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) TORM15 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)
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
Continue on 16th Nov 2019
VELESTO TOUCHED 41 SEN FOR 46% UPSIDE IN JUST 8 MONTHS
Missed buying Velesto at 28 sen? Now don't Miss NETX NOW
AND THESE ARE THE TOP 10 REASONS FOR BUYING NETX NOW
1) FINANCE MINISTER HAS INCREASED ALLOCATION FOR NFCP FIBERISATION FROM RM21.6 BILLIONS TO A WHOPPING RM50.3 BILLIONS (THIS HAS EVEN EXCEEDED PETRONAS ALLOCATION OF RM30 BILLIONS FOR OGSE)
See
Govt investing RM22b in NFCP over the next 5 years
by NUR HAZIQAH A MALEK/ pic by RAZAK GHAZALI
THE government is investing RM21.6 billion via public-private partnerships in theNational Fiberisation and Connectivity Plan (NFCP) for the next five years beginning 2019 until 2023.
Finance Minister Lim Guan Eng (picture) said the NFCP will widen the coverage of high-quality and high-speed broadband Internet nationally, while also ensuring the services are affordable.
“This will lay the groundwork for a comprehensive implementation of 5G in Malaysia, and give Malaysia a first-mover advantage in the era of Industrial Revolution 4.0 (IR4.0),” he said at the 60th Pan-Asian e-commerce Alliance Steering Committee Meeting in Kuala Lumpur recently.
In 2018, the government reformed the broadband market by implementing the mandatory standard on access pricing, which has made the market more competitive and access cost being cut by at least 30%.
Lim also said the government is executing a plan to provide RM20.7 billion worth of cash and non-cash incentives over the next five years to assist companies to transition to IR4.0.
“After all, either you digitalise, or you will not survive. This is the reality that we have to face.
“If we look at the total amount announced in Budget 2020, both fiscal hardware and the software,it amounts to RM50.3 billion over five years,” he said.
With this, the government plans to aid the digitalisation and future-proofing of the nation’s economy by investing in digital infrastructure, reforming broadband market and urging both small and large businesses to accelerate towards IR4.0.
Read again
“If we look at the total amount announced in Budget 2020, both fiscal hardware and the software,it amounts to RM50.3 billion over five years,”
THIS EXCEEDS THE RM30 BILLIONS CAPEX PETRONAS SET FOR OGSE UPSTREAM JOBS
SO DIGITAL INFRAR COMPANIES LIKE NETX, OPCOM & REDTONE WILL DO EXCEPTIONALLY WELL
2) NETX IS THE RIGHT COMPANY FOR NFCP BECAUSE IT IS NETWORK INFRAR SPECIALIST
IT HAS ALREADY DONE JOBS FOR TELEKOM FOR YEAR 2011 & AFTER WHICH IT REGISTERED 5 SEN PROFIT WHICH CAUSED IT TO GO UP FROM 4 SEN TO A HIGH OF 26 SEN IN YEAR 2012
NOW NETX IS ONLY 2 SEN. A FAR CRY FROM ITS HAY DAY OF 2012 BULL RUN WHICH IS NOW RETURNING BACK VERY SOON
3) NETX'S MISSION STATEMENT CONFIRMS IT IS STILL A DIGITAL INFRAR PLAYER
See
NETX MISSION STATEMENT
Inbox
x
Calvin Tan<calvintaneng@gmail.com>
Nov 2, 2019, 10:25 AM (7 days ago)
to penelope.lew
Dear Sir/Madam,
I am a share holder of Netx from Singapore with more than 5 million Netx shares.
I am very happy that Malaysia's latest Budget allocated Rm21.6 Billions for Fiberisation
There are 2 questions I would like to have some assurance
1) www.netx.com.my website is not contactable. I called Ms. Ho the accountant at your office at +603-78878818
She said that it will be up soon. May I know when Netx Company website will be up again? Or is there another website for Netx?
2) In the Annual Report of NETX according to Bursa Website at page 5
I quote
COMPANY BACKGROUND
NetX Holdings Berhad is a technology public listed company on Bursa’s ACE market. Founded in 2000, NetX started off dealing primarily in the supply of network equipment and infrastructure. Fast forward to today, the company now pioneers the advancement of disruptive technologies through its subsidiaries in various industries: digital platforms, e-commerce and IT infrastructure among others. In line with the company’s strategy and vision in rethinking possibilities, NetX focuses on existing innovative technologies by making it better with the goal of challenging the markets they operate in. NetX is based on two key business pillars that are strategically operated through its subsidiaries: Ariantec, a network equipment and infrastructure specialist; and PayAllZ, a payment solutions company which was acquired in 2015 as part of its growth strategy. NetX firmly believes in its philosophy of finding new and better ways of doing things through technology. Its businesses are geared toward redefining and challenging established and conventional practices that bring value to the betterment of whole societies.
I noticed these "phrases repeated thrice"
1) NetX started off dealing primarily in the supply of network equipment and infrastructure (1st line)
2) digital platforms, e-commerce and IT infrastructure among others.
3) Ariantec, a network equipment and infrastructure specialist;
Is Netx still supplying network equipment and infrastructure currently?
Digital platforms, e-commerce & IT infrastructure still a pillar?
Ariantec, a network equipment and infrastructure specialist;
According to Bursa filing for year 2011 Ariantec secured a Rm19.7 Million Job order from Telekom,
Are we still in business with Telekom Malaysia Bhd?
I hope you can reply to these simple questions
Thank you very much
Please convey my best regards to Ms Penelope for her professional and prompt reply
Also convey my best regards to Director Tan Sik Eek for his excellent hard work in so many Companies
Yours faithfully
Calvin Tan
Tel: +6014-6101668
+6502-91069127 (S'pore)
Penelope Lew
Nov 6, 2019, 2:53 PM (3 days ago)
to me
Dear Calvin,
Thank you for your email. In regards to your question(s);
You wrote:-
Questions
Answer
1) www.netx.com.my website is not contactable. I called Ms. Ho the accountant at your office at +603-78878818
She said that it will be up soon. May I know when NetX Company website will be up again? Or is there another website for Netx?
Our NetX website is currently undergoing a major makeover and is estimated to be up and live within 2 weeks time from now. The website address still remains as www.netx.com.my, so do stay tune for the new look soon.
2) In the Annual Report of NETX according to Bursa Website at page 5, I noticed these “phrases repeated thrice”
Ø NetX started off dealing primarily in the supply of network equipment and infrastructure (1st line)
Ø digital platforms, e-commerce and IT infrastructure among others.
Ø Ariantec, a network equipment and infrastructure specialist;
Is NetX still supplying network equipment and infrastructure currently?
Ariantec, the subsidiary of NetX Holdings Bhd, is primarily dealing with supply of network equipment and infrastructure, digital platforms, e-commerce and IT infrastructure among others; and also a network equipment and infrastructure specialist.
Currently, NetX is still supplying network equipment and infrastructure on a project basis.
3) Digital platforms, e-commerce & IT infrastructure still a pillar?
Yes.
4) According to Bursa filing for year 2011, Ariantec secured a RM19.7 million Job order from Telekom. Are we still in business with Telekom Malaysia Bhd?
At present as we do not carry trading of network equipment and onlysupply network equipment and infrastructure on a confirmed project basis.
Thank you again for your enquiry. We hope that we have answered your questions and should you have any further questions please feel free to contact us at any time.
Thank you.
Kindest Regards,
Penelope Lew
FINTEC GLOBAL BERHAD
(Formerly known as Asia Bioenergy Technologies Berhad)
Stock Code : 0150
Lot 13.1, 13th Floor, Menara Lien Hoe,
No.8, Persiaran Tropicana, Tropicana Golf & Country Resort,
47410 Petaling Jaya, Selangor, MALAYSIA
The above is the Official email sent from Singapore to Netx email address and the reply
IT IS NOW OFFICIALLY CONFIRMED FOR ALL DEAR NETX SHAREHOLDERS THAT
NETX THROUGH ITS SUBSIDIARY COMPANY = ARIANTEC a network equipment and infrastructure specialist.
This shows that NETX has a very good chance in securing Digital Economy Infrar jobs from the Rm21.6 Billions NFCP Budget for 12 MP (Malaysia Plan)
At present as we do not carry trading of network equipment and only supply network equipment and infrastructure on a confirmed project basis.
VERY GOOD! NETX HAS NO INVENTORY. ITS EXPERTISE IN BIDDING FOR JOBS WILL ONLY COMMENCE ON A CONFIRMED PROJECT BASIS
KINDEST REGARDS
4) NETX IS ALSOCASH RICH WITH CASH RM34 MILLIONS & CASH WITH SUBSIDIARY RM72 MILLIONS
TOTAL CASH OR CASH EQUIVALENT RM106 MILLIONS WHEREAS AT 2 SEN WITH LESS THAN 3.5 BILLION PAID UP CAPITAL TOTAL VALUE OF NETX ONLY LESS THAN RM70 MILLIONS CASH
SO NETX AT TOTAL VALUE OF RM70 MILLIONS IS STILL 30% DISCOUNT TO NET CASH VALUE
5) NETX HAS ONLY RM1.9 MILLIONS LOAN TAKEN FOR A CORNER 3 STOREY SHOP HOUSE WORTH RM5.4 MILLIONS
WITH ALMOST ZERO BORROWINGS NETX IS IN A VERY SOLID POSITION
6) NETX HAS INVESTMENT OF 9.6% IN MLAB. RECENT SPIKE OF MLAB SHARE PRICE HAS GARNERED RM1.6 MILLIONS FOR NETX.
7) ASIABIO/FINTEC HAS INVESTED IN MLAB, FOCUS AND OTHER SHARES WHICH HAVE ALREADY RUN UP IN VALUE
ON AUGUST 2019 FINTEC THRU ITS SUBSIDARY ASIABIO BOUGHT 103 MILLIONS NETX SHARES IN OPEN MARKET AS HIGH AS 2 SEN A PIECE
THAT SHOWS THAT NETX DIRECTORS ARE SANGUINE ABOUT NETX'S FUTURE
THEY ALREADY BOUGHT AT 7 SEN IN YEAR 2015 WHEN THEY TOOK OVER NETX
THEY ALSO TOOK UP NETX RIGHTS ISSUE AT 5 SEN FOR YEAR 2016
WARREN BUFFET LIKES DIRECTOR/INSIDER BUYING UP COMPANY SHARES (IN THIS CASE THEY USE THEIR INVESTED MONIES IN ASIABIO TO TAKE UP HUGE CHUNKS OF NETX
A GOOD SIGN INDEED
8) EMPLOYEES ESOS WAS ALSO AT 4 SEN. PRIVATE PLACEMENT WHICH SHOULD BE POSTPONED TO JAN 2020 ARE NOW FERVENTLY TAKEN UP AT 1.89 SEN & 1.8 SEN (NO MORE BELOW 1.5 SEN AS PP WILL COMMENSURATE WITH CURRENT MARKET TRADED PRICE OF NETX IN OPEN MARKET
9) EVERYDAY THE NEW 4TH INDUSTRIAL REVOLUTION OF E-COMMERCE, DIGITAL BANKING, PAYMENT, EDUCATION, ROBOTICS, AIRTIFICIAL INTEELIGENCE & ALL OTHERS ARE EVER INCREASING IN THE MARCH OF DIGITISATION
THE DIGITAL AGE IS HERE
NETX IS IN THE RIGHT PLACE AT THE RIGHT TIME WITH THE RIGHT SKILL
10) THAT'S IT
WE ARE GETTING NEARER AND NEARER TO JOB AWARD FROM THE RM50.3 BILLIONS BONANZA SPENDING FOR DIGITAL INFRAR EXPANSION LIKE NEVER BEFORE
NOW IS THE TIME TO BUY UP ALL AVAILABLE NETX SHARES AT 2 SEN
BEST REGARDS
Calvin Tan Research
Singapore
Please buy or sell after doing your own due diligence
STOP PRESS
Hi guys
Since I posted this and whataspp my friends I received feed back that more will buy Netx and also buy Velesto as well
I think T7 global or destini will be better options than Velesto
Velesto has become so popular while T7 global and Destini remain as laggards.
Therefore I think T7 would be a much better buy now as it has received new workover project from Petronas For 5 years. It has also secured workover projects from vestigo
T7 global therefore offers great upside from here.
Share this:
More articles on THE INVESTMENT APPROACH OF CALVIN TAN
Since I posted this and whataspp my friends I received feed back that more will buy Netx and also buy Velesto as well
I think T7 global or destini will be better options than Velesto
Velesto has become so popular while T7 global and Destini remain as laggards.
Therefore I think T7 would be a much better buy now as it has received new workover project from Petronas For 5 years. It has also secured workover projects from vestigo
T7 global therefore offers great upside from here.
Sales, WAKE UP ! this is Bursa Malaysia trading/investment jungle , NOT YOUR YAHWEI SHALOM land of milk & honey, with all goodie people..
Dont you realise, our good friend has to keep working 24 by 7, even on a good Sunday, to keep pumping HOT AIR, for fear, his beautiful Castle in the air, may collapse any moment, if he stop pumping hot air ?
Posted in Next Forum by calvintaneng > Nov 18, 2019 6:36 PM | Report Abuse X
Good
At least Molly Ngui clever to buy and made some money here
So many naysayers wasted so much time & energy trying to talk down Netx to half sen in futile effort
Now let Calvin tells you his experience from REAL LIFE
In years 2007 to 2008 I bought Opcom. After buying 10,000 shares Opcom at
Rm1.00 each for RM10,000 it crashed to my horror all the way to 30 sen
But knowing that Malaysia is in its infancy regarding fiber optic future I bought all the way down till I had a total of 400,000 shares with average price around 40 sen to 45 sen
Then Opcom rebounded to 40 sen, still below my buying price 45 sen (after averaging from 10 lots to 400 lots)
Suddenly one day Opcom jumped from 42 sen to 48 sen above my holding cost of 45 sen. So I got itchy and sold a little at 47 sen to 48 sen (I didn't know why Opcom spiked up)
Next day Opcom announced Rm359 Millions Job award from Telekom
The Board of Directors of Opcom Holdings Berhad ("the Company") wishes to announce that its subsidiary, Opcom Cables Sdn Bhd has on 21st April 2009 received a Letter of Award amounting to RM359 million from Telekom Malaysia Berhad ("Telekom") for the supply, delivery, training and support services of Passive FTTH System to Telekom for a period of two (2) years ("Award").
AT THIS NEWS OF JOB AWARD FROM TELEKOM OPCOM WENT LIMIT UP RIGHT BEFORE MY EYES FROM 48 SEN TO REACH 70 SEN AND THEN PEOPLE STARTED SELLING TO TAKE PROFIT
(SO CALLED EXPERT ADVISE (WRONG) BUY ON RUMOUR AND SELL ON NEWS)
SO I SOLD THE MAJORITY OF MY OPCOM SHARES FROM 70 SEN AS IT WEAKENED DOWN TO 63 SEN
OF COURSE I MADE GOOD MONEY IN OPCOM. BUT I SHOULD HAVE HELD ON FOR OPTIMAL GAIN
THEN OPCOM DECLARED A SPECIAL 22.5 SEN CASH PAYOUT
See
29-Aug-2011 14-Sep-2011 DIVIDEND Special Dividend RM 0.225
AT THE ASTOUNDING NEWS OF 22.5 SEN SPECIAL DIVIDEND OPCOM GONE LIMIT UP THE 2ND TIME TO CROSS RM1.00
SO TAKE CALVIN'S ADVISE
DON'T FOOL AROUND AND PLAY PLAY WITH NFCP FIBERISATION STOCKS LIKE OPCOM, NETX, REDTONE AND ALSO SACOFA (CMSB)
JUST BUY AND HOLD ON TO IT TIGHTLY COME WHAT MAY TILL JOB AWARD & FINAL RESULT OUT THEN ONLY SEE IF YOU WANT TO TAKE PROFIT OR STILL HOLD
KINDEST REGARDS
Calvin
PLEASE STICK WITH UPSTREAM FIBERISATION STOCKS ONLY
Amount owing by subsidiaries in audited annual report: 2012 -- 2.5 mil 2013 - - 2014 -- 4.4 mil 2016 - 18 mil 2017 - 26 mil 2018 - 72.7 millions with ariantec and others
From the audited figures of year 2018
Cash with Subsidiaries have gone up from a mere Rm2.5 millions in year 2012 to Rm72.7 MILIONS IN YEAR 2018
That means Rm70 MILLIONS FOR 6 YEARS OR RM10 MILLIONS A YEAR!!
WELL DONE NETX TEAM!!
No wonder Insiders bought another 103 MILLION NETX SHARES AS HIGH AS 2 SEN
See
ASIABIO CAPITAL SDN BHD 23-Aug-2019 Acquired 19,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 23-Aug-2019 Acquired 19,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 22-Aug-2019 Acquired 15,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 22-Aug-2019 Acquired 15,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 15-Aug-2019 Acquired 12,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 15-Aug-2019 Acquired 12,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 13-Aug-2019 Acquired 20,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 13-Aug-2019 Acquired 20,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 09-Aug-2019 Acquired 9,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 09-Aug-2019 Acquired 9,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 08-Aug-2019 Acquired 8,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 08-Aug-2019 Acquired 8,000,000 0.000 View Detail ASIABIO CAPITAL SDN BHD 07-Aug-2019 Acquired 10,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 07-Aug-2019 Acquired 10,000,000 0.000 View Detail ASIABIO CAPITAL SDN. BHD. 06-Aug-2019 Acquired 10,000,000 0.000 View Detail FINTEC GLOBAL BERHAD 06-Aug-2019 Acquired 10,000,000
WELL DONE!!
2019-12-17 11:44
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calvintaneng
Hi guys
Since I posted this and whataspp my friends I received feed back that more will buy Netx and also buy Velesto as well
I think T7 global or destini will be better options than Velesto
Velesto has become so popular while T7 global and Destini remain as laggards.
Therefore I think T7 would be a much better buy now as it has received new workover project from Petronas For 5 years. It has also secured workover projects from vestigo
T7 global therefore offers great upside from here.
2019-11-17 00:51