share.

Posted by Overweight > 2014-08-05 14:23 | Report Abuse

I'm investing this base on its fundamental, many positive news and target spreading around for coastal and this proven confident and future prospect of the company, mother price may sustaining at RM5.40 by end of trading and short term target should set around Rm6.50, also very anticipating more update on its Jack-up rig progress.

Posted by peiyee > 2014-08-05 21:24 | Report Abuse

High volume.

Posted by Khairun Najib > 2014-08-06 02:21 | Report Abuse

MACD line has crossed. Plus breaking the upper Bollinger Band. The technical is looking good :D

Posted by Overweight > 2014-08-07 18:26 | Report Abuse

EPF just on board becomes major shareholder.

Posted by tewnama > 2014-08-07 18:32 | Report Abuse

ini saham akan ada banyak ong

Posted by Dakewlest > 2014-08-07 19:33 | Report Abuse

Uncle tew beli ke?

Posted by chinesetea > 2014-08-08 03:34 | Report Abuse

The Employees Provident Fund (EPF) has emerged as a major shareholder in Coastal Contracts Bhd after acquiring an additional 1.67 million shares in the latter.In a filing with Bursa Malaysia, ship builder Coastal Contracts announced that subsequent to the acquisition, the EPF holds 27.3 million shares or 5.14% in firm.

Take notes!

Posted by johnny cash > 2014-08-09 21:00 | Report Abuse

https://www.facebook.com/228799620464655/photos/a.228820880462529.68340.228799620464655/832983626712915/?type=1&theater

COASTAL (5071) breakout RM5.16 resistance level.

Posted by speakup > 2014-08-09 22:52 | Report Abuse

Fantastic company!

Posted by gankm > 2014-08-21 17:36 | Report Abuse

Coastal 2nd quarter result net profit RM48,227,000 .
Announce dividend 3.4 cents...
Good show...

Posted by soccerking82 > 2014-08-21 18:15 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1716197

Posted by soccerking82 > 2014-08-21 18:16 | Report Abuse

Margin up 50 % from last year, WOW

Posted by fishbone > 2014-08-21 21:09 | Report Abuse

anyone find that the financial results are delayed in i3investor lately?

Posted by davors > 2014-08-21 21:35 | Report Abuse

bro... net profit up 50%... but profit margin drop slightly...

Posted by Overweight > 2014-08-21 22:30 | Report Abuse

The 10% private placement issue seems not diluted much in EPS because of strong revenue growth. but that strengthen company cash position and lower debts.

Very strong balance sheet, lets relax and see how expert IB reports.

Posted by speakup > 2014-08-21 22:51 | Report Abuse

Mr Koon sold Coastal too early. Solid company!

Posted by Mustafa Amir Mohamed > 2014-08-21 22:57 | Report Abuse

Will the share price go up guys?

Posted by smallvestor > 2014-08-22 15:25 | Report Abuse

Wonder who took up the 10% pp.

Posted by Mustafa Amir Mohamed > 2014-08-24 14:32 | Report Abuse

Any TP for this strong company?

Posted by L. C. Chong > 2014-08-25 11:06 | Report Abuse

COASTAL analysis - https://lcchong.wordpress.com/2014/08/25/coastal-fundamental-analysis-25-aug-2014/

Posted by Mustafa Amir Mohamed > 2014-08-26 00:16 | Report Abuse

Thank You

Posted by Mustafa Amir Mohamed > 2014-08-26 19:53 | Report Abuse

Will this counter have any new catalyst soon?

Posted by addylee > 2014-08-26 21:50 | Report Abuse

coastal ....

Posted by davors > 2014-08-31 23:19 | Report Abuse

may retrace to 4.70~

Posted by smallvestor > 2014-09-01 14:41 | Report Abuse

More good news/contracts should be coming soon.

Posted by addylee > 2014-09-03 19:48 | Report Abuse

yep !

Posted by Overweight > 2014-09-08 10:21 | Report Abuse

Coastal Contracts: Aims big. Targets doubling of market value to MYR5b with O&G upstream expansion. Sandakan-based shipbuilder and offshore support vessels operator Coastal Contracts is extending its participation in the oil and gas upstream segment and hopes to have its market capitalization doubled to at least MYR5b within the next five years. (Source: The Edge Financial Daily)

Posted by Overweight > 2014-09-08 14:31 | Report Abuse

http://www.themalaysianinsider.com/business/article/coastal-contracts-aims-big-in-og-upstream-segment

Posted by komnas > 2014-09-08 14:32 | Report Abuse

RM10? Wow