Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


RHB Research maintains Buy on Coastal Contracts, raises fair value

Bursa Community :: Community News

Go down

RHB Research maintains Buy on Coastal Contracts, raises fair value Empty RHB Research maintains Buy on Coastal Contracts, raises fair value

Post by Cals Tue 01 Apr 2014, 01:20

RHB Research maintains Buy on Coastal Contracts, raises fair value
Business & Markets 2014
Written by theedgemalaysia.com   
Monday, 31 March 2014 07:52

KUALA LUMPUR (March 31): RHB Research has maintained its Buy rating on Coastral Contracts Bhd with a higher fair value of RM5.57 after Coastal Contracts secured orders totaling RM178 million for five vessels that are slated for delivery in FY14 and FY15, bringing its total orderbook to RM2.44 billion.

In a note Monday, the research house said it was revising its FY14/FY15 earnings forecasts for Coastal Contracts as it assumed a higher FY14 profit margin, lower ASP per vessel in FY15, and start-up costs relating to Pemex’s jack-up (JU) gas compression unit in 2HFY15.

“Buy, with a higher SOP-based fair value of RM5.57,” it said. 
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum