VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.215

Today's Change

+0.01 (4.88%)

Day's Change

0.205 - 0.215

Trading Volume

30,751,700


28 people like this.

24,135 comment(s). Last comment by azfar8 2 hours ago

tjhldg

27,218 posts

Posted by tjhldg > 2013-12-19 10:52 | Report Abuse

f that bg year .. .13 also throw to me .

yeo12345

63 posts

Posted by yeo12345 > 2013-12-19 11:27 | Report Abuse

tjhldg....You buy,sale,buy, sale again. It's does't earn much. Charges enough to kill the profit

kayza

86 posts

Posted by kayza > 2013-12-19 11:39 | Report Abuse

yesterday got at 4.00 tp1 4.50...

Joel

4,580 posts

Posted by Joel > 2013-12-19 11:57 | Report Abuse

CIMB UPDATED RESEARCH FOR UMWOG TODAY
STOCK RATING : ADD
TP : SAME rm4.63

Title :
No taming this dragon
Hot on the heels of a contract extension in Vietnam for Naga 2 last
week, UMW-OG today announced that it has secured the first contract
for Naga 5 for a job in the Philippines. The company is on a roll as it
eyes more regional opportunities for its expanding fleet of jack-ups

Points are:
1. We continue to value the stock at
22.5x CY15 P/E, a 40% premium over
our implied market target of 16.1x,
but still within the historical P/E
range of the oil & gas big caps.
Aggressive fleet expansion is the
potential re-rating catalyst that
supports our non-consensus Add
recommendation.

2. we are
nonetheless thrilled that UMW-OG
has secured a contract for Naga 5 five
months before the jack-up is rolled
out. Naga 5, costing US$223m, is
currently under construction at
Keppel's yard in Singapore. Naga is a
Malay word for dragon.

2.1 Though the contract duration is only
for about six months, it helps to open
a new market for UMW-OG as the
company builds its presence in
Southeast Asia.

2.2 The Philippines is the
company's third new market this year
after Vietnam and Thailand. Having
said that, Malaysia remains the
company's main focus.

3.Because of the short contract period,
UMW-OG fetches a higher daily
charter rate of US$165,000 vs. our
expectation of US$150,000. We
expect the rate to normalise to around
US$150,000 once the jack-up is put
on a long-term charter.

4. Accumulate the stock and ride the
excitement as UMW-OG embarks on
an aggressive fleet expansion to take
advantage of the shortage of
Malaysian-flagged jack-ups as well as
the high demand for this asset class in
Southeast Asia.

Joel

4,580 posts

Posted by Joel > 2013-12-19 12:10 | Report Abuse

( Juz share yours )
Nido Hires Jack-Up Rig from UMW

Posted on Dec 18th, 2013 with tags from, Hires, Jack-up, Nido, Rig, UMW

Commenting on the execution of the binding rig contract with UMWSD,
Philip Byrne, Chief Executive Officer at Nido:

“We are pleased to have signed a binding rig contract with UMWSD and we look forward to drilling operations commencing with respect to the Baragatan prospect.
The Baragatan prospect is one of four wells that we will be drilling over the course of the next 6-12 months in the Philippines and Indonesia”. .

From:
OFFSHORE ENERGY TODAY.COM
The industry's upstream news provider

invest2mil

372 posts

Posted by invest2mil > 2013-12-19 19:50 | Report Abuse

Target price : RM3.600 !!!

CityTrader

8,151 posts

Posted by CityTrader > 2013-12-19 20:32 | Report Abuse

Cimb oredi give tp 4.63 & why u tp 3.60.?

LIAU SAN

22 posts

Posted by LIAU SAN > 2013-12-19 20:50 | Report Abuse

I think he target down to rm3.60 ,he want to buy ! ???

CityTrader

8,151 posts

Posted by CityTrader > 2013-12-19 20:53 | Report Abuse

o i see!!! ok, let us sell at 4.60-5.00 then price starts to retrace to 3.60 & he will get it,, fair game, right!!! kikikiki,,,

Harryt30

181 posts

Posted by Harryt30 > 2013-12-19 21:22 | Report Abuse

If can HIT RM4.50, it just like a dream for me!! hehe

sharun

20 posts

Posted by sharun > 2013-12-19 21:58 | Report Abuse

will touch 4.50 in Jan 2014 before CNY... going to sell at 4.50... lock profit

TaurusGal82

1,204 posts

Posted by TaurusGal82 > 2013-12-19 23:33 | Report Abuse

CT- what is yr tp?

tjhldg

27,218 posts

Posted by tjhldg > 2013-12-20 01:13 | Report Abuse

thanks 12345 ... : )

Lasallian

392 posts

Posted by Lasallian > 2013-12-20 09:17 | Report Abuse

hari ni naik 2 sen pun syukur.Harap tutup pd harga RM 4.15.

yeo12345

63 posts

Posted by yeo12345 > 2013-12-20 09:50 | Report Abuse

If got spare "cash" this counter can buy and keep. good new more than no new

MyInvest

496 posts

Posted by MyInvest > 2013-12-20 10:14 | Report Abuse

CIMB's price is fare as per their (UMWOG)current projects.. i believe it will reach 4.6 to 4.7

Joel

4,580 posts

Posted by Joel > 2013-12-20 12:19 | Report Abuse

SET lower TP( rm3.60 ) mean someones wish to buy /
accumalate with low price in UMWOG.

Bcos they r knew UMWOG is bright futune &
further solid growth O & G campany.

This research house ( I dun wan to mention which research house )
really "pandai".Gave lower TP, then they can able to accumulate
UMWOG with low price.

For Me, I only confidence with 4 research houses RANKING as below:
1. RHB Investment
2. CIMB
3. TA.
4. MIDF

MyInvest

496 posts

Posted by MyInvest > 2013-12-20 12:29 | Report Abuse

Hi Joel, TP (3.6) given by Affin IB which is one of the low category bank in malaysia.
Anyway whats your TP for this counter?

LIAU SAN

22 posts

Posted by LIAU SAN > 2013-12-20 22:48 | Report Abuse

Today i sold 5 lots at 4.07,but i will buy back when drop below 3.90 !

thek

232 posts

Posted by thek > 2013-12-21 07:58 | Report Abuse

LIAU SAN good fortune for you .

Lasallian

392 posts

Posted by Lasallian > 2013-12-22 09:14 | Report Abuse

Just bring it on!

Lasallian

392 posts

Posted by Lasallian > 2013-12-22 09:23 | Report Abuse

Kadang-kadang penganalisa pun tidak tahu apa-apa ttg saham. Suka kasi panik pelabur yg tdk kuat mental. Bila pelabur suda jual penganalisa akan buat strong buy pula! Kita sebagai pelabur perlu melabur ikut gerak hati dan buat homework sendiri sblm melabur! Kalau harga UMWOG jatuh menjunam kita belilah!

Stockman

684 posts

Posted by Stockman > 2013-12-22 13:35 | Report Abuse

Some naughty research houses want to take advantage by setting low TP :-(

Posted by Izan09izan > 2013-12-23 10:15 | Report Abuse

Why price down...any idea

Joel

4,580 posts

Posted by Joel > 2013-12-23 10:18 | Report Abuse

My TP rm4.50 or above.
when fall below rm4.00, I think can accumulate.
UMWOG is the stock which is run long term investments.

potenza10

1,220 posts

Posted by potenza10 > 2013-12-23 10:30 | Report Abuse

Sell call...

lly316

159 posts

Posted by lly316 > 2013-12-23 10:32 | Report Abuse

seem like stand-strong..

Lasallian

392 posts

Posted by Lasallian > 2013-12-23 10:46 | Report Abuse

Yg masih pegang kena sabar sehingga awal Jan 2014.Yg suda jual harap dpt beli bawa RM 4!

Joel

4,580 posts

Posted by Joel > 2013-12-23 10:49 | Report Abuse

Hi guys,
QE wil happen 2 weeks begin fr now.
Do u think we still can hold UMWOG share now?
I affraid the price will drop in between rm3.50 - rm 3.80.
I am juz concern & share with u all ( juz a feeling )

lly316

159 posts

Posted by lly316 > 2013-12-23 10:56 | Report Abuse

ya...any sifu here, plz advice plz advice!!!

wwwcomment

448 posts

Posted by wwwcomment > 2013-12-23 11:37 | Report Abuse

Good stock. But why so low compared to tp?

dinos

72 posts

Posted by dinos > 2013-12-23 11:40 | Report Abuse

trade with good etiquette. You shd not ask people to sell for you to buy at low price

Posted by Yeo Michael > 2013-12-23 12:02 | Report Abuse

Take profit only, It will not go down to 3.50 anymore. Even you sales now, i doubt
you can buy back anymore

Posted by Yeo Michael > 2013-12-23 12:49 | Report Abuse

So many contracts on hand, Who know one or two months time they get some more contract
from others countries. Order Book 1.5 Bil already. Blue Chip stock !!!

Stockman

684 posts

Posted by Stockman > 2013-12-23 14:19 | Report Abuse

UMWOG is world's most expensive rig operator with more contracts that can up up

wwwcomment

448 posts

Posted by wwwcomment > 2013-12-23 14:28 | Report Abuse

So tempted to buy. Maybe I try small amount first.

Lasallian

392 posts

Posted by Lasallian > 2013-12-23 17:02 | Report Abuse

CI jatuh tapi harga UMWOG hijau! Boleh jual tapi tdk dpt harga yg pelabur beli dulu!

Joel

4,580 posts

Posted by Joel > 2013-12-24 16:37 | Report Abuse

correct ....agree with Stockman. I read b4 the statements.
I released some lots.
I buy in Dsonic on first day split at rm2.06.

Lasallian

392 posts

Posted by Lasallian > 2013-12-25 16:44 | Report Abuse

Harap harga saham UMWOG pd 31/12/13 adalah RM 4.20!

Joel

4,580 posts

Posted by Joel > 2013-12-26 11:57 | Report Abuse

Alliance's reserach report on 19/12/2013
TP: rm3.16.
so low dunno what ppls in Alliance thinking & doing.
Price call: Sell.
Dun trust Alliance.
Thanks!

MyInvest

496 posts

Posted by MyInvest > 2013-12-26 16:06 | Report Abuse

This Alliance bank is one of stupid bank in terms of service, if they get money its good, if not put low price. Even Allianz share price suppose to be RM 4.50 to RM 5.50 -> Now RM 11.6 something.. Something wrong.....

MyInvest

496 posts

Posted by MyInvest > 2013-12-26 16:08 | Report Abuse

I feel UMWOG got very bright future in asia based on their services and technologies.

MyInvest

496 posts

Posted by MyInvest > 2013-12-26 16:12 | Report Abuse

Date Open Price Target Price Upside/Downside Price Call
03/12/2013 10.30 4.91 -5.39 (52.33%) HOLD HLG

MyInvest

496 posts

Posted by MyInvest > 2013-12-26 16:12 | Report Abuse

So guys dont trust Allianz. :))

Muarmali

1,186 posts

Posted by Muarmali > 2013-12-26 16:21 | Report Abuse

$$$ :)))))

invest2mil

372 posts

Posted by invest2mil > 2013-12-26 21:33 | Report Abuse

Target price : RM3.600 !!!

Posted by saddiqsepakraga > 2013-12-26 21:38 | Report Abuse

don't trust small boy invest2milpubichairs...hehe....

Lasallian

392 posts

Posted by Lasallian > 2013-12-26 22:27 | Report Abuse

TP RM 3.60 bagus juga.

Risk Trader

3,942 posts

Posted by Risk Trader > 2013-12-26 22:34 | Report Abuse

Alliance miss the boat....that y put very low TP

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