Highlights
KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.22   -0.005 (2.22%)  0.22 - 0.23  6,875,200
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Overview

Market Cap: 1,756 Million
NOSH: 7,982 Million
Avg Volume (4 weeks):11,577,968
4 Weeks Range:0.185 - 0.235
4 Weeks Price Volatility (%):
70.00%
52 Weeks Range:0.165 - 0.345
52 Weeks Price Volatility (%):
30.56%
Average Price Target: 0.31
Price Target Upside/Downside: +0.09

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: -1.73  |  -57.69%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3338  |  0.66
T4Q NP Margin | ROE: -176.21%  |  -36.94%

Headlines

Date Subject
15-Feb-2019 Daily Technical Highlights – (HIBISCS, VELESTO)
15-Feb-2019 Stocks on Radar - Velesto Energy (5243)
13-Feb-2019 PublicInvest Research Headlines - 13 Feb 2019
13-Feb-2019 Mplus Market Pulse - 13 Feb 2019
22-Jan-2019 Trading Stocks - Velesto Energy
11-Jan-2019 Trading Stocks - Velesto Energy
11-Jan-2019 Oil & Gas - Volatile Oil Price to Cap Valuation
10-Jan-2019 Malaysia Strategy - Alpha Picks: Jaks, Velesto, AQRS
29-Dec-2018 [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
27-Dec-2018 Review of Top 10 Stock Picks for 2018 - The Edge
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

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.
 
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
azmini Going to south..
19/12/2018 09:59
Jaden Dis company no project.. salary & director fees jalan.. hehe
19/12/2018 10:59
888newbie Those who are switching to Sapura should take a look at the directors pay.
19/12/2018 14:38
Jaden If jatuh like Sumatec or Perisai.. I pengsan
19/12/2018 18:17
Rowie I pengsan already
19/12/2018 18:56
offshore If the company gets full utilization, it can probably ngam ngam breakeven based on today's DCR, without full utilization, what do you expect? Funny is analysts still asking us to buy but their target price keeps dropping.
19/12/2018 23:57
ZEPAN Posted by 888newbie > Dec 19, 2018 02:38 PM | Report Abuse

Those who are switching to Sapura should take a look at the directors pay.



absolute ridiculous pay in hundreds of million ringgit. even Genting directors and MD don't get even 10% of what these directors and MD of Sapura are getting ..I guess only the stupid people follow and buy this counter while the directors laugh all the way to the banks.
20/12/2018 05:14
azmini Dear Sifus..Any hope for this counter ?
21/12/2018 08:32
steven_c Hi Azmini, I am not a sifu here ya? Rather i am just an ordinary shareholder to Velesto trying to find out if there're any leads to this counter. I am also very concerned as you are as i invested in Velesto trusting the management to do a turnaround after the restructuring and rights issue exercise. However, my concerns starts to turn into anxiety when the price dropped to 18cents a share. Sigh... However external feelings aside, I noted their latest quarter report is showing some improvement by narrowing their losses. Another bright side is Petronas has just revealed their activity outlook for 2019 in which they may require 16-18 jack-up rigs to increase production. It is definitely going to be a positive news to Velesto. I am expecting Velesto to work harder to increase their Jack-up rigs utilization rates. The opportunity is given by Petronas now. However, looking at the price of oil now, i will imagine their future operating margin may be squeezed as well. My opinion to this is, if i am already invested (sitting on paper losses now), i must as well hold for the long term waiting for the price of oil to recover to at least USD$75-80 per barrel to see a handsome operating profits for Velesto.

Just my 2 sen thoughts, and yes, i am sitting on paper losses now.
21/12/2018 10:15
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


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