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0.135   -0.005 (3.57%)  0.135 - 0.14  17,080,600
18,291 comment(s). Last comment by shark3011 at Jan 16, 2021 11:03 AM
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Allantanks
409 posts

Posted by Allantanks > Nov 9, 2020 8:11 PM | Report Abuse

tmr gap up。 0.15.


onionchong
243 posts

Posted by onionchong > Nov 9, 2020 9:34 PM | Report Abuse

Already gave up this counter. Oil fly, this counter never fly. Sometimes might even drop. Now i only hope it reach my entry price, can't wait to sell off this stupid counter


tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 9:52 PM | Report Abuse

Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 %)
Brent at => $42.77 (+3.32) (+8.42 %)

Huat ah ! Heng ah ! Ong ah !


Macgyver11
562 posts

Posted by Macgyver11 > Nov 9, 2020 10:08 PM | Report Abuse

https://amp.cnn.com/cnn/2020/11/08/investing/global-stocks/index.html#aoh=16049307063355&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s


Macgyver11
562 posts

Posted by Macgyver11 > Nov 9, 2020 10:08 PM | Report Abuse

https://amp.cnn.com/cnn/2020/11/08/investing/global-stocks/index.html#aoh=16049307063355&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s


SinGor
2378 posts

Posted by SinGor > Nov 9, 2020 10:26 PM | Report Abuse

Oil up so much(3.50) just bcos pfizer said its vaccine is 90% effective. Dow fut. now up 1,693
Tomolo Bursa up how much??


tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 11:25 PM | Report Abuse

Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html


tkl88
8711 posts

Posted by tkl88 > Nov 9, 2020 11:25 PM | Report Abuse

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.


tkl88
8711 posts

Posted by tkl88 > Nov 10, 2020 12:18 AM | Report Abuse

Walaoeh, Dow Jones spike up to sky high !


tkl88
8711 posts

Posted by tkl88 > Nov 10, 2020 12:18 AM | Report Abuse

As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !


Millionairegig
597 posts

Posted by Millionairegig > Nov 10, 2020 12:24 PM | Report Abuse

Start moving...in


SingaLingum
19 posts

Posted by SingaLingum > Nov 10, 2020 4:21 PM | Report Abuse

Lam tiao tiao here and wait rocket ^^


NPRA1985
3280 posts

Posted by NPRA1985 > Nov 10, 2020 4:44 PM | Report Abuse

How long can the bull run last? Is it due to vaccine? Just afraid of Biden later.


KAQ4468
20987 posts

Posted by KAQ4468 > Nov 10, 2020 5:19 PM | Report Abuse

Peewiittttt


KAQ4468
20987 posts

Posted by KAQ4468 > Nov 10, 2020 5:20 PM | Report Abuse

Buy 10 cents
Sell 40 cents


KAQ4468
20987 posts

Posted by KAQ4468 > Nov 10, 2020 5:20 PM | Report Abuse

Apa lagi mau???


tkl88
8711 posts

Posted by tkl88 > Nov 11, 2020 2:10 AM | Report Abuse

Wow, oil price continue to spike up !
As at 1.20am,
Nymex=> $41.29 ‪(+1.00) (+2.48 %)‬
Brent => $43.44 ‪ (+1.04) (+2.45 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬


tkl88
8711 posts

Posted by tkl88 > Nov 11, 2020 8:00 AM | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !
Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 %) !

Huat ah ! Heng ah ! Ong ah !


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:09 AM | Report Abuse

Good indicator. Urusharta sold off before oil price started to rebound strongly since yesterday, no longer a major shareholder now. Last time, when urusharta dumped mct shares, it fell below 10sen and now recovered to 17sen. The same effect will happen to velesto especially the oil price has recovered substantially now?


URUSHARTA JAMAAH SDN BHD 05-Nov-2020 Notice of Person Ceasing 27,462,900


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:10 AM | Report Abuse

how high can it be recovered from here?

52 Weeks Range: 0.09 - 0.41


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:14 AM | Report Abuse

velesto has carried out capital reduction to remove accumulated losses in the past. For the 1st half, overall it was profitable. As such, velesto can declare dividend from now.


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:17 AM | Report Abuse

Now, urusharta dah tiada lagi senang untuk m&a bagi velesto. Jikalau Sapura yang lebih besar acquire velesto, harga naik bukan? :)

The next potential merger is between Sapura Energy and Velesto. Other than PNB as major shareholder in the two companies, Velesto is also owned by Urusharta Jamaah with a 5.3% stake while EPF has a marginal 2.3% holding, making the total shareholding of the three shareholders at 54.2%.

Sapura Energy is 2.8% owned by KWAP and hence the combined stake together with PNB is 42%.

A merger between the two will result in a combined entity with total market value of about RM2.66bil. Not very big in the scheme of things but the merger of two companies in similar business does make sense.


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:27 AM | Report Abuse

Dalam bulan march 2020 (MCO/PKP) dari 31sen kepada 9sen dan naik kepada 19sen(tertinggi) bulan april 2020 walaupun harga minyak dalam bulan april 2020 jauh lebih rendah daripada harga terkini.




Velesto Energy Bhd (VELE)


VELE Historical Data

Time Frame:
11/22/2018 - 11/11/2020


Date Price Open High Low Vol. Change %
Nov 20 0.125 0.110 0.130 0.105 93.43M 8.70%
Oct 20 0.115 0.125 0.135 0.110 327.82M -11.54%
Sep 20 0.130 0.145 0.155 0.125 844.75M -10.34%
Aug 20 0.145 0.140 0.175 0.135 1.90B 3.57%
Jul 20 0.140 0.150 0.160 0.140 1.13B -3.45%
Jun 20 0.145 0.160 0.185 0.145 2.06B -6.45%
May 20 0.155 0.145 0.190 0.125 3.57B 6.90%
Apr 20 0.145 0.115 0.190 0.115 2.70B 26.09%
Mar 20 0.115 0.280 0.310 0.090 2.21B -61.67%***********31sen bulan MCO
Feb 20 0.300 0.330 0.375 0.290 376.55M -13.04%
Jan 20 0.345 0.380 0.410*** 0.340 668.56M -9.21% HARGA TERTINGGI TAHUN INI 41sen**************************


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:28 AM | Report Abuse

>20mil shares traded :)


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:29 AM | Report Abuse

Velesto Energy - Gloomy Outlook In 2H2020
Date: 26/08/2020

Source : BIMB
Stock : VELESTO Price Target : 0.16 | Price Call : HOLD
Last Price : 0.125 | Upside/Downside : +0.035 (28.00%)

Back

Overview. Velesto fell into core loss of RM15m in 2Q20 on lower asset utilisation rate. Revenue declined 10% yoy and 20% qoq to RM141m as utilisation rate declined to 67% (2Q19: 74%; 1Q20: 86%). EBITDA margin declined to 43% (2Q19: 48.9%, 1Q20: 54.5%) as the company incurred additional expenses worth RM11m in relation to Covid-19 pandemic.
Key highlights. 1H20 average asset utilisation rate improved to 75% from 70% in 1H19.
Against estimates: Below. 1H20 EBIT of RM37m made up 67% of our FY20F EBIT. We deem this as below forecast in anticipation of weaker 2H20 on lower drilling activities. Main deviation against our forecast stemmed from lower utilisation rate and higher depreciation charges and effective tax rate.
Outlook. Capex and opex cut by oil companies has resulted in lower drilling activities. Currently, only 5 out of Velesto’s 7 rigs (implies max utilisation of 70%) are working with some contracts expiring in the next few months.
Earnings revision. We cut our FY20F/FY21F/FY22F earnings forecast by 856%/70%/142% (Table 2) as we revise lower our utilisation rate and increase depreciation and tax expenses. We now estimate the company to record loss after tax of RM62m/RM76m/RM94m in FY20F/FY21F/FY22F.
Our call. Maintain HOLD on the stock with lower TP of RM0.16 (from RM0.17) which implies 0.5x FY20F P/B. We think the company has low liquidity risk based on its low gearing ratio of 0.37x while the next bullet debt payment may only come due in 2022.
Source: BIMB Securities Research - 26 Aug 2020


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:33 AM | Report Abuse

Velesto bags RM541m Carigali Hess contract | The Edge ...www.theedgemarkets.com › article › velesto-bags-rm54...
Nov 5, 2019 — The contract will commence in the second half of 2020 for a duration of three years, with three extension options of six months each. Velesto ...


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:33 AM | Report Abuse

VELESTO announcements | KLSE Screenerwww.klsescreener.com › announcements › stock
VELESTO ENERGY BERHAD. OTHERS. CONTRACT FOR THE PROVISION OF 10K JACK UP DRILLING RIG FOR 2020 DRILLING PROGRAMME WITH ...


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:34 AM | Report Abuse

Kenanga maintains 'outperform' on Velesto, TP at 43 sen | The ...www.thestar.com.my › business-news › 2019/12/12 › k...
Dec 12, 2019 — Following this win, all seven of velesto's drilling rigs would be utilised throughout most of 2020, assuming contract extensions for Petronas ...

Velesto's Q1 net profit at RM16mil, revenue up 39pctwww.nst.com.my › business › 2020/05 › velestos-q1-n...
May 20, 2020 — KUALA LUMPUR: Velesto Energy Bhd registered a net profit of RM16.33 million ... (Q1) ended March 31, 2020 from a net loss of RM22.22 million a year ago. ... seven jack-up drilling rigs are working, all are still under contract.


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:37 AM | Report Abuse

Q1,2020 untung, Q2, 2020 rugi.............. Q1+Q2= 1st half, overall masih untung. :)


Period Ending: Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Total Revenue 140.95 176.27 178.1 208.57
Gross Profit
Operating Income 1.92 35.27 41.13 54.39
Net Income -15.25 16.32 10.2 33.32


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:38 AM | Report Abuse

Velesto - adalah GLC, milik negara. consider one of the safest companies. :)

**consult your fund mgr


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:40 AM | Report Abuse

Jika velesto declares dividend nanti, harga velesto dijangka akan melambung... fingers crossed


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:41 AM | Report Abuse

kemungkinan M&A dengan sapura seperti yang dilaporkan baru2 ini juga akan mendorong harganya untuk naik terus. pihak yang kena acquire akan naik normally


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:43 AM | Report Abuse

inilah penny stock GLC milik negara. tak banyak penny stocks milik kerajaan bukan? tambahan lagi, penny stock yang memperoleh untung 1st half 2020, industri minyak, kini harga minyak kian pulih, dll... M&A barangkali, dll


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:44 AM | Report Abuse

lagipun, akaunnya dah dibersihkan, tiada accumulated losses lagi, boleh bagi dividend anytime now


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:45 AM | Report Abuse

penny stock perdana milik dayang masih rugi, perdana melaporkan kerugian bagi 1st half 2020 tapi velesto memperoleh untung pulak


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:46 AM | Report Abuse

i rasa pelabur akan beralih dari perdana ke velesto , stock industri O&G ini


Victor Yong
8277 posts

Posted by Victor Yong > Nov 11, 2020 10:49 AM | Report Abuse

Velesto - penny stok GLC milik negara, harga minyak sedang naik, akaun dah dibersihkan boleh bagi dividend tiada accumulated losses lagi, dapat untung dalam 1st half 2020, barangkali M&A oleh sapura...

Kalau ada stok O&G macam velesto, tolong bagi tau :)


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:00 AM | Report Abuse

hargA Brent oil Kian pulih/Naik


Brent Oil Futures - Jan 21 (BF1)

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Brent Oil Futures - Jan 21 (BF1)

 RT-Derived 

43.88 

 21:56:46 - Real-time derived data. Currency in USD

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Monthly

 

11/22/2018 - 11/11/2020

DatePriceOpenHighLowVol.Change %Nov, 202043.8937.2244.1135.76393.05K17.16%Oct, 202037.4642.2043.5736.8020.19K-8.52%Sep, 202040.9545.5746.2139.3119.38K-9.56%Aug, 202045.2843.6146.5342.89174.31K4.57%Jul, 202043.3041.4744.8841.0214.42K5.22%Jun, 202041.1537.6743.9437.0012.60K9.27%May, 202037.6626.9838.3025.5014.71K94.83%Apr, 202019.3326.0036.4015.98637.21K-15.00%Mar, 202022.7448.9553.9021.657.36M-54.99%Feb, 202050.5256.1660.0050.055.27M-13.14%Jan, 202058.1666.4171.7557.715.80M-11.88%


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:05 AM | Report Abuse

jika balik 20-30sen Nanti, gembiralah :)


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:06 AM | Report Abuse

Ada pelabur Yang taasub mau sokong penny stocks milik negara macam velesto :)


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:09 AM | Report Abuse

adoi harga Masih Naik


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:09 AM | Report Abuse

harga minyak Naik berterusan Hari ini


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:13 AM | Report Abuse

net assets per share ~36sen, p/b value ~ 0.3x Murah. untung 1st half, boleh bagi dividend anytime


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:14 AM | Report Abuse

akaun juga Dah dicuci bersih cantik


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:17 AM | Report Abuse

dulu right issue pun 30sen. Murah hargA semasa

Rights Issue

UMW OIL


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:18 AM | Report Abuse

akaun Dah diperkuatkan semasa RI at 30sen 3 tahun lepas


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:19 AM | Report Abuse

dulu subsidiary umw glamour lah bekas anal syarikat umw, sop semuanua bagus


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:20 AM | Report Abuse

15-20sen TP jangka pendek


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:28 AM | Report Abuse

china recovery from covid will drive up oil demand

HANGZHOU: Chinese e-commerce giant Alibaba Group Holding Ltd said orders made during its Singles' Day mega-shopping festival had exceeded $56 billion by Wednesday morning, as consumers sought to cash in on a deluge of discounts.

This year's shopping extravaganza comes a week after Alibaba lost almost $76 billion of its market value following China's suspension of the $37 billion listing of Ant Group, the financial technology firm Alibaba owns a third of.

It also takes place as China experiences an economic rebound after getting the spread of the novel coronavirus under control within its borders, following the virus' emergence in the central city of Wuhan late last year.

Alibaba launched the annual online blitz early this year, with two primary discount periods taking place from Nov. 1 through Nov. 3 and again on Nov. 11.

The company will calculate gross merchandise volume (GMV) over the full 11-day period, as opposed to the usual 24 hours.

As of 12:30 a.m. local time (1630 GMT) on Nov. 11, the campaign's GMV had surpassed 372.3 billion yuan ($56.3 billion) with the order rate hitting a record peak of 583,000 per second, Alibaba said.

Alibaba has said it will introduce more than 2 million new products, double last year's amount. Other companies such as Douyin - the Chinese version of Beijing ByteDance Technology Co Ltd's TikTok - JD.com Inc and Pinduoduo Inc are also holding their own Singles Day shopping events.

JD.com, which started its shopping promotions on Nov. 1, said it recorded 200 billion yuan worth of sales by nine minutes after midnight on Wednesday, while electronics retailer Suning.com Co Ltd - part-owned by Alibaba - said it made 5 billion yuan in sales in the first 19 minutes of the day.

Analysts expect this year to be a boon for luxury brands, as Chinese consumers accustomed to going overseas to buy high-end goods are now stuck at home due to coronavirus border closures.

Andy Halliwell, retail analyst at digital consultancy Publicis Sapient, in a client note said, "The lack of consumer tourism which has hit European and U.S. stalwarts like Harrods, Galeries Lafayette and Nordstroms will likely see bigger spending locally".

On China's Twitter-like Weibo, discussions around Singles Day trended while a poll by Sina Entertainment, which garnered 174,000 respondents, found 76,000 people aimed to spend less than 1,000 yuan while only 7,341 planned to dole out more than 10,000 yuan.

Alibaba first launched the shopping event in 2009 and has made it the world's biggest online sales festival, eclipsing Cyber Monday in the United States. Last year, it recorded $38.4 billion in GMV on the day.

Pop star Katy Perry, who has performed at the event before, made an appearance at the company's gala late on Tuesday, albeit via livestream, as travel restrictions on outside visitors remain in place in China. - Reuters


Good123
8984 posts

Posted by Good123 > Nov 11, 2020 11:33 AM | Report Abuse

PNB holds ~50% stake Dalam velesto. Petronas Akan berikan keutamaan kepada velesto. milik negara :)

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