Highlights
KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.12   +0.005 (4.35%)  0.115 - 0.12  11,640,000
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Overview

Market Cap: 986 Million
NOSH: 8,216 Million
Avg Volume (4 weeks):16,527,370
4 Weeks Range:0.115 - 0.135
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.09 - 0.41
52 Weeks Price Volatility (%):
9.38%
Average Price Target: 0.14
Price Target Upside/Downside: +0.02

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#2]  |  25-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  28-Nov-2020
T4Q P/E | EY: 22.11  |  4.52%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3571  |  0.34
T4Q NP Margin | ROE: 6.34%  |  1.52%

Headlines

Date Subject
02-Sep-2020 2QCY20 Results Review - Turning Point Up Ahead
27-Aug-2020 Velesto Energy - All Gloom for Now
26-Aug-2020 Mplus Market Pulse - 26 Aug 2020
26-Aug-2020 Velesto Energy (SELL, Maintain) - Plunged Into Loss on Global Capex Cuts
26-Aug-2020 Velesto Energy - Gloomy Outlook In 2H2020
26-Aug-2020 Velesto Energy Berhad -Uncertain Outlook
26-Aug-2020 Velesto Energy - Lower Utilisation Rate to Plague
26-Aug-2020 Velesto Energy - Higher Covid-19 Expenses, Lower Rig Utilisation
26-Aug-2020 Velesto Energy- Expect lower charter rates and utilisation
12-Aug-2020 Trading Stocks - Velesto Energy
04-Aug-2020 Oil & Gas Sector - Petronas Yields to Sarawak Sales Tax
21-Jul-2020 Oil & Gas - Subdued Capex Despite Expected Recovery
14-Jul-2020 Oil & Gas - High risks amid oil price volatility
03-Jun-2020 Evening Market Summary - 3 Jun 2020
25-May-2020 Traders Brief - Trading Activities Should Tone Down Ahead of An Extended Hari Raya Holidays
25-May-2020 [转贴] [VELESTO ENERGY BERHAD:自升式钻机的平均利用率提高到86%,而去年同期为66%] - James的股票投资James Share Investing
22-May-2020 Evening Market Summary - 22 May 2020
22-May-2020 Velesto Energy - Strong Headline, But Uncertain 2H Risk Lies
21-May-2020 Mplus Market Pulse - 21 May 2020
21-May-2020 Velesto Energy Berhad - Solid 1QFY20, But Outlook Uncertain

Business Background

Velesto Energy Berhad, previously known as UMW Oil & Gas Corp Bhd, is a multinational provider of drilling and oilfield services for the upstream sector of the oil and gas industry.

The company's line of products and services include drilling and workover services for exploration, development, and production of wells in Malaysia and southeast Asia through several offshore drilling rigs and hydraulic workover units. 

Under the oilfield services segment, the company offers threading, inspection, and repair services for Oil Country Tubular Goods in various offshore markets.

Operating revenue is primarily derived from drilling services, which includes ownership and operation of several drilling rigs and hydraulic workover units, or HWUs. Rigs and HWUs are chartered through day-rate-based contracts.
Trade this stock for as low as 0.05% brokerage. Find out more.

  25 people like this.
 
ThePowerOfGlove Klu ten times up 3.85% sudah jadi 38.5%
19/09/2020 6:33 PM
ThePowerOfGlove Banyak juga tu
19/09/2020 6:34 PM
ThePowerOfGlove Very good
19/09/2020 6:34 PM
ThePowerOfGlove Excellent
19/09/2020 6:34 PM
ThePowerOfGlove Well done
19/09/2020 6:34 PM
ThePowerOfGlove Congratulations
19/09/2020 6:35 PM
ThePowerOfGlove Keep up the good work
19/09/2020 6:35 PM
Valgrovest World oil prices rebounding strongly.......
22/09/2020 9:24 AM
linheng Why so active today
24/09/2020 9:16 AM
paktua73 Post removed. Why?
26/09/2020 8:20 PM
tkl88 Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats !
So that our politic will be stable for another 3 years till 2023 election !
27/09/2020 11:37 AM
tkl88 It’s good for our economy, like that next week KLSE will be spike up like mad already !
27/09/2020 11:37 AM
tkl88 Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 %) !
29/09/2020 12:05 AM
Macgyver11 Velesto will move up when Petronas credit them with new projects until then, if got extra cash just collect loo..
29/09/2020 7:40 PM
ashmira Wait more and all in at 7-9 sen.
01/10/2020 11:07 PM
Infiltrader Waiting at 0.08. Come to papa
02/10/2020 5:23 PM
tkl88 Budget 2021 expected to be expansionary Monday, 21 Sep 2020
By DALJIT DHESI
https://www.thestar.com.my/business/business-news/2020/09/21/budget-2021-expected-to-be-expansionary

PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.

The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.

The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.

Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.

Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.

"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.
05/10/2020 12:24 PM
tkl88 Yes, pre-budget 2021 bull market is coming !
Budget 2021 will be unveiled on Nov 6 !
So, now onwards O & G theme will be super bullish !

Huat ah ! Heng ah ! Ong ah !
05/10/2020 12:28 PM
tkl88 Wow, oil price spike up like mad !
As at 12.03am,
Nymex=> $39.25 ‪(+2.20) (+5.94%) !‬
Brent=> $41.35‪ (+2.08) (+5.30%) !‬
06/10/2020 12:09 AM
tkl88 ‪Walaoeh ! ‬Dow Jones continue it’s bull run by‬
‪spike up 400 over points !‬
Dow Jones closed at=> 28,148.64 (+465.83) (+1.68 percent) !
06/10/2020 8:21 AM
Valgrovest Should be up today...oil prices up
06/10/2020 9:00 AM
FooLK7789 Oil and gas counters will have show very soon..it t May suddenly spike up till u may not able to chase then downturn again like glove counters
06/10/2020 10:14 PM
char1234 oil needs to be at USD 50 to see oil counter flying ....next year
06/10/2020 10:39 PM
tkl88 Wow, oil price spike up to sky high !
As at 10.15pm,
Nymex=> $40.70 ‪(+1.48) (+3.77%) !‬
Brent=> $42.68 ‪(+1.39) (+3.37%) !‬
06/10/2020 10:39 PM
Valgrovest https://oilprice.com/Energy/Oil-Prices/Oil-Rallies-As-Trump-Returns-To-The-White-House.html
06/10/2020 11:06 PM
Allantanks So boring
07/10/2020 12:19 PM
Infiltrader Oil up or down, this counter will keep moving downwards. Come come.....0.08
08/10/2020 6:11 PM
Allantanks Tmr gap up
09/10/2020 12:58 AM
TunPika Tmr limit up
09/10/2020 4:03 AM
Flymetothemoon Will it go to 0.08 soon?
11/10/2020 10:42 PM
Paulteobp When will fly this counter?
12/10/2020 6:15 PM
scooter PROPOSED SHARE CAPITAL REDUCTION - 13/10/2020

What is the impact to retailers?
14/10/2020 9:29 PM
Allantanks Good. Buy.
16/10/2020 1:04 PM
GuguGaga Want to buy. Queue at 0.12 for 2 days but still don't get it
17/10/2020 12:26 AM
GuguGaga 0.12 for 1000 units. Come on sell to me
17/10/2020 12:29 AM
IronShirt Cap. reduction as announced is just to remove excess issued shares but Not subscribed. When
the reduction process is completed....profit will be divided with less shares.
19/10/2020 2:54 PM
chesslim share capital reduction ! why market tak takut pun nya ??
20/10/2020 12:46 PM
greenberg Waste capital this counter. Too long cannot move
20/10/2020 11:32 PM
ppp888 Recovery stock. Time to buy and keep.
22/10/2020 11:38 AM
IronShirt If you are Banker then Velesto Books after cap reduction will result many financial ratios to
be positive....within acceptable range
22/10/2020 3:35 PM
ppp888 The world is not going to end. With so many brainy scientists around, covid will be defeated. Matter of time.
22/10/2020 3:48 PM
SingaLingum Smart guys , let’s wait the rocket shooting.
22/10/2020 10:22 PM
Allantanks Rocket is fueling. Shooting anytime. Limit up 30cent is like 250% hoho
22/10/2020 11:36 PM
NPRA1985 when will it drop to 10c?
25/10/2020 1:39 AM
Allantanks In ur dream lol
25/10/2020 5:23 PM
NoNonsenseHere -
Vaccines not working, hotels bankrupt, airlines bankrupt, construction companies bankrupt, travel agencies selling fish now, universities begging for students, energy not used, banks cannot lend.

Meanwhile the only stocks thriving on Bursa are Gloves with BILLIONS of ringgit of PROFITS because of great companies like Supermax and Top Glove.

Phenomenal.
25/10/2020 5:24 PM
Macgyver11 https://news.cgtn.com/news/2020-10-25/Brazil-institute-to-import-6-million-does-of-Chinese-COVID-19-vaccine-URVu2jYtEc/index.html
25/10/2020 8:05 PM
PGOne (Pure Goreng One) okay so glove promoter hired by operator now started to promote glove stocks for distribution ? Wakakakakaka
25/10/2020 9:50 PM
ashmira There no sign of recovery yet till next year, from the current conditions, Slowly it might drop to 0.7-0.9. See if got luck then its possible. As i told last time, when i mention it will drop to 12 sen from 15.5 sen. I as usual keep collecting which i don't know when its will rebound back. hopefully this company will not become another sumatec. i'm holding 300K unit here. want to collect another 200K at 0.7. If cut loss at this price. will lost a lot. crossfinger and crying with hope analysis.
27/10/2020 11:07 AM
Macgyver11 Velesto need to secure more projects. Petronas suspended issuing contracts for its upstream contractor for time being. Some of the Velesto rigs still under idle for quite some time but this scenario won't last forever...be patient.
27/10/2020 6:59 PM


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