COASTAL Stock Forum

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 bus...

Good morning mooers! Here are things you need to know about today's market:
●US Stocks Drop on Slowing Inflation and Strong Consumer Sentiment Data
●Johor Causeway Celebrates Centenary as Monument of Malaysia-Singapore Diplomatic Relations
●No Increase in Electricity Tariffs for Peninsular Malaysia Users Until Year-End
●Stocks to watch: Maxis, CelcomDigi, YTL Power, TM
-moomoo News MY
Wall Street Summary
US st...

Analysts worry about Coastal Contracts' new tourism venture, citing it as outside their core operations. The acquisition's potential impact on earnings and lack of sector experience raises execution risks.

Good morning mooers! Here are things you need to know about today's market:
●US Treasury Yields Jump on Higher-Than-Expected Producer Prices, Indexes Fall
●Sime Darby Plantation's Future Fest '24 Showcases Transformation of Palm Oil Industry
●AmInvestment Bank Research Sees Buying Opportunities in Malaysian REITs
●Stocks to watch: CTOS, Awantec
-moomoo News MY
Wall Street Summary
Treasury yield...

Coastal Contracts views this acquisition as a strategy to deliver long-term sustainable growth and value creation to its shareholders and to diversify its income streams. The company expects the tourism industry to fully recover to pre-pandemic levels in 2024.

The CEO of Coastal Financial Corporation, Eric Sprink, expressed confidence in Wingo's ability to navigate regulatory complexities and implement innovative solutions, strengthening the bank's commitment to compliance and ensuring its continued success and growth.

TA Research indicates optimism for Pemex extending Perdiz plant contract with Coastal Contracts, despite a cut in target price. 'Buy' recommendation maintained.

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.
In 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.
Is this anot...