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KLSE: VELESTO       VELESTO ENERGY BERHAD
Last Price Avg Target Price   Upside/Downside Price Call
0.18 0.16     -0.02 (11.11%)
* 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
08/04/2021 0.175 0.21 +0.035 (20.00%) BUY HLG Price Target News
08/04/2021 0.175 0.26 +0.085 (48.57%) BUY BIMB Price Target News
05/04/2021 0.175 0.21 +0.035 (20.00%) BUY HLG Price Target News
29/03/2021 0.175 0.18 +0.005 (2.86%) HOLD HLG Price Target News
29/03/2021 0.175 0.26 +0.085 (48.57%) BUY BIMB Price Target News
25/03/2021 0.17 0.11 -0.06 (35.29%) SELL KENANGA Price Target News
25/03/2021 0.17 0.18 +0.01 (5.88%) HOLD HLG Price Target News
25/03/2021 0.17 0.26 +0.09 (52.94%) BUY BIMB Price Target News
25/03/2021 0.17 0.24 +0.07 (41.18%) BUY AffinHwang Price Target News
22/03/2021 0.17 0.18 +0.01 (5.88%) HOLD HLG Price Target News
22/03/2021 0.17 0.26 +0.09 (52.94%) BUY BIMB Price Target News
22/02/2021 0.17 0.13 -0.04 (23.53%) HOLD KENANGA Price Target News
07/01/2021 0.14 0.26 +0.12 (85.71%) BUY BIMB Price Target News
30/11/2020 0.14 0.12 -0.02 (14.29%) HOLD HLG Price Target News
27/11/2020 0.135 0.13 -0.005 (3.70%) HOLD KENANGA Price Target News
27/11/2020 0.135 0.12 -0.015 (11.11%) HOLD HLG Price Target News
27/11/2020 0.135 0.14 +0.005 (3.70%) HOLD BIMB Price Target News
27/11/2020 0.135 0.13 -0.005 (3.70%) SELL AffinHwang Price Target News
06/11/2020 0.11 0.12 +0.01 (9.09%) HOLD BIMB Price Target News


Price Target Research Article/News (past 6 months)
08/04/2021  HLG Velesto Energy - Fourth Contract Win in Less Than 1 Month
08/04/2021  BIMB Velesto Energy - Replenish orderbook for NAGA 4
05/04/2021  HLG VELESTO ENERGY - Another Contract in the Bag
29/03/2021  HLG Velesto Energy - Short-term Contracts Secured
29/03/2021  BIMB Velesto Energy - ConocoPhillips hires NAGA 7
25/03/2021  KENANGA Velesto Energy Berhad - FY20 Suffered Poor Rig Utilisation
25/03/2021  HLG Velesto Energy - Better Prospects Ahead Despite Weak Results
25/03/2021  BIMB Velesto Energy - Gradual recovery ahead
25/03/2021  AffinHwang Velesto Energy - Impairment Surprise
22/03/2021  HLG Velesto Energy - Short-term Contracts Secured
22/03/2021  BIMB Velesto Energy - Secured jobs for NAGA 2 & 5
22/02/2021  KENANGA Petronas Dagangan - Suffered from Travel Restrictions
07/01/2021  BIMB Oil and Gas upstream outlook - On recovery path
30/11/2020  HLG Velesto Energy - Expect a weaker FY21
27/11/2020  KENANGA Velesto Energy Berhad - 3QFY20 Sees Lower Utilisation
27/11/2020  HLG Velesto Energy - Lower utilisation rates expected in 4Q20
27/11/2020  BIMB Velesto Energy - Near term earnings risk priced in
27/11/2020  AffinHwang Velesto Energy - Less Depreciation and Finance Cost = Positive Surprise
06/11/2020  BIMB Oil and Gas sector Thematic - Biden win may be positive to oil market



  25 people like this.
 
syafeq87 baru beli = 0.18
this morning 0.185
09/04/2021 3:04 PM
Macgyver11 https://oilprice.com/Energy/Crude-Oil/Southeast-Asia-Looks-To-Increase-Offshore-Oil-Production.html
09/04/2021 6:22 PM
Macgyver11 Wow so many MOU, so many discovery of new oil fields. Petronas need more rigs service from our local players. More short/long term contract will be issuing out by petronas soon. Among the 24 active tenders mostly from Petronas. Velesto = Gold mine...
09/04/2021 6:30 PM
Macgyver11 KNM - closed 0.19c
Velesto - closed 0.18c

So many new joiner said velesto not moving. Remember velesto was trading @ 0.14c on 1st Jan 2021..within couple month moved to 0.18c. Is that fantastic.
09/04/2021 6:38 PM
Flybythenite Which OnG ctr rocket up when whole industry is still tanked by covid? Looking at actual fact and figure, this counter is performing well. I’ve no complaints! :)
09/04/2021 7:06 PM
Macgyver11 There is another two more velesto royal customers that even issue any tender yet...

1) Mubadala petroleum and..
2) Hess carigali

Hope velesto can bid another contract from either one.
09/04/2021 7:30 PM
Flybythenite Like tat easily 19.5 sen soon! :)
4 Weeks Range: 0.165 - 0.195
10/04/2021 12:53 AM
Flybythenite With impairment costs written off last Q4, tis Q1 results should be good and clean ! ;)
10/04/2021 12:59 AM
Macgyver11 https://www.malaymail.com/news/malaysia/2021/04/09/govt-refines-sop-for-international-tourism-via-licenced-tour-operators/1965306

Itu dia...
10/04/2021 7:12 PM
eeeman85 Velesto, Thheavy, Barakah and Icon.... Let's all in
10/04/2021 9:00 PM
HuatlaiOnglai RM2.9B tender....in a niche market with Velesto being the front runner to secure upcoming tenders. With the niche play, one can assuming they secure 50% (RM1.5B) tender as low case probability and high case 90% of the tender with a strong upside to the share price.
12/04/2021 8:28 AM
JJchan another 2 contract win will surely ends Velesto in Full Circle , back to 30cents
12/04/2021 8:42 AM
JJchan https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210409.pdf

2 weeks ago I still see velesto being "Short" by RSS ( 10mil ++) ------Last Friday All Gone
Even Shorties have All Buy Back
12/04/2021 9:01 AM
JuliusCeasar Oil price spike again and moving north.... Hope touch USD 65 today....
12/04/2021 9:33 AM
Macgyver11 JJchan another 2 contract win will surely ends Velesto in Full Circle , back to 30cents
12/04/2021 8:42 AM

Yup exactly...still got one more indication to look for before the price hike up.

Institutional investors
12/04/2021 10:24 AM
bullmarket1628 Walaoeh, oil price continue to spike up like mad !‬
‪Brent now at $63.67 ‪ +0.72 +1.14%‬
12/04/2021 7:12 PM
Macgyver11 Sapura, knm and perdana sdh goyang hari ini...velesto still strong.
13/04/2021 5:26 PM
bullmarket1628 Walaoeh, oil price continue to spike up to sky high !
Brent now at $64.04 ‪+0.76 +1.20%‬

‪Huat ah, Heng ah, Ong ah !‬
13/04/2021 10:07 PM
limitupmeh last buy 0.180 big fund masuk
13/04/2021 11:28 PM
bullmarket1628 ‪Wow, oil price continue to rise !‬
Brent now at $64.12 ‪+0.45 +0.71%‬
14/04/2021 11:42 AM
bullmarket1628 Walaoeh, oil price continue it's bull run !
Brent now at $64.72 +$1.05 +1.65%

‪Huat ah, Heng ah, Ong ah !‬
14/04/2021 5:17 PM
Flybythenite Shell contracts Velesto rig for Malaysia campaign
Save to read list Published by Nicholas Woodroof, Deputy Editor
Oilfield Technology, Friday, 09 April 2021 15:00

Velesto Energy Berhad (VEB) has announced that Velesto Drilling Sdn Bhd (VED), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from Sarawak Shell Berhad/Sabah Shell Petroleum Co. Ltd. (SSB/SSPC) for a contract for the provision of jack-up drilling rig services.
The contract is for VEB’s jack-up rig NAGA 4 to drill seven firm wells, with an estimated contract value of US$17.68 million. The expected commencement date is between 15 August 2021 to 15 October 2021.

NAGA 4 is an independent-leg cantilever jack-up drilling rig that has a drilling depth capability of 30 000 ft and has a rated operating water depth of 400 ft.
14/04/2021 10:05 PM
Flybythenite Oil price climbing up now!
65.00 +1.33 +2.09%
14/04/2021 10:11 PM
Allantanks Brent 66.
14/04/2021 11:12 PM
bullmarket1628 Oh My goodness, oil price was super damn hot man !
Brent closed at $66.22 +‪ 2.55 +‬ 4.0%
‪Like that today all O&G counters including Velesto going to limit up already liao lah !‬

‪Huat ah, Heng ah, Ong ah !‬
15/04/2021 7:31 AM
Macgyver11 Wow! Brent now usd66+ guys...
15/04/2021 8:27 AM
Macgyver11 If like that one more contract coming soon..
15/04/2021 8:27 AM
JoshuaMS7 buy buy buy!!
15/04/2021 8:45 AM
SinGor for time being velesto is much better than Sap ( until Qr. results Out ) Testing 20sens soon
15/04/2021 8:49 AM
Jonathan Keung Last Qtr result was bad hopefully we can see it turn around this time
15/04/2021 8:54 AM
JuliusCeasar Brent oil hit again USD 66.... Stock price still not moving up......

Look like Maybe BRENT oil hit PRICE USD 70 would boast again the stock price......
15/04/2021 10:44 AM
JoshuaMS7 Yes. Should break 70 usd this few days! Yahoo!
15/04/2021 11:14 AM
Macgyver11 JuliusCeasar Brent oil hit again USD 66.... Stock price still not moving up......

Wait for big fund buyers to join in.. if brent can break us 70 and stabilise strong over there then it will give more confident to the institutional buyers (Epf, khazanah and so on). The scenario will be totally different after that..trust me. Patience
15/04/2021 4:53 PM
Macgyver11 Look back velesto record in 2019 once EPF and PNB start to acquired batch by batch....oh man! Its pushed the price drastically. It's full of excitement sailing with them.
15/04/2021 5:00 PM
JuliusCeasar Totally Agreed with you Macgyver11.
15/04/2021 5:14 PM
limitupmeh tomorrow oil rebound
15/04/2021 7:58 PM
bullmarket1628 ‪Wow, oil price continue to rise !‬
‪Brent closed at $66.84 +0.56 +0.84%‬

‪Huat ah, Heng ah, Ong ah !‬
16/04/2021 8:17 AM
Macgyver11 Wow! Guys brent now usd67+
16/04/2021 1:01 PM
Macgyver11 https://www.bharian.com.my/bisnes/pasaran/2021/04/807122/harga-minyak-mentah-di-paras-tertinggi-dalam-sebulan
16/04/2021 1:11 PM
bullmarket1628 Walaoeh, oil price continue to spike up like mad !‬
Brent now at $67.31 ‪+0.37 +0.55 percent !

‪Huat ah, Heng ah, Ong ah !‬
16/04/2021 1:54 PM
JoshuaMS7 Should be back to 0.165 before go forward! Cut loss first!!
16/04/2021 2:54 PM
JoshuaMS7 covid wave 4 is coming, ready to collect at low as possible again!!
16/04/2021 3:10 PM
Macgyver11 Why worried..we collect as below as 0.12c/0.13c..kikiki!
16/04/2021 5:21 PM
JJchan https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210415.pdf

RSS boys have all disappeared. RSS boys are All Bankers themselves so when they give
good review (bimb lately) it is obvious RSS positions are Gone. ( IB are mostly crooks )
16/04/2021 6:38 PM
Macgyver11 https://www.astroawani.com/berita-malaysia/sempadan-negara-perlu-dibuka-segera-sop-ketat-bantu-pulih-sektor-pelancongan-293588
16/04/2021 9:21 PM
Macgyver11 World in the midst of planning, opening the border with the strict sop. That's good news so far..
16/04/2021 9:25 PM
Macgyver11 The biggest mistake that our govn do is to allowed pasar Ramadan open. Very hard to control human being especially in the crowded area....this will increase the c19 cases.
16/04/2021 10:11 PM
lancefire Next week sell on rally guys.
17/04/2021 3:12 AM
Plantermen The huge spike in New cases is a good reason for the PN government is not to reconvene Parliament sittings on 1st August
17/04/2021 9:04 AM
Expertise same tactic by PN gov,no parliament and elecetion until 20222
17/04/2021 10:12 AM

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