Highlights
KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.265   0.00 (0.00%)  0.26 - 0.265  8,396,400
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Overview

Market Cap: 2,127 Million
NOSH: 8,027 Million
Avg Volume (4 weeks):23,992,295
4 Weeks Range:0.255 - 0.305
4 Weeks Price Volatility (%):
20.00%
52 Weeks Range:0.215 - 0.48
52 Weeks Price Volatility (%):
18.87%
Average Price Target: 0.32
Price Target Upside/Downside: +0.055

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2018 [#2]  |  20-Aug-2018
Next QR | Est. Ann. Date: 30-Sep-2018  |  24-Nov-2018
T4Q P/E | EY: -2.14  |  -46.83%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3259  |  0.81
T4Q NP Margin | ROE: -164.70%  |  -37.20%

Headlines

Date Subject
12-Oct-2018 SUPER UNDERVALUED O&G STOCK
03-Oct-2018 ANOTHER LAGGARD O&G STOCK YOU DON'T WANT TO MISS
03-Sep-2018 VELESTO值得投资?
27-Aug-2018 [转贴] [VELESTO ENERGY BERHAD,更高和更稳定的油价将导致更多的勘探和开发活动,预计所有七台自升式钻井平台到年底几乎完全利用,下半年资产利用率较高] - James的股票投资James Share Investing
23-Aug-2018 Velesto Energy - Positive Outlook Remains Intact
21-Aug-2018 Velesto Energy - 2Q18: in Line; Jack-up Engines Warmed Up
21-Aug-2018 Velesto Energy - Cost optimisation improved margin
21-Aug-2018 Velesto Energy - Deemed Within Expectations
12-Aug-2018 Velesto能源 今年料难转盈
10-Aug-2018 Velesto Energy - 1-month charters for Naga 3 and 5
10-Aug-2018 Velesto Energy - Towards full utilisation rate
10-Aug-2018 PublicInvest Research Headlines - 10 Aug 2018
10-Aug-2018 Mplus Market Pulse - 10 Aug 2018
10-Aug-2018 Velesto Energy - Bagged US$10.8m Contracts
10-Aug-2018 Velesto Energy - Award of Two Drilling Contracts
02-Aug-2018 Velesto能源 最糟情况已结束
01-Aug-2018 Oil & Gas - Formation of VDP-X O&G Champions
30-Jul-2018 Velesto Energy - Secure jobs for NAGA 7
30-Jul-2018 Velesto Energy - New Drilling Contract Secured
30-Jul-2018 Velesto Energy - Naga 7 charter from Shell

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.
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  20 people like this.
 
IronShirt 0.30 all Gone
02/10/2018 10:38
Jeffrey Ng resistence in .30... once it break thru then the dragon is awake!!
02/10/2018 12:17
Bursa1575 0.3 all in???
02/10/2018 12:17
junetan20 not resistence at 0.305?
02/10/2018 12:21
263263 Other oil sector up many, this Naga still lazy want wake up!!!
02/10/2018 12:23
Jeffrey Ng velesto been sleeping for so long... and oil price is so bullish... just waiting velesto get awake!! then will be roar...
02/10/2018 12:30
bearbull Resistance is ma200, if break ma200 and sustain more 10 days then upward trend will form
02/10/2018 12:43
ankahill hahaha back to 29 sen.... later 23 sen.. hahahha
02/10/2018 15:20
Denney Zul Dragon open your wing fly fly fly
02/10/2018 15:56
Jeffrey Ng today no news liao plus hang seng index drop 700 point.. trade war suddenly... keep it n continue monitor..
02/10/2018 16:33
anonymous98 ankahill likes to go south ya
02/10/2018 17:31
ankahill I always hope it will go north but it wants to go south. Hopefully can shot to north soon. :)
03/10/2018 08:39
speakup if u lose money, dont blame yourself, just blame it on najib : https://www.malaysiakini.com/news/445709
03/10/2018 09:21
superbear2020 UOB Analysis said new targeted price is 0.355
03/10/2018 10:08
bearbull Slowly and hopefully break ma200 and the rest is history.
03/10/2018 10:39
ankahill SOUTH AGain!!!!???? :C
03/10/2018 13:36
Denney Zul https://www.thestar.com.my/business/business-news/2018/10/03/new-norm-for-oil/
03/10/2018 14:32
duncant1234 when is next quarter report out?
03/10/2018 14:57
eatsmall palebanar..betul
03/10/2018 15:25
bowman http://www.theedgemarkets.com/article/real-recovery-og-sector-seen-hopes-better-rates-next-year
03/10/2018 17:17
sogeking Slowly slipping down
03/10/2018 22:34
Denney Zul Tommorrow Dragon fly with full feul
04/10/2018 00:14
Jeffrey Ng please wake up sleeping dragon!!!
04/10/2018 09:07
Denney Zul EPF PNB ASB wake up sleeping dragon come on
04/10/2018 11:18
bearbull Looks like it wont up until proven recovery of quarter result end of november.
04/10/2018 12:25
HuatlaiOnglai @bearbull, that if good qtr. if bad qtr then continue to drop price lor. But should be better then Q2
04/10/2018 13:47
bushtrump Name sound like a con job. Better escape quick
05/10/2018 14:42
ankahill South south counter! :C
05/10/2018 15:26
harvestent slide way now.. soon will up back to 0.295
05/10/2018 17:00
Jerichomy This velesto is a lousy share after right issue, i guarantee that sapura will be like this too after right issue. So huge volume the shares, how to goreng, what a joke.
06/10/2018 14:42
Bursa Christopher haha... lousy
06/10/2018 17:49
Calvin882 This counter is a joke. Just keep on going south while others are shooting up.
06/10/2018 17:54
ankahill PPM pelan pelan mati!! :C
08/10/2018 10:31
bearbull Velesto is a institutional stock, need good qr result to push it up, so lets sit and wait for the much anticipated qr at end november
08/10/2018 12:15
freemason too many shares and equal number of short sighted shareholders resulting in such depressed prices, otherwise lots of upside for this counter
10/10/2018 12:54
jumbojet useless counter
10/10/2018 13:25
Jonathan Keung sea of red
10/10/2018 15:43
HuatlaiOnglai KLSE big drop today...... konon due to new tax plan?
10/10/2018 18:40
Tunjung Dj drop.next week beome black monday.reccesion closer or already started
11/10/2018 06:14
Jonathan Keung DJ drop 880 points. capital gain tax proposal .black thursday
11/10/2018 06:26
pix0 Velesto sees the worst as over
http://www.theedgemarkets.com/article/velesto-sees-worst-over

“For us, the worst is over,” Velesto president and executive director Rohaizad Darus says on the sidelines of the event. “Not only in terms of the business but [also because] we have sorted out our financial structure.”
11/10/2018 11:02
HuatlaiOnglai Confident of the CEO to give such outlook statement! Let’s see come Nov on their Q3. Ive a good feel they would do better.
12/10/2018 21:57
offshore the worst is over he meant is the internal financing problem they have sorted out, it doesn't mean the worst is over for the industry
13/10/2018 22:41
JJchan The Gov. didn't do a proper research on taxing capital gain on stocks-----

1) 40--45% of Bursa stocks are Owned by PNB, EPF, KWAP, and others GLC
2) 20--30% are owned by Foreigners ( depends on season---could be down to 10% now )
3) 30% or less are owned by Mutual Funds( Banks) and Private Pension funds
4) 5% are owned High Net Worth Individuals
5) and 5% are owned by Retailers like Us.

----Capital Gain Tax is actually Hitting GLC ( why tax your Own pocket????? )
-----80% Retailers LOST money on Goreng Stock ( Gov actually got to Rebate retailers on other
taxes.....
-----Taxing on Foreigners also failed during Anwar period bcoz Bursa PE must exceed others
regional Bourse before foreigners come in----
-----extremely Bad timing to tax in 2018/2019 bcoz foreigners already rushing to USA due high
high Interest Rate and Strong $US ( main reason )
14/10/2018 10:45
KEYBOARD ready....
16/10/2018 11:13
ankahill Will be going down all the way!!!
16/10/2018 15:50
bowman Velesto will need to reach 0.28 to be taken seriously by investors. If it does break 0.28, we are looking at 0.31 as next target.
17/10/2018 12:01
beso TP remains unchanged at 0.20
17/10/2018 12:08
IronShirt At 0.20, PNB incurred a Capital loss of RM883 million
17/10/2018 17:16
RMSB Very soon will hit .35
18/10/2018 18:38


 

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