Posted by JJchan > 2019-03-01 16:57 | Report Abuse

0.26 can be broken next week

Posted by birkincollector > 2019-03-01 17:10 | Report Abuse

Wat la...bad company like armada and barakah recoup their losses in a day but velesto good results dropped.

Posted by JJchan > 2019-03-01 17:49 | Report Abuse

pnb, epf, kwap, didn't throw a Life-Line( pump-in cash) to armada, barakah + Dayang----just a yellow Rubber Duckie and shout watch-out for Shark

Posted by Ron90 > 2019-03-01 20:02 | Report Abuse

syndicate play....huge debt laden with bad QR ..up ..trap ikan bilis at the top nanti.. .. vice versa, good company, consistent good uptrend results, they push it down as the performance is no good.

wait for a few days, the true color will appear

Posted by thesteward > 2019-03-01 22:46 | Report Abuse

Next week velesto turn

Posted by Ron90 > 2019-03-02 01:26 | Report Abuse

early bird catches the fly... if u believe la

https://www.youtube.com/watch?v=PrG6UWM1tE0

Posted by snwong13 > 2019-03-02 07:38 | Report Abuse

.
FYI. ..

"Oil prices decline on demand concerns to lose roughly 3% for the week"

Weaker-than-expected data on U.S. manufacturing and consumer sentiment, on the heels of a fall in Chinese factory activity to its lowest in three years, raised worries about energy demand.

https://www.marketwatch.com/story/oil-prices-linger-near-3-month-highs-as-crude-supply-appears-in-check-2019-03-01

Posted by 263263 > 2019-03-03 22:21 | Report Abuse

Buy buy buy

Posted by JJchan > 2019-03-04 10:15 | Report Abuse

Wa---morning All Big Fish Buying----A million a pop----Absence Ikan Bilis

Posted by JJchan > 2019-03-04 13:01 | Report Abuse

any guess for today closing price?

Posted by 263263 > 2019-03-04 13:21 | Report Abuse

0.255

Posted by Ron90 > 2019-03-04 14:07 | Report Abuse

more gradually..just imagine, if they can reduce the about 3 Billion debt just within 1-2 years, what would that be for next/this year performance? Buy for the next 3 months...only 25c.. TP = >30c ..
profit from Dayang would come to this counter very soon.

Posted by IronShirt > 2019-03-04 16:34 | Report Abuse

0.255 maybe tomolo

Posted by Mar2083 > 2019-03-04 16:44 | Report Abuse

25sen closing

Posted by JJchan > 2019-03-04 17:00 | Report Abuse

0.26--0.265 tomolo---Vol is getting Bigger

Posted by anson938 > 2019-03-05 00:51 | Report Abuse

Oil price rally more than 1% due to OPEC cut hopes.

Posted by anson938 > 2019-03-05 07:28 | Report Abuse

US crude oil rises 1.4 percent on trade deal hopes, OPEC supply cuts

Posted by JJchan > 2019-03-05 09:46 | Report Abuse

mau jalan

Posted by farisszuan > 2019-03-05 10:25 | Report Abuse

should buy not

Posted by anson938 > 2019-03-05 10:36 | Report Abuse

it's might fly to 0.30 soon.Buy Buy Buy...

Posted by IronShirt > 2019-03-05 11:48 | Report Abuse

0.30 Breakeven for PNB, Kwap, Epf ,,,,,no need to ask who or What

Posted by 張德胜 > 2019-03-05 11:49 | Report Abuse

Hopefully close high today...

Posted by JJchan > 2019-03-05 12:18 | Report Abuse

today before 12:30 closing, players are more confident than yesterday. No big lot dump at 12:00

Posted by JJchan > 2019-03-05 12:19 | Report Abuse

Price is Push-up by Big Fish( check around 11:30am)

Posted by bovunbursa > 2019-03-05 13:02 | Report Abuse

Velesto is lagging behind other oil counters though it has better turn around quarter result. Stay tune. Itsanta clause is coming

Posted by nestor > 2019-03-05 15:14 | Report Abuse

the QR already release right ?

Posted by 張德胜 > 2019-03-05 16:11 | Report Abuse

Very positif

Posted by rijack88 > 2019-03-05 16:28 | Report Abuse

velesto-wa still very cheap.. can collect some

Posted by fraddieshare > 2019-03-05 16:51 | Report Abuse

next from dayang

Posted by JJchan > 2019-03-05 17:04 | Report Abuse

The Pilot of Dayang plane takeoff so fast that after an hour of flight time did the pilot realised they
left one engin behind( still in the repair bay )

Posted by SuperPanda > 2019-03-05 18:00 | Report Abuse

good as expected

---------------------------
SuperPanda good report can hold longer, end this week may up back 0.26
27/02/2019 19:47

----------------------------
SuperPanda 0.26 first then 0.30
28/02/2019 00:13

Posted by SuperPanda > 2019-03-05 18:00 | Report Abuse

move to next TP 0.3 end this month

Posted by JJchan > 2019-03-05 18:11 | Report Abuse

Jan 2018, Velesto Blast-off for 0.29 to 0.45 in 2 Days ( All O&G counters are grinding to a halt temporary Except Velesto) Lightning sometimes Hit Twice

Posted by SuperPanda > 2019-03-05 19:15 | Report Abuse

@JJchan true velesto supporter.. when i was trading here at 0.28~-0.32, him was around.. your patience will be paid off soon. wait for another 2 quarter

Posted by 263263 > 2019-03-05 22:23 | Report Abuse

My average price is 0.30.

Posted by Mabel > 2019-03-05 22:33 | Report Abuse

2019: Positive and enthusiastic (Based on Maybank Assessments)

Velesto is particularly upbeat over this year’s prospect, which we concur. We posit that it is most leveraged to capitalise on PETRONAS’ increased drilling activities offshore Malaysia. With expectations of strong, sustainable requirement for JUs (16-19 rigs p.a. in 2019-21) over the next 3 years, we expect Velesto’s utilization to surpass 80% in 2019 (2018: 73% utilization), a positive.

Consequently, we expect Velesto to return to the black in 2019, based on an 82% utilization level. Its P&L break-even utilization, in our view is at 77%, which is based on existing opex structure and DCR of USD68k

Posted by Mabel > 2019-03-05 22:34 | Report Abuse

On de-gearing mode

With improving cashflows, Velesto has pre-paid MYR50m of its borrowings in Feb 2019, as part of its de-gearing acceleration exercise. Its net gearing stood at 43% as at end-Dec 2018. Our replacement valuation rates its JU at USD140m per unit. Every USD10m step-up in its JUs asset values would increase our valuation by 3sen/ share.

Posted by Mabel > 2019-03-05 22:36 | Report Abuse

Value Proposition

Malaysia’s JU rigs operator with a relatively young fleet (7 units, averaging 5 years).

JUs are Malaysia-flagged and owned and will be able to capitalise on Malaysian cabotage rules.

Velesto is going through a challenging but gradually improving macro environment, as it faces bottoming of DCRs but gradual recovery of JU utilisation.

Returns outlook is improving but the pace of recovery will be gradual, backed by its continuous efforts to optimise costs and utilisation.

Posted by Mabel > 2019-03-05 22:38 | Report Abuse

Swing Factors

Upside
Recovery in crude oil prices a near term stock driver.

Rising utilisation/DCRs and margin expansion are key catalysts.

Though unlikely in our view, a potential privatisation exercise would likely generate excitement.

Downside
Further weakness in oil price will hurt share price performance.

Execution mishap, cost overruns and / or absence/ nonextension of charters will cause adverse reaction.

Failure to meet debt repayment/covenant is a sign of financial distress.

Posted by Mabel > 2019-03-05 22:38 | Report Abuse

12m Price Target MYR 0.33 (+35%)

Posted by offshore > 2019-03-06 08:33 | Report Abuse

Young fleet? Naga 2 was delivered in perhaps 2009 and Naga 8 was 2014. Most of the rigs were acquired with the cost of above USD200m except for Naga 2 and 3. If the industry is really recovering, it's time for new players to jump in because rigs are cheap now.

Posted by 張德胜 > 2019-03-06 08:57 | Report Abuse

Good morning, are you accumulating?

Posted by signalmw > 2019-03-06 08:57 | Report Abuse

This alsp

Posted by JJchan > 2019-03-06 10:06 | Report Abuse

last 2 days Big Fish enter at 11:30am with one million a pop buying

Posted by 263263 > 2019-03-06 10:38 | Report Abuse

Big big fish come liao

Posted by JJchan > 2019-03-06 10:51 | Report Abuse

whether it is 40 cents or 50 cents it is still undemanding valuation bcoz 70% those trap from previous Goreng were "Trap" at 4.00, 2.50 and 1.00

Posted by SuperPanda > 2019-03-06 11:35 | Report Abuse

.27 broken, good sign.

Posted by junetan20 > 2019-03-06 11:36 | Report Abuse

this time what is ur tp?

Posted by rijack88 > 2019-03-06 11:42 | Report Abuse

good job!!!

Posted by 100000668624314 > 2019-03-06 11:50 | Report Abuse

GO VELESTO ... ;)