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

tkl88

8,712 posts

Posted by tkl88 > 2020-04-05 07:06 | Report Abuse

(莫斯科4日讯)俄罗斯总统普京表示,俄罗斯准备好与沙地阿拉伯和其他主要产油国一道大幅削减石油产量,以阻止油价下跌。这一表态呼应了美国总统特朗普之前的说法。

“我们做好准备在OPEC+框架内与合作伙伴达成协议,并准备与美国在这个问题是进行合作,”普京周五在与政府高级官员和石油行业高管的视频会议上说。
 “我认为有必要共同努力,以平衡市场并减少产量。”
普京说,俄罗斯认为全球石油产量每天减少约1000万桶是可能的,并准备“在伙伴关系”的基础上参与。
普京的表态是俄罗斯首次证实特朗普周四通过推文发布的消息。推文称俄罗斯愿意参与减产,该消息推动布伦特原油价格一度暴涨47%。

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 06:21 | Report Abuse

Dow Jones Futures spike up !
As at 6,15 am,
DJI futures at => 21,207.5 (+262.5) (+1.25%)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 09:25 | Report Abuse

Dow Jones Futures spike up !
As at 9.17am,
DJI futures at => 21,555.0 (+598.0) (+2.85%)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 10:31 | Report Abuse

Oil price wanted to turn green liao !
As at 10.20 am,
Brent => $32.91 ‪(-1.20) (-3.52%)‬

From this morning dropped -9 %
to now just dropped - 3% only !

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 14:19 | Report Abuse

Wow, Oil price going to turn green liao !
As at 2.07pm,
Nymex => $28.08 ‪(-0.26) (-0.92%)‬
Brent => $34.00 ‪(-0.11) (-0.32%)‬

tkl88

8,712 posts

Posted by tkl88 > 2020-04-06 22:42 |

Post removed.Why?

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 04:45 | Report Abuse

Wow, Fabulous,
Dow Jones closed at=> 22,679.99 (+1,627.46)(+7.73%) !

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 05:30 | Report Abuse

CNBC MARKETS
Dow soars 1,600 points as growth rate of new coronavirus cases appears to slow
PUBLISHED SUN, APR 5 2020 6:04 PM EDT
UPDATED MOMENTS AGO
Fred Imbert ,Silvia Amaro

https://www.google.com.my/amp/s/www.cnbc.com/amp/2020/04/05/stock-market-futures-open-to-close-news.html

Stocks jumped on Monday, rebounding from sharp losses in the previous week, as the number of new coronavirus cases in the U.S. appeared to slow down. 
The Dow Jones Industrial Average closed 1,627.46 points higher, or more than 7%, at 22,679.99. The S&P 500 gained 7% to close at 2,663.68 while the Nasdaq Composite surged 7.3% to 7,913.24. The major averages rallied to their session highs in the final minutes of the session, with the Dow briefly trading more than 1,700 points higher. 

Boeing gained more than 19% to lead the Dow higher. Raytheon Technologies, American Express and Visa rose more than 11% each. The S&P 500 was led higher by the utilities, consumer discretionary and tech sectors, all of which closed more than 7% higher. Retail stocks such as Nordstrom, Kohl's and Macy's also rose sharply.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 05:30 | Report Abuse

Investors were encouraged by data that shows a slowing in the number of daily U.S. coronavirus cases, although it is still early to determine a lasting trend. There were about 30,000 new cases on Thursday, 32,100 cases on Friday, 33,260 cases on Saturday, and then a slowing to just 28,200 new cases Sunday, according to the latest data from Johns Hopkins.

The Trump administration also noted on Sunday there are signs of stabilization in hospital rates, helping to lift Wall Street sentiment on Monday. Meanwhile, New York State reported 594 new coronavirus deaths on Sunday, fewer than 630 on Saturday, marking the first daily decline in coronavirus-related deaths.
"Incoming data suggests NY state might peak sooner than Cuomo's optimistic case," Tom Lee, head of research at Fundstrat, said in a note to clients. "With better visibility on the healthcare crisis in the US, particularly, on a potential to model a national peak, we believe buyers are now taking control."
Slowing death rates in Europe also offered up some hope that the U.S would be nearing its peak soon as well and that social distancing measures are working.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 07:35 | Report Abuse

Oil price was so bullish !
As at 7.27am,
Nymex => 26.81 ‪(+0.73) (+2.80 percent) !

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 08:45 | Report Abuse

Wow, Oil price was so strong !
As at 8.38am,
Nymex => $26.96 ‪(+0.88) (+3.37 percent)
Brent => $33.72 ‪(+0.42) (+1.26 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 11:14 | Report Abuse

Wow, Oil price spike up crazily !
As at 10.48am,
Nymex => $27.04 ‪(+0.96) (+3.68%)‬
Brent => $34.02 ‪(+0.97) (+2.93%)‬

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 11:15 | Report Abuse

Wow, Oil price spike up crazily !
As at 10.48am,
Nymex => $27.04 ‪(+0.96) (+3.68 percent)
Brent => $34.02 ‪(+0.97) (+2.93 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-07 15:37 | Report Abuse

Dow Jones continue it's bull run
As at 3.25 pm,
Dow Jones Futures at => 22,906.0 (+418.0) (+1.86%)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-08 07:27 | Report Abuse

Wow, Oil price continue to spike up !
As at 7.13am,
Nymex => 24.63 ‪(+1.00) (+4.23 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-08 09:09 | Report Abuse

Wow, Oil price getting hot & hottest now !
As at 8.35am,
Nymex => $24.79 ‪(+1.16) (+4.91%)‬

tkl88

8,712 posts

Posted by tkl88 > 2020-04-08 13:41 | Report Abuse

Walaoeh, Oil price now spike up crazily !
As at 1.30pm,
Nymex => $25.19 ‪(+1.56) (+6.60 percent)
Brent => $32.88 ‪(+1.01) (+3.17 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-08 22:20 | Report Abuse

Oil prices gain as OPEC meeting looms
OPEC+ expected to lower collective oil output substantially to trim some oversupply in global market
Ovunc Kutlu   | 08.04.2020
https://www.aa.com.tr/en/economy/oil-prices-gain-as-opec-meeting-looms/1797054

tkl88

8,712 posts

Posted by tkl88 > 2020-04-08 22:20 | Report Abuse

ANKARA
Crude oil prices were up on Wednesday as the upcoming meeting between OPEC and its allies, known as OPEC+, give hope to investors of potential support to prices.
International benchmark Brent crude was trading at $32.32 per barrel at 0620 GMT for a 1.4% increase after it closed Tuesday at $31.87 a barrel.
American benchmark West Texas Intermediate (WTI) was at $24.72 a barrel at the same time for a 4.6% gain after ending the previous day at $23.63 per barrel.
The oil producing member countries of OPEC+ will hold a teleconference on Thursday to discuss the low price environment and the supply-demand balance in the global oil market.
Due to the rapid spread of coronavirus, or the COVID-19 disease, weak economic activity around the world has lowered global oil demand, increasing the glut of supply in the market.
Saudi Arabia-led OPEC and Russia-spearheaded non-OPEC failed on March 6 to lower their collective output, causing a massive plummet in prices, which fell on March 30 to their lowest level since 2002.
The OPEC+ group is estimated on Thursday to lower their collective oil production level by between 10-15 million barrels per day in order to trim some of the oversupply.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-09 03:32 | Report Abuse

OMG, Oil price was damn super hot man !
As at 3.25am,
Nymex => $25.75 ‪(+2.12) (+8.97 percent)
Brent => $33.33 ‪(+1.46) (+4.58 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-09 04:25 | Report Abuse

‪Wow, Fabulous!
As at 4.12am,‬
Dow Jones closed at=> 23,433.57 (+779.71)
(+3.44 percent) !

tkl88

8,712 posts

Posted by tkl88 > 2020-04-09 04:47 | Report Abuse

Oh My goodness,
Oil price was unbelievable spike up to the sky high !
As at 4.35am,
Nymex => $26.‪09 (+2.46) (+10.41 percent)
Brent => $33.‪54 (+1.67) (+5.24 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-09 05:26 | Report Abuse

Oil Spikes After Algeria Says OPEC+ Cuts Could Reach 10 Million Bpd
By Julianne Geiger - Apr 08, 2020, 2:20 PM CDT

https://www.google.com/amp/s/oilprice.com/Energy/Oil-Prices/Oil-Spikes-After-Algeria-Says-OPEC-Cuts-Could-Reach-10-Million-Bpd.amp.html

tkl88

8,712 posts

Posted by tkl88 > 2020-04-09 05:28 | Report Abuse

The price of a West Texas Intermediate barrel of oil shot up on Wednesday afternoon by nearly 7% shortly after OPEC’s President gave the market fresh optimism about tomorrow’s virtual OPEC++ meeting.
“The meeting will undoubtably be fruitful in order to rebalance the market through measures we will take tomorrow,” Mohamed Arkab, OPEC’s President and Algeria’s Energy Minister told state news agency APS, according to Reuters.

While an intangible statement, the optimistic words spoken by the OPEC President seem to be just what the doctor ordered for the volatile markets as speculators try to make the most out of the oil-price plunge.
As a result of today’s spike, trading of the biggest oil ETF, the United States Oil Fund (USO), had been halted temporarily. Trading of the USO has since resumed. The USO is trading up 4.03% as of 3:03pm EDT.
All eyes remain on the potential deal that OPEC group may come up with tomorrow in what could be the largest oil production cut deal ever. Signatories to the deal could include, in addition to OPEC, Brazil, Norway, Canada, and all the OPEC+ countries that signed onto the previous deal. While some are hoping that the United States may join in the cuts, a formal agreement between the US and other oil producers appears unlikely.
Saudi Arabia and Russia, together responsible for producing more than 22 million barrels per day, are expected to make or break the chances of a production cut deal.

A 10 million bpd figure has been discussed by meeting attendees in the run-up to the meeting, although that figure would be insufficient to offset the loss in oil demand that the market has seen due to the coronavirus.

By Julianne Geiger for Oilprice.com

tkl88

8,712 posts

Posted by tkl88 > 2020-04-09 16:46 | Report Abuse

Walaoeh, Oil price spike up like mad already !
It's definately indicating that the Opec + meeting will come out a deal of ouput cut !
As at 4.37pm,
Nymex => $26.14 (+1.05) (+4.18 percent)
Brent => $33.90 (+1.07) (+3.26 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-10 00:35 | Report Abuse

Wow, Congratulations to you all guys who is still keep tight tight & Sailang Armada at current low price !
Good news from the OPEC+ meeting which the output cut was Deal and the oil price then was spike up sharply!
As at ‬12.13am,
Nymex => $26.02 ‪(+0.93) (+3.71 percent)
Brent => $33.86 ‪(+1.02) (+3.11 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-10 01:09 | Report Abuse

Russia and Saudi Arabia agree deal on oil output cuts: Report
OPEC members are on Thursday set to discuss 'deep cuts' of up to 20 million barrels per day
By MEE and agencies
Published date: 9 April 2020 14:40 UTC
Last update: 18 min 21 sec ago

https://www.middleeasteye.net/news/russia-and-saudi-arabia-agree-deal-oil-output-cuts

tkl88

8,712 posts

Posted by tkl88 > 2020-04-10 01:09 | Report Abuse

Russia and Saudi Arabia have overcome all hurdles to cut oil production at a meeting of OPEC, ending a month-long price war.
Oil prices jumped after Reuters reported that the two countries have agreed to a "deep cut" in crude production.
OPEC and other oil producers were set to debate on Thursday oil cuts as big as 20 million barrels per day (bpd), equivalent to about 20 percent of global supplies, one OPEC source and a Russian source told Reuters.
"That is a global deal," the OPEC source said.
He did not specify if the United States would be involved - something Russia and OPEC producers have insisted on.
A worldwide lockdown to slow the spread of the coronavirus pandemic has cut fuel demand by roughly 30 percent and contributed to a crash in prices that took major benchmarks down by more than two-thirds.
Prices surge
Prices surged over 10 percent earlier on Thursday as producers appeared set to cut production sharply, but the exact details of the cuts remain unclear.
The OPEC and allies including Russia - a group known as OPEC+ - were in talks on Thursday to cut production sharply, with numbers as high as 20 million bpd bandied about, OPEC and Russian sources said.
That would be equivalent to about 20 percent of global supplies, to support prices hammered by the coronavirus crisis. However, it is unclear if a figure that lofty includes cuts made for economic decisions by private producers in the United States, Canada and elsewhere, or if OPEC assumes those countries will mandate cuts, which the US has not wanted to do.
A cut of 20 million bpd would be by far the biggest output cut ever agreed by OPEC. But Russia has insisted it will only reduce output if the United States joins the deal. US laws prevent coordination among private companies.
Analysts, meanwhile, said that even if such record cuts are agreed, they will not be enough.
"Ultimately, the size of the demand shock is simply too large for a coordinated supply cut," analysts at Goldman Sachs said on Thursday.
Following the OPEC+ meeting, energy ministers from the Group of 20 major economies are set to meet on Friday.
The last OPEC meeting in early March ended acrimoniously, with Russia and Saudi Arabia unable to come to an agreement to curb output as the virus spread, adding to the slump in prices.
A source briefed on Saudi Arabia's oil policy said it is ready to cut up to 4 million bpd of its production, but only from its record output levels of 12.3 million bpd achieved in April.
Russia has said it wants output to be cut from the January-March levels before Saudi production jumped.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-10 04:31 | Report Abuse

Great, Dow Jones continue it’s bull run !
DJI closed at =>
23,719.37 (+285.80) (+1.22 percent) !

uptrending

1,852 posts

Posted by uptrending > 2020-04-20 11:16 | Report Abuse

Net cash per share as of 31st Dec 2019 is 47 cents, NTA rm 2.25

Coastal's long term charter of JUGCSU to Pemex, till 2024 plus another 4 years till 2028, each year estimated Revenue of Rm150 million with Gross profit of about 55 %, can net about rm40 millions each year. It generates strong and stable cash flow to the company..cash flow is the sum of net profit plus non cash item (depreciation and amortisation).

Upon upturn of this oil price slump, ship building business would be revived as many of the existing OSV are already old enough since the last downturn in oil price in 2014.. Reactivation of the existing fleet of OSV not only is costly but it would not be acceptable to the O&G MNC who will prefer a newer fleet..

uptrending

1,852 posts

Posted by uptrending > 2020-04-20 15:40 | Report Abuse

https://www.theedgemarkets.com/article/coastal-contracts-aims-big
A Big Dream in 2014..

Would it be realised? :)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-22 10:17 | Report Abuse

Wow, Nymex price started to spike up like crazy now !
Nymex=> $12.80 (+$1.23) (+10.63%)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-22 10:51 | Report Abuse

US oil prices jump after massive rout
West Texas Intermediate for June delivery rises 18.93% to $13.76 a barrel
Published: April 22, 2020 06:12
AFP
https://gulfnews.com/business/energy/us-oil-prices-jump-after-massive-rout-1.1587521703297

tkl88

8,712 posts

Posted by tkl88 > 2020-04-22 10:52 | Report Abuse

Singapore: US oil prices surged Wednesday after a turbulent start to the week that saw them fall below zero for the first time due to a coronavirus-triggered demand shock.

US benchmark West Texas Intermediate for June delivery rose 18.93 per cent to $13.76 a barrel, after suffering heavy falls in New York overnight.

WTI for May delivery on Monday collapsed to an unprecedented low of minus $40.32 as traders scrambled to sell it before the contract expired Tuesday, but could find few buyers with storage capacity fast filling up.

European benchmark Brent crude for June delivery was up 0.98 percent at $19.52 a barrel, after tumbling to an 18-year low the previous day.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-22 22:10 | Report Abuse

Wow, oil price continue to spike up !
As at 10.00pm,
Nymex => $15.65 (+4.08) (+35.26 percent)
Brent => $21.97 (+2.64) (+13.66 percent)

uptrending

1,852 posts

Posted by uptrending > 2020-04-23 04:34 | Report Abuse

COASTAL Shareholding Changes
Date of change Shares Director/
Substantial Shareholder
21 Apr 2020 Acquired
431,200 Samarang Ucits - Samarang Asian Prosperity
30 Mar 2020 Acquired
180,600 Samarang Ucits - Samarang Asian Prosperity
27 Mar 2020 Acquired
364,600 Samarang Ucits - Samarang Asian Prosperity
26 Mar 2020 Acquired
23,600 Samarang Ucits - Samarang Asian Prosperity
23 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
20 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
19 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
18 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
17 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity
16 Mar 2020 Acquired
200,000 Samarang Ucits - Samarang Asian Prosperity


CONSISTENT BUY BY THE BIGGEST FUND MANAGER /SHAREHOLDERS APART FROM THE OWNERS

uptrending

1,852 posts

Posted by uptrending > 2020-04-23 05:29 | Report Abuse

Share buy back resumed on 27th February 2020 at price of rm1.13, since it last stopped on 24th Jan 2017. Total Treasury Shares then was 4,196, 800.

Now as of 22nd April, 2020, the total Treasury Shares is 8,245,800.

Bought Back a total of 4,049,000 shares in the period 27-02-2020 to 22-04-2020

uptrending

1,852 posts

Posted by uptrending > 2020-04-23 05:46 | Report Abuse

Samarang Ucits - Samarang Asian Prosperity
Fund accumulated and increased its shareholdings in Coastal from 5.014 %
(26,445,000 shares) on 1st June 2018 to 8.757% (46,168,100 shares) as of today.

uptrending

1,852 posts

Posted by uptrending > 2020-04-23 06:10 | Report Abuse

Strong Cash Flow Company

Cash flows of Coastal
Year 2019 2018 2017 2016* 2014 2013 2012 2011 2010 2009 2008 Average Sum
CFFO 172300 48756 33220 206248 8954 117366 89480 59314 131819 30883 73955 88390 972295
Capital expenses -27031 -1438 -243 -600071 -120479 -12266 -935 -2422 -11359 -6918 -36538 -74518 -819700
FCF 145269 47318 32977 -393823 -111525 105100 88545 56892 120460 23965 37417 13872 152595
FCF/Revenue 93% 30% 8% -20% -13% 14% 12% 8% 18% 5% 11% 15%
FCF/IC 14% 4% 2% -23% -11% 15% 14% 9% 24% 5% 12% 6%

As of 31st Dec 2019,
Coastal Contracts has a NET cash plus short term investments (less all borrowings) of about RM250 million, about 47 cent per share..

tkl88

8,712 posts

Posted by tkl88 > 2020-04-23 06:25 | Report Abuse

Wow, Fantastic ! Dow Jones spike up to
closed at=> 23,475.82 (+456.94) (+1.99 percent) !

tkl88

8,712 posts

Posted by tkl88 > 2020-04-23 07:12 | Report Abuse

Wow, Fantastic,
Oil price started it’s bull run again !

Nymex closed at=> $13.78 (rose +19 percent)
Brent closed at=> $20.37 (rose +5 percent)

tkl88

8,712 posts

Posted by tkl88 > 2020-04-23 07:48 | Report Abuse

International oil prices rebound following Trump warning

April 22, 2020 8:09 pm by Myles McCormick and Joe Rennison in London, Hudson Lockett in Hong Kong and Matthew Rocco in New York

Brent bounces back from two-decade low after US president takes aim at Iranian vessels

Oil prices rebounded on Wednesday after Donald Trump stoked Middle East tensions, saying that he had ordered US warships to “shoot down and destroy” Iranian vessels if they posed a threat.
The US president’s intervention sent Brent crude back above $20 a barrel after the international benchmark had tumbled to its lowest level since 1999 on concerns over the collapse in global oil demand.
The declaration from Mr Trump also helped buoy the high-yield bond market, which is heavily exposed to the fate of energy companies. BlackRock’s iShare high-yield bond exchange traded fund, known by its ticker HYG, rose 1 per cent, having dipped 1.8 per cent on Tuesday.

“I have instructed the United States Navy to shoot down and destroy any and all Iranian gunboats if they harass our ships at sea,” Mr Trump wrote in a tweet.
The prospect of renewed tensions in the Middle East gave crude a lift during a week where prices have struggled to contend with an evaporation in demand triggered by the coronavirus pandemic.

tkl88

8,712 posts

Posted by tkl88 > 2020-04-23 07:49 | Report Abuse

Brent rose as high as $22.45 a barrel and settled at $20.37, up more than 5 per cent on the day. The energy sector helped lead a rally on Wall Street that sent the benchmark S&P 500 up 2.3 per cent following two days of falls. The tech-heavy Nasdaq Composite closed up 2.8 per cent.
West Texas Intermediate, the US marker, rose 19 per cent to $13.78 a barrel. It almost halved during the previous session and earlier in the week fell into negative territory for the first time as producers were forced to pay buyers to take oil off their hands ahead of the expiry of futures contracts.

Brent crude remains down about 27 per cent so far this week. Oil production levels have remained robust even as the virus destroys demand, creating a supply glut. An unprecedented cut of almost 10 per cent of global supply by Opec and its allies will take effect next month, but traders worry it is not enough to offset the collapse in consumption.
The head of the International Energy Agency on Tuesday called for the output reductions to be expedited and deepened. Opec members met by phone overnight, but there was no sign they would change their plans.

uptrending

1,852 posts

Posted by uptrending > 2020-04-23 08:48 | Report Abuse

AR2019 PAGE 19

Review of Operating Activities

The signs of increasing upstream activities in the O & G value chain and improved charter rates will provide a good opportunity
for the Group’s Vessel Chartering Division as there would be more demand for vessel chartering in the market.
The low and volatile oil price is expected to have a lesser impact on the Chartering Division given that a long term charter
contract has been secured for its JUGCSU which has marked its third year anniversary since the unit achieved its first gas in
August 2016. The unit has continued to contribute positively to the Group’s earnings during the current financial year. During
the FY2019, the Group secured several charter contracts for its offshore support vessels and other vessel in Asia and Middle
East waters, which has contributed positively to its earnings for FY2019 and subsequent financial years.

LOW AND VOLATILE OIL PRICE IS EXPECTED TO HAVE LESSER IMPACT ON THE CHARTERING DIVISION GIVEN THAT A LONG TERM CHARTER CONTRACT HAS BEEN SECURED FOR ITS JAGCSU....

uptrending

1,852 posts

Posted by uptrending > 2020-04-23 08:55 | Report Abuse

Total positive FREE CASH FLOW for the last 3 years total RM225+ Million

Positive Free Cash Flow for 1H2020 (1.7.19-31.12.19) is RM40+ Million

uptrending

1,852 posts

Posted by uptrending > 2020-04-23 09:28 | Report Abuse

Coastal Contracts is controlled by Ng’s family with Mr Ng Chin Heng as the principal founder with about 60% share holdings.

From July 2018 till end of 2019, the CEO of Coastal Contracts, Mr. Ng Chin Heng and his wife have been buying up a total of 5.5m shares of Coastal at an average price of 96 sen

uptrending

1,852 posts

Posted by uptrending > 2020-04-23 09:46 | Report Abuse

Samarang Ucits - Samarang Asian Prosperity
Fund accumulated and increased its shareholdings in Coastal from 5.014 %
(26,445,000 shares) on 1st June 2018 to 8.757% (46,168,100 shares) as of 22nd April 2020. An increase of 19,722,100 shares. And is still buying as of 21st April 2020

uptrending

1,852 posts

Posted by uptrending > 2020-04-23 10:06 | Report Abuse

@61.5 cent, MC is rm320 Million. Net Cash Rm250. Rm70 million take the company away with a fleets of OSV and the long term charter of the JUGCSU. JUGCSU can make Rm30-RM40 net a year..

Just JUGCSU's profit, Pay back for the RM70 million is only 2 years.

selling is insane

tkl88

8,712 posts

Posted by tkl88 > 2020-04-23 13:42 | Report Abuse

Wow, Marvelous !
Oil price continue to spike up !

As at 1.27pm,
Nymex at=> $15.77 (+1.99) (+14.4 percent)
Brent at=> $22.87 (+2.50) (+12.3 percent)

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