Highlights
KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.365   -0.005 (1.35%)  0.365 - 0.37  3,713,200
Analyze this stock with MQ Trader system

Overview

Market Cap: 2,999 Million
NOSH: 8,216 Million
Avg Volume (4 weeks):36,822,863
4 Weeks Range:0.365 - 0.41
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:0.185 - 0.41
52 Weeks Price Volatility (%):
80.00%
Average Price Target: 0.40
Price Target Upside/Downside: +0.035

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  28-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  27-Feb-2020
T4Q P/E | EY: 79.41  |  1.26%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3458  |  1.06
T4Q NP Margin | ROE: 5.52%  |  1.33%

Headlines

Date Subject
13-Jan-2020 Oil & Gas - Geopolitics to Drive Volatility in the Near Term
13-Jan-2020 The Edge's Top 10 stocks for 1H20
03-Jan-2020 Oil & Gas - Upstream Activities to Stay Elevated
31-Dec-2019 原油价看涨‧油气上游业复苏在望
29-Dec-2019 [转贴] [Facebook live video:浅谈Velesto energy berhad (Velesto)] - James的股票投资James Share Investing
18-Dec-2019 Velesto Energy - Nagas Keep Winning
13-Dec-2019 【视频】Velesto能源 转亏为盈渐入佳境
12-Dec-2019 Velesto Energy Bhd - Secured Contract
12-Dec-2019 Velesto Energy Berhad - Contract Win for Naga 4
12-Dec-2019 Mplus Market Pulse - 12 Dec 2019
12-Dec-2019 PublicInvest Research Headlines - 12 Dec 2019
12-Dec-2019 Velesto Energy - Nagas Keep Winning
09-Dec-2019 转盈路上依傍国油·VELESTO弃外攻内
05-Dec-2019 Velesto Energy - Naga Awakens
02-Dec-2019 Technical View - Velesto Energy Bhd (VELESTO, 5243)
02-Dec-2019 VELESTO ENERGY - Rising Rig Prospects Support Earnings Momentum
02-Dec-2019 VELESTO ENERGY - Prospects Are Jacked Up
29-Nov-2019 Velesto Energy - Light at the End of Tunnel
29-Nov-2019 [转贴] [VELESTO ENERGY BERHAD:美国页岩产量的增长预计将在2020年下降;该集团的七台自升式钻井平台已签订合同;预计将在今年年底完成SPS之后,Naga 3和Naga 7计划根据各自现有合同恢复工作] - James的股票投资James Share Investing
29-Nov-2019 PublicInvest Research Headlines - 29 Nov 2019

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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  23 people like this.
 
JJchan again late buying after ikan bilis sold----most likely foreign fund (after 4 )
08/01/2020 5:10 PM
calvintaneng Posted by Ron90 > Jan 8, 2020 10:21 PM | Report Abuse

3.7 Billion shares already !!..week by week, they keep on pumping shares to be sold to retail investors

YOU ARE WRONG

THEY ISSUED 50 MILLION ESOS SHARES FOR EMPLOYEES AT 2 SEN

CALVIN ALSO BOUGHT VELESTO WHEN PEOPLE SAID VELESTO GOT 8 BILLION SHARES = MORE THAN DOUBLE THAT OF NETX

YET CHESHIRECAT & CALVIN MADE RM100,000 EACH FROM VELESTO DUE TO NAYSAYERS BANG DOWN VELESTO FOR US TO BUY CHEAP AT 27 SEN (VELESTO NOW 39.5 SEN)
08/01/2020 10:27 PM
Ron90 ayooo Calvin..u must have been really in confuse la.. that statement for Netx shares 3.7 billion olready..not velesto la..aisey.
08/01/2020 10:34 PM
Daily8 what do u mean Calvintaneng?

How is Netx now?
08/01/2020 10:39 PM
calvintaneng I posted here to remind you guys not to be afraid of naysayers talking down velesto with 8 billion shares or nerx with 3.7 billion shares

Doesn't matter how many shares as long as company going to earn lots of monies which is if utmost importance
08/01/2020 10:51 PM
stncws EKOVEST 3B SHARES. 75C
08/01/2020 10:57 PM
Vincent2002 jjohnchew Ho ho kon artist n gang acting promotion show...

See .. see ... see...

1) after loss 19 mil in 2018 ... 2019 fund raising 15.3 mil to upgrade GEM... only can be download by android hphone... Apple ios cannot download.. is worst than internet game...it is investment of tens of million...

2) Macquarie bank subscribed 500 million PP shares on 2018 .. is 13.7 % of issued shares 3.64 billion.. why is not a substantial share holder ?....

3) Executive Director is granted n ex SiS share 688 million on 2018 .. is 18.9 % of issued shares 3.64 billion... why is not a substantial share holder ?...

4) Another 1 billion PP shares in 2019 .. is 27.5 % of issued shares 3.64 billion..

5) FY19 financial year end is changed to Jan2020.. AGM on May2020... need to dispose those shares eagerly ...each day passing is getting closer...


6) Beware of Pump n Dump...

Why tell lie on cruise ship tour to promote netx .. Malaysia 2G la...Singapore 7G la but actual u r not on the ship per tv8 news on collision near koh samui...

We ikan bills r smart here ....
08/01/2020 11:02 PM
moniekj You want CNY angpow?
Go grab Emico. Most probably today at least 5 sen gain or 4 years once 20 sen gain.
09/01/2020 9:24 AM
Stitcher https://www.theedgemarkets.com/article/velesto-energy-may-rebound-higher-says-rhb-retail-research
09/01/2020 9:36 AM
Will76 Breaking News from CNBC

Oil sank after Trump said Iran “appears to be standing down” and that the U.S. would impose sanctions instead of another military strike as feared by some.

U.S. West Texas Intermediate crude dropped 4.9% to $59.61, its first time below $60 a barrel since Dec. 16.
09/01/2020 9:53 AM
JJchan the bursa trend remains the same today, FF came in after 4
09/01/2020 5:09 PM
Mabel I'm still waiting at 45...

I have traveled half the world and Empress is still at 39..

https://youtu.be/bzdldFOUnP0

It's time to Hoist the Colors...
10/01/2020 12:29 AM
CHLEONG888 TODAY will break 0.40??????
10/01/2020 7:32 AM
JJchan maybe when FF cont. buying after 4.00pm------40cents is history
10/01/2020 12:14 PM
Bhappy2 Good evening all,
Im still new here, i got caught at Alam with RI. Is Velesto financial sound that wont need RI?
10/01/2020 7:33 PM
Bhappy2 Velesto looks promising, just worry abt RI trap happening. ..pls share thots, ty.
10/01/2020 7:35 PM
Bhappy2 correction... Icon*
10/01/2020 7:36 PM
greenland The BS and cash flow statement looks healthy with positive cash coming in. Co not embarking on any new project. So, I don’t think RI is necessary..
10/01/2020 7:46 PM
Bhappy2 Greenland,
Thank you. Hope next QR improve further...shd i start colle ting WA too??
10/01/2020 7:57 PM
greenland Warrant has an expiry up to 2024. Conversion 0.395 so I think its not too demanding a valuation..
10/01/2020 8:36 PM
Bhappy2 i believe both Velesto and WA is good to go, focus on coming QR.
Does the monsoon affect work very much?
10/01/2020 9:41 PM
Bhappy2 I believe, next QR shd be good if work done not affected by monsoon season. Any comments on next QR?
10/01/2020 10:01 PM
Bhappy2 Greenland, All Sifus and Experience Trader,

Pls share thots on coming QR or Target Price
10/01/2020 10:07 PM
Mabel KUALA LUMPUR (Jan 9): RHB Retail Research said Velesto Energy Bhd may rebound higher after it continued holding above the 37.5 sen support.

In a trading stocks note today, the research house said as the stock recently rose above the 21-day SMA line, this indicates a positive sign.

“A positive bias may emerge above the 39 sen level, with an exit set below the 37.5 sen threshold.

“Towards the upside, the immediate resistance is at the 42.5 sen mark. This is followed by the 45 sen level,” it said.

https://www.theedgemarkets.com/article/velesto-energy-may-rebound-higher-says-rhb-retail-research
10/01/2020 10:20 PM
Mabel https://youtu.be/bzdldFOUnP0

It's time to Hoist the Colors...
10/01/2020 10:21 PM
FoolsGold just realise that Mabel is an unbelievably bold & capable collector of Bursa stks.

in fact, it looks like Mabel has managed to do the impossible !

she/he has a personal mini replica of all sectors in Bursa, namely 10 stks each in O&G, Plantations, Technology,Constructions, Property , ACE Sectors. (pardon, if i missed out some)

The amazing fact is, Mabel only came back into Bursa after Ge14 last year.

Great feat , Mabel !! Congratulations !! You are the Greatest !!
10/01/2020 10:58 PM
Mabel Cheers FoolsGold !
11/01/2020 12:00 AM
JJchan of the 300bil EM funds left China & SE countries 50bil came back (Thailand Baht is surging ). Last
2 trading Days, Velesto enjoys cont. FF buying (came in after 4:00PM )----Dow cannot sustains
more uptrend bcos PE is 19X forward earnings (said what you want, i think Fund managers are
not stupid )
12/01/2020 3:04 PM
thequalityguy @Mabel, care to share your strategies? I too am a newbie
14/01/2020 9:16 AM
Woodswater https://www.theedgemarkets.com/article/jackup-rig-market-seen-cusp-upswing-cycle
14/01/2020 11:04 AM
yoyo Vele Strong or Vele Slow, haiz
15/01/2020 11:22 AM
yoyo Perdana from .19 arise to .45, maybe Velesto is a bigger ship move slower
15/01/2020 11:23 AM
Isaac Chow Tomorrow boommmm
15/01/2020 4:58 PM
SinGor strong feeling tomolo, Velesto on autobahn highway in Germany.....no speed limit
15/01/2020 5:01 PM
CHLEONG888 Think only with good next quarter result, it will only possible to break RM0.40
16/01/2020 7:48 AM
yoyo sold some and divert to Perdana
17/01/2020 3:39 PM
Kopimilo Bye bye perisai. Perisai loyalist will hang out here. Price going north
19/01/2020 3:36 AM
Mabel @thequalityguy @Mabel, care to share your strategies? I too am a newbie
14/01/2020 9:16 AM

QualityGuy, I have been engaging with stock market about 20 years and that includes Nasdaq where I have invested in Technology Stocks. I decided to sell off everything prior to GE 14 as my safety measure . Came back in KLSE after GE 14 in 2018.

I’m a long-term investor. I started building my 4 Boutiques in parallel when I renter KLSE after GE14. As you know KLCI is down about 10 % since early this year. My average margin is a very healthy double digit. This means my selection has outperformed the KLCI..

Just to give you a flavor, here's my Business Plan for 2020 for my 4 Boutiques.

Plantation - I have invested in 10 Plantation Companies

Catalyst

Export revenue RM 67.6 billion (6.1% GDP)
Feeding more than 3 billion people over 200 countries.
B20 biodiesel for the transport sector by end-2020. Demand to increase palm oil by 500,000 tonnes per annum. Indonesia Petromina has mandated the use 3 million tons per annum

Digital Economy - I have invested in the following companies

Catalyst

Mabel Technologies (10)
Mabel Telecommunication (4)
Mabel Media (3)
Mabel Banking (4)

Catalyst

Digital transformation will boost between US$100 billion to US$136 billion (RM412 billion to RM561 billion) to the country’s GDP by 2025.
Game Changer includes 5G, NFCP, High Speed Internet, Automation, IR 4.0, Artificial intelligence, IOT, E Banking, E Commerce and Electronic Finance


Oil & Gas – I have invested in 11 Energy Companies.

Catalyst
20% of government revenue in 2020
50 Billion Petronas Capex
Each US$1 per barrel increase in oil prices brings the Treasury RM300 million in revenue per year.

Visit Malaysia Year - I have invested in the following companies

Mabel Airlines (2)
Mabel Automobiles (2)
Mabel Real Estates (7)
Mabel Properties (7)
Mabel Steels (3)
Mabel Construction (7)

Catalyst

30 million tourist arrivals for VM2020 with RM100 billion revenue
Medical tourism generates RM1.5 Billion revenue
78.2 million domestic tourists, Malaysian spend RM60.4 billion.
ECRL and HSR total project cost of RM44 billion and 45 billion
Bandar Malaysia’s revival with GDV at RM200 billion
Pulau Carey, the Serendah-Port Klang Rail Bypass and the Klang Logistics Corridor at RM 500 million
Johor Bahru-Singapore Rapid Transit System Link project, RM3.16 billion
Kiara Bay, with a total gross development value (GDV) of RM15bil.

Currently performance in term of margin:

P1 - Plantation
P2 - Oil & Gas
P3 - Digital Economy
P4 - Visit Malaysia Year 2020

It’s just like an F1 Race between Mercedes Benz, Ferrari, Red Bulls and Maclaren. At this moment I'm feeling really upbeat about 2020.

Cheers!
19/01/2020 10:38 PM
Mabel Looks like only Alam is flying high right now...

The rest are all shy shy to fly...
20/01/2020 11:49 AM
al8800 not only alam, dayang, perdana, serbk start moving.
only this jumbo "masih tidur" ....lazy to move its legs
20/01/2020 12:17 PM
Daily8 velesto disappointing...never able to move above
20/01/2020 1:49 PM
Kopimilo Wait n see b4 ambush game.
20/01/2020 3:44 PM
Mabel Yes Serba has also starts moving...

It seems 39 is the resistance for this ship..
20/01/2020 6:16 PM
Daily8 6:38PM VELESTO YAYASAN PELABURAN BUMIPUTRA (40,000,000 units Acquired)

6:38PM VELESTO PERMODALAN NASIONAL BERHAD (40,000,000 units Acquired)
20/01/2020 7:16 PM
Daily8 Looks like patient is needed on this Velesto stock.
20/01/2020 7:16 PM
Mabel Meow!
20/01/2020 11:22 PM
ubaL taM Grrrr
21/01/2020 4:55 AM
Kopimilo https://youtu.be/SPA0i3i-wkw

Kihkihkih
21/01/2020 8:44 AM
Kopimilo More cny selling pressure.
22/01/2020 9:26 AM
DoomStock Bad news for O&G:

Petronas allocates 5% of its capex for renewable energy which is solar & wind.

Oil prices remain heavy on oversupply concerns and after the Saudi Energy Minister did not offer any hints of optimism that the OPEC+ production cuts would be extended beyond March.

China’s coronavirus will likely see travel restrictions that could end up hurting demand for crude during a peak travel time in China.

Careful now, folks.
23/01/2020 11:30 AM


 

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