A Brief Look at Coastal Contracts Bhd.

Coastal Contracts Bhd

Business Description:
Coastal Contracts Bhd is a Malaysia-based company engaged in investment holding and provision of management services. The Company, through its subsidiaries, operates in two segments:

1. vessels manufacturing and repairing services, which include fabrication and sale of marine transportation vessels and provision of ship repairs and maintenance services, and 
2. vessels chartering and equipment hire, which include the provision of vessels transportation and equipment hiring services. 

Its subsidiaries are Bonafile Shipbuilders & Repairs Sdn. Bhd., Coastal Transport (Sandakan) Sdn. Bhd., Coastway Transport Sdn. Bhd., Seri Modalwan Sdn. Bhd., Pleasant Engineering Sdn. Bhd., Coastal Marine Pte. Ltd., Coastal Marine Pte. Ltd., Coastal Offshore (Labuan) Pte. Ltd., Asiapride Sdn. Bhd.Thaumas Marine Ltd and Ace Capital Pte. Ltd. Operations are carried out in Malaysia, Indonesia and Singapore.

2004 DPS 1.2 EPS 4.1
2005 DPS 0.9 EPS 4.8
2006 DPS 1.0 EPS 10.2
2007 DPS 1.9 EPS 19.8
2008 DPS 3.5 EPS 27.4
2009 DPS 3.0 EPS 45.0
9M10 DPS 5.0 EPS 40.07 NTA 1.5129


Current Price (7/1/2011): 2.37
2009 Sales 466,058,353
Employees: 420
Market Cap: 859,011,240
Shares Outstanding: 362,452,000
Closely Held Shares: 252,641,000

Recent Financial Results

Announcement Date		Financial Yr. End		Qtr	Period End		Revenue RM '000		Profit/Lost RM'000		EPS		Amended
19-Nov-10		31-Dec-10		3	30-Sep-10		192,091		53,634		14.80		-
24-Aug-10		31-Dec-10		2	30-Jun-10		138,619		48,275		13.32		-
25-May-10		31-Dec-10		1	31-Mar-10		141,142		43,306		11.95		-
22-Feb-10		31-Dec-09		4	31-Dec-09		150,901		54,030		14.97		-

Estimated EPS for 2010 = ttm-EPS = 55.02 sen
Projected PE for 2010 = 2.37 / 0.5502 = 4.3 x

Historical
5 Yr
PE range 3.2 - 8.7
DY range 3.2% - 1.3%

10 Yr
PE range 5.8 - 11.3
DY range 2.5% - 1.2%

Capital Changes

2004  1 to 5 Share Split