As per Petronas recent announcement that they will be spending bigger and one of the beneficiaries will be Icon. Well, I can only hope its true
Very confident the value of the assets has gone up, as such if depreciation of 57mil is taken out and revaluation of assets is taken into consideration then the result is definitely a big positive
3 weeks ago | Report Abuse
Anyone can share why this share price came down?
Buy O&G shares, earn about 30 to 50% a year for the next 5 years, then buy back the rigs cheap cheap (price of oil should have came down then after US and Russia becomes friends again)
Fund managers giving higher TP
Yes, 50% profit from current price at end of year very likely
Demand for rigs are increasing but you cannot increase supply of rigs easily
Correct correct, agree
No recession, buy all you can
These fund managers didn't realised how undervalued the assets are. The assets can fetch around rm5bil in the next 5 years, how much are they worth now? The shares are easily worth 0.50 now. Kenaga has really shot their own foot.... Again
Ya, should be soon
All O&G service providers should be fully booked, and with better pricing. Can only be good, fantastic or excellent
Selling of bluechips only, this year should be the year of O&G service providers
Quarter ended 30/9/22 NP is 8.8 mil. Assuming following quarters NP is 12 mil, PE now (share price 0.60) is only 4.29. Super super good buy!!!
Sudah masuk lo
Base on 25cts and 190mil profit, the PE is only around 13. For a company expecting increasing profit for the next few FY, the PE should be higher. Look at MrDiy, it's PE is around 40
Anyone can give opinion of what the PE should be?
This is a service provider to oil/gas rigs. The number of rigs have increased and still increasing. I think as such there is a shortage of these service providers, hence will operate in full force and better pricing
I think there is shortage of service providers for oil/gas rigs. Waiting for better news.
There can only be better and better news for these O&G service providers if energy prices stays or goes up
Can someone share the 0.13 target price writeup? Thanks
The above, "combined order book and tender book" is 2bil
WOW!!! All six of Velesto’s rigs are on charter
If profit is 10mil/quarter, pe is only 8 at 12 sen
Thanks SinGor for your valuable info regarding the contracts. Looks like there will be many good news soon
Anyone knows how many contracts are maturing this year? New contracts price should be like triple of the old ones, so hold on.
Target price 0.13 achievable?
Looks like gonna have good news again
Hopefully durian runtuh coming
2022-12-10 14:32 | Report Abuse
China eases covid restrictions
2022-12-06 16:58 | Report Abuse
Bright side - World cup brings good income.
2022-12-03 11:12 | Report Abuse
Anyone here can share why this share is trading around PE 1?. Its a profit making company.
2022-11-17 09:55 | Report Abuse
This few days high volume
2022-11-16 11:16 | Report Abuse
Yes, build up inventory and wait for China post lockdown
2022-11-16 09:49 | Report Abuse
YE 31/12/20 PROFIT=16M, SP= 2.10. YE 31/12/21 PROFIT=118M, SP=5.30. CURRENT YEAR 6 MONTHS PROFIT=104M, SP=YOU GUESS LAH
2022-11-15 21:09 | Report Abuse
Export is in US Dollar, so expect very good result
2022-11-07 14:47 | Report Abuse
Hi all, how does price of oil affects VELESTO's performance?
2022-09-15 10:27 | Report Abuse
Yaaa, sudah mali
2022-07-04 11:18 | Report Abuse
No worries, cost goes up, selling price also will be adjusted upward
2022-07-01 15:36 | Report Abuse
12 months ago price was about 90 sen, but net profit only reduced 19%.
2022-05-24 12:15 | Report Abuse
Wondered why analysts give tp around 6
2022-02-26 08:20 | Report Abuse
Anyone know if they employ foreign workers?
2022-02-21 23:02 | Report Abuse
14/02/22 PB target price 0.79? Any idea why?
Stock: [ICON]: ICON OFFSHORE BERHAD
2 weeks ago | Report Abuse
Based on the recent sale of asset, sale proceed=386mil, nbv of asset sold=196mil, the market value of the assets as at 31/12/22 should be worth around 1b. If got good offers then sell them. Then the company will be cash rich. The company can pay us 15 sen dividend and still have about 500mil in the bank account