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KLSE: VELESTO       VELESTO ENERGY BERHAD
Last Price Avg Target Price   Upside/Downside Price Call
0.23 0.28     +0.05 (21.74%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
13/02/2019 0.21 0.25 +0.04 (19.05%) HOLD HLG Price Target News
26/11/2018 0.255 0.27 +0.015 (5.88%) HOLD HLG Price Target News
26/11/2018 0.255 0.33 +0.075 (29.41%) BUY BIMB Price Target News
26/11/2018 0.255 0.24 -0.015 (5.88%) HOLD AmInvest Price Target News
26/11/2018 0.255 0.30 +0.045 (17.65%) BUY Affin Hwang Capital Price Target News


Price Target Research Article/News (past 6 months)
13/02/2019  HLG Velesto Energy - Secured USD38m Extension Contract - HLIB
26/11/2018  HLG Velesto Energy - Below expectations
26/11/2018  BIMB Velesto Energy - Sustaining recovery
26/11/2018  AmInvest Velesto Energy - No relief from low charter rates
26/11/2018  Affin Hwang Capital Velesto Energy - 3Q18: Turning Profitable Delayed by a Year



  20 people like this.
 
signalmw (美国.纽约21日讯)国际油价20日收盘下跌。

当天美国股市大跌令市场避险情绪明显升温,传统意义上被视为高风险的石油资产遭到投资者抛售。
21/12/2018 10:31
azmini Thanks a lot steven_c.
21/12/2018 12:15
Shareview123 Velesto , Hibiscs , Dnex , Sapnrg all making u turn , going up .
21/12/2018 15:09
mikeann Stock grossly oversold. Rebound imminent. First resistance at 0.20
21/12/2018 19:47
johnbrooks Based on people's comments, at best velesto can only make small profit even at almost 100% utilisation rate. Mainly becos the charter rate is low at the moment. Even if oil price recover back to $70/bl, charter rates would still not rise much. Then why are investors still buying or holding to this stock? Why not look elsewhere?
25/12/2018 07:24
Airline Bobby Pnb will do something. They own it.
26/12/2018 21:48
paperplane Use pnb investor money to bailout, wtf
26/12/2018 22:03
offshore In reality, this company is owned by its financiers. There is only so much PNB can do. Now the price is so cheap, PNB should be able to easily take it private. Why don't they do that? The contracts won by this company are also mostly short term. Due to that, there will always a short idling period before restarting another contract with another client. It's going to be difficult to achieve full utilization. Even a single day without revenue is a significant amount.
27/12/2018 09:04
James Ng https://klse.i3investor.com/blogs/general/188133.jsp
[转贴] [VELESTO ENERGY BERHAD:新的钻探合同数量有所增加,集团正在积极竞标和谈判新合同以取代即将到期的合同,通过出售及关闭没贡献的附属公司] - James的股票投资James Share Investing
29/12/2018 11:20
Money122 1. Velesto Energy Bhd

Formerly known as UMW Oil & Gas Corp Bhd before its rebranding in May, Velesto Energy Bhd failed to reach an expected turnaround by the end of its financial year ending Dec 31, 2018 (FY18) on lower utilisation of its rigs.

The stock was picked on expectations that its utilisation rate would register at 80% in FY18, but it had fallen to 75% in the third quarter of the year.

The group’s share price, which shot up to a one-year high of 46 sen on Jan 8, declined throughout the year to an all-time low of 17.5 sen per share on Dec 20.

The stock closed down 0.5 sen or 2.78% to 17.5 sen yesterday, leaving the group with a RM1.44 billion market value.

Although the group recorded a net profit of RM5 million in its first quarter of 2018 (1QFY18), it fell back into the red in the following two quarters, resulting in a net loss of RM32.6 million over the nine-month period ended Sept 30, 2018 (9MFY18).

Revenue has also underperformed in 9MFY18, down 2.73% to RM383.9 million versus RM394.7 million a year ago.

In October, Velesto president and executive director Rohaizad Darus told The Edge Malaysia weekly that he believes the worst is over for the company as it had cleaned up its balance sheet and is bidding for some US$500 million worth of jobs.

Analysts seem to agree as the counter is still favoured as a “buy” recommendation by five out of seven analysts with an eye on the stock. According to Bloomberg data, the consensus 12-month target price is 30 sen.

“With an improving outlook over the next 12 months, any short-term weakness in share price is an opportunity to accumulate,” said Maybank Kim Eng in a Nov 2018 report on Velesto.
30/12/2018 02:51
HuatlaiOnglai Many thing have change in Dec from Nov. With lower oil price it’ll push petronas to relook at their 2019 plan. Petronas plan for 2019 is based on Brent at 66/tong.
01/01/2019 21:50
newbie911 Right issue 0.3....now 0 .175.
Who subcribe it, bang head ?
05/01/2019 08:37
offshore I know many people subscribed because subscribers got warrants as sweetener. I wonder if the warrant has any value now.
07/01/2019 09:46
ampabella bang head, bang ball, bang Wall, bang everything, this is velesto
09/01/2019 21:51
HuatlaiOnglai Impressive. Can it sustain? Need more good news to drive price up.
10/01/2019 11:40
kenie Problem malaysia oil gas company.
https://klse.i3investor.com/blogs/muze/
10/01/2019 16:37
888newbie CNY party started. Get ready to sell at 0.30
10/01/2019 16:37
286210 Yeah CNY party.. Brent crude up again, now passed USD60. OPEC will implement production cut by Q2 this year?
10/01/2019 17:01
Huatexpert Velesto active, up 8.11% on positive technicals
On the way towards 0.30

http://www.theedgemarkets.com/article/velesto-active-811-positive-technicals
10/01/2019 17:57
iamkkk Possible to reach 0.30 before CNY ? Feel hopeless about this company.
11/01/2019 11:49
Money122 “我们看到捷硕越南发电厂价值,并发现产业问题将在今年内获解;VELESTO能源今年有望攫取更多合约,有助盈利复苏,而建筑业捎来正面消息,可能强化投资者对家盟吉的信心。”
14/01/2019 00:37
digi_three Velesto warrant shoots up 0.215 today from 0.005?? why mother share still at 0.21 ??
14/01/2019 12:37
Money122 Son up; mother will up too soon?
15/01/2019 02:56
offshore Up? Q4 announcement coming soon. I wonder if there will be impairment again. After so much impairment year after year and debt restructuring, still having quarterly losses. I guess when the management said they will be cash flow positive, this is on the premise if they can achieve 100% utilization.
17/01/2019 09:25
Surewind I honestly think some one accidentally bought warrant instead of mother. It was for 100 lot not much ringgit, but still an expensive mistake.
17/01/2019 09:31
Lewis Lee cold eyes recently recommend oil & gas counters, hope for the best !!
Hopefully Cold Eyes will accumulate Velesto !!
17/01/2019 17:13
Mar2083 Why sedden up?
18/01/2019 15:12
cwsupporter can try ELKDESA-LA
18/01/2019 15:14
NaasifBaik got news on velesto?
18/01/2019 16:59
neverlose will check out elkdesa-la
18/01/2019 17:30
matg Post removed. Why?
26/01/2019 11:51
Leverage Velesto Energy bags US$38m contract extension for North Malay Basin

https://www.theedgemarkets.com/article/velesto-energy-bags-us38m-contract-extension-north-malay-basin
12/02/2019 20:41
100000668624314 up today ... hope is always there
13/02/2019 10:08
OngOngMou Velesto got good news
13/02/2019 10:08
H12345 Drilling activities are picking up so they should get more jobs, the question is how well the jobs are managed, last Q results was disappointing.
13/02/2019 10:26
SK1200 Collecting mode first..
14/02/2019 16:40
Mar2083 Will up today
15/02/2019 06:30
whitesheep buy now before too late
18/02/2019 12:23
263263 Buy buy buy
18/02/2019 15:17
Mar2083 30sen coming soon
20/02/2019 19:00
263263 Buy buy buy again
20/02/2019 22:00
freddiehero wah wan b superman
20/02/2019 22:42
Airline Bobby Ini kalilah !
21/02/2019 00:12
steven_c Thank goodness Velesto bagged a US$38mil contract recently. I am trusting the management to be more aggressive to win more, especially from Petronas. If price of crude oil rises further, it will be a bonus for oil and gas counters. Wishing the best of luck to all.
21/02/2019 09:52
JJchan scratching my head as to when to top-up some.----Real fear is Not Velesto but Sap's 4Q announcement date. Sap got many Jack-up Rigs and i have Not heard they got any locked-up contract for these Rigs ( some impairment loss possible + regular loss expected= not good 4Q )

So it boils down to who release 4Q first-----Velesto first, everythings fine ( earns a few cents and
spend on Big Dinner )
21/02/2019 13:46
offshore Sapnrg rigs are not jack up, they are tender rigs. Tender rigs are not easy to get contracts cause it has to be installed on the platform itself and only certain platform can support that, unlike jack-ups which can be used on many types of platform.

Main question is whether there will be further impairment or reversal of impairment in this Q4.
21/02/2019 14:22
JJchan Thank you for the correction
21/02/2019 14:30
888newbie Equally important to ask is the breakeven utilisation rate.
22/02/2019 09:53
SuperPanda coming back for velesto.. bought .235 today
22/02/2019 20:08
yiniugongxiong VELESTO 5243 INFORMATION OVERVIEW 1
https://yiniugongxiong.blogspot.com/2019/02/velesto-5243-information-overview-1.html
23/02/2019 18:41

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