VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.215

Today's Change

0.00 (0.00%)

Day's Change

0.21 - 0.22

Trading Volume

60,218,900


28 people like this.

24,133 comment(s). Last comment by hafizduhari 20 hours ago

SuperPanda

11,431 posts

Posted by SuperPanda > 2018-06-21 18:58 | Report Abuse

some said cannot get .275 again but in fact it went lower .265

even possible to .25 i think, who knows. so prepare capital to buy

Balong

67 posts

Posted by Balong > 2018-06-21 20:55 | Report Abuse

The next support is at 0.26. If that support broken, it will go down trend. For how long? I dont know. Maybe after Finance Minister stop talking rubbish, hopefully

Haha

413 posts

Posted by Haha > 2018-06-21 21:19 | Report Abuse

crude oil also still go down...top profit n change the company name...but the price still no up...

Hustle

3,615 posts

Posted by Hustle > 2018-06-21 22:36 | Report Abuse

In fact price nowadays is lower than the price before crude achieve usd 50

Hustle

3,615 posts

Posted by Hustle > 2018-06-21 22:37 | Report Abuse

Russian alreadu start to dispose us bond and build up gold reserve

Hustle

3,615 posts

Posted by Hustle > 2018-06-21 22:40 | Report Abuse

Seems like oil price purposely been press down to control inflation

Hustle

3,615 posts

Posted by Hustle > 2018-06-21 22:41 | Report Abuse

But not sure bouncing spring theory will happen or not

Hustle

3,615 posts

Posted by Hustle > 2018-06-21 22:44 | Report Abuse

Highest level of crude during year 2007 is USD135/barrel will you have opportunity to review the time capsule again?

Hustle

3,615 posts

Posted by Hustle > 2018-06-21 22:52 | Report Abuse

http://www.sinchew.com.my/node/1767137/原料或涨价‧森德财测不变

Hustle

3,615 posts

Posted by Hustle > 2018-06-21 22:54 | Report Abuse

Control crude price means control inflation

Hustle

3,615 posts

Posted by Hustle > 2018-06-21 22:55 | Report Abuse

Trade war between china

Balong

67 posts

Posted by Balong > 2018-06-21 23:58 | Report Abuse

I'll collect more at 0.26 @ 0.265. If my theory is right, this stock is forming triple bottom. After that, if buyers is strong, it will breakout

JokerT

1,391 posts

Posted by JokerT > 2018-06-22 09:15 | Report Abuse

today will break TP0.300 rebound day

mawiLegend

152 posts

Posted by mawiLegend > 2018-06-22 12:41 | Report Abuse

cannot break .30 this month slow growth avoid this counter..too many intraday traders

JokerT

1,391 posts

Posted by JokerT > 2018-06-22 15:32 | Report Abuse

heading TP0.30 today

JJchan

7,182 posts

Posted by JJchan > 2018-06-22 16:57 | Report Abuse

I don't think those Q are Day Trader-----No margin to made ( if you are waiting here long enough, you know the trend----cannot make money ) But everyday there are buyers
Since PNB+Kwap+EPF+LTH+ their maicai already holding 75%----it wouldn't be long the liquidity will dried up.

SuperPanda

11,431 posts

Posted by SuperPanda > 2018-06-23 02:58 | Report Abuse

Velesto most contracts end this year. Once new contracts announce, sentiment is better and should break 30c.

Compare hib and sap, this stock the less attraction but at 27c, upside 2c will gives >7% return.

To play short here, buy big vol at .275c below and sell all at .295 above.

This trends had happened 4 times past 3 mnths and im never loss.

If next wk rebound to .295 again, total 5 times.

anson938

1,984 posts

Posted by anson938 > 2018-06-23 10:37 | Report Abuse

https://www.cnbc.com/commodities/
Crude oil up around 6%...

anson938

1,984 posts

Posted by anson938 > 2018-06-23 10:39 | Report Abuse

Brent oil might hit 80 again!

JJchan

7,182 posts

Posted by JJchan > 2018-06-23 12:05 | Report Abuse

I have no worry about Velesto 2018 results (from now until Sept 2019). Maybe one /two surprise
like securing Biz from Middle-East Countries.
Ppl are jumping with joy when Sapnrg secure 1.8B for 2019 ( 2018 may see Red ) But they
forgot (not IB) that Sap needs about 10B contracts for 2019 to squeeze out some profits ( 1.8B at 10% profit margin = 180m ) Sap needs about 450m(minimum) to cover Cost "every quarter"----

SuperPanda

11,431 posts

Posted by SuperPanda > 2018-06-24 21:51 | Report Abuse

Next mth will release new contracts wins/ext. stay tune.

JokerT

1,391 posts

Posted by JokerT > 2018-06-25 11:17 | Report Abuse

Today sure up. strong support

mawiLegend

152 posts

Posted by mawiLegend > 2018-06-25 15:50 | Report Abuse

no up again lol

Ishwaar

4 posts

Posted by Ishwaar > 2018-06-26 13:55 | Report Abuse

You need to have a long term mindset. Stock cannot up up up everyday. If you have done a proper analysis, you won't be bothered about the day to day fluctuations

Balong

67 posts

Posted by Balong > 2018-06-26 17:48 | Report Abuse

Long term is for people who lived atleast 80 years ago. A time when you need walk to post office to send a letter to your broker and receive a reply a week after. Today, you can look immediately at your PC what your stock is doing. Why need to wait for years to get return of 30% when you can get it in a month? Not make sense

anson938

1,984 posts

Posted by anson938 > 2018-06-27 08:34 | Report Abuse

Crude oil surge near US71 & Brent US76.
https://www.cnbc.com/quotes/?symbol=%40CL.1

Hustle

3,615 posts

Posted by Hustle > 2018-06-27 09:17 | Report Abuse

All OnG company already been give order ignore the crude price and maintain their share price at low side to prevent market panic

Hustle

3,615 posts

Posted by Hustle > 2018-06-27 09:17 | Report Abuse

Control crude price = control inflation

Hustle

3,615 posts

Posted by Hustle > 2018-06-27 09:19 | Report Abuse

That's why Ron95 directly been give subsidies to prevent the hike of consumer goods price

Hustle

3,615 posts

Posted by Hustle > 2018-06-27 09:20 | Report Abuse

Just dig up what is the share price while crude below USD50/barrel you will discover the whole strategy

Hustle

3,615 posts

Posted by Hustle > 2018-06-27 09:22 | Report Abuse

Temporary OnG counter will not move further due to operator n IB need to dispose all their portfolio at finance and property sector first

Posted by Jonathan Keung > 2018-06-27 09:23 | Report Abuse

higher CRude price translate into more jobs

Hustle

3,615 posts

Posted by Hustle > 2018-06-27 09:24 | Report Abuse

We are a bit delay due to the recent election just let the operator finish their job first

Hustle

3,615 posts

Posted by Hustle > 2018-06-27 09:27 | Report Abuse

During 1997 while crude hit USD135/barrel all the company really recruit lots of people even factory workers can own private jet

Hustle

3,615 posts

Posted by Hustle > 2018-06-27 09:33 | Report Abuse

Higher gold price doesn't reflect the increasing of millionaires

offshore

327 posts

Posted by offshore > 2018-06-27 11:04 | Report Abuse

This company has been talking about going to Middle East since 2015. Let's be realistic. To go into Middle East, the rig needs to be towed to that continent. Who is going to pay for that and do you know how much it cost?



JJchan I have no worry about Velesto 2018 results (from now until Sept 2019). Maybe one /two surprise
like securing Biz from Middle-East Countries.
Ppl are jumping with joy when Sapnrg secure 1.8B for 2019 ( 2018 may see Red ) But they
forgot (not IB) that Sap needs about 10B contracts for 2019 to squeeze out some profits ( 1.8B at 10% profit margin = 180m ) Sap needs about 450m(minimum) to cover Cost "every quarter"----

sens

15 posts

Posted by sens > 2018-06-27 14:12 | Report Abuse

look like this counter still have a lot of people are following....
i am waiting more contract this company get...

SuperPanda

11,431 posts

Posted by SuperPanda > 2018-06-27 14:21 | Report Abuse

until new contracts awarded, good for short trade. buy 27c, sell 29c its a 7.4% gain.

SuperPanda

11,431 posts

Posted by SuperPanda > 2018-06-27 14:25 | Report Abuse

no need to go middle east, just ensure utilization rate >70% then profit will coming. it on the rise now.

Stephenloo

195 posts

Posted by Stephenloo > 2018-06-27 16:24 | Report Abuse

As I know they got 7 rigs and all have been using now.
Correct me if I'm wrong.

wudmec

254 posts

Posted by wudmec > 2018-06-27 21:59 | Report Abuse

25-Jun-2018 Acquired 20,000,000
Registered Name AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA
Nature of Interest Direct Interest

Money122

982 posts

Posted by Money122 > 2018-06-27 22:59 | Report Abuse

Will rise to 50 cnts

JJchan

7,182 posts

Posted by JJchan > 2018-06-28 07:18 | Report Abuse

UMW-OG is currently bidding for 12 international contracts and 21
Malaysian contracts. International contracts are mainly at the Middle East,
Indonesia and Vietnam. We understand that DCRs for overseas contracts
are slightly lower than Malaysian contracts. Nevertheless, it enables
UMW-OG to secure a foothold in the various countries.
 Although DCRs are lower, we view the aggressive bidding overseas
positively, as it reduces the Group’s dependence on Petronas.

Source: TA Security

JJchan

7,182 posts

Posted by JJchan > 2018-06-28 08:19 | Report Abuse

20m bought on 25 June-----2nd Quarter Report already ready for Velesto management to PNB. ( Amanah + yayasan= 50% of Velesto Shares )

Why buy 20m if results are lousy ?

Posted by Mat Trader > 2018-06-28 10:02 | Report Abuse

start your engine

freddiehero

16,715 posts

Posted by freddiehero > 2018-06-28 10:31 | Report Abuse

wah so big invest in. hope got earn money..

anson938

1,984 posts

Posted by anson938 > 2018-06-28 12:30 | Report Abuse

good!

sens

15 posts

Posted by sens > 2018-06-28 18:31 | Report Abuse

another 15m brought by ASB.

JJchan

7,182 posts

Posted by JJchan > 2018-06-28 18:56 | Report Abuse

Sellers are drying up very fast-----as what i predicted earlier----Big Big Mop

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