February 27, 2012

COASTAL - Persevering in an uncertain market

Stock Name: COASTAL
Company Name: COASTAL CONTRACTS BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 3.25



Coastal Contracts; Buy; RM2.40
Price Target: RM3.25; COCO MK

FY11 earnings in line. FY12F revenues largely backed by its RM610m order book with c.30% gross
margins. Maintain Buy with RM3.25 TP.

Source: HwangDBS Research 27 Feb 2012

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