Huge Coastal order book to buoy earnings

TA Research says Coastal has submitted tenders totalling RM8.7bil. Its order book of RM5.1bil is largely (89%) made up of the Papan engineering, procurement and construction project.

PETALING JAYA: Coastal Contracts Bhd’s long-term earnings visibility is underpinned by a sizeable outstanding order book of RM5.1bil.

It is also a strong contender for Pemex’s new gas projects, particularly the conditioning plants at Ixachi in Mexico.