Don't forget that Hlcap also has an asset management arm with RM11billion assets under management....

sounds like bs lol

Good also. Pnb should leave. Bring in someone more capable

later u-turn again how

biasa la bro. Bumi this Bumi that no wonder 1usd = RM4.8

For them the definition of Bumi means their own family members or cronies

manipulate to buy cheap

Maybe the price offered to be increased...

It would be best if Pnb sold its shares in Velesto to another party who has the expertise...

Buy to block

Push for higher number

RM1.55 is a joke. Minimum RM2 laa

Amanah takda amanah

Actually profit kaw2 but become less kaw because abang sudah pao

"Jack-up marketed utilisation in Southeast Asia has increased to 100% and charter rates for the latest fixtures continues to be on an uptrend. Currently, all six of the Group's available jack-up drilling rigs are working"

60c

30c is small. Think big.

this stock can be RM1 if well managed

privatise?

BUY

Let me run this company, I will triple its net worth in a month.

next qr up 50% lol

Pnb tido ka? Dont know how to create shareholder value. Duduk makan gaji buta aje. Memang takde standard

Jual Velesto ke Petronas je la. Pnb tak guna

They still have almost 600mil shares each lol.
In fact, I think it's not a bad thing. If they wanna sell to some other funds/investors who are better at running this specific kind of business. It's a win win.

from supporter to hater this Macgyver guy. Dah jual duduk diam diam

Maybank lower tp to collect first

Lol sell call bcos you wanna buy lower right? Haha.

Velesto is in a sweet spot right now. Rigs in short supply. Worldwide utilization already 95%. Just like when gloves in short supply we all saw what happened. Now rigs in short supply... and Velesto is the only prominent local player. So, just enjoy the ride.

50c coming...

30c minimum

Moo is backdoor expert. Need to be careful

Whether it's Oil or salt water, Petronas needs to pay for the usage of the rigs.. Either way it's still a huge positive for Velesto

They booked all six rigs which is excellent news. Which means utilization rate will probably be >80% for the whole year. Dcr must be higher this time .

"On the demand side, the global use of tin will increase rapidly through the metal?s use in electronics (especially as electric vehicles increasingly contain greater amounts of electronics in their body) and solar panels (in photovoltaic cells), cementing tin?s status as a commodity of the future. Ultimately, this will allow the market to tighten and return to a production balance deficit by 2026 that will only grow deeper over the years."

Despite getting all contracts from Petronas and receiving support from PNB , this Bumi company still can't perform. Sorry to say but ,I believe if it was run by chinese /non-bumi management, this company will make alot of money. Look at Hibiscus, Armada, Yinson, etc... The evidence is right in front our eyes.

WIll drop below 1

Rm15

going lower..

Bagi masa... Bila politik dah stable nanti ini terbang

Actually why price down? Don't make sense...EPF still selling?

Agreed. Don't make this a speculative counter. The fundamentals are strong enough to sustain the journey up.

KPMG are only doing their job, which is to protect the shareholders' interests. We should actually thank them for raising these issues. I trust the auditors more than the guys behind the company.
Very clear that there has been some accounting manipulation on a huge scale. If its on a small scale, I believe Kpmg wouldn't really raise issues. They would just restate the figures. But who knows what the final outcome is. We just got to wait and see.