【COASTAL 5071 交流专区】沿海工程

icy97

COASTAL CONTRACTS BHD

EX-date	09/09/2013
Entitlement date	11/09/2013
Entitlement time	04:00:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	15% tax exempt dividend equivalent to 3.0 sen per ordinary share in respect of the financial year ending 31 December 2013
Period of interest payment	to
Financial Year End	31/12/2013
Share transfer book & register of members will be	11/09/2013 to 11/09/2013 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Symphony Share Registrars Sdn. Bhd. Level 6, Symphony House Pusat Dagangan Dana 1 47301 Petaling Jaya Selangor Darul Ehsan
Payment date	27/09/2013
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	11/09/2013
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in percentage (%)	15

icy97

沿海工程 獲3.2億船隻供應合約

財經 21 Oct 2013 21:48
（吉隆坡21日訊）沿海工程（COASTAL，5071，主要板工業）獲總值約3億1800萬令吉的岸外支援船隻（OSV）供應合約。

沿海工程向馬證交所報備，獨資子公司即Coastal岸外（納閩）私人有限公司和Thaumas Marine有限公司聯合獲總值約3億1800萬令吉合約。

通過上述合約，該公司將出售6個單位岸外支援船隻。

將是項合約包括在內，沿海工程備有約12.8億令吉船訂單，有待在2014年前交付給客戶。

根據報備文件，是項合約將為沿海工程的2013和2014財年的每股盈利和每股資產帶來正面貢獻。[中国报财经]

Type	Announcement
Subject	OTHERS
Description	Coastal Contracts Bhd (“Coastal” or “Company”) – Vessel Sales Worth Approximately RM318 Million
Coastal is pleased to announce that its wholly-owned subsidiaries have secured contracts for the sales of six units Offshore Support Vessels, which comprise one unit Subsea Support Maintenance Vessel, one unit Platform Supply Vessel and four units Anchor Handling Tug Supply for an aggregate value of approximately RM318 million. Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 21 October 2013, Coastal Group has about RM1.3 billion worth of vessels sales orders awaiting delivery to customers up to 2014. The revenue stream from the latest contracts is expected to contribute positively to the earnings per share and net assets per share of Coastal Group for the financial years ending 31 December 2013 and 31 December 2014. None of the directors and/or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transactions

Attachments

Media Release - 2013 10 21.pdf

icy97

船舶销售创新高激励　沿海工程走高

財经 2013年10月22日
（吉隆坡22日讯）沿海工程（COASTAL，5071，主板工业股）取得3亿1800万令吉，使其船舶销售达到新高水平，股价今日受激励走高。

股价起14仙

沿海工程旗下子公司Coastal Offshore（纳闽）有限公司，和Thaumas Marine公司共获6艘岸外支援船（OSV）销售合约，总值3亿1800万令吉。该6艘船预计在今年和明年交付，並將为该公司2013和2014財政年作出盈利贡献。

肯纳格研究分析员指出，这项合约提高该公司的合约订单至约13亿5000万令吉，使其船舶销售达到新高水平。

该股今日以最低水平3.02令吉开跑，隨后逐渐攀升，並触及全天最高水平的3.20令吉，最终以3.12令吉掛收，全日上涨14仙或4.698%，成为第10大上升股。其全天成交量为364万7900股，比昨日的64万5500股成交量高。

肯纳格研究分析员对于此新合约感到振奋，因在年初至今，该公司的船舶销售订单达到13亿5000万令吉，较去年的6亿9800万令吉，几乎增长1倍。而其2008年最高峰时期的船舶销售则为9亿1920万令吉。

然而，拉昔胡申研究分析员则表示，沿海工程目前的合约订单，在其预期的15亿令吉內。

分析员预期，该公司在2013財政年及2014財政年，分別可取的6亿5000万令吉及8亿5000万令吉订单。因此，拉昔胡申研究维持该公司2013和2014財政年盈利预测。

此外，肯纳格研究分析员指出，自2012年起，该公司的净赚幅预计为15至25%左右，因区域的造船行业已经恢復正常。

该公司的第一项升降式钻井平台（jack-uprig），將于2014年中旬交付，这也让公司从之前建造及脱售的模式，转为拥有本身的资產。

根据肯纳格研究分析员的消息，东南亚一带，目前有多于40项升降式钻井平台合约，將于2013年至2015年届满。

鉴于市场大量的机会，该公司有望取得更多合约。无论如何，分析员暂时维持其2013及2014財政年的盈利预测。

拉昔胡申研究分析员则关注，该公司目前尚未为其即將建竣的升降式钻井平台，取得合约。

该公司表示，若最终无法取得合约，则可能会脱售此升降式钻井平台。鉴于以上不明確因素，分析员不將此纳入其2014財政年盈利预测中。

肯纳格研究分析员维持该股「跑贏大市」投资评级，3.87令吉目標价格；拉昔胡申研究分析员则维持该股「中和」投资评级，及3令吉的目標价格。[东方日报财经]

无心子

跟一跟...

icy97

沿海工程表现理想

二零一四年一月二十二日 凌晨一时五十八分
（吉隆坡21日讯）沿海工程有限公司（COASTAL，5071，工业产品组）公布，在截至2013年9月30日止第3财季，所取得的税前利润按年从2909万6000令吉上调至3955万4000令吉。

该集团致函马交所表示，至于营业额则由前期的1亿7713万5000令吉增加至1亿9465万1000令吉，因为在该季度中交付了6艘船只。

它补充：“管理层预期中至长期的基本面仍然良好，主要是受到油价挺稳，以及发展中的经济体对能源需求不断上升所支撑。”

沿海工程是一家提供范围广泛的海洋服务和船只予全球不同行业客户的公司。[光华日报财经]

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2013	30/09/2012	30/09/2013	30/09/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	194,651	177,135	506,579	570,720
2	Profit/(loss) before tax	39,554	29,096	102,709	89,200
3	Profit/(loss) for the period	39,507	30,530	102,645	90,203
4	Profit/(loss) attributable to ordinary equity holders of the parent	39,507	30,530	102,645	90,203
5	Basic earnings/(loss) per share (Subunit)	8.18	6.32	21.25	18.67
6	Proposed/Declared dividend per share (Subunit)	3.00	2.80	5.80	6.60
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.9758		1.7293

icy97

沿海工程1.4亿售3拖船

财经新闻 财经  2013-12-12 13:28
（吉隆坡11日讯）沿海工程（COASTAL，5071，主板工业产品股）宣布以总额1亿4800万令吉，脱售3艘拖船。

沿海工程旗下子公司———Thaumas海事公司和Coastal海事公司，售出一艘海底支援维修船和两艘低档拖船。

沿海工程在2013财年成功脱售第5批拖船，旗下售船订单总额约13亿4000万令吉。

拖船完成脱售后，预计将推高该公司2013和2014财年净利和营业额。

售船订单创新高

沿海工程执行主席黄振兴表示，配合最新订单，现财年累积售船订单约15亿令吉，成功创下历史新高。

他指出，全球能源需求增长，加上发达国家强劲复苏，估计能源需求将有增无减。

“我们相信，岸外支援船（OSV）订单逐渐增加的趋势，非短期现象。因为原油价格持稳，推动更多岸外勘探、发展和生产活动。”

因此，沿海工程相信，市场钻探和油气合约竞标活动，推高OSV需求，可进一步带动沿海工程的盈利。[南洋网财经]

COASTAL CONTRACTS BHD

Type	Announcement
Subject	OTHERS
Description	Coastal Contracts Bhd (“Coastal” or “Company”) – Vessel Sales Worth Approximately RM148 Million
Coastal is pleased to announce that its wholly-owned subsidiaries have secured contracts for the sales of one unit Subsea Support Maintenance Vessel and two units low-end vessels for an aggregate value of approximately RM148 million. Including the new contracts and after adjusting for revenue recognition from vessels delivered to buyers up to 11 December 2013, Coastal Group has about RM1.34 billion worth of vessels sales orders awaiting delivery to customers up to 2014. The revenue stream from the latest contracts is expected to contribute positively to the earnings per share and net assets per share of Coastal Group for the financial years ending 31 December 2013 and 31 December 2014. None of the directors and/or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transactions.

Attachments Media Release - 2013 12 11.pdf

DarkKnight84

请问这支股的长期价是多少？

icy97

2大利好支撑　沿海工程前景受看好

财经 2013年12月12日
（吉隆坡12日讯）沿海工程（Coastal，5071，主板工业股）再获得3项油气岸外支援船订单，將今年的订单总额推上新高，此外，分析员也期待该公司新的升降式钻井台业务將可以在明年获得合约並作出贡献。        

市场整体看好该公司的前景，该公司股价近日也受到激励走高。该股一度涨至3.46令吉，最终收在3.45令吉，全天上涨16仙或4.86%，是今日涨幅第7大股项，成交量则为64万9200股。

沿海工程独资子公司--沿海海事私人有限公司和Thaumas海事有限公司，获得3艘岸外支援船的销售订单，包括一艘海底支援维修船（SSMV），及两艘低档船。其中两艘船將售予一名原有客户，另一艘则卖给新客户。

拉昔胡申研究指出，保守估计其中一艘船將在2013財政年交货，其余两艘在2014財政年交货。

订单创新高

管理层透露，目前订单水平为13.4亿令吉，新订单將今年至今的销售订单提升至15亿令吉。

13.4亿令吉的订单也將让该公司继续忙碌至2014財政年结束为止。

肯纳格投行指出，新合约將公司的订单总额推向新高，比2012年的6亿9800万令吉高出1倍。

沿海工程2013財政年首9个月的表现大幅改善，主要是因为建造高科技的船只，带来更高的赚幅。拉昔胡申研究分析员相信，该公司赚幅会一直维持在高水平。

管理层之前透露，沿海工程將在2014財政年上半年接收第一项钻井台，该公司目前也紧锣密鼓的洽商钻井台的租用合约。

肯纳格投行分析员相信，沿海工程第一项升降式钻井台，將让该公司从之前的建造及销售模式，转为拥有本身资產的模式经营。

行业消息指出，东南亚一带在2013年中至2015年，將有超过40项升降式钻井台合约到期，分析员预期，这將为沿海工程带来大量的商机。

在东南亚岸外油气市场蓬勃发展的趋势中，拉昔胡申研究分析员也预期，该公司新成立的钻井业务，可望在短期內获得第一项钻井租约。

拉昔胡申研究分析员维持沿海工程2013/14財政年净利预测，同时也维持「买入建议」，合理价为3.77令吉。

另外，在与管理层会面之前，肯纳格投行也暂时维持沿海工程2013及2014財政年的净利预测。分析员给予该股「超越大市」的评级，及3.87令吉的目標价。

分析员也解释说，给予该公司更高的估值主要是因为，看好其新收入来源，以及油气领域造船业务前景转佳，为该公司带来更多的成长机会。

无论如何，分析员认为，值得留意的是公司的赚幅能否持续，以及获取升降式钻井台租用合约的进展。[东方日报财经]

myoke

coastal 今天走势很厉害

无敌小东东

一年前以1.70买进了几千粒，刚才全部都卖光了。。。。。
coastal是一支很有潜能的股，order book排到2015年。

但很可惜都被人炒高了。。以我对这支股的观察，两天后会跌回rm3.60
最好不要给我说中哦。。。

icy97

沿海工程获12亿合约

财经新闻 财经  2014-02-11 12:15
（吉隆坡10日讯）沿海工程（COASTAL，5071，主板工业产品股）获得12.4亿令吉租赁合约，提供升降式气体压缩机给墨西哥国营石油公司Petroleos Mexicanos（PEMEX）。

沿海工程向马交所报备，这项合约由4家墨西哥上游承包商颁发，予沿海工程旗下的Thaumas海事有限公司。

4家墨西哥公司此前与PEMEX的勘探与生产臂膀，签署气体压缩服务合约。

这项租赁合约将在2015年下半年开始，为期8年，可选择延长至12年。

Thaumas海事如今开始打造升降式气体压缩机，预期可在2015年上半年完成。【南洋网财经】

COASTAL CONTRACTS BHD

Type	Announcement
Subject	OTHERS
Description	Coastal Contracts Bhd (“Coastal” or “Company”) – Charter Contract Worth Approximately RM1.24 Billion
INTRODUCTION Coastal is pleased to announce that its wholly-owned subsidiary, Thaumas Marine Ltd has secured a charter contract for a Jack-up Gas Compression Service Unit (“Jack-up”) for an aggregate value of approximately RM1.24 billion from a group of Mexican companies, which in turn has entered into a gas compression service contract with Petroleos Mexicanos (“Pemex”), the Mexican state-owned petroleum company. The construction work will be started immediately and expected to complete in first half of 2015. INFORMATION ON THE CONTRACT The charter contract is for a period of eight years with extension option up to twelve years. The charter contract is expected to commence by second half of 2015. FINANCIAL EFFECTS The charter contract valued at approximately RM1.24 billion is expected to contribute positively to the revenue stream, earnings and net assets of Coastal Group for the financial year ending 31 December 2015 and the financial periods thereafter for the duration of the charter contract. RISK ASSOCIATED WITH THE CONTRACT The risks associated with the contract are mainly the normal business risks for an oil and gas company. Notwithstanding this, the Company has put in place adequate risk management procedures and processes in mitigating these risks. DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST None of the directors and/or substantial shareholders of the Company and persons connected with them have any interest, direct or indirect, in the above transactions. DIRECTORS’ STATEMENT The Board of Directors of the Company is of the opinion that the acceptance of the contract is in the best interest of the Company. The announcement is dated 10 February 2014.

Attachments Media Release - 2014 02 10.pdf

icy97

獲合約財測調高 沿海工程應聲揚

企業財經股市11 Feb 2014 17:27
（吉隆坡11日訊）沿海工程（COASTAL，5071，主要板工業）獲頒價值超越12億令吉升降式氣體壓縮（Jack-up Gas Compression）服務租賃合約，促使券商潛在上調財測。

沿海工程以4.15令吉開跑，短短6分鐘便飆漲16仙至4.25令吉。

隨后，沿海工程收窄升幅，休市時上揚2仙，掛4.11令吉；半日成交量70萬5100股。

午盤，沿海工程延續升勢，截至4時半收在4.10令吉，起1仙，成交量136萬7200股。

報告指出，基于正常化市況，該公司造船業務的淨賺幅從2012財年開始將介于15%至25%。

根據肯納格證券研究根據保守介于15%至25%淨賺幅，及每年1億330萬令吉營業額所作出的初步計算，上述合約每年可獲利介于1500萬至2000萬令吉。

隨著該公司將在2015下半年才展開上述合約，肯納格證券研究沒將這項合約納入2014財年淨利預測考量。

不過，隨著更高的造船收入，及上述合約未來的盈利貢獻，肯納格證券研究探討上修該公司未來盈利預測。

肯納格證券研究維持沿海工程“跑贏大市”投資評級，目標價為4.51令吉。【中国报财经】

icy97

造船和修船贡献高 沿海工程末季净利扬73%

财经新闻 财经  2014-02-26 11:52
（吉隆坡25日讯）由于造船和修船业务贡献更高，激励了沿海工程（COASTAL，5071，主板工业产品股）截至去年底第四季净利表现，飙升72.55%至4897万7000令吉，上财年为2838万5000令吉。

同时，其营业额则达2亿5500万9000令吉，按年扬31.68%，上财年为1亿9365万2000令吉。

该公司向马交所报备，截至去年底，全年净利达1亿5162万2000令吉，按年起27.6%；营业额则微跌0.36%至7亿6158万8000令吉。

派息3.4仙

随着油价回扬，油气领域活动增加，该公司预见未来数年内，业务增长潜能亮眼。

该公司也建议派发每股3.4仙的第二期中期股息，将于3月11日除权。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2013	31/12/2012	31/12/2013	31/12/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	255,009	193,652	761,588	764,369
2	Profit/(loss) before tax	48,223	28,126	150,932	117,596
3	Profit/(loss) for the period	48,977	28,385	151,622	118,858
4	Profit/(loss) attributable to ordinary equity holders of the parent	48,977	28,385	151,622	118,858
5	Basic earnings/(loss) per share (Subunit)	10.14	5.88	31.39	24.60
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	5.80	6.60
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.0871		1.7293

icy97

COASTAL CONTRACTS BHD

EX-date	11/03/2014
Entitlement date	13/03/2014
Entitlement time	04:00:00 PM
Entitlement subject	Second interim dividend
Entitlement description	17% tax exempt Second Interim Dividend equivalent to 3.4 sen per ordinary share in respect of the financial year ended 31 December 2013
Period of interest payment	to
Financial Year End	31/12/2013
Share transfer book & register of members will be	13/03/2014 to 13/03/2014 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Symphony Share Registrars Sdn. Bhd. Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan
Payment date	28/03/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	13/03/2014
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Percentage
Entitlement in percentage (%)	17

icy97

COASTAL CONTRACTS BHD

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	COASTAL CONTRACTS BHD ("COASTAL" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF COASTAL ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of Coastal, Bank Islam Malaysia Berhad wishes to announce that the Company proposes to undertake a private placement of up to 10% of the issued and paid-up share capital of Coastal to third party investor(s) to be identified later. Details of the Proposed Private Placement are set out in the attachment. This announcement is dated 26 February 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1550501

Attachments Announcement_PP (Final).pdf

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	COASTAL CONTRACTS BHD ("COASTAL" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF COASTAL ("PROPOSED PRIVATE PLACEMENT")
(Unless otherwise defined, defined terms used in this announcement shall carry the same meanings as defined in the announcement dated 26 February 2014 in relation to the Proposed Private Placement) We refer to the announcement dated 26 February 2014 in relation to the Proposed Private Placement ("Announcement"). Bank Islam Malaysia Berhad, on behalf of the Board of Directors of Coastal, wishes to announce further breakdown of utilisation of proceeds expected to be raised from the Proposed Private Placement as mentioned in Section 2.6 of the Announcement. Kindly refer to the attachment for further details. This announcement is dated 27 February 2014. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1551473

Attachments Coastal (PP) - Proceeds breakdown.pdf

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私下配售定價RM4.30 沿海工程冀集資2.8億

企業財經12 Mar 2014 23:00
（吉隆坡12日訊）沿海工程（COASTAL，5071，主要板工業）私下配售4830萬股，每股定價4.30令吉，籌資2億770萬令吉。

該公司向馬證交所報備指出，該批股量相等于公司股本的10%，每股4.30令吉相等于5日加權平均股價（VWAP）折價8.65%，其中包括本月11日最后報價4.7072令吉。

早前文告指出，籌資所得大部分將用作營運資本，余下資金則做是項私下配售計劃經費。

該公司指出，通過此方式籌資無需承擔額外成本，完成計劃后擴大股本有助鞏固公司財政並提高股項流通。【中国报财经】

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	COASTAL CONTRACTS BHD (“COASTAL” OR “COMPANY”) PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF COASTAL (“PROPOSED PRIVATE PLACEMENT”)
(Unless otherwise defined, defined terms used in this announcement should carry the same meanings as defined in the announcements dated 26 February 2014, 27 February 2014, 28 February 2014 and 5 March 2014 in relation to the Proposed Private Placement ("Announcements"). We refer to the Announcements in relation to the Proposed Private Placement. On behalf of the Board of Directors of Coastal ("Board"), Bank Islam Malaysia Berhad wishes to announce that the Board had on 12 March 2014 ("Price Fixing Date") fixed the issue price for the placement of 48,306,933 Placement Shares at RM4.30 per Placement Share. The issue price for the Placement Shares of RM4.30 represent a discount of 8.65% to the five (5)-day volume weighted average market price of Coastal Shares, up to and including 11 March 2014 (being the last market day prior to the Price-Fixing Date) of RM4.7072 per Coastal Share. This announcement is dated 12 March 2014.

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COASTAL CONTRACTS BHD

Type	Announcement
Subject	OTHERS
Description	Coastal Contracts Bhd ("Coastal" or "Company") Incorporation of a Foreign Subsidiary Company, Coastal International Marine Inc.
The Board of Directors of COASTAL wishes to announce that the Company has on 19 March 2014 incorporated a wholly-owned subsidiary in the British Virgin Islands known as Coastal International Marine Inc. (“CIM”). The issued and paid up capital of CIM is USD50,000.00. CIM is a company limited by shares and is registered under the BVI Business Companies Act 2004,Territory of the British Virgin Islands. The principal activities of CIM are sale of offshore support and marine transportation vessels, provision of vessel chartering and marine related services. The investment in CIM is financed through internally generated funds. The investment in CIM is not expected to have any material effect on the earnings per share and net assets per share of COASTAL for the financial year ending 31 December 2014. None of the Directors and/or substantial shareholders of COASTAL and/or persons connected with them has any interest, direct or indirect, in the investment in CIM.

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COASTAL CONTRACTS BHD

1. Details of Corporate Proposal
Whether the corporate proposal involves the issuance of new type and new class of securities?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF COASTAL CONTRACTS BHD
No. of shares issued under this corporate proposal	48,306,933
Issue price per share ($$)	MYR 4.300
Par Value ($$)	MYR 0.200
Latest issued and paid up share capital after the above corporate proposal in the following
Units	531,386,166
Currency	MYR 106,277,233.200
Listing Date	26/03/2014

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券商買進心頭好．沿海工程估值 比同行中小企業更吸引

財經股市26 Mar 2014 23:00

券商 ：肯納格證券研究
目標價：5.24令吉

我們看好沿海工程（COASTAL，5071，主要板工業）完成私下配售，對每股盈利造成的稀釋影響不大，加上造船業務處于週期性升勢，甚至比同行其他中小型業者更具吸引力。

沿海工程完成私下配售，籌集2億780萬令吉，作為未來擴充費用，強化財務狀況，並改善流通量。

通過私下配售，我們預計2014和2015財年的每股盈利預測，各別稀釋9.1%至32.5仙和37.4仙。但我們相信升降式鑽油台（jack-up drilling rig）所帶來的盈利貢獻，可降低稀釋每股盈利的影響。

造船業務正處週期性升勢，合約訂單每年介于12億令吉至13億令吉之間。雖然造船業務的淨賺幅正常化至介于15%至25%之間，不過仍然提供豐厚盈利。

該股2014和2015年本益比分別為14.9倍和13倍，比其他中小型業者如烏茲馬（UZMA，7250，主要板貿易）和雲昇控股（YINSON，7293，主要板貿易），更具吸引力。

儘管我們將該公司目標價格從5.76令吉，下修至5.24令吉，但仍維持“跑贏大市”評級。

該股在26日（週三）閉市平盤報4.86令吉，成交量82萬9000股。【中国报财经】