The high vol of Coastal shares on 6 November was due the Major shareholder, Ng Ching Heng's wife buying 1 mil shares at 1.26 in the market. I take this as positivie development and indication good time is round the corner.
Chartwise,
Stochastic cross occured 6 Nov, parabolic reversal showing uptrend, force index blue, force Index blue and CCI (100) blue crossing red.
A good bet for mid term upside. NTA 3.40. Co's total borrowings RM435 mil and cash in hand RM412 mil. Strong Balance Sheet and cash flow generated from operation for FY 2017 was RM32 mil (2016 RM 206 mil) Coastal is one of the key player in the world in OSV ship building and chartering. A number of its competitors had went down under in the recent turbulent time, eaving the fittest to survivie. The Coalso has another 11 yeras of contract of US 30 mil per year for Jack-Up Gas Compression Service Unit (“JUGCSU”) is the key contributor under Vessel Chartering Division with PANEMEX, national petroleum Co of Mexico
My TP if Coastal can deliver about E PS 5 is around RM2. We will hv to look at Q1. I hv hold my shares since June.
I would said difficult to call a TP for COASTAL unless u hv analysed all the Qtr result. In Q3 FY 16 EPS 5.08 and Q4 was 2.69 but if I adjust for the impairment on OSV of RM26.1mil, the adjusted EPS is 6.16 Sen. Look at my spreadsheet analysis. I conclude Coastal may hv turnaround.
Two sparrows may not make a Summer. Thus Q1 18 result if around EPS 5 sen, confirming the tur around then the upside is high. Coastal can command at least PE10. That is my basis of RM2.
Thus TP160 on prudent is realistic and hinge in Q1 result
Hi Investor 9999, my target price is RM2.06 which is the net current asset value as at latest quarter. May I know where is the spreadsheet analysis that you mentioned?
Agree with ilovehits, when Directors buying, it is a good sign and a sign of confidence in Company's operations and financial performance. Good risk. But and hold as ilovehits say. He recommended Coastal.
kyy :"I used to be a substantial shareholder a few years ago. I have visited its shipyard in Sabah and I know all about the company". Madam Pang : "ya u know more than me"
Whether can go further or NOT, why NOT just wait for next quarterly result. Good company must have good fundamental, like this COASTAL, never post loss-making quarterly results since 2006.
This is good company to buy in. Buy and hold long term (at least 1 year). Consistently showing profit every quarter. Hoping to see better QR the next one.
Thanks ilovehits. You make money is good. Me, trying to find the hold needle in the haystack . So me a small timer thanks to you for your sharing ...at least we can make some money for teh tarik and rcanai. Thanks for sharing
TakeProfits, please don't blame me if COASTAL couldn't perform. Anyway, I hold COASTAL for long term. I'm very unwilling to let it go at such low price.
I couldn't find other O&G company like COASTAL which has good fundamental and huge potential upside. Good luck to us. Hu-ah huhu!
Hey ilovehits you are truly down to earth. I trust ilovehits Coasstal more than loss making and don't know where this SUMATEC is going. I won't take risk in sumatec. Coastal got better chances. Coastal turnover even less compared to previous years still able to make some profits. Thanks ilovehits, you at least tell us that we buy at own risk and why you are personally buying. You not shit us like many others who just ask us to buy while they are offloading. Thanks ilovehits.
This is rumor world, they is a lot of people call sifu guide you to wrong direction. By the way i also the one support Coastal. If they is a lot sifu ask you to sell coastal, meaning coastal price will be more up, because they want to buy more at low price :D
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ilovehits
3,955 posts
Posted by ilovehits > 2017-11-08 12:08 | Report Abuse
Just buy at $1.35 and get a chance to earn 300% return if Coastal really go back to $5.40. Haha.. but I'm serious, really.