Highlights
KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.20   -0.005 (2.44%)  0.20 - 0.21  7,735,800
Analyze this stock with MQ Trader system

Overview

Market Cap: 1,596 Million
NOSH: 7,982 Million
Avg Volume (4 weeks):10,368,052
4 Weeks Range:0.195 - 0.265
4 Weeks Price Volatility (%):
7.14%
52 Weeks Range:0.195 - 0.48
52 Weeks Price Volatility (%):
1.75%
Average Price Target: 0.31
Price Target Upside/Downside: +0.11

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  23-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  27-Feb-2019
T4Q P/E | EY: -1.58  |  -63.46%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3338  |  0.60
T4Q NP Margin | ROE: -176.21%  |  -36.94%

Headlines

Date Subject
03-Dec-2018 [转贴] [Facebook live:浅谈Velesto Energy berhad (Velesto)] - James的股票投资James Share Investing
26-Nov-2018 Velesto Energy - Sustaining recovery
26-Nov-2018 Velesto Energy - 3Q18: Turning Profitable Delayed by a Year
26-Nov-2018 Velesto Energy - No relief from low charter rates
26-Nov-2018 Velesto Energy - Below expectations
23-Nov-2018 Velesto - Has the clean slate translated into better business?
12-Nov-2018 Velesto能源 上行空间29%
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

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 with 3 x trading limit. Find out more.

  20 people like this.
 
turbo8672 adui.. recovery on longer terms required
23/11/2018 18:08
SuperPanda seems will rugi 2c next mon, nevermind move on.
23/11/2018 18:10
snwong13 .
Some improvements!
Better than never!
23/11/2018 18:27
HuatlaiOnglai Q3 earning Result out already ? Pls share. Tq
23/11/2018 20:01
offshore https://www.bloomberg.com/news/articles/2018-11-21/opec-s-worst-nightmare-the-permian-is-about-to-pump-a-lot-more
23/11/2018 22:18
KEYBOARD haha...train to holland
26/11/2018 10:49
weng77 Light at The End of The Tunnel for The Offshore Rig Fleet
Charter rates for Offshore rig is going up....
Be patient....

https://www.hellenicshippingnews.com/light-at-the-end-of-the-tunnel-for-the-offshore-rig-fleet/
26/11/2018 15:31
OngMoneyOng Dead man walking
26/11/2018 22:39
Lewis Lee trapped men crying !
27/11/2018 12:00
anonymous98 sad counter
27/11/2018 15:09
RMSB Que sera sera
27/11/2018 16:06
azmini How long to wait ?...
28/11/2018 08:48
m_aloha for next qtr & be patience., company expects a higher utilisation of both jack-up drilling rigs and hydraulic workover rigs in the second half of 2018 from the secured projects. if still not improve just say good bye
28/11/2018 17:46
RMSB Going Holland everyday
29/11/2018 17:44
OngMoneyOng Sure go Holland lah
29/11/2018 20:20
30/11/2018 11:55
Tunjung Tp 5 sen
30/11/2018 12:06
azmini Why going to Holland so fast?..
30/11/2018 12:34
Surewind I'm loosing 20k on this share alone. Should have cut half when i had the chance.
30/11/2018 12:36
Airline Bobby o m g. Management needs to up their game ~
30/11/2018 12:36
Turnaround Wao... So surprised for the drop
30/11/2018 13:34
sc Khaw furcked up company. PN17 soon .
30/11/2018 14:34
anonymous98 surewind... bought in at 30 cents?
30/11/2018 17:13
RMSB Totally screwed
30/11/2018 17:23
azmini What happened ?.
30/11/2018 18:50
Money122 When can reach 0.48 again?!
30/11/2018 20:13
Surewind Thats the price after averaging down.. I've been keeping for almost a year...
01/12/2018 23:29
James Ng https://klse.i3investor.com/blogs/general/184838.jsp
[转贴] [Facebook live:浅谈Velesto Energy berhad (Velesto)] - James的股票投资James Share Investing
03/12/2018 09:26
RMSB 0.48 no chance la. This one already gone case
03/12/2018 17:31
klse007 Coming SOON
03/12/2018 22:15
Parttimer PN17 soon ?
04/12/2018 11:01
HuatlaiOnglai Parttimer....Why PN17?
05/12/2018 07:25
ZEPAN Posted by Parttimer > Dec 4, 2018 11:01 AM | Report Abuse

PN17 soon ?


Don't talk nonsense, where's the proof? You trying to spread bad news so as to buy cheaper? Damn you stinking person, go to hell you lah.
05/12/2018 07:34
steven_c If we look into their financial statements, they have narrowed down their net loss comparing to previous year. 9 months cumulative period for Sept 2018 is also showed a narrower loss compared with 9 months cumulative period for Sept 2017. Cash flow wise, they have shown operating profits against operating losses in previous year. Much of the free cash flow was used to repay bank borrowings which should be an obligation to reduce debt. If Velesto can win more contracts to utilize more of their rigs, it will be better. I believe next quarter should be better as earnings from Naga 4 should be reflected then. My 2 sen thoughts.
05/12/2018 10:52
plroo7 10q steven for ur comments....
05/12/2018 13:33
Oowa Good investment
07/12/2018 19:33
RMSB its all "IF" It's going Holland la. .20 heading South. Bye Bye
11/12/2018 09:30
commonsense The company 3Q18 result was really dissapointing given that most investors were hoping for a small profit as a signal for the company's turnaround back to profitability. Instead the company posted a loss of rm24.8mil eventhough utilisation rates were higher at 75%. Given the depressing charter rates, the company might only be able to record a small profit (relative to its market cap) even at a utilisation rate that nears the 90% level.

I think investors might be better off investing in other profitable businesses. I think in 2019 the company would still be in the red but hopefully at a lower loss level. If you are still interested in the O&G industry, it is better to invest directly in the oil field owners ( to take advantages of any increase of oil price) or to focus on Malaysian downstream related business ( to take advantage of Petronas focus spending in the downstream industry). Upstream focused companies outlook in the near future does not seem too bright. Given the volatility of the oil price and Malaysian government needs for higher dividend from Petronas, it might be a while before we can see the revival of the upstream service industry.

For those looking to diversify in companies outside of the O&G industry, i would proposed you look at MBMR (https://klse.i3investor.com/servlets/stk/pt/5983.jsp).

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.0x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Good luck.
11/12/2018 16:27
mr yong 一起做過的蠢事情
https://www.youtube.com/watch?v=JkDltHER9rc
11/12/2018 16:40
Huatexpert Quick Reference for 2018 - Petronas
Upstream Activity Outlook - Jackup rig required

Drilling Rigs & HWUs
• 7-10 Jackups

Quick Reference for 2019 - Petronas
Upstream Activity Outlook - Jackup rig required

Drilling Rigs & HWUs
• 16-18 Jackups
12/12/2018 14:35
Huatexpert Current Market Capital of Velesto energy is RM 1.6 bil
Last yr May, it raised RM 1.8 bil cash from right issue...
Velesto is a value play with current low price...
The current market capital is lower than cash it received last yr from right issue share.
13/12/2018 14:39
Rowie Wait till mkt gets wind of this news.
PNB sleeping
13/12/2018 18:18
i3lurker actually the Seven Sisters started asset sales quite some time back knowing full well what was going to happen.

and we had Exxon, BP and Shell also selling. After asset sales we now have Petron, BHP and Heng Yuan.

Our local bumi entrepreneurs stepped into the "trap" basically due to greed for purchasing at low prices which were actually sky high.
13/12/2018 18:26
Rowie It's time for a rebound
13/12/2018 19:04
Rowie Back to 26 sen
13/12/2018 19:04
Rowie Then 30 sen with Petronas 2019 outlook on upstream contracts
13/12/2018 19:07
Rowie Sure run soon
13/12/2018 21:25
freddiehero it miss armada..
13/12/2018 21:26
steven_c Huatexpert, thanks for sharing the news on Petronas Outlook Activity 2019. Definitely good piece of news for Jack-up rigs owners. Quite a number of rig owners in Malaysia, like velesto, sapura, perisai, etc. Velesto will need to try and push out their rigs more aggressively. Appears that Sapura is more aggressive and winning many more contracts in the same field. Velesto needs to achieve rig utilization rate of 85% for it to be back in the black (at the current operating margins).
14/12/2018 10:26
JJchan name change----"Very Stone"
14/12/2018 15:19


 

291  383  448  780 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 PWORTH 0.055+0.005 
 ARMADA 0.175-0.005 
 VC 0.085-0.01 
 HUBLINE 0.040.00 
 HSI-H4O 0.335+0.07 
 SANICHI 0.080.00 
 TIGER 0.08-0.005 
 DBE 0.030.00 
 PERMAJU 0.355-0.03 
 MYEG 0.91-0.015 
Partners & Brokers