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2023-01-18 13:57 | Report Abuse
Very strong buying support !!
2023-01-16 15:51 | Report Abuse
In the latest The edge report, the CEO said the next 3 years Velesto will be in the cyclical growth !!
2023-01-16 14:37 | Report Abuse
if evermix can't make RM11 mil profit then ?
No 11mil shares (20ct x 11mil = RM2.2mil only) to seller BUT they already pocketed sweet RM65 mil cash from Esceram !!!
65 mils cash accumulating from glove former business thru out the year all sai lang into concrete business (where they don't nothing about ) , so a wise investment ?? time will tell !! :(
2023-01-16 11:11 | Report Abuse
heavy buying volume !! 18 ct all sapu habis habis in second !!!
2023-01-15 13:06 | Report Abuse
This weekend the edge just have an interview and publicity with Velesto s boss , looks like sth is brewing ….
2023-01-14 12:42 | Report Abuse
The group profit could be dragged down by cement busniness !! jia lat !!
2023-01-12 15:20 | Report Abuse
diam-diam tunggu sampai TP 30c baru ketawa kuat kuat !! lol ....
2022-12-29 11:03 | Report Abuse
i think mostly retailers or short term players taking profit .....
2022-12-29 11:02 | Report Abuse
Yes !! US is an evil empire, let's support China-Russia-North Korea-Iran 's Axis and conquer the world !!!
Zero covid policy is such a real success .... no death of human lives at all ! according to CCP
Russia will win the war by buying weapons from Iran ...
Let's construct "re-education camps" all over the world and appointed KYY to re-educate people the aforesaid facts !!
2022-12-28 12:00 | Report Abuse
This "kampung" company can't fight with other intrenational players, i think , they can only rely on Abang Petronas, if Petronas give contract, huat lah, if not , PKM already !
So far outlook is quite good, most analysts recommend Veryslow because Abang Petronas is going to increase Drilling Rigs and HWU expenses and this is the specialty of Very-slow !
"Drilling Rigs and HWU. Petronas expects an average of 26 rigs (an increase of 30% YoY) to be chartered in 2023 (12 Jack-up rigs, 4 Tender rigs, 8 Hydraulic Workover Units, 2 semi-sub/drillships) as compared to 20 rigs (9 jack-up rigs, 3 tender rigs, 6 Hydraulic workover units, 2 semi-sub/drillships) in 2022. We highlight the clear beneficiary of this development would be Velesto Energy in our local space."
2022-12-24 21:15 | Report Abuse
No Change to Earnings Forecast
Following this contract announcement, we estimate that Velesto has secured utilisation rate of at least 33% for FY23F. While this is still below our assumption of 75%, we believe it remainsintact. We expect Velesto to gain more market share in the near future as its sole local competitor is considering to sell its rig to foreign operator. To recap, its tenderbook currently stands at RM2.4bn which made up of 8 long term contracts (i.e., more than 12 months) and 20 short term contracts (less than 12 months).
Maintain BUY with Unchanged TP RM0.28
The stock price has recovered swiftly from its all-time low of RM0.075 following news of tighter rig market. However, we think there is still much upside even at current price level stemming from (i) recovery in utilisation rate and (ii) higher daily charter rate. As such, we maintain Velesto as a BUY with unchanged TP of RM0.28 pegged at 1x P/B to FY22F.
Source: BIMB Securities Research - 8 Nov 2022
2022-12-08 13:51 | Report Abuse
If next year average rigs rent can shoot up to US$100K to US$150K, share price can surely shoot up to 50ct and above !!!
2022-12-08 13:49 | Report Abuse
The average daily rent of drilling rigs under VELESTO Energy in the third quarter was US$74,000, which has remained roughly flat this year. Compared with the average rent of US$68,000 to US$70,000 from 2017 to 2021, the increase is obviously not large. It should be noted that it is driven by soaring demand , regional peers are now even getting more than $100,000 in rent. At its peak in 2014, the average daily rent for drilling rigs under VELESTO Energy was as high as US$151,000, more than double the current rent.
It is worth mentioning that in view of the abundant silver bullets of the oil giants in the Middle East, 15 drilling rigs in Southeast Asia will soon go to the Middle East to work for the world's largest oil producer Saudi Aramco, which may further tighten the supply of drilling rigs in the region and catalyze Rents continue to rise.
2022-12-08 13:46 | Report Abuse
"Overall, the good luck that VELESTO Energy has been waiting for for many years has finally come. Under the medium-term environment of insufficient supply and strong demand, it is estimated that the company will be full of money and earn back these years of losses for at least the next two years During the golden age, the stock price traded at only 0.5 times the book value, which added to the investment charm. It is expected to once again become an oil and gas stock that has attracted much attention from the market, and its outlook is impeccable. "
2022-12-08 13:45 | Report Abuse
Ok lah, tired running d , let it take a break .....
Next week pecut lagi >>>>>>>>>>>>>>>
2022-12-02 16:57 | Report Abuse
next week Velestow ("very slow") will change name to Velefast ("very fast") ! lol
2022-12-02 12:02 | Report Abuse
One day up 0.5 cts, one week up 2.5 cts, one month up 10 cts ?
Cukup kah ? Lol
2022-12-01 17:40 | Report Abuse
Can go up 0.5 cent per day, you can laugh already loh ..... lol
sikit sikit, lama lama jadi bukit !! Velesto's style !
2022-11-30 17:52 | Report Abuse
this counter won't fly, it will only crawl ....... ....... ...... ...... .....
2022-11-26 12:02 | Report Abuse
Optimism is all over the market, so be ready for super bull charging all the way to Christmas ...> CNY ....> ..... then sell in May & go away !!!!!!
2022-11-22 12:39 | Report Abuse
Whoever take over as new government, this counter won't be affected at all lah !
whatever government also need to gorek more oil to increase their revenue what ??
safe counter to invest !
2022-11-17 16:43 | Report Abuse
This delusional old chinese rubber (after being brain washed from "re-education camp") has lost the sense to judge thing rationally ... what a pity .... sad to read all his stup1d articles nowadays ..... sob sob
2022-10-21 14:13 | Report Abuse
"very slow" can up 0.5ct per day, you can open champagne to celebrate already loh !
2022-10-20 16:14 | Report Abuse
https://www.techspot.com/news/96373-russia-finds-40-chinese-chip-imports-defective.html
This piece of new (by Russian media themselves) will be a big slap to those delusional chinese rubbers !
maybe that's the reason why the Russia is losing the war !
2022-10-20 16:00 | Report Abuse
Another piece of "spiritual master bation" by a delusional old chinese rubber again & again & again ..... lol
No wonder he keeps losing millions in share market nowadays !
2022-10-15 10:44 | Report Abuse
"very slow" style = sikit sikit lama lama jadi bukit !!
Don't look check the price now, go to do something else and come back at 31-12-2022 !
haha
2022-10-12 11:21 | Report Abuse
If can reach TP = 0.30, die hard "very slow" supporters can be laughing all the way to the bank already !!!
2022-10-06 16:14 | Report Abuse
https://www.theedgemarkets.com/article/heres-what-goldman-ubs-say-about-oil-after-big-opec-production-cut
almost all prominent international investment houses predicted Oil price will reach USD 100 !!
Heng ah, Ong ah, Huat ah !
2022-09-28 14:39 | Report Abuse
CCP is good in bullshiting and this blunt Uncle Koon fell for it ......
2022-09-28 14:31 | Report Abuse
another spiritual "master bation" by Uncle Koon ..... He is getting more and more delusional as the days go by ....
2022-09-21 20:58 | Report Abuse
This “very-slow” is very slow ! It won’t shoot up 10 cts in one day ! Bit by bit 0.5 ct per day …. Sikit sikit lama lama jadi Bukit ! Lol
My experience with Very- slow !
2022-09-21 19:38 | Report Abuse
Just be patient ! TP of 30ct surely can reach by end 2022 ! 2023 can even rise higher to 40-50 ct !!
2022-09-17 10:42 | Report Abuse
https://klse.i3investor.com/web/blog/detail/savemalaysia/2022-09-16-story-h1649129494-In_latest_report_democracy_watchdog_lists_ways_China_is_shaping_convers
In latest report, democracy watchdog lists ways China is shaping conversation in Malaysia
chinese rubbers, please read this !
2022-09-17 10:37 | Report Abuse
To those brain-washed "chinese rubbers" out there, let CCP's communism + autocracy rule the world !!
when that day come, CCp will build millions of "re-education camp" to brain wash , torture those disobey them , those "chinese rubbers" will prosper with corruption, world will be peaceful in that way !! hooray
2022-09-15 11:52 | Report Abuse
If off shore drilling rate reaches USD500,000 per day as predicted by expert, Velesto (now contracted at USD75,000 per day) will surely PECUT !! ..... to RM1 TP ??
2022-09-14 11:33 | Report Abuse
This Fatt king stup!p Kenanga , now up TP from 0.08 to 0.16 pulak ? Lol
2022-09-13 12:49 | Report Abuse
分析:马银行投行研究
目标价:22仙
Maybank investment just give a TP of 22 cts !!!
More and more investment banks queueing to up TP liao !!
Heng Ong Huat Liao !!!!
2022-09-12 17:21 | Report Abuse
Very-slow is just warming up today !!
I can see TP 28ct to reach by year end 2022 when more and more good news revealed !
Be patient !!
2022-09-05 15:27 | Report Abuse
Put those "chinese rubbers" eg. qqq3333 & unlce Koon in Xin Qiang re-education camp for months and let them personally experience the treatment of CCP themselves will be very wise ! lol
2022-09-05 12:39 | Report Abuse
If news of petronas agreed the market charter rate of USD 120,000 with Velesto , price will surely shoot UP !!!! Hopefully
2022-09-05 10:45 | Report Abuse
Last I read from the recently Edge weekly that Petronas is negotiating with all OSV contractors to review upwards thier charter rates !
I was shocked to learn that Velesto s contract with Petronas for thier rigs is currently fixed at USD75,000 whreas the market rate has gone as high as USD 120,000 !! Looks like fatt king Petronas is squeezing them left right and centre !! No wonder they reported loss despite high curde oil price !!
according to the report, many Arab oil majors are coming to "sapu" rigs whereever they can , even paid double price for the acquisition price as sold by Icon Offshore recently !!
The news look promising !!!
Either Velesto can review all their charter rates to market price (33% upwards as revenue ) or sell all their 6 rigs to Arab oil major for fat fat asset profit !!!
2022-09-05 10:18 | Report Abuse
Why Koon Yew Yin continues to be brain washed by CCP fake news propaganda and " lie and spread misinformation about China" by ignoring basic human rights ??
Wake up Uncle, your write-up is as worthless as fake news spreaded by CCP !!
No wonder your blind faith cost you tonnes of money investing in conman's company ... Xin Quan !!
2022-08-30 12:01 | Report Abuse
HLB latest TP :- 15cts
Kenanga latest TP :- 8 cts ....
wait for CIMB TP, last 28 cts , don't know will down grade after seeing fatt king sh!t result ??
2022-08-30 12:00 | Report Abuse
Qr reports for 2022 will be PKM for Fatt king sure !!
2023-2024 results will be fatt king GOOD !!! hopefully .......
2022-08-26 14:55 | Report Abuse
This counter is trading at a very Fatt-King undervalue price !!
Even the lowest TP is 0.10 !! at 0.085 ? it is a dirt cheap price !!
2022-08-25 20:00 | Report Abuse
The Board of Directors of Velesto Energy Berhad ("VEB") is pleased to announce that Velesto Workover Sdn. Bhd. (“VWO”), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMV”), which in turn is a wholly-owned subsidiary of VEB, has received a Work Order Award (“WOA”) from PETRONAS Carigali Sdn. Bhd. (“PCSB”), for Provision of Plug and Abandonment Integrated Services for Tembungo A & B (“WORK”).
2. DETAILS
The WORK is for an estimated value up to RM60 million with salient terms as follows:-
The duration of the campaign is for twenty-one (21) months for Tembungo-A tentatively from May 2022 until January 2024 with an extension option of 12 months for Tembungo-B tentatively from January 2024 until December 2024.
Provision of integrated project management and hydraulic workover unit services for the duration of the campaign
2022-08-25 19:59 | Report Abuse
Just announced 60milions contract won from petronas ! Tomorrow sure Huat liao !!
Stock: [VELESTO]: VELESTO ENERGY BERHAD
2023-01-18 16:38 | Report Abuse
20ct surely can be reached before CNY ! After that TP 30 ct coming !!