COASTAL CONTRACTS BHD secures a contract of RM 268 million sales for delivery seven offshore support vessels (OSV), three tugboats and two oil barges. This is the highest contract value secure since year 2009. So the total sales value now is RM 760 million and it is expected for coastal to busy until year 2012.
Below is the news link.
http://www.theedgemalaysia.com/business/181280-coastal-contracts-secures-sales-of-rm268m-for-12-vessels.html
I bought 5000 shares at RM 3.38 recently. Seem like another undervalued counters which just can't move although with the good news.
ReplyDeleteAny comments?
Actually this new contract is just a normal news for coastal~ Coastal used to have more than 1 billion contract book value on hand, but now current it only have around RM 800 million book value on hand.
ReplyDeleteHowever I foresee there is more contracts will be coming soon as many big oil and gas companies are planning to build more vessels.
ReplyDelete:)