Highlights
KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.18   0.00 (0.00%)  0.175 - 0.18  5,974,700
Analyze this stock with MQ Trader system

Overview

Market Cap: 1,479 Million
NOSH: 8,216 Million
Avg Volume (4 weeks):42,037,400
4 Weeks Range:0.165 - 0.185
4 Weeks Price Volatility (%):
75.00%
52 Weeks Range:0.105 - 0.195
52 Weeks Price Volatility (%):
83.33%
Average Price Target: 0.16
Price Target Upside/Downside: -0.02

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2020 [#4]  |  24-Mar-2021
Next QR | Est. Ann. Date: 31-Mar-2021  |  20-May-2021
T4Q P/E | EY: -3.01  |  -33.25%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.2763  |  0.65
T4Q NP Margin | ROE: -89.91%  |  -21.66%

Headlines

Date Subject
08-Apr-2021 Velesto Energy - Fourth Contract Win in Less Than 1 Month
08-Apr-2021 Mplus Market Pulse - 8 Apr 2021
08-Apr-2021 PublicInvest Research Headlines - 8 Apr 2021
05-Apr-2021 【行家论股/视频】Velesto能源 合约流入评级上调
05-Apr-2021 VELESTO ENERGY - Another Contract in the Bag
29-Mar-2021 Velesto Energy - ConocoPhillips hires NAGA 7
29-Mar-2021 Velesto Energy - Another Contract in the Bag
29-Mar-2021 PublicInvest Research Headlines - 29 Mar 2021
29-Mar-2021 Velesto Energy - Short-term Contracts Secured
29-Mar-2021 Mplus Market Pulse - 29 Mar 2021
25-Mar-2021 【行家论股/视频】Velesto能源 债务降速快于预期
25-Mar-2021 Velesto Energy - Gradual recovery ahead
25-Mar-2021 PublicInvest Research Headlines - 25 Mar 2021
25-Mar-2021 Velesto Energy Berhad - FY20 Suffered Poor Rig Utilisation
25-Mar-2021 Velesto Energy - Better Prospects Ahead Despite Weak Results
25-Mar-2021 Velesto Energy - Impairment Surprise
24-Mar-2021 油气业虽现复苏 供应过剩隐忧未除
22-Mar-2021 【行家论股/视频】Velesto能源 短期合约陆续有来
22-Mar-2021 Velesto Energy - Secured jobs for NAGA 2 & 5
22-Mar-2021 Velesto Energy - Short-term Contracts Secured

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.

  25 people like this.
 
matg ok then just buy and wait for oil bull
08/04/2021 12:37 PM
obakh222 with good news and still not moving is what I meant. In the current situation.
08/04/2021 1:02 PM
Flybythenite obakh222 This ctr norm is move half to 1 sen each time get a contract. That’s why we don’t encourage traders doing biz here. We don’t want you guys to get burnt for being naive or unaware of the trend here.
08/04/2021 1:39 PM
Flybythenite And velesto will go after more contracts. No worries!
08/04/2021 1:40 PM
Flybythenite It’s upward trend. I’m using this ctr as my new FD. :)
08/04/2021 1:43 PM
Flybythenite Of course, much much much better FD rates! Hehehe!
08/04/2021 1:45 PM
LossAversion Velesto talk, talk again...Good price to dispose of after waiting since 0.13. There are many other BETTER stocks!
08/04/2021 1:48 PM
Flybythenite You could have sold at 0.195 But 0.18 is also a good exit point. Good profit!
08/04/2021 1:54 PM
OperationMoneyball 24 active tenders worth 2.9billion. Potential good news coming in
08/04/2021 1:56 PM
Flybythenite Son only half mother’s price. Bought some.
08/04/2021 2:00 PM
JuliusCeasar Steady VELESTO.... Slow but surely...
08/04/2021 2:44 PM
Macgyver11 BIMB TP 0.26 now...kikiki
08/04/2021 4:43 PM
Macgyver11 https://www.klsescreener.com/v2/news/view/813157/more-contract-wins-in-store-for-velesto
08/04/2021 5:07 PM
Macgyver11 Buy buy buy..don't regret after. Velesto = Gold mine.
08/04/2021 5:11 PM
SinGor atlast saw some heavy buying before closing. Maybe croc are back.
08/04/2021 5:37 PM
Flybythenite Quick take: Velesto active, rises 5.8% following contract win

STOCK ON THE MOVE
Thursday, 08 Apr 2021

9:45 AM MYT
Related News
Velesto wins jack-up drilling rig job
ENERGY 18h ago
Velesto wins jack-up drilling rig job
ANALYST REPORTS 9h ago
Trading ideas: Nestle, Velesto Energy, Samaiden
ANALYST REPORTS 9h ago
More contract wins in store for Velesto

KUALA LUMPUR: Velesto Energy Bhd’s shares rose in early trade Thursday after its unit secured a US$17.68mil contract for the provision of jack-up drilling rig services.

The oilfield services provider rose 5.88%, or one sen to 18 sen, its highest in about three weeks with 9.8 million shares done. Velesto-WA added 5.56%, or 0.5 sen to 9.5 sen.

Velesto’s wholly-owned subsidiary, velesto Drilling Sdn Bhd has won a contract for the provision of jack-up drilling rig services for Sarawak Shell Bhd/ Sabah Shell Petroleum Company Ltd.

It said the contract is for its jack-up rig, namely NAGA 4, with an estimated contract value of US$17.68mil.

The contract is to drill seven firm wells for a period from Aug 15 - Oct 15, 2021 it added.
08/04/2021 6:35 PM
Flybythenite Our counter is mentioned same breathe as Nestle! ;) Dun play play! Hehehe!

Trading ideas: Nestle, Velesto Energy, Samaiden

ANALYST REPORTS
Thursday, 08 Apr 2021
8:47 AM MYT
KUALA LUMPUR: Stocks with corporate announcements to watch for on Thursday include Nestle, Velesto Energy, Samaiden, EcoFirst, Paragon Glove, Ageson, MMHE, AirAsia and Genting Malaysia, said JF Apex Research.

Nestle has invested a total of RM150mil to set up a plant-based meal solutions manufacturing facility in Shah Alam.

The facility, which is the first in Aseanand one of the only two in Asia, will cater to the rising demand for plant-based food and will supply local demand as well as exports.

Velesto Energy said its unit Velesto Drilling Sdn Bhd has bagged a contract worth US$17.68mil for the provision of jack-up drilling rig services.
08/04/2021 6:38 PM
Flybythenite More contract wins in store for Velesto
https://www.thestar.com.my/business/business-news/2021/04/08/more-contract-wins-in-store-for-velesto
ANALYST REPORTS
Thursday, 08 Apr 2021

8:41 AM MYT

KUALA LUMPUR: There could be more contract wins in the pipeline for Velesto Energy Bhd as the company has 24 active tenders with a total bid value of RM2.9bil.

According to BIMB Securities Research, the company's recent multiple contract wins signify the recovery in offshore activites, which suggest the worst is over.

Velesto yesterday announced that its NAGA 4 secured a new contract with Sarawak/Sabah Shell to drill seven firm well with a contract value of US$17.68mil.

The contract is expected to begin in September 2021.

NAGA 4 is currently assigned to Mubadala Petroleum for the seven firm wells drilling campaign at Pegaga field until June 20201.

BIMB said the contract win is largely within its expectation but expects more contract wins in ahead.

"To recap, we expect Velesto to achieve utilisation rate of 70% for FY21.

"We expect more contract award in near future as the company is tendering for 24 contracts (16 short term and 8 long term) with total bid value of RM2.9bil," it said.

Currently, two rigs are still idle without contract, while NAGA 5 and NAGA 7 will end their short term contracts in June and September 2021 respectively.

The research house reiterated its "buy" call with an unchanged target price of 26.5 sen based on 1x FY21 forecast price-book.
08/04/2021 6:40 PM
Flybythenite Baca tu?
The research house reiterated its "buy" call with an unchanged target price of 26.5 sen based on 1x FY21 forecast price-book. ;) ;) ;)
08/04/2021 6:41 PM
SinGor KUALA LUMPUR: There could be more contract wins in the pipeline for Velesto Energy Bhd as the company has 24 active tenders with a total bid value of RM2.9bil

****2.9Bil Bid is Huge bcos the Biggest Win Bid so far is RM 70mil ( Avg 24 Bids range for
2.9B is 120mil )
08/04/2021 6:59 PM
SinGor So we can expect weekly "win Bid" announcement for next 2 months......70sens coming
08/04/2021 7:01 PM
Macgyver11 Canteeeek!!!
08/04/2021 7:59 PM
SBHeng besok sapu sikit simpan untuk angpao coming cny. Hehehe...
08/04/2021 10:56 PM
EAGLE Mari mari mari
09/04/2021 12:09 AM
JuliusCeasar Steady VELESTO....
09/04/2021 8:42 AM
bullmarket1628 ‪Wow, oil price continue to rise !‬
‪Brent closed at ‬$63.32 ‪+0.42 +0.67%‬
09/04/2021 8:46 AM
mf TEHRAN: The number of confirmed coronavirus cases in Iran passed the two million mark Thursday, the health ministry announced, as the daily caseload reached a new record high.

The virus has infected 2,006,934 people in Iran and killed 63,884, ministry spokeswoman Sima Sadat Lari said in televised remarks.
https://www.nst.com.my/world/world/2021/04/680777/iran-covid-cases-pass-two-million
09/04/2021 8:47 AM
SleepingForest Good counter for investment. I'm holding this counter for long term investment .have been adding for sometime
09/04/2021 8:57 AM
SinGor Slow Climb on Clear path. Everybody wants to collect Cheap, slow movement. Not many Contra
09/04/2021 9:21 AM
inikalilah888 Fourth Contract Win in Less Than 1 Month
Slow but surel
09/04/2021 10:18 AM
Allantanks Don't buy first. Wait until 30c to confirm uptrend. Lol hahahahaha hahaha
09/04/2021 10:42 AM
syafeq87 baru beli = 0.18
this morning 0.185
09/04/2021 3:04 PM
Macgyver11 https://oilprice.com/Energy/Crude-Oil/Southeast-Asia-Looks-To-Increase-Offshore-Oil-Production.html
09/04/2021 6:22 PM
Macgyver11 Wow so many MOU, so many discovery of new oil fields. Petronas need more rigs service from our local players. More short/long term contract will be issuing out by petronas soon. Among the 24 active tenders mostly from Petronas. Velesto = Gold mine...
09/04/2021 6:30 PM
Macgyver11 KNM - closed 0.19c
Velesto - closed 0.18c

So many new joiner said velesto not moving. Remember velesto was trading @ 0.14c on 1st Jan 2021..within couple month moved to 0.18c. Is that fantastic.
09/04/2021 6:38 PM
Flybythenite Which OnG ctr rocket up when whole industry is still tanked by covid? Looking at actual fact and figure, this counter is performing well. I’ve no complaints! :)
09/04/2021 7:06 PM
Macgyver11 There is another two more velesto royal customers that even issue any tender yet...

1) Mubadala petroleum and..
2) Hess carigali

Hope velesto can bid another contract from either one.
09/04/2021 7:30 PM
Flybythenite Like tat easily 19.5 sen soon! :)
4 Weeks Range: 0.165 - 0.195
10/04/2021 12:53 AM
Flybythenite With impairment costs written off last Q4, tis Q1 results should be good and clean ! ;)
10/04/2021 12:59 AM
Macgyver11 https://www.malaymail.com/news/malaysia/2021/04/09/govt-refines-sop-for-international-tourism-via-licenced-tour-operators/1965306

Itu dia...
10/04/2021 7:12 PM
eeeman85 Velesto, Thheavy, Barakah and Icon.... Let's all in
10/04/2021 9:00 PM
HuatlaiOnglai RM2.9B tender....in a niche market with Velesto being the front runner to secure upcoming tenders. With the niche play, one can assuming they secure 50% (RM1.5B) tender as low case probability and high case 90% of the tender with a strong upside to the share price.
12/04/2021 8:28 AM
JJchan another 2 contract win will surely ends Velesto in Full Circle , back to 30cents
12/04/2021 8:42 AM
JJchan https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210409.pdf

2 weeks ago I still see velesto being "Short" by RSS ( 10mil ++) ------Last Friday All Gone
Even Shorties have All Buy Back
12/04/2021 9:01 AM
JuliusCeasar Oil price spike again and moving north.... Hope touch USD 65 today....
12/04/2021 9:33 AM
Macgyver11 JJchan another 2 contract win will surely ends Velesto in Full Circle , back to 30cents
12/04/2021 8:42 AM

Yup exactly...still got one more indication to look for before the price hike up.

Institutional investors
12/04/2021 10:24 AM
bullmarket1628 Walaoeh, oil price continue to spike up like mad !‬
‪Brent now at $63.67 ‪ +0.72 +1.14%‬
12/04/2021 7:12 PM
Macgyver11 Sapura, knm and perdana sdh goyang hari ini...velesto still strong.
13/04/2021 5:26 PM
bullmarket1628 Walaoeh, oil price continue to spike up to sky high !
Brent now at $64.04 ‪+0.76 +1.20%‬

‪Huat ah, Heng ah, Ong ah !‬
13/04/2021 10:07 PM
limitupmeh last buy 0.180 big fund masuk
13/04/2021 11:28 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program
 
 

327  588  582 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 MINDA 0.175+0.055 
 LUSTER 0.22-0.025 
 CNI 0.215+0.02 
 FOCUS-WD 0.010.00 
 BJCORP 0.40-0.03 
 DNEX 0.82+0.005 
 PERMAJU 0.18-0.01 
 FOCUS 0.405-0.055 
 KTG 0.245-0.015 
 LUSTER-WA 0.125-0.03 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
PARTNERS & BROKERS