THE INVESTMENT APPROACH OF CALVIN TAN
TOP 10 REASONS WHY VELESTO (5243) OR UMW O&G IS THE BEST BUY NOW (Potential Upside 200%), Calvin Tan Research
calvintaneng
Publish date: Mon, 11 Mar 2019, 06:31 PM
calvintaneng
0 1,854
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Hi guys
As most O&G stocks like Carimin, Naim, Dayang & Penergy have gone up 100% to 200% from its lows Calvin has unearthed another Great O&G Stock yet to run up
That Stock is VELESTO (5243) Or UMW O&G
At Its early days of IPO (2013 to 2014) UMW O&G Was As High As Rm4.63
But in Year 2014 Due to Brent Crude Oil price crashed to a low of USD27 Petronas cut down from 39 Oil Rigs to only 14 Oil Rigs
As a result UMW 0&G business contracted & its share price collapsed all the way till now (UMW O&G was later sold to Amanah Saham Bumi) & Name changed to VELESTO
AND NOW THESE ARE SOME VERY GOOD TURNING POINTS FOR VELESTO
1) PETRONAS HAS INCREASED UPSTREAM EXPENSE FROM RM11.5 BILLIONS (2018) TO RM15 BILLIONS (2019) THIS YEAR
That means that there will be EXTRA 30% CASH INFUSION INTO UPSTREAM O&G ACTIVITIES
CARIMIN, DAYANG, PENERGY, BINTULU PORT HAVE SEEN INCREASING REVENUES DUE TO O&G ACTIVITIES FOR YEAR 2018. AND GOING INTO YEAR 2019 IT WILL SEE EVEN MORE ACTIVITIES
All Due to these Factors
2)) Brent Crude Price has gone back up above USD65.00 per barrel
SO IT IS VIABLE TO EXTRACT MORE OIL
3) Govt wants more Dividend from Petronas (Currently Petronas gave Rm24 Billions usual dividend PLUS A Special Dividends of RM30 Billions = Total Rm54 BILLIONS)
4) RAPID REFINERY In Completion also require EXTRA 54.7 MILLION BARRELS OF CRUDE YEARLY
So all these Converging Factors Have Fired Up O&G Stocks
5) VELESTO HAS RECEIVED 6 JOB AWARDS SINCE YEAR 2018
Making a Very Good Track Record of securing over Half a Billion Ringgit Revenue for Year 2018 & 2019
And More Jobs going into Year 2019 as PETRONAS IS STEPPING UP OIL EXPLORATION
6) SEEING SUCH GOOD PROSPECTS AMANAH SAHAM BUMI HAS BOUGHT ANOTHER 31 MILLION VELESTO SHARES
See
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
| VELESTO ENERGY BERHAD |
Particulars of substantial Securities Holder
| Name | AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA |
| Address |
Tingkat 4, Balai PNB 201-A, Jalan Tun Razak Kuala Lumpur 50400 Wilayah Persekutuan Malaysia. |
| Company No. | 766894-T |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Ordinary Shares |
Details of changes
| No | Date of change |
No of securities
|
Type of Transaction | Nature of Interest |
| 1 | 04 Mar 2019 |
31,133,742
|
Acquired | Direct Interest |
| Name of registered holder | AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA | |||
| Address of registered holder | Tingkat 4, Balai PNB 201-A, Jalan Tun Razak, 50400 Kuala Lumpur | |||
| Description of "Others" Type of Transaction | ||||
| Circumstances by reason of which change has occurred | Acquisition of shares |
| Nature of interest | Direct Interest |
| Direct (units) | 3,201,371,044 |
| Direct (%) | 38.967 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Total no of securities after change | 3,201,371,044 |
| Date of notice | 04 Mar 2019 |
| Date notice received by Listed Issuer | 06 Mar 2019 |
Announcement Info
| Company Name | VELESTO ENERGY BERHAD |
| Stock Name | VELESTO |
| Date Announced | 06 Mar 2019 |
| Category | Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 |
| Reference Number |
CS2-06032019-00005 |
7) ALTHOUGH VELESTO HAS 8 BILLION SHARES ITS TOP 30 HOLDERS ARE AMANAH SAHAM BUMI, PNB & TOP LOCAL & FOREIGN FUNDS
80% ARE OWNED BY THESE STRONG HOLDERS
ONLY 1.6 BILLION SHARES OR REMAINING 20% SHARES ARE IN FREE FLOAT
8) SINCE PENERGY, CARIMIN & DAYANG HAVE ALREADY RUN UP SO MUCH IN PRICE IT IS A WISE STRATEGY TO TAKE SOME PROFITS IN THESE & BUY SOME LAGGARD VELESTO
9) VELESTO COULD BE ANOTHER DAYANG OR A HIDDEN GEM
10) JUST LIKE NAIM WAS SOLD DOWN TO 45 SEN AFTER CAPITAL EXERCISE VELESTO HAS ALSO BEEN SOLD DOWN TO ONLY 28 SEN (DUE TO CAPITAL EXERCISE RECENTLY)
I CALLED FOR A BUY ON NAIM AT 50 SEN. NAIM REACHED RM1.00 FOR 100% UPSIDE RECENTLY
SO VELESTO IS NOW 28 SEN
WHAT IS THE TARGET PRICE FOR VELESTO?
CALVIN HAS A ONE YEAR TARGET PRICE FOR VELESTO AT RM1.00
SO FROM HERE THERE IS A POSSIBLE 200% OVER UPSIDE
BEST REGARDS
Calvin Tan
Singapore
Please buy or sell after doing your own due diligence
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AND THESE ARE THE JOB AWARDS FOR VELESTO FROM 2018 TILL NOW
! CONTRACT EXTENSION FOR THE PROVISION OF JACK UP DRILLING RIG SERVICES FOR HESS EXPLORATION AND PRODUCTION MALAYSIA B.V.
USD38 MILLIONS or 38,000,000 x 4.09 = RM155.4 MILLIONS
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6061861
2. AWARD OF CONTRACTS FOR THE PROVISION OF JACK-UP DRILLING RIGS (NAGA 3 AND NAGA 5) FOR PETRONAS CARIGALI SDN BHD
USD10.8 Millions or 10,800,000 x 4.09 = RM44.17 MILLIONS
3.CONTRACT FOR THE PROVISION OF JACK UP DRILLING RIG SERVICES FOR SARAWAK SHELL BERHAD / SABAH SHELL PETROLEUM COMPANY LIMITED
USD25 Millions or 25,000,000 x 4.09 = RM102.250 MILLIONS
4. CONTRACT FOR THE PROVISION OF ONE (1) JACK-UP DRILLING RIG AND ASSOCIATED SERVICES FOR D35, FOR ROC OIL (SARAWAK) SDN BHD
USD31.038 Millions or 31,038,000 x 4.09 = RM126.94 MILLIONS
NOW LET'S SUM UP 4 JOB AWARDS
155.4 Millions
44.17 Mil
102.250 Mil
126.94 Mil
RM428.76 MILLIONS
SO KNOWN FIGURES IS ALREADY MORE THAN FOUR HUNDRED AND TWENTY MILLION RINGGIT!
AND MORE AWARDS WITH NO FIGURE DISCLOSED
5. UMBRELLA CONTRACT FOR THE PROVISION OF 460K DRILLING HYDRAULIC WORKOVER UNIT (HWU) FOR PETRONAS CARIGALI SDN BHD ("CONTRACT") OR ("AWARD OF CONTRACT") (CONTRACT NO: CHO/2017/WELLS/1022 (B))
This is a 3 Year Contract (Sum not disclosed)
6. UMBRELLA CONTRACT FOR THE PROVISION OF 340K AND 460K HYDRAULIC WORKOVER UNIT FOR PETRONAS CARIGALI SDN BHD ("CONTRACT") OR ("AWARD OF CONTRACT")
This is also a 3 Year Contract
But read again the details
The Contract is for the provision of HWU to undertake workover services for PETRONAS Carigali under an umbrella contract. It calls for the use of all or any of UWO’s five (5) HWU, namely UMW Gait 1, UMW Gait 2, UMW Gait 3, UMW Gait 5 and UMW Gait 6 to undertake workover services, which are services rendered in performing maintenance and/or remedial treatments on an oil or gas well.
There are 5 Workover Jobs instead of usual one.
SO THIS IS QUITE A BIG JOB
If the First 4 Job Awards Garnered Rm428 Millions worth of Revenue or RM107 MILLIONS PER JOB AWARD AVERAGING -- WE CAN SAFELY DEDUCT THAT THE LAST 2 JOB AWARDS EASILY GARNER ANOTHER RM200 MILLIONS OR MORE
SO VELESTO ALREADY GOT 6 JOB AWARDS WITH OVER RM600 MILLIONS IN REVENUE IN THE BAG
AND GOING INTO YEAR 2019 WITH EVEN MUCH BRIGHTER PROSPECT DUE TO PETRONAS INCREASING OIL RIG COUNT BY 40% TO 93%
2019-03-12 07:55
Posted by smalltimer > Mar 12, 2019 08:10 AM | Report Abuse
Last week u call penergy now its finishef?
Whoa smalltimer from Pm Corp's time!!
Welcome!
Yes!
PENERGY the Pent Up Energy
I got 100,000 shares of Penergy bought at around 70 sen
So because I SEE BETTER PROSPECTS IN VELESTO I sold half of PENERGY around Rm1.17 & Bought into VELESTO!!!
Calvin is still keeping 50,000 Penergy shares for higher price.
Sifu John Neff taught me to sell into strength & plough back capital into under value stock with potential
And I think VELESTO is my next CHUN CHUN ONE
hmmm
Let's look at the word, VELESTO, again
VE = VERY GOOD
LE = LET
S = US
TO = TOGETHER
SO VELESTO MEANS "VERY GOOD LET US TOGETHER GO HANTAM VELESTO KAW KAW!!
2019-03-12 08:36
WITH OVER RM600 MILLIONS JOB AWARDS ALREADY IN THE BAG OF VELESTO
AND WITH BRIGHTEST PROSPECT EVER ENTERING INTO YEAR 2019 WHERE PETRONAS ALREADY STATED THE INCREASE OF OIL RIG FROM 15 TO 25 OR 29 (UP 40% TO 93%)
VELESTO IS AT THE VERY OUTBREAK OF VERY VERY POWERFUL EARNINGS GROWTH
2019-03-12 10:10
Today the last of those who got bonus umw og shares from UMW might be selling plus all stale holders
ONCE CLEARED VELESTO WILL CROSS 30 SEN AND NO LOOKING BACK FOR A VERY LONG TIME
WHAT YOU ALL SHOULD DO
1) BUY AS MUCH AS YOU CAN WHILE YOU CAN GET BELOW 30 SEN.
2) SELL OTHER OVERVALUED STOCKS LIKE DAYANG AND SWITCH TO VELESTO
SELL MFLOUR AND SELL IFCA ALSO. SELL ALL OTHERS WHICH YOU THINK CANNOT GIVE YOU 100% PROFIT AND BUY VELESTO
3) SELL & CLEAR DEAD STOCKS (CUTLOSS NOW) BUY AND MAKE BACK FROM VELESTO
REMEMBER:
ONE POSITIVE POWERFUL BULL OF BULLS STOCK LIKE VELESTO WILL MAKE UP FOR YOUR OTHER LOSSES IN BAD STOCK!!!
DO IT AND DO IT NOW!!
2019-03-12 10:45
Bye..Bye..30 sen!! all naysayers /those trap at high/ bonus free umwog share already sold. Sky is the limit
2019-03-12 12:38
3P analysis don't matters now
What matters most is this
Velesto going to be very very good this year
Must buy more while still so cheap
2019-03-12 19:11
Don't worry about missing the Next New Thing. Avoiding mistakes and danger zones is more important for long term investment performance.
2019-03-13 08:13
UMW O&G hammer down from 47 to a low 17 before rebounding to current 28/30 level. still below last year pricing
2019-03-13 09:03
There is no other oil and gas stock so safe like Velesto right now
Velesto has
1. Superior Assets
Most oil rigs and HWUs are only 4 to 5 years old
And they are chun chun at the right time in the right place... Just when Petronas is recommissioning moth-balled oil rigs and clod up oil wells
2. Superior Paymasters
Jobs contracted from Petronas and Shell ensure prompt payments
3. Superior Balance sheet
Of the 3 heavyweights Velesto gearing only 0.3 to 0.4. All backed by valuable real assets in oil rigs and HWUs
4. Superior Price
Velesto was once over rm4. 50
Now only 30.5 sen
The opportunity for upside is immense while losses almost negligible
This is it
Go for Velesto today!!!
2019-03-13 09:29
OIL & GAS BULL RUN NEWS: Sabah poised to be on world map with RM13 bil petrochemical plant, Calvin Tan comments
https://www.freemalaysiatoday.com/category/nation/2019/03/06/sabah-poi...
2019-03-13 09:49
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
Best News for VELESTO
Petronas Increase Oil Rigs from 15 to 25 & up to 29 Oil Rigs
Or up 40% to 93%
VELESTO IS A SPECIALIST IN OIL RIGS
See
https://www.thestartv.com/v/petronas-rigs-in-malaysian-waters-to-increase
2019-03-11 19:46