I think the next Q result will be another surprise !! 0.35 to 0.40 is within reach !!

Ekovest .... no need to check the share price !! see you in 2025 !! 👋

The only hope is their corporate structure plan of listing their toll business materialize …. That might take 1-2 years as per one comment earlier on

If the result is good , insiders should have known by now and the share price won’t stay like that !!
This is a lousy company keep delivering loss result ! 😭

I have a bad feeling the coming Q result will be loss again !! 😅

KUALA LUMPUR (May 8): Offshore drilling firm Velesto Energy Bhd (KL:VELESTO) is expected to report that its net profit may more than tripled in the first quarter (1Q) from a year earlier with all of its rigs utilised, Maybank Investment Bank said.

Net profit will likely come in at RM45 million-RM50 million for the three months ended March 31 when the company announces its results on May 23, Maybank IB said in an earnings preview note. That compares to RM14.22 million in 1QFY2023 and RM66.7 million in 4QFY2023.

A drilling job with a daily charter rate of about US$165,000 (RM781,536) won by another company indicates that the market is still currently “very tight” and rates are still rising, Maybank IB said. “Local drilling outlook is still robust, in our view.”

Shares of Velesto have climbed nearly 20% so far this year amid optimism that elevated oil prices will further boost demand for its services, and analysts broadly think there is more upside to the company valued at over RM2.2 billion on Bursa Malaysia.

A majority of seven out of eight analysts covering Velesto have "buy" calls on the stock and only one "hold" rating. The consensus 12-month target price is 33 sen, suggesting a further 18% gain from current prices.

Still, the stock has been under pressure since April amid concerns that Saudi Aramco's broader suspension of jack-up rigs may prompt owners to send their idling assets elsewhere and pressure charter rates.

Velesto announced in March 2024 that it has secured contract extensions for Naga 2, Naga 4 and Naga 6 for the next two years while its Naga 8 is contracted till October 2025. That leaves only Naga 3 and Naga 5, which according to Velesto, are in bids and negotiations for contracts till end-2025, Maybank IB noted.

“With that, we conclude that Velesto is pretty much shielded until then, as all of its rigs will be fully utilised for the next 18 months,” Maybank IB noted. Utilisation rate will likely come in at 94% with an average blended daily charter rates of US$98,000, according to Maybank’s forecast.

Maybank IB added that it is confident that Velesto will continue to show earnings growth over the next two years.
Source: TheEdge - 9 May 2024

TP = 40ct soon !!

Conmen & major shareholders Huat Liao lah !! Retailers got cheated again ! 😭

Wait for 0.005 Sen !

Hidden gem ? Hidden conmen baru betui lah !!
& Conmen's theme play to cheat retailers !! 😡

yes ! TP :- 0.005 coming soon

I queue 10 millions share at 0.005 now !! "execute" !

They should “go Holland “ and build a high way there 🙄

always ...... VERY SLOW !!! 😴

this company bankrupt & PN17 soon ??

conmen are dumping again ??

conman's counter !! many ikan bilis got cheated & trapped !! 😠

syndicates cash out before raya !! WTF

Like that fart king jia lat liao !!! 😭

TP 0.40 coming soon !! 💪

Kenanga Investment Bank has increased its FY2025 earnings forecast for Velesto by 10%, attributing it to a higher average DCR of US$125,000 compared to the previous US$122,500 estimated previously. Consequently, it has revised its TP upward by 10% to 34 sen from the previous 31 sen.

this stool pick IB call for sell at TP 0.18 one year ago !! 🤣.... now has the highest TP of 0.34 !!

https://theedgemalaysia.com/node/705762

almost all fart king stool pick analysts (total 8) call for BUY !!! 😂

next monday all fart king stool pick analysts will rush to up TP to 40cts !!!
all long term investors are going to laugh all the fatt king way to fatt king bank liao !!
Huat ah !!!!!!

bankrupt soon ?

🙏Good news that conmen are resigning as CEO ! No more selling down to whack retailers ! Hopefully

This counter can’t shoot up one … Jia lat ! 😅

Can you trust conman s announcement ?

Tomorrow limit down to 0.10 for sure !! 😭🤣

Coming qtr result reporting loss for sure !!! 😭

TP will be raised to 0.40 soon !!

TP will be raised to 0.40 soon !!

Qr profit EPS = 0.81 , annualized- 3.24 cts , PER 10 - fair price 32 cts ; PER 15 - fair price 48 cts !
Tomorrow all fart king stool pick analysts are going to UP TP from 30ct to 50ct Liao !! Huat ah !!

Tomorrow limit Up !! Hopefully ! 🤣

This conman’s counter will be F already 😭

Got stuck with this conman's counter , no eyes see already !! 😭😭
will forget about it and come back to check the share price in 2025 CNY ! 😂

https://www.youtube.com/watch?v=EgulDMudIlo

watch this youtube, the tuber think that this is a goreng stock !!

next TP = 0.30 !! conman's counter !! 😫

I think the QR result will be released next week

Always beware of counter where major shareholder ? CEO dumping shares like no tomorrow !!
Very likely they bribed those unscrupulous analysts / half past six siput to promote the counter with high TP eg 1.16 to lure retailers to go in for them to off load their shares !! Fatt King bus turds !!

Accumulate more to go holland !!

Fatt !! Trapped in sinking pirate ship already !! 😭😭

CEO & gang pressing down ah !!! jiat lat !!

Will reach TP = 0.30 by end Feb 🙏

i guess the QR result will be very good !

Fatt liao ! Conned by conman already ! 😫

many investors got conned d ... shy away from conman's counters loh ....

cutting edge of conmanship ...!!

don't know also ! I think should have potential to shoot up once news of their listing of Duke high way .... might need fatt king patience .....

so you think this is a conman's counter ??

六六大顺
Luck luck big coming !