Malaysia Stock Market Daily Update: Coastal Contracts reported a 65.9 percent droop in its 4Q15 net income to RM13.3 million from the net benefit of $39.1 million a year ago, on the back of a 2.3 percent plunge in income and money costs taking off to RM4.7 million.
Entire year net benefit remained at RM137.8 million, a drop of 27 percent, as a consequence of a testing oil and gas division.
Entire year income, notwithstanding, expanded just about twofold to RM1.6 billion fundamentally because of the offer of the raise rig Coastal Driller 4001 in 3Q15.
In a different declaration, the gathering has reported that it has secured contracts for the offer of eight vessels, for a total estimation of RM185 million.
To date, the gathering's request book is roughly RM2.77 billion and the greater part of the vessels are required to be conveyed in 2016.
Daily Malaysia Hot Stock List:
Recommend to BUY PUC Above .10 TGT Was .11 with Stop loss below .09
Achieved 1 st TGT and book Profit.
Entire year net benefit remained at RM137.8 million, a drop of 27 percent, as a consequence of a testing oil and gas division.
Entire year income, notwithstanding, expanded just about twofold to RM1.6 billion fundamentally because of the offer of the raise rig Coastal Driller 4001 in 3Q15.
In a different declaration, the gathering has reported that it has secured contracts for the offer of eight vessels, for a total estimation of RM185 million.
To date, the gathering's request book is roughly RM2.77 billion and the greater part of the vessels are required to be conveyed in 2016.
Daily Malaysia Hot Stock List:
- Uems
- Kialim
Recommend to BUY PUC Above .10 TGT Was .11 with Stop loss below .09
Achieved 1 st TGT and book Profit.
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