COASTAL CONTRACTS BHD

KLSE (MYR): COASTAL (5071)

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Last Price

1.54

Today's Change

+0.06 (4.05%)

Day's Change

1.48 - 1.54

Trading Volume

102,700


15 people like this.

3,436 comment(s). Last comment by Dehcomic01 2 months ago

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.

manahin

244 posts

Posted by manahin > 2017-11-08 12:26 | Report Abuse

Vroom! Vroom!

slee

588 posts

Posted by slee > 2017-11-08 14:03 | Report Abuse

Still lagging of volume...Next is 1.35, need a volume...That is another long term resistance.

Posted by Joseph Chai > 2017-11-08 14:20 | Report Abuse

Sold pmetal at 5.12. All in coastal today at 1.29. Guys dont wait. Buy on rumour sell on news! Hahahahaha

chkhooju

1,706 posts

Posted by chkhooju > 2017-11-08 14:23 | Report Abuse

What rumors?

slee

588 posts

Posted by slee > 2017-11-08 14:48 | Report Abuse

News.. This quarter may have good report??

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-08 15:44 | Report Abuse

Madam Pang just bought back 1000000 units own company shares few days ago. I think that is positive sign for good quarterly result.

Now I waiting big boys to sapu all $1.35. Haha..

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-08 15:46 | Report Abuse

Buy at $1.35. You have a chance to chun chun earn 300% return if Coastal back to $5.40.

Kay

290 posts

Posted by Kay > 2017-11-08 18:19 | Report Abuse

Coastal will be back.. but when?

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-08 18:27 | Report Abuse

I put this Coastal into my fixed deposit already. For one year time, back to its glory, hopefully.

No need $5.40, can back to $2.70 I'm happy already :)

gupiao

14 posts

Posted by gupiao > 2017-11-08 19:37 | Report Abuse

coastal how many can up is depend oil price, if brent oil can up to above us100, coatsal sure can more then rm5 again.

supersamy

663 posts

Posted by supersamy > 2017-11-08 22:14 |

Post removed.Why?

kewyy

76 posts

Posted by kewyy > 2017-11-08 23:15 | Report Abuse

Supersmay can i join the group?

Posted by John Chong > 2017-11-09 00:24 | Report Abuse

Supersmay can i join the group 0123037778

stncws

10,711 posts

Posted by stncws > 2017-11-09 00:30 | Report Abuse

0122299131 TQ

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-09 08:32 | Report Abuse

I no need any insider news. I buy with confidence. Buy then close my eyes only. Haha..

Anyway, thank you for your invitation. l really appreciate it :)

sook

49 posts

Posted by sook > 2017-11-09 08:49 | Report Abuse

Add me in too 0175023226 tq.

kewyy

76 posts

Posted by kewyy > 2017-11-09 09:29 | Report Abuse

Add me to the group 0127237892 tq

Posted by Investor 9999 > 2017-11-09 10:26 | Report Abuse

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.

Resistance 130 and support 125

Posted by Investor 9999 > 2017-11-09 10:27 | Report Abuse

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

Posted by Investor 9999 > 2017-11-09 10:28 | Report Abuse

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

lime1015

19 posts

Posted by lime1015 > 2017-11-09 11:05 | Report Abuse

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?

Posted by Investor 9999 > 2017-11-09 15:12 | Report Abuse

Cannot attached here

kewyy

76 posts

Posted by kewyy > 2017-11-09 18:50 | Report Abuse

Investor maybe we can open a whapapp group to discuss further

Posted by Dennis NP Lee > 2017-11-09 20:25 | Report Abuse

Dangerous counter to invest. price is too high to go in now. may burned your hand or stuck there for long long time.

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-09 21:26 | Report Abuse

Nevermind. Let me get burned first.

Cikam

1,720 posts

Posted by Cikam > 2017-11-09 22:18 | Report Abuse

Hahah Dennis kanchiong..shareholders keep on buying..apa mau kanchiong

Cikam

1,720 posts

Posted by Cikam > 2017-11-09 22:20 | Report Abuse

Oil prices keep on increased..should benefit oil and gas counter..kamonnnnnn

Cikam

1,720 posts

Posted by Cikam > 2017-11-09 22:21 | Report Abuse

I like the way ilovehits talking..confidence!!!

TakeProfits

1,229 posts

Posted by TakeProfits > 2017-11-09 22:26 | Report Abuse

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.

TakeProfits

1,229 posts

Posted by TakeProfits > 2017-11-09 22:27 | Report Abuse

Buy and hold..as ilovehits say...

Posted by Investor00 > 2017-11-10 08:43 | Report Abuse

I agree with you ilovehits....

Posted by tradminator > 2017-11-10 11:55 | Report Abuse

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"

CAF-POW

202 posts

Posted by CAF-POW > 2017-11-10 15:34 | Report Abuse

Wouldn't Madam Pang be in trouble with 'Insider Trading' if she trade with a non public information? Just a dump question....

TakeProfits

1,229 posts

Posted by TakeProfits > 2017-11-10 16:03 | Report Abuse

Hello ilovehits, this one can.go some more?? Kyy says this co not much profits to show?? Anyway hold this longer term?? You still holding ?? Thanks

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-10 16:12 | Report Abuse

...my purpose of writing this piece is because someone wanted me to buy and support the share price...

Someone asking Uncle Koon buys this COASTAL. Who? Who? Haha..

Yes, I'm still holding. I put it into my fixed deposit already. I sold a bit to pull down my average price to $1.15. Haha..

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-10 16:23 | Report Abuse

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.

Posted by ganapathy18 > 2017-11-10 16:49 | Report Abuse

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.

TakeProfits

1,229 posts

Posted by TakeProfits > 2017-11-10 17:14 | Report Abuse

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

Orange88

4,181 posts

Posted by Orange88 > 2017-11-10 18:03 | Report Abuse

Red today laugh me die, mahu bubut senergy oh laugh really die

Orange88

4,181 posts

Posted by Orange88 > 2017-11-10 18:06 | Report Abuse

Attention all MRCB also had a sifu called Calvin who bawa everybody to Netherland..... Beware of smart confident promoters...

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-10 19:22 | Report Abuse

I forgive you. I know you lose a lot on SENERGY. Haha..

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-10 19:29 | Report Abuse

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!

JN88

11,670 posts

Posted by JN88 > 2017-11-10 22:24 | Report Abuse

Hold Costal for Long TERM,?? still in lost position ar?? aiyoyo...pity pity...no worry sumatec will help you...kakaka

JN88

11,670 posts

Posted by JN88 > 2017-11-10 22:24 | Report Abuse

Come and join senergy, listen to JN88 sifu ...senergy will help to cover your lossssss....

TakeProfits

1,229 posts

Posted by TakeProfits > 2017-11-10 23:26 | Report Abuse

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.

gupiao

14 posts

Posted by gupiao > 2017-11-11 10:41 | Report Abuse

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

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-11 11:26 | Report Abuse

Uncle Koon is good.

ilovehits

3,955 posts

Posted by ilovehits > 2017-11-11 11:28 | Report Abuse

But l buy with confidence. No need any insider news.

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