Coastal – second round?

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#1
I bought Coastal a year before Covid-19 and sold it early last year. I have 2 Bursa energy services companies that I use as references when hunting for companies in this sector – Deleum and Dayang.

I the past these 2 companies ROE outperformed that of Coastal but over the past 2 to 3 years, Coastal ROE have overtaken them.

When I look at the ROE vs share price trend, I found that currently they are diverging – the ROE is going up while prices are declining.

[Image: Coastal.png]

Is this another opportunity to go in?
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#2
Coastal Contracts – a new hope from its pivot in business direction

A decade ago, Bursa Coastal Contracts earnings was from building ships for the oil & gas sector. But the downturn in the oil & gas sector affected this business. The company pivoted to providing gas production platforms.

Today the company is exiting the shipbuilding sector to focus on providing and operating oil & gas production platforms. The company has yet to rebuild its return to the heydays of shipbuilding. But this new business direction looks more positive than being in the shipbuilding business.
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