Highlights
KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.33   0.00 (0.00%)  0.33 - 0.345  45,451,200
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Overview

Market Cap: 2,711 Million
NOSH: 8,216 Million
Avg Volume (4 weeks):15,566,125
4 Weeks Range:0.30 - 0.345
4 Weeks Price Volatility (%):
66.67%
52 Weeks Range:0.165 - 0.345
52 Weeks Price Volatility (%):
91.67%
Average Price Target: 0.35
Price Target Upside/Downside: +0.02

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  23-Nov-2019
T4Q P/E | EY: -297.05  |  -0.34%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3385  |  0.97
T4Q NP Margin | ROE: -1.50%  |  -0.33%

Headlines

Date Subject
25-Sep-2019 M+ Online Technical Focus - 25 Sept 2019
25-Sep-2019 Stocks on Radar - Velesto Energy (5243)
24-Sep-2019 国油开大水喉下半年资本开销料逾350亿‧油气股喜待甘霖
23-Sep-2019 Trading Stocks - Velesto Energy
23-Sep-2019 Oil & Gas - Petronas’ downward capex trend to stabilise next year
19-Sep-2019 沙地产能将迅速恢复·油气股打回原形·综指1600再失
17-Sep-2019 Oil & Gas - Substantial Disruption in Saudi Production
10-Sep-2019 次季业绩转亏为盈 VELESTO-WA值得留意/温世麟硕士
06-Sep-2019 【视频】Velesto能源 转盈在望前景看俏
06-Sep-2019 Oil & Gas Sector - Rising asset utilization heralds a new dawn
05-Sep-2019 Velesto Energy Berhad - Contract Secured for Naga 7
05-Sep-2019 Velesto Energy - Lucky Naga 7 on a Roll
05-Sep-2019 Stocks on Radar - Velesto Energy (5243)
04-Sep-2019 [转贴] [VELESTO ENERGY BERHAD:这集团拥有的七个自升式钻井平台中有六个正在运作,而其中一个因为最近获得的长期合同而正准备动员,预计将于2019年9月初开始] - James的股票投资James Share Investing
03-Sep-2019 Velesto Energy Bhd
03-Sep-2019 Velesto Energy - Looking Forward to 2H19
03-Sep-2019 Velesto Energy - DCR Recovery in Sight
03-Sep-2019 Velesto Energy Berhad - 2Q19 Turns to Black
03-Sep-2019 Velesto Energy - Back in Black
03-Sep-2019 Velesto Energy - Poised on full earnings recovery

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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  22 people like this.
 
yoyo slowly slowly up
30/09/2019 12:30 PM
Money122 Increasing in earning n contactc...i think will up further
30/09/2019 1:08 PM
JJchan again last minute/closing someone took a 7mil Bite at 0.33
30/09/2019 4:54 PM
Farin Parin yeah big shark is coming
30/09/2019 4:56 PM
JJchan I think Institution Buyers(IB) adjusting portfolio for last Quarter 2019 ( throwing Sap---control Selling
30/09/2019 5:06 PM
CHLEONG888 Pay more attention to this counter, may surge up soon
07/10/2019 7:01 AM
Mabel @Sales How come Armada can go so high?

Because its under value but has better capability than Yinson.

Armada is 7 times cheaper than Yinson.

We have this new tag line in Armada...

If Yin can do, Arma can do better..

My Armada has overtaken my Velesto in term of margin. Third is KNM..

Armada mid term TP 0.4
Long term 4.55..

If Yin can do, so can Arma...
07/10/2019 3:52 PM
Mabel 0.32 is good closing...
07/10/2019 4:58 PM
Akukakijudi Wah Armada 0.40 to 4.55?
Sure bo?
How long to take for your prediction?
08/10/2019 10:40 AM
Kiyoshi Paradise Keep loading .... KNM-WB , will be rewarded
08/10/2019 11:44 AM
Mabel Armada 0.40 latest by Q3

4.55 will take between 3 to 5 years

Think long term..
08/10/2019 11:49 AM
Sales Mabel, i make a big mistake to sell off KNM. So i don't want to sell velesto at this moment. I didn't buy Armada.
08/10/2019 5:53 PM
Mabel Don't sell Velesto. It's a good company. It used to be my No 1...

I'm still holding it.. all 3...
09/10/2019 12:53 AM
Plantermen EGM at end Oct. Can asked their BOD views on company performance
09/10/2019 12:59 PM
Mabel It's high time we should ask this tough question..

Armada and KNM are doing great!

Let's see which one of the two will touch 0.40 first..

Armada is now chasing KNM very close behind...

Let's hope both will touch 0.40 either this week or next week..

It will create pressure for Velesto to join the bandwagon soon.

Cheers!
09/10/2019 2:38 PM
JJchan Amanad started Buying Direct from Open market --today( very long time didn't buy direct)
Both Armada and KNM Debt cannot be sustained longer than End 2020. I think IB are pushing
to liquidate position only
09/10/2019 5:31 PM
JJchan Destini received award for well service (workover, abandonment ) from petronas----whenever
Amanad buys sure got news
09/10/2019 8:36 PM
Mabel KNM is touching 0.40

Velesto bila?
10/10/2019 4:27 PM
goreng_kaki belum mati ke? kenape EPF buying this rubbish stock?
10/10/2019 5:58 PM
HuatlaiOnglai Velesto will need to show few more qtr of black ink before seeing more upward trend. But the upward trend won’t be significant due to the large number of share in the market.
10/10/2019 8:53 PM
CHLEONG888 Hope start accelerating from today onwards
11/10/2019 7:09 AM
winmal engine will start soon, share have been hovering around 31-33 cent
11/10/2019 3:04 PM
Mdnizam Government transformation DIGITAL ECONOMY .foreign tech fund , local fund manager and government fund next week will big buying digital stock
11/10/2019 4:57 PM
SinGor 21.6 Bil for Digital Econ.....Buy Dnex, potential very Big Upside
11/10/2019 9:23 PM
CHLEONG888 Do not miss the train taking Velesto, likely will up at least 0.01 on Monday
13/10/2019 8:41 AM
Plantermen Dow up +300 should be positive
14/10/2019 8:35 AM
winmal sleeping dragon will wake up soon
14/10/2019 11:41 AM
IronShirt If BB wants to push nobody can stand in its way. 2.50pm someone just put 8mil into 0.325 and
if you want to buy....have to go to 0.330
14/10/2019 2:52 PM
Money122 Vrooommmm.....
14/10/2019 2:58 PM
KEYBOARD brk 34 60 gogogo
14/10/2019 3:53 PM
Mabel Armada and KNM already break the 0.40 barrier..

Velesto bila?
14/10/2019 4:24 PM
prince4 投资建筑和地产有关很多板块股会很多人会很累很累因为很多外资和本地基金会卖空这些板块股资金会流出,你们投资没有跟林财神所以你们不会赚到钱的。

林财政部长budget排糖果宣布216亿NFCP大项目连全部马来西亚人都知到了...大家会一起来投资NFCP 2019-2013年的股NETX,GPACKET,OPCOM,OCK,REDTONE大家也想跟着一起吃糖果会甜蜜4年啦.. .
14/10/2019 5:16 PM
JJchan today BB really started to push----40mil
14/10/2019 5:34 PM
HuatlaiOnglai TRADING IDEA: CORRECTION PERCEIVED AS COMPLETED, VELESTO READY TO EMBARK NEW UPWARD WAVE - ACCUMULATE!
Velesto Energy Berhad provides services to the oil and gas industry. The Company offers drilling operations, pipe manufacturing, and oilfield services.
Technical view on VELESTO:
1. Current price action suggested that VELESTO has completed its correction phase when it hit the lowest point at RM0.165 and recovered to trade above its weekly EMA200w. Volumes appeared to be steady with price encouragingly testing the immediate resistance around RM0.34. A break above RM0.34 likely to spark fresh buying interests with a new upward wave which targeted the price to surge to RM0.45;
2. The weekly MACD is already drifting in the bullish territory while the RSI and Stochastic are gaining in upward momentum indicating bullish near term outlook;
3. Medium term target price is anticipated to be around RM0.45 while support seems firm between RM0.25-0.29 level - Accumulate!
Stocks are selected based on technical analysis. Investors are advised to study the underlying fundamentals of each stock to assess and match risks appetite. Stocks listed below are categorized as potentially high risks and may increase in volatility in the near term.
14/10/2019 6:02 PM
IronShirt wa...0.450,,,,pls 50cents or 55cents
14/10/2019 6:15 PM
CHLEONG888 Slow, but steady, still cheap, ample room to surge up higher, especially after next quarter result
14/10/2019 8:24 PM
IronShirt if BB is still here, after 2:30pm they will attack again like yesterday
15/10/2019 11:30 AM
Mabel Looking forward for Velesto to cross 0.40 too. Its high time..
15/10/2019 8:34 PM
Sales Mabel, I like your comment. Ong ah!!!
15/10/2019 9:03 PM
Plantermen Knm already hitting new high [ velesto] still struggling
16/10/2019 8:58 AM
8u29song today 035...
16/10/2019 9:44 AM
Tian Sen Tester Sure the genius amanraya selling again
16/10/2019 10:11 AM
potential Netx,Iris,Jadi ,mlab,mtronic potential to reach TP 15sen
16/10/2019 11:19 AM
IronShirt amanahraya sell to yayasan and Then yayasan sell back to amanah....just muscle stretching for
Velesto Marathon Run to 1.0
16/10/2019 12:54 PM
KEYBOARD IM WAITING 60
16/10/2019 1:19 PM
CHLEONG888 Still cheap ton enter at 0.34
16/10/2019 1:56 PM
IronShirt Epf is buying alot when it is running Up. Meaning: Epf is pushing up hard...already holds 6.95%
16/10/2019 2:29 PM
Money122 Price higher than usual ..i thnk better buy now before it move up!!!
16/10/2019 3:16 PM
KEYBOARD yes 34 cheap...but point is...need brk
16/10/2019 3:38 PM
KEYBOARD yes ironshirt...this counter can
16/10/2019 3:40 PM


 

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