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2021-07-24 12:49 | Report Abuse
Velesto got potential in recovery play in 2021 2nd half !!
according to CGS-CIMB
2021-07-24 12:48 | Report Abuse
5. Recovery plays
These are companies under its ‘add’ call with the highest potential earnings recovery on an absolute basis in 2022 compared with 2021 levels — including those recovering from losses.
“The top five stocks that fit the screening of our definition of growth stocks and offer highest upside to our target prices are Genting (TP: RM6.90), Magnum Bhd (TP: RM2.30), Media Chinese International Bhd (TP: 21 sen), Velesto Energy Bhd (TP: 19 sen) and Genting Malaysia Bhd (TP: RM3.20),” the research house said.
2021-07-01 16:25 | Report Abuse
Kuan's family has been rated the best management in Bursa, have faith with them, hold long term on this company, you will be rewarded !!
remember, amongst all glove players, they still the number 1 in terms of profit margin due to thier brilliant cost management with efficient automation. during oversupply situation, they can just cut selling price and let other inefficient players close shop !!
2021-07-01 16:22 | Report Abuse
If Kuan family all resigns, Harta will drop to 1.00 !!
2021-06-28 13:48 | Report Abuse
The only hope for this "Veryslow" is when insurance company agrees to compensate them for sinked Naga ! It is a blessing in disguise !
According to one analyst's research, the compensation sum could be more than the sinked Naga's net book value (as the prudent management has been written off huge book value thru out the years) , if this happen , they will record huge "exceptional gain" on thier book value + huge cash from insurance could partly settle their outstanding loan liability or give them healthy cashflow to move forward !
Long term investors shall hold and wait for this good news to be released ! By that time then more analysts will start cover Veryslow and queueing up to raise TP to 0.40-0.50 (pre-pandemic average TP)
2021-06-27 13:35 | Report Abuse
My read is Veryslow is currently neglected due to uncertainty surrounding its sinked Naga and the insurance compensation.
I just checked , most "folk king stool pick" analysts cease coverage on this Veryslow pending new development of the above issue !!
2021-06-24 14:01 | Report Abuse
If oil price back to super cycle and reach USD100, those buy oil counters at dirt cheap price will surely HUAT HUAT HUAT !
Veryslow's TP = 0.50 by year end, TP = 1.00 by 2022
2021-06-24 13:58 | Report Abuse
KUALA LUMPUR (June 24): AmInvestment Bank Research has maintained its "overweight" rating on the oil and gas (O&G) sector for the next 12 months as crude oil prices have risen by 74% to US$75 per barrel currently from an average of US$43 per barrel in 2020, supporting a global resurgence in capex roll-outs and structural rerating prospects of independent exploration and production (E&P) producers and service providers.
Its analyst Alex Goh in a note today raised his 2021 to 2022 crude oil price projection by US$5 per barrel to US$65 to US$70 per barrel versus the 2021 year-to-date average of US$65 per barrel.
Goh also noted that based on a base case demand scenario premised on projects deemed likely to be sanctioned, Rystad Energy expects global liquids supply shortfalls of 22 million barrels per day (bpd) (22%) by 2030 and 28 million bpd (35%) by 2040.
"Hence, substantive global investments are still required over the next 10 to 20 years to stave off the projected supply deficit. In the absence of such investments, we expect another super bullish cycle, similar to the 2004–2007 run-up, which will drive crude oil prices to levels well above US$100/barrel," he said.
According to Goh, the value of final investment decisions (FID) in Southeast Asia for O&G projects is expected to surge by 3.5 times year-on-year this year to 700 million barrels of oil equivalent, and more than double to 1.7 billion in 2022.
"Malaysia will account for over 80% of Southeast Asia's FID in 2021 and 50% in 2022," he said.
Over the longer term, he said, deepwater investments are expected to be more prominent, peaking at US$6 billlion in 2027 from just US$2 billion in 2020.
He also noted, by 2024, deepwater projects will make up over 60% of the region's sanctioned resources.
Additionally, subsea tiebacks and floater solutions will gain traction as national oil companies optimise their capex under net-zero emission agenda, he added.
2021-06-24 13:53 | Report Abuse
Outlook. We view that the outlook for Velesto is turning positive at this juncture despite its weak 1Q21 results as Velesto currently has 3 out of 6 of its available rigs working with another rig to commence mobilisation by the middle of June. The Company should see sequential improvements in its rig utilisation and profits towards the end of FY21. We forecast Velesto’s utilisation rate to come in at c.45% in FY21 and expect its cost savings initiative to mitigate any short-falls in utilisation rates. Velesto is working with the insurance underwriters and protection & indemnity (P&I) club on the way forward for Naga 7 as the rig and other related liabilities are adequately covered under the Hull & Machinery Insurance and the P&I club. We believe that Velesto would be adequately compensated for Naga 7 and we do not think that Velesto would replace its Naga 7 rig with a new rig.
My suggestion to Veryslow's board :- since the oil price is going up, use the insurance compensation money + bank loan to buy a new "Naga 8" to replace Naga 7 !!
when oil demand is shooting up, so will the charter rate, take the opportunity to ride the next oil & gas super cycle !!!
2021-06-24 12:39 | Report Abuse
oil price UP, "Veryslow" DOWN !!
2021-06-16 13:00 | Report Abuse
KNM 0.20, Armada 0.50, Sapura 0.14 !!!
Veryslow should have traded at 0.30 !!!!!
Where is the insurance compensation money ? once got paid , will be exceptional gain, or maybe declare some dividends and price shoot up !! (i hope and suggest to CEO)
2021-06-16 12:58 | Report Abuse
CEO of Veryslow ! quickly bid for more rig contracts !!!!
2021-06-16 12:57 | Report Abuse
other oil & gas counters already shooting UP but this Veryslow is still sleeping !!!!
2021-06-09 11:37 | Report Abuse
Oil price up but "Very-slow" down !!!!
PKM
2021-06-08 14:05 | Report Abuse
Calvin Tan's faulty analysis exposed !! LOL !
2021-06-02 10:01 | Report Abuse
I haven't seen uncle phillips in I3 ages ago !
Maybe he has woken up already and dare not comment here anymore ??
2021-06-02 09:27 | Report Abuse
calvin Tan. I remember your nemesis Uncle Phillips highly recommended it last year and could not stop promoting the company everyday, how is he doing ? dumping all shares already ??
2021-03-27 21:42 | Report Abuse
Hope that the CEO or board work hard to secure more contarct for their rigs, fully utilize all their rigs then share price only can PECUT back to 40 cents !!!!!!!
2021-03-26 15:50 | Report Abuse
Bursa's new norm :-
Quarterly result record profit , share price DOWN, (most gloves counters)
Quarterly result huge loss, share price UP !!
2021-03-25 12:57 | Report Abuse
The reason for thsi company is :-
"Due to the (+ the lousy managment by the imcompetent Board & CEO), the Board is of the opinion that the financial performance for 2021 will continue to be challenging,"
Other oil & gas companies can report profit, where can't you ??? because of your lousy management !
Resign and balik kampung lah !!! Let a capable CEO to take over !!
LEt's go to the AGM and voice out this lousy CEO !!!!
2021-03-25 12:44 | Report Abuse
this lousy GLC-running company can be another MAS in the making !!!
Loss so many years one day go private by offering 5 cent by PNB !!!
PKM punya company !!!!!
2021-03-25 12:41 | Report Abuse
This company too heavily relies on Petronas !
If Petronas tak mahu cari gali , Velesto's result will be bungkus-ing !!!!!!!
Not like Armada, Sapura, KNM etc... venture overseas to win contract lah !!!
2021-03-25 12:38 | Report Abuse
This company is really P K M liao !!!!!!
2021-03-20 22:40 | Report Abuse
semua oil counters sudah berpecut, "very slow" masih tidur !!!!!
2021-03-05 12:46 | Report Abuse
Velesto = sound like " very slow" ! lol
2021-03-05 12:27 | Report Abuse
This counter is crawling as slow as turtle !!
2021-02-26 15:00 | Report Abuse
I guess Calvin Tan 's too many chun chun calls has left him chun chun bankrupted by his own chun chun calls !! lol
2021-02-18 15:57 | Report Abuse
reach RM1.00 can laugh all the way to bank already lah !!
2021-02-18 14:29 | Report Abuse
By end Feb, TP= at least 20, end March = 20-40, end 2021 (when oil price reaches 100), TP = 1.00 !!!!
2021-02-16 11:06 | Report Abuse
kaunter ini lambat macam kura-kura . . . . . . z z z z
2021-02-15 12:12 | Report Abuse
Even Sapura go overseas and get RM1.8bil contract, Velesto still getting zero contract ??? Apalah CEO ?? All rigs still under-utilized ? 30% only ??
2021-02-15 12:10 | Report Abuse
Velesto s CEO shall go and approach other oil major to get rig contract, surely oil back to USD60, pre-covid level, many oil majors are interested to produce oils for good profit !!!
2021-02-15 12:08 | Report Abuse
petronas 's lousy CEO, pls do sth and award rig contracts , oil price shoot up already still doing nothing ? tak mahu gorek oil kah ? Government makan apa ??
2021-02-09 15:07 | Report Abuse
YES !!! New TP 20 coming by end Feb !
TP 30 by end March !!!
2021-02-09 09:42 | Report Abuse
Should sack petronas CEO for slow in awarding contract !!
2021-02-03 16:39 | Report Abuse
So it means foreign institutions has been "short squeezing" local shorties ?? :) :)
Bursabets are frauds & fakes ?
2021-02-02 16:24 | Report Abuse
https://oilprice.com/Energy/Energy-General/Goldman-Expects-Oil-Demand-To-Rebound-To-100-Million-Bpd-By-August.html
There is another possibility that due to under-investment in capex last year and this year, supply of oil will be tight and eventually it will shoot the oil price UP to 65 when the demand picking up !!
By that time Velesto can demand for high charter rate as many rig companies might close shop
2021-02-02 16:15 | Report Abuse
Use backside to think also knows the QR will be Loss !!
No rigs contract awarded , how to profit ??
2021-02-02 16:14 | Report Abuse
Oil price out also no use lah !
Ask big bro Petronas give out more rigs contract to Velesto then only can pecut !!
Sack this new petronas CEO ! very kedekut and reduce capital expenditure !!
2021-01-28 13:11 | Report Abuse
The way I am reading into this is :- what fund mangers + syndicates are trying to do now, is to press down the share price of all glove stocks, so they can collect them in dirty cheap price !
If you are patient enough to ignore the share price movement, you will win big in the medium terms (when those big funds have collected enough and change tune to fry up with hot news)
If you are impatient and cut loss now, then you fall preys to thier tactic and selling cheap for them to collect !!
2021-01-28 12:41 | Report Abuse
This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!
2021-01-28 12:40 | Report Abuse
This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!
2021-01-28 12:39 | Report Abuse
This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!
2021-01-16 12:49 | Report Abuse
https://www.msn.com/en-my/news/national/norway-warns-of-covid-19-vaccine-risk-after-23-die/ar-BB1cNzKM?ocid=msedgntp
Norway warns of Covid-19 vaccine risk after 23 die
2021-01-14 16:29 | Report Abuse
when is Harta reporting thier last quarter report ? sometime this month right ??
Stock: [HARTA]: HARTALEGA HOLDINGS BHD
2021-08-13 11:33 | Report Abuse
https://klse.i3investor.com/blogs/philip6/2021-08-12-story-h1569709725-the_intrinsic_value_of_Hartalega.jsp
a value investing guru has openly supported this company !!