Sorry type error. I mean it will give positive earning for Financial year ended 31 March 2024 (4th qtr). Buckle up...one more week for the announcement.

This is part of it..more contract to come.

Yes true. Minetech gets contract extension 230mil this year and read this press released..

The company said the contract is from Jan 1, 2024 until Dec 31, 2026.

“The contract is expected to contribute positively to the revenue, earnings and net assets of the company and its subsidiaries for the financial year ending March 31, 2024 onwards to March 31, 2027,” it said.

They said the newly awarded contract will give positive revenue for 1st qtr ended 31 March. 2nd qtr will be much better...fingers crossed, hope for the best. Good luck guys.

Qtr around corner..going to burst soon. After the qtr believed more institutional join in (waiting for EPF). When we call buy @ 0.15, many newbies shouting...then velesto break 0.20 floor. Now we asked collect below 0.30, many shouting again said lousy stock..after break 0.30 NO return back...don't miss the boat.

Buy buy. You wont regret buy this counter. Restructuring with new management team. Even this 1st qtr not promising but future earning is invisible...abg Abdillah boleh..😀

https://www.businesstoday.com.my/2024/05/08/velesto-drilling-down-to-a-better-quarter/

https://paultan.org/2024/05/06/shell-said-to-be-in-talks-to-sell-its-entire-malaysian-petrol-station-network-to-saudi-aramco-report/

Wonder why not Petronas take over this offer..😆😄 Velesto mesti pecut punya.

She's buying also..

EMMA YAZMEEN YIP BINTI MOHD JEFFREY YIP ( Finance Director)...from stock market experience background. You all fikir2 lah.

Selling due to Choy Sen (the founder of minetech) and family member now in midst disposing their shares after Abang Abdillah Izzarim Bin Tan Sri Datuk Patinggi Abang Haji Abdul Rahman Zohari was appointed as Minetech’s Executive Chairman on 3 January 2024. Abang Abdullah owned majority of the Minetech shares now...healthy. Let the Choy Sen family dispose their shares first..later the real game start.

Still got hope...big winning hope. All you need is patience to buy, hold and harvest it when the time comes. Company under restructuring with new shareholders.

In velesto you no need to wait for 2/3 year. Explosion around corner (after dividend). As long higher crude oil price, we're pretty much safer here. All you need is patience.

Hidup..mana ada finish.

This is something to consider
They issued ESOS on 1 nov 2019, exercise price 0.33 (tranche 1) and 6 Nov 2023, exercise price 0.23 (tranche 2).

Ok. Annual report as usual, nothing extraordinary. Only thing I noticed DCR improving from usd77 to usd 94/day (still lower compared with other southeast Asia). They achieved rigs utilization 83% far better than previous year. Order book stood at 1.7 bil.

What in annual report guys. Pls share ?

Ya I'm thinking the same. 1 lot 100 if 900,000 lots = 90,000,000 mil shares. Wow! Kaya lor.

Velesto still a good company..roce improving. You need some patience to reap the benefit.


https://finance.yahoo.com/news/velesto-energy-berhad-klse-velesto-053617324.html

We can see more dividend this year.

Oil price inching up to usd 90 again. Good for DCR. Hope velesto get usd150k to 160k per day.

It will go down, but I don't think drastically. The reward is too small.. just like a small token for those long term holders (IB, institutional, etc.). Yesterday ex-date, let see today..

https://www.nst.com.my/business/corporate/2024/04/1037612/hlib-recommends-investors-eye-velesto-potential-rebound

Energy stocks bull run coming soon.

Oil prices expected to remain high

Analysts said that according to the current trends, along with the shortage in the oil market, oil inventories are expected to further decrease, which in turn will push oil prices to continue to remain high this year.

"Based on IEA forecasts, we believe Brent crude oil prices could rise to US$95 to US$105 per barrel in the near term."

Throughout the year, analysts continued to maintain their earlier forecast, which was to remain unchanged at $85 per barrel.

Year-to-date, Brent crude oil prices have averaged $82.3 per barrel, which is roughly the same level as at the same time last year.

In general, analysts continue to give an "overweight" rating to the oil and gas sector, and in addition to the companies listed above, the preferred stocks include Malaysian International Shipping (MISC, 3816, main board transportation and logistics stocks), Maritime Heavy Industry (MHB, 5186, main board energy stocks) and Velesto Energy (VELESTO, 5243, main board energy stocks).

They bring former ceo/president back. Back in 2019, Velesto, Sapura and sp setia doing good under his realm...This is part of Govn initiative to boost bumi companies.

https://www.klsescreener.com/v2/news/view/1306207/abdul-rahman-said-to-return-to-pnb-team-up-with-raja-arshad-again
Velesto maju kedepan. Don't miss the boat.

Relax lah bro..no dirty words. Just ask only. Doesn't matter if your correct, just want to verified only. Just normal conversation..pls Respect

Statens pensjonsfond utland disposed ready..zero fran.

This is 31st March 2022 announcement lorr..now 2024 ready..biar betui

RJ87
53.8% from PnB. Just matter of time they push all the way up.

RJ, Where you get this info?

I believed yours not yet update?

Are you sure Urusharta Jemaah this hold the portion?

Cannot find any data of it, that's why asked you...

Dont bother them, they all same guy with fake ID.

IB TP setting..
HLIB - 0.35 (buy)
Maybank - 0.35 (buy)
Kenanga - 0.34 (o/perform)
BIMB - 0.34 (buy)
Affin Hwang - 0.33 (buy)
TA - 0.33 (buy)
OGC - 0.31 (hold)
UOB - 0.29 (hold)

Remember what TP kenanga give previously..

Hahaha! All same guy change name only...nice try.

Velesto Energy Berhad's estimated fair value is RM0.52 based on 2 Stage Free Cash Flow to Equity

Velesto Energy Berhad's RM0.28 share price signals that it might be 46% undervalued

The RM0.33 analyst price target for VELESTO is 38% less than our estimate of fair value

These are the drilling companies that were affected by contract termination from Aramco.
1. ADES - saudi based drilling company
2. Shelf drilling (COSL) - owned by China petroleum
3. Valaris and borr drilling - owned by USA

All are established oil companies and mostly operate in midle-east for higher DCR. To remove this rigs to southeast Asia takes very long journey and not profitable
(except maybe for china drilling company). I'm 100% sure not for ADES and Valaris..mereka tak pandang pun perairan Malaysia...come on guys

I don't know this doomstock working for which bank..nice try😂🤣

Just think about yesterday pump and today suddenly throw..with Aramco news. What does it mean. Furthermore that is old news that repeated again. Nothing solid news to show to collect cheap tickets. Bankers you know lah...

Buy buy buy. As long PNB hold it no need to worry. Got strong back from Petronas. CGS claiming is rubbish. Those rigs terminated by Aramco will go to Europe. European b
Pay high DCR. They not interested in southeast Asia.

Raya window dressing....lai lai 0.40.

Perdana 0.335..when Velesto?

Seems like institutional buying.

Yes it will give you total disappointment even can dip to the lowest price as possible to frustrate the weak holders and force them to sell. Those got strong holding power eventually get the reward. Velesto in uptrend with healthy cash balance and huge order in hand.

So Macgyver what is your target re-entry price? 0.22 possible or not?

You cannot get 0.22 anymore unless certain circumstances. If you can get 0.26 is good enough. I consider below 0.30 is okay. In 2019, I enter @ 0.295 and within that year Vele shot up to 0.40 until covid 19 crashed the stock market. Good luck

Buy on weakness. All rigs in full swing and revised DC rate. Up coming qtr should be better than last year.

Can queue @ 0.26/0.265..buy. 1st qtr 2024 expected good result. Lai lai..

Some institutional want collect cheap..

PNB owned 12.62% of Bumi Armada shares. That's huge also.

Be careful. PNB might throw Armada shares.

Today quite hectic day for me. I miss out to lock TP @ 0.31..anyway I managed to locked @ 0.295..take some profit first la. Q to buy again below 0.28 consider ok la. I changed my investment technique...hold to long boring, no excitement in there..😁😆.

Most probably EPF will start buying soon. It will help to push the price up further. EPF always looking for quick money.