PETALING JAYA: Oil and gas services company Coastal Contracts Bhd
’s earnings outlook remains positive, supported by major capital expenditure (capex) plans, inventory build-up, full capacity operations at it gas processing plants, and potential asset-conversion opportunities, analysts say.
TA Research said Coastal is actively expanding its operations with two medium-sized production infrastructure projects, such as floating production storage and offloading (FPSO) vessels and mobile offshore production units, in South-East Asia.
