Coastal Contracts

COASTAL

MYL5071OO005

Shipbuilding

End-of-day quote BURSA MALAYSIA Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
1.5 ^MYR	+2.04%		0.00%	-9.09%

Apr. 17	Coastal Contracts Discloses Striking Off of Two Dormant Units	MT
Mar. 15	Coastal Contracts Acquires MYR19 Million Stake in Jewel of Mabul Development; Shares Drop Over 4%	MT

Coastal Contracts Bhd Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 29, 2024 at 07:42 am EST

Coastal Contracts Bhd reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was MYR 48.43 million compared to MYR 62.35 million a year ago. Net loss was MYR 139.07 million compared to net income of MYR 139.03 million a year ago.

Basic loss per share from continuing operations was MYR 0.2613 compared to basic earnings per share from continuing operations of MYR 0.2637 a year ago. Diluted loss per share from continuing operations was MYR 0.2534 compared to diluted earnings per share from continuing operations of MYR 0.2521 a year ago.

Latest news about Coastal Contracts

Coastal Contracts Discloses Striking Off of Two Dormant Units	Apr. 17	MT
Coastal Contracts Acquires MYR19 Million Stake in Jewel of Mabul Development; Shares Drop Over 4%	Mar. 15	MT
Coastal Contracts Bhd acquired 20 percent stake in Jewel of Mabul Development Sdn. Bhd for MYR 18.98 million.	Mar. 13	CI
Coastal Contracts Bhd Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 29	CI
Coastal Contracts Bhd Reports Earnings Results for the Eighteen Months Ended December 31, 2023	Feb. 29	CI
Coastal Contracts Secures Deal Extension from Petroleos Mexicanos	Feb. 06	MT
Coastal Contracts Forms New Unit	Jan. 21	MT
Coastal Contracts Profit Plunges in September Quarter	Dec. 01	MT
Coastal Contracts Bhd Reports Earnings Results for the Third Quarter Ended September 30, 2023	Nov. 30	CI
Coastal Contracts To Sell One Offshore Support Vessel	23-10-25	MT
Coastal Contracts Changes Financial Year End to December 31	23-10-23	MT
Coastal Contracts Bhd Announces Change in Financial Year End	23-10-20	CI
Coastal Contracts Repurchases Shares	23-10-13	MT
Coastal Contracts to Seek Shareholders' Nod to Renew Share Buyback Authority	23-10-12	MT
Coastal Contracts Repurchases Shares	23-10-04	MT
Coastal Contracts Repurchases Shares	23-09-25	MT
Coastal Contracts Repurchases Shares	23-09-19	MT
Coastal Contracts Repurchases Shares	23-09-06	MT
Coastal Contracts Repurchases Shares	23-09-04	MT
Coastal Contracts Turns to Loss in Fiscal Q4	23-08-31	MT
Coastal Contracts Bhd Reports Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2023	23-08-30	CI
Coastal Contracts Repurchases Shares	23-08-18	MT
Coastal Contracts Repurchases Shares	23-08-11	MT
Coastal Contracts Repurchases Shares	23-08-04	MT
Coastal Contracts Repurchases Shares	23-08-02	MT

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Company Profile

Coastal Contracts Bhd. is a Malaysia-based investment holding company, provides integrated energy infrastructure and marine services and solutions. The Company operates through four segments: Gas Processing, Vessel Chartering, and Shipbuilding and Ship repair. The Gas Processing segment is engaged in the provision of onshore gas conditioning and jack-up gas compression services. The Vessel Chartering segment is engaged in lifeboat chartering business. The Shipbuilding and Ship repair segment is engaged in fabrication and sale of offshore support vessels and marine transportation vessels, ranging from subsea support vessels, subsea maintenance vessels, platform support vessels and utility support vessels, among others. It also engages the sub-contract, vessels chartering and towing, marketing, ship delivery, offshore support, sale and purchase, exploration and production projects, tugboat and barge transportation, and property letting and other investment activities.

Sector

Shipbuilding

Calendar

2024-05-22 - Q3 2024 Earnings Release (Projected)

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Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.5 MYR

Average target price

1.435 MYR

Spread / Average Target

-4.33%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Shipbuilding

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