Clear earnings visibility to uplift Coastal Contracts

PETALING JAYA: TA Research is optimistic about prospects for marine products and services provider Coastal Contracts Bhd, underpinned by clear earnings visibility from its strong order book and the anticipation that its Mexico plants could operate at maximum capacity soon.

In a report yesterday, TA Research said Coastal Contracts’ current expanded order book stands at RM4.3bil with a potential addition of RM666.9mil from contract extensions.