COASTAL CONTRACTS BHD

KLSE (MYR): COASTAL (5071)

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Last Price

1.53

Today's Change

+0.02 (1.32%)

Day's Change

1.53 - 1.54

Trading Volume

36,800

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 30/06/23 31/12/22 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 CAGR
Revenue 50,928 86,630 333,636 226,839 232,698 238,925 161,571 211,008 156,328 159,352 420,377 1,490,929 -18.08%
PBT 99,290 -61,085 378,599 426,258 213,702 216,064 52,235 -87,161 29,860 -557,713 69,633 71,430 24.87%
Tax -17,436 -14,709 -44,822 -36,538 -30,077 -30,077 -19,283 -17,329 -15,315 -14,929 -20,596 -5,963 30.82%
NP 81,854 -75,794 333,777 389,720 183,625 185,987 32,952 -104,490 14,545 -572,642 49,037 65,467 24.23%
-
NP to SH 79,246 -79,639 324,526 384,067 180,196 182,474 32,707 -104,490 14,550 -572,720 49,037 65,467 23.76%
-
Tax Rate 17.56% - 11.84% 8.57% 14.07% 13.92% 36.92% - 51.29% - 29.58% 8.35% -
Total Cost -30,926 162,424 -141 -162,881 49,073 52,938 128,619 315,498 141,783 731,994 371,340 1,425,462 -
-
Net Worth 1,608,486 1,610,471 1,731,736 1,812,949 1,346,783 1,354,762 1,105,057 1,086,817 1,176,935 1,172,891 1,816,164 1,670,659 0.47%
Dividend
AQR T4Q 31/12/23 30/06/23 31/12/22 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 CAGR
Div - - - - - - - - - 5,274 10,548 21,232 -
Div Payout % - - - - - - - - - 0.00% 21.51% 32.43% -
Equity
AQR T4Q 31/12/23 30/06/23 31/12/22 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 CAGR
Net Worth 1,608,486 1,610,471 1,731,736 1,812,949 1,346,783 1,354,762 1,105,057 1,086,817 1,176,935 1,172,891 1,816,164 1,670,659 0.47%
NOSH 534,487 535,147 546,882 546,463 523,673 539,347 535,350 535,350 531,888 531,599 531,599 530,823 0.39%
Ratio Analysis
AQR T4Q 31/12/23 30/06/23 31/12/22 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 CAGR
NP Margin 160.73% -87.49% 100.04% 171.80% 78.91% 77.84% 20.39% -49.52% 9.30% -359.36% 11.67% 4.39% -
ROE 4.93% -4.95% 18.74% 21.18% 13.38% 13.47% 2.96% -9.61% 1.24% -48.83% 2.70% 3.92% -
Per Share
AQR T4Q 31/12/23 30/06/23 31/12/22 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 CAGR
RPS 9.53 16.19 62.68 42.56 44.44 45.44 30.84 40.04 29.63 30.21 79.71 280.87 -18.11%
EPS 14.83 -14.88 61.17 72.53 34.41 34.84 6.24 -19.78 2.76 -108.59 9.27 12.34 23.76%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.00 2.00 4.00 -
NAPS 3.0094 3.0094 3.2534 3.4014 2.5718 2.5763 2.1095 2.0621 2.2304 2.2239 3.4436 3.1473 0.44%
Adjusted Per Share Value based on latest NOSH - 534,487
AQR T4Q 31/12/23 30/06/23 31/12/22 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 CAGR
RPS 9.26 15.75 60.67 41.25 42.32 43.45 29.38 38.37 28.43 28.98 76.45 271.13 -18.08%
EPS 14.41 -14.48 59.02 69.84 32.77 33.18 5.95 -19.00 2.65 -104.15 8.92 11.91 23.76%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.96 1.92 3.86 -
NAPS 2.9251 2.9287 3.1493 3.297 2.4492 2.4637 2.0096 1.9764 2.1403 2.133 3.3028 3.0382 0.47%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 30/06/23 31/12/22 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 CAGR
Date 30/09/24 30/09/24 29/12/23 30/06/23 30/12/22 30/06/22 30/06/21 30/06/20 28/06/19 29/06/18 30/06/17 30/06/16 -
Price 1.68 1.68 1.65 2.16 2.37 1.63 0.79 0.66 0.925 0.95 1.32 1.55 -
P/RPS 17.63 10.38 2.63 5.08 5.33 3.59 2.56 1.65 3.12 3.14 1.66 0.55 23.17%
P/EPS 11.33 -11.29 2.71 3.00 6.89 4.70 12.65 -3.33 33.55 -0.87 14.20 12.57 -18.48%
EY 8.83 -8.86 36.95 33.36 14.52 21.29 7.90 -30.04 2.98 -114.31 7.04 7.96 22.69%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.05 1.52 2.58 -
P/NAPS 0.56 0.56 0.51 0.64 0.92 0.63 0.37 0.32 0.41 0.43 0.38 0.49 0.53%
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 30/06/23 31/12/22 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 CAGR
Date 27/11/24 27/11/24 29/02/24 30/08/23 - 30/08/22 28/09/21 27/08/20 30/08/19 30/08/18 30/08/17 29/08/16 -
Price 1.50 1.50 1.67 2.18 0.00 1.85 0.76 0.665 0.915 1.10 1.15 1.46 -
P/RPS 15.74 9.27 2.66 5.12 0.00 4.07 2.46 1.66 3.09 3.64 1.44 0.52 24.28%
P/EPS 10.12 -10.08 2.74 3.03 0.00 5.33 12.17 -3.35 33.18 -1.01 12.37 11.84 -17.71%
EY 9.88 -9.92 36.51 33.05 0.00 18.76 8.22 -29.81 3.01 -98.72 8.09 8.45 21.52%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.91 1.74 2.74 -
P/NAPS 0.50 0.50 0.51 0.64 0.00 0.72 0.36 0.32 0.41 0.49 0.33 0.46 1.38%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
15 people like this. Showing 50 of 3,437 comments

Jerichomy

Post removed.Why?

2023-05-26 00:11

Jerichomy

Post removed.Why?

2023-05-27 01:58

Bon888

Post removed.Why?

2023-05-27 07:21

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

To recap, Coastal still holds 100% shares in JV company Coastoil Dynamic S.A.De C.V. (CDSA) that owns the Papan and Perdiz projects at Mexico. The transfer of JV partner Nuvoil group’s 50% stake in CDSA is expected to complete by 2HCY23. For now, Coastal recognises 100% of CDSA’s profits as its JV profit. Upon completion of the share transfer, accrued JV profit will be transferred back to Nuvoil.
Note that the 9M comparison may not be meaningful as the group applied equity accounting method on CDSA in 3QFY22.

2023-05-27 07:48

Jerichomy

Post removed.Why?

2023-05-27 10:51

Jerichomy

Post removed.Why?

2023-05-27 10:52

Bon888

Jerichomy really? You working in oil and gas industry? You cook half boiled eggs for the offshore workers?

2023-05-27 11:18

Jerichomy

Post removed.Why?

2023-05-27 12:48

Bon888

Tell me about your oil and gas experience lah else I guess you can only cook half boiled eggs in the barge for the offshore workers because your brain also half boiled.

2023-05-27 14:46

Jerichomy

Post removed.Why?

2023-05-28 14:40

Jerichomy

Post removed.Why?

2023-05-28 14:42

Jerichomy

Post removed.Why?

2023-05-28 14:44

i3lurker

500% profits

of course all types of sharks will dump

2023-05-28 15:58

Jerichomy

Haha

i3lurker
500% profits

of course all types of sharks will dump
32 minutes ago

2023-05-28 16:32

investopology

The coastal company keep on share buy back, but the share price keep on dropping, any issue?

2023-06-11 07:02

speakup

Reminds me of Topglove

2023-06-11 08:37

investopology

Haha you better be silent than speak up😂

2023-06-12 20:43

Huat 888

slowly collecting...anytime goin to fly

2023-06-14 15:44

Jerichomy

Post removed.Why?

2023-06-26 23:41

Jerichomy

Haha peng lam and get stuck

investopology
The coastal company keep on share buy back, but the share price keep on dropping, any issue?
1 month ago

speakup
Reminds me of Topglove
1 month ago

investopology
Haha you better be silent than speak up😂
1 month ago

Huat 888
slowly collecting...anytime goin to fly
1 month ago

2023-07-24 15:33

Jerichomy

Post removed.Why?

2023-07-24 21:11

8u29song

why coastal no good now ahh

2023-09-06 15:31

8dragon

Buy @ 1.85...

2023-09-14 10:48

James_Bond

Hi Pang. Coastal story sounds interesting. I m afraid it might be another serbak 2.0 coz all investments outside Malaysia. Be careful.

2023-10-23 12:19

silentWolf

how abt now? hehe

2023-11-02 08:54

Tomrider

why drop 10%

2023-11-23 10:01

Tibbers

wah coastal want follow pertama is it waterfall.

2023-11-23 11:14

James_Bond

I m right again! Haha!

2023-11-23 12:10

James_Bond

Another Serbak 2.0! Short coastal at all cost to earn back your losses!

2023-11-23 12:10

TonsilBasher

its a buying oppurtunity. easily up. remember this was the best under billion company voted by the edge.

2023-11-23 13:28

soon9913

next stop is RM1.50?

2023-11-23 15:38

KingKoil

Time to sail

2023-11-30 21:24

Dehcomic01

I bought Coastal a year before Covid-19 and sold it early last year. I have 2 Bursa energy services companies that I use as references when hunting for companies in this sector – Deleum and Dayang. https://ujianehc.blogspot.com/2023/12/dayang.html
I the past these 2 companies ROE outperformed that of Coastal but over the past 2 to 3 years, Coastal ROE have overtaken them.
When I look at the ROE vs share price trend, I found that currently they are diverging – the ROE is going up while prices are declining. https://i.postimg.cc/JhVF7spg/Coastal.png
Is this another opportunity to go in?

2023-12-11 09:47

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

SSLee rightly pointed out the huge loans advanced to its customers and the AR. The company has to impair a lot of the AR.

2024-03-01 12:09

Michael Kwok

Coastal contract 1.56
Tp 1.10 range
Its not just impairment but weaknesses of Asia economy china,japan.
4/3/24 8.57pm

2024-03-04 20:57

TonsilBasher

why on earth they go into tourism???

2024-03-16 21:47

8u29song

steady....

2024-03-19 10:30

5354_

0 dividend >RM 1.5 not 11 sen dividend Penergy?

2024-03-20 09:48

8u29song

come on...NTA 3.25...

2024-03-21 15:52

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Fiscal year is July-June. All values MYR Millions. 2023 2022 2021 2020 2019
TOTAL EQUITY 1,823 1,359 1,105 1,086 1,177
TOTAL ASSET 2,112 2,016 1,399 1,556 1,648

CASH AND EQUIVALENT 185 239 275 524 503
ST DEBT & CURRENT PORTION OF LT DEBT 45 344 44 242 63
LT DEBT 43 120 50 35 231
TOTAL DEBT 88 464 94 277 294
NET CASH (DEBT) 97 -225 181 247 209

ACCOUNT RECEIVABLE 1,056 784 192 166 177
ACCOUNT PAYABLE 149 141 135 136 130



Balance Sheet is surprisingly strong.

2024-04-21 21:38

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

COASTAL

FISCAL YEAR ENDING 2023 2022 2021 2020 2019
PRICE 1.50 2.47 1.37 0.69 1.32

MARKET CAP (MILLION) 828.04 1,311.93 718.63 364.59 696.27
NAPS (BV) 3.30 2.56 2.11 2.06 2.23
EPS 0.70 0.34 0.06 -0.20 0.03

ROE 21.07% 13.26% 2.93% -9.67% 1.22%
ROA 18.18% 8.94% 2.31% -6.75% 0.87%
P/B 0.45 0.97 0.65 0.34 0.59
P/E 2.16 7.28 22.20 -3.47 48.31
EARNINGS YIELD 46.38% 13.74% 4.51% -28.81% 2.07%
FCF YIELD 19.28% 4.93% -7.63% 9.91% 23.23%
DIVIDEND YIELD 0.00% 0.00% 0.00% 0.00% 0.00%

2024-04-21 21:40

TonsilBasher

what happened to this counter? suddenly shoot up like morning wood

2024-05-07 11:34

Joo1818

Finally breached the jinx RM1.75 after sleeping for so long

2024-07-02 23:02

Joo1818

Next to break RM1.80

2024-07-09 10:07

Joo1818

Finally touched RM1.80. Now waiting for it to break through this resistance

2024-07-15 19:26

Joo1818

BROKEN RM1. 80

2024-07-16 16:18

lloydlim

Time to accumulate!

2024-08-30 13:00

Dehcomic01

Coastal Contracts – a new hope from its pivot in business direction

A decade ago, Bursa Coastal Contracts earnings was from building ships for the oil & gas sector. But the downturn in the oil & gas sector affected this business. The company pivoted to providing gas production platforms.

Today the company is exiting the shipbuilding sector to focus on providing and operating oil & gas production platforms. The company has yet to rebuild its return to the heydays of shipbuilding. But this new business direction looks more positive than being in the shipbuilding business.
https://www.youtube.com/watch?v=JShL7TP1YT0

2024-09-19 09:54

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