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

Kpin Yeoh

239 posts

Posted by Kpin Yeoh > 2019-12-17 11:22 | Report Abuse

If there is no data to show or justify the price, when insider sell and take profit retailer might get trap at high price.

Posted by inikalilah888 > 2019-12-17 15:41 | Report Abuse

seem like cannot sustain.

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-17 20:38 | Report Abuse

It can sustain better than your joystick

Davidl

1,816 posts

Posted by Davidl > 2019-12-18 00:10 | Report Abuse

Time to accumulate!

davidkkw79

5,068 posts

Posted by davidkkw79 > 2019-12-18 10:18 | Report Abuse

Yupe, just buy in at low then selling high again !

mylinuxbsd

139 posts

Posted by mylinuxbsd > 2019-12-19 10:52 | Report Abuse

This is why Coastal share price to fly

The Board of Directors of COASTAL wishes to announce that the Company has on 17th December 2019 incorporated a wholly-owned subsidiary in Singapore known as Coastal C I Pte. Ltd. (“CCI”).

 

CCI is a private company limited by shares and is incorporated under Section 19(4) of the Companies Act, Singapore. The issued and paid up capital of CCI is SGD1,000.00.

 

The investment in CCI is financed through internally generated funds.

mylinuxbsd

139 posts

Posted by mylinuxbsd > 2019-12-19 10:54 | Report Abuse

they are planning to enter Singapore market directly next year

Davidl

1,816 posts

Posted by Davidl > 2019-12-19 13:33 | Report Abuse

Share price might double up once everything goes smoothly!

lohloyfoo

79 posts

Posted by lohloyfoo > 2019-12-21 11:11 | Report Abuse

Go go go!

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-21 23:29 | Report Abuse

You will make money in this company. No need funfare or spin story or hard promoting this company. 8 months enough

noinoi

118 posts

Posted by noinoi > 2019-12-22 16:20 | Report Abuse

u want to know somethings? vessel earnings was just 10 mil. The reported earnings includes receivable reversal of 7 mil.

The contracts (1 year) are just 200 mil at best of two OSV, at 20% margin, core profit (excluding whatever one off gains forex, reversal bla bla bla) would be at best 40 mil. Current pe are trading high at 18x.

Forget about the stocks. Only dayang could benefits thru its perdana vessels.

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-22 16:49 | Report Abuse

You must be reading purely from bursa reporting. Quite standard trader's SOP. Dayang now is 2.46. Coastal now at 1.35. Let revisit this conversation in 8 months time

davidkkw79

5,068 posts

Posted by davidkkw79 > 2019-12-23 15:39 | Report Abuse

But noinoi did make his sense with proof

noinoi

118 posts

Posted by noinoi > 2019-12-23 15:54 | Report Abuse

For this kind of return if u add OSV rm40 mil profit with another pick from sky profit of rm20 mil, total profit for fy20 is rm60 mil. With PE 10x, fair price is rm1.10. Better buy dayang. Up some more today.

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 16:04 | Report Abuse

Let see. Go ahead with your dayang. Love to see donkey drown themself. The worst analysis to equate that fair price figure to PE10. Pity

Posted by noinoi > Dec 23, 2019 3:54 PM | Report Abuse
For this kind of return if u add OSV rm40 mil profit with another pick from sky profit of rm20 mil, total profit for fy20 is rm60 mil. With PE 10x, fair price is rm1.10. Better buy dayang. Up some more today.

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 16:07 | Report Abuse

By the way, to use data purely from bursa annoucement to arrive at a fair price is so old school. If it is so easy, all donkeys will make money from bursa. Pity

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 16:12 | Report Abuse

What if another project on the horizon. What if cash reserve increase quarter by quarter. Only small boys purely look at previous data at bursa annoucements to make fair price target. So donkey sense. Pity

Posted by davidkkw79 > Dec 23, 2019 3:39 PM | Report Abuse
But noinoi did make his sense with proof

noinoi

118 posts

Posted by noinoi > 2019-12-23 16:24 | Report Abuse

Haha. Talk cock kukuman. Please don’t be in denial. The facts is there, osv only make 40mil p.a at max. That is the max. If new projects, profit might even go lower coz lower charter rate. 40 mil is the rate when oil price in 2013 - usd100/bbl

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 16:55 | Report Abuse

My goodness. 2013 story. Nobody looks at OSV alone anymore. Only donkey still harping on this. So typical armchair analysis. Pity

noinoi

118 posts

Posted by noinoi > 2019-12-23 17:01 | Report Abuse

Other biz like shipbuilding oversupply ma. Just breakeven give nothing yo. If everyone like u, then my 3yrs old niece also can invest ma. Just plug figure from sky and expect ppl to believe u. Such a con man.

noinoi

118 posts

Posted by noinoi > 2019-12-23 17:04 | Report Abuse

So for those chasing osv play next year, better go dayang thru it’s perdana. Coastal only make 40 mil profit from osv and now valued at 18x pe. Ridiculous.

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 17:08 | Report Abuse

Can you explain why the company is building up their cash reserve up robustly from quarterly free cash flow to 220mil and is counting? You cant even if you want to because you are just armchair analysis. Access purely and only from bursa annoucements. Pity

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 17:13 | Report Abuse

You probably knows nothing about doing business and expanding busines income streams. You are just another typical trader with limited access to real business world except diligently looking at bursa website for annoucement day in day out. When people jump on dayang you jump as well just like in the case of dayang. Pity

noinoi

118 posts

Posted by noinoi > 2019-12-23 17:17 | Report Abuse

Can you explain why u buy into this shit???

My explanation as follows why I’m not Interest with this shitty stocks:-

u want to know somethings? vessel earnings was just 10 mil. The reported earnings includes receivable reversal of 7 mil.

The contracts (1 year) are just 200 mil at best of two OSV, at 20% margin, core profit (excluding whatever one off gains forex, reversal bla bla bla) would be at best 40 mil. Current pe are trading high at 18x.

Forget about the stocks. Only dayang could benefits thru its perdana vessels.

noinoi

118 posts

Posted by noinoi > 2019-12-23 17:20 | Report Abuse

I bet my 3 yrs old niece is better explain this than you. Hahaha.

Ong8888

27 posts

Posted by Ong8888 > 2019-12-23 17:37 | Report Abuse

noinoi.. where do you get the receivable reversal of 7mil?

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 17:40 | Report Abuse

How can a compamy, or any company for that metter, that is making money is shitty company. Your biasness shows you cannot think straight but too emotional. Only people with shit between their ears will see shit everywhere. Pity

Davidl

1,816 posts

Posted by Davidl > 2019-12-23 17:46 | Report Abuse

A very simple concept to me, when everyone knows Dayang is good definitely it is not a Gem!

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 17:47 | Report Abuse

If it is so easy, donkeys will also make money closing their eyes. Fund managers all round cannot see it but only you can see. And they are waiting for you to buy first before they go in to push up the price. That is always this logic all traders/gamblers have. Pity

Posted by noinoi > Dec 23, 2019 5:04 PM | Report Abuse
So for those chasing osv play next year, better go dayang thru it’s perdana. Coastal only make 40 mil profit from osv and now valued at 18x pe. Ridiculous

noinoi

118 posts

Posted by noinoi > 2019-12-23 17:50 | Report Abuse

Ong8888 go study their financials. I think this is their last reversal impairment of receivable already.

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 17:52 | Report Abuse

You talking sense. You said in precisely on the mark

Posted by Davidl > Dec 23, 2019 5:46 PM | Report Abuse
A very simple concept to me, when everyone knows Dayang is good definitely it is not a Gem!

noinoi

118 posts

Posted by noinoi > 2019-12-23 17:54 | Report Abuse

Again kukuman, Can you explain why u buy into this shit???

My explanation as follows why I’m not Interest with this shitty stocks:-

u want to know somethings? vessel earnings was just 10 mil. The reported earnings includes receivable reversal of 7 mil.

The contracts (1 year) are just 200 mil at best of two OSV, at 20% margin, core profit (excluding whatever one off gains forex, reversal bla bla bla) would be at best 40 mil. Current pe are trading high at 18x.

Forget about the stocks. Only dayang could benefits thru its perdana vessels.

Please don’t explain like my 3 yrs old niece. Tq

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 17:56 | Report Abuse

You are fishing for information. Go hug your dayang.
How can a compamy, or any company for that metter, that is making money is shitty company. Your biasness shows you cannot think straight but too emotional. Only people with shit between their ears will see shit everywhere. Pity

Posted by noinoi > Dec 23, 2019 5:54 PM | Report Abuse
Again kukuman, Can you explain why u buy into this shit???

noinoi

118 posts

Posted by noinoi > 2019-12-23 18:00 | Report Abuse

Hahah. Monkey response just like u.

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 18:02 | Report Abuse

Thats all you can respond. Education problem. Pity

Posted by noinoi > Dec 23, 2019 6:00 PM | Report Abuse
Hahah. Monkey response just like u

noinoi

118 posts

Posted by noinoi > 2019-12-23 18:09 | Report Abuse

Sorry, I don’t talk to monkey. Useless and wasting my time.

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 18:15 | Report Abuse

To all noob and naive trader/gambler. When super duper investor promoted that company, he had already bought when the price was at sub MYR1.00. He never hide that fact that he bought. In fact told everyone he had millions of shares. He sees gems way before any data was annouced in Bursa. If you purely based on data annouced in Bursa and then only act on it, you will never get the juice of the matter. As the case of super duper investor's choice, if things are really still so great despite price has gone up multiple 100%, will fund managers all rounds still wait for you to enter before them? Think with your brain

Ong8888

27 posts

Posted by Ong8888 > 2019-12-23 20:47 | Report Abuse

noinoi.. you go eat shit.. i asked you something and you ask me to check myself.. which means you know shit..

coolio

620 posts

Posted by coolio > 2019-12-23 21:04 | Report Abuse

Coastal have abundant of cash flow, they have healthy balance sheet with net cash of 210mil, they have recurring revenue of 150mil a yr from JUCGSU, they bagged few charter contracts as well recently.
Price of oil is stabilise now as well, nothing to worry about investing in this kind of stocks. Plenty MOS. Sleep well

noinoi

118 posts

Posted by noinoi > 2019-12-23 21:19 | Report Abuse

Omg, ong8888 also monkey. Let me spoon-feed you.

The better showing in 4Q2019 was mainly attributed to higher income generation in relation to the charter of JUGCSU as well as reversal of impairment loss.

It stated the trade receivables recovered its 6.4 mil.

Like I said the contract yearly is at max 200 mil, 20% margin then ur profit from charter is 40 mil.

Go eat shit monkey.

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 21:28 | Report Abuse

Why still around? Only monkey will come back uninvited. Go hug your banana dayang and kiss cheerleaders there

Posted by noinoi > Dec 23, 2019 6:09 PM | Report Abuse
Sorry, I don’t talk to monkey. Useless and wasting my time.

Ong8888

27 posts

Posted by Ong8888 > 2019-12-23 22:55 | Report Abuse

noinoi.. you still living up on the trees kah?.. 1Q2020 result already announced for one month.. and yet you still on 4Q2019.. no wonder I can't find the 7m receivable reversal that you mention.. no wrong for me to say that you eat shit.. your brain is as small as a pea.. don't give me stupid answer again or else i will take out your pea brain and feed it to my fish..

Kukuman

2,118 posts

Posted by Kukuman > 2019-12-23 22:58 | Report Abuse

Ong8x4, give him chance. Small boy still learning how to read report posted in bursa website. No choice. That is his only source of information

noinoi

118 posts

Posted by noinoi > 2019-12-23 23:25 | Report Abuse

Aiyo yo... maybe you are the monkey that lost in pig farm. That’s is 1q20. Go check urself. I’m not ur daddy to spoon feed u every time. Go ask kukuman to spoon feed u since he is also a monkey.

noinoi

118 posts

Posted by noinoi > 2019-12-23 23:31 | Report Abuse

Just to give u hindsight, 4Q trade reversal was 34 mil. Figure it urself to become human again. Haha.

Ong8888

27 posts

Posted by Ong8888 > 2019-12-23 23:38 | Report Abuse

noinoi.. You are really pea brain.. the 6.4m received in 1Q2020 is not receivable reversal.. I'm gonna feed your pea brain to my fish.. Now it's not wrong for everyone to call you brainless cos you have no more brain after been eaten by my fish.. I hope my fish don't get stupid after eating your pea sized brain..

Ong8888

27 posts

Posted by Ong8888 > 2019-12-23 23:39 | Report Abuse

Kukuman.. I will only give him chance if he kneel down and lick my 3 year old nephew's shoe clean..

noinoi

118 posts

Posted by noinoi > 2019-12-23 23:42 | Report Abuse

That’s why I’m saying earlier. My mistake to talk to monkey again. Coz monkey is always and always gonna be monkey like ong8888 and kuku

noinoi

118 posts

Posted by noinoi > 2019-12-23 23:42 | Report Abuse

Stupidity to the max.

Ong8888

27 posts

Posted by Ong8888 > 2019-12-23 23:47 | Report Abuse

Brainless noinoi

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