- So, this is adulting by DoitDuit
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Coastal Contracts
Coastal Contracts Investor Briefing: Key Updates on 26 Dec 2025
Jan 2026 Site Visit to Farm Fresh with the Community; Coastal Contracts secured a US$1.14 bil (RM4.64 bil) Mexico contract, boosting its order book to RM7.4 bil. Key projects include a 2nd Papan Plant (COD Nov 2026) and a potential 2nd Perdiz Plant. Cash is prioritized for CAPEX, with payment risks mitigated via trust accounts.
COASTAL: Selling Below Net Cash but Still Growing
Coastal Contracts trades at 0.4x book value and 0.8x net cash (~RM950 million) following the successful collection of previously written-off receivables. Market sentiment is improving as major client PEMEX’s credit rating was upgraded to BB+ with stable outlooks. The company recently secured a US$1.14 billion (RM4.64 billion) gas project, boosting its total order book to RM7.5 billion through 2035. With RM190 million in new shipbuilding orders and a 25% JV dividend payout policy, COASTAL looks fundamentally undervalued.