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.

24,132 comment(s). Last comment by leeabraham 1 day ago

Woodswater

3,780 posts

Posted by Woodswater > 2019-08-12 09:23 | Report Abuse

但该行认为,公司盈亏平衡率估计为78%,预计仍会出现小幅亏损。

http://www.klsescreener.com/v2/news/view/566128

Woodswater

3,780 posts

Posted by Woodswater > 2019-08-12 09:34 | Report Abuse

7) ALTHOUGH VELESTO HAS 8 BILLION SHARES ITS TOP 30 HOLDERS ARE AMANAH SAHAM BUMI, PNB & TOP LOCAL & FOREIGN FUNDS

80% ARE OWNED BY THESE STRONG HOLDERS

ONLY 1.6 BILLION SHARES OR REMAINING 20% SHARES ARE IN FREE FLOAT

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6249697
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6248601
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6248605
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6248613

EPF 6.884 + PNB / Yayasan pelabuhan Bumi both 15.388 ( x2 ) + amanah trustee 36.1

Woodswater

3,780 posts

Posted by Woodswater > 2019-08-12 09:56 | Report Abuse

https://www.investing.com/equities/umw-oil-and-gas-corporation-technical

From the above technical chart shown , movement still need further monitored to close above ma 100 @ 0.311 , ma 200 @ 0.308 The is only save for newbie to buy in . Let say coming up Qr slightly lossing , v still need another 6 months but surely hit 2 consecutive profit during 3qr20 @ Nov to 4qr20 @Feb ‘2020 to hit RM 1 .the most uncertain/ risk is coming Qr Aug ( which less 6 trading days to released ) . Hv to monitor these few days only decide to top up . Within this 6 month , GLC likely the best manipulator fro 33 - 27 - 30 c . The stakes of GLC from peak of 80% until now 73.76% . Market has absorb 6.26 ( free float is 26.24 vs 73.76 ) mean accu by third party ( sharks ) ???
Still need extra focus these few days to make sure real rebound then only top up more , happy trading n investing at own risk . Sharing is caring ! Pls Tiu me if i’m Wrong . Tqvm.

Wakakakaka

Mabel

23,564 posts

Posted by Mabel > 2019-08-12 10:33 | Report Abuse

Let's all HUAT Together!

calvintaneng

55,617 posts

Posted by calvintaneng > 2019-08-13 11:43 |

Post removed.Why?

VFTRADER

787 posts

Posted by VFTRADER > 2019-08-14 08:35 | Report Abuse

PNB / Yayasan pelabuhan Bumi both 15.388 ( x2 )

Note:
Sorry, cannot x2 coz PNB is Direct Int & Yayasan is Deems Int.
Only cal 1x.

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-08-14 10:09 | Report Abuse

coming qtr will not be so good bcoz utilisation not up to max, still have rigs without job

it just need one announcement of contract win this year then it will boom

KEYBOARD

267 posts

Posted by KEYBOARD > 2019-08-14 13:13 | Report Abuse

pnb 15.38 amanah 36.1 epf 6.872

KEYBOARD

267 posts

Posted by KEYBOARD > 2019-08-14 13:14 | Report Abuse

tergat 60 cents

KEYBOARD

267 posts

Posted by KEYBOARD > 2019-08-14 13:18 | Report Abuse

can reach 90

anticonman

533 posts

Posted by anticonman > 2019-08-14 14:38 | Report Abuse

If QR bad why up? Some1 work for EPF/PNB manipulate?

Posted by SuperPanda > Aug 14, 2019 10:09 AM | Report Abuse
coming qtr will not be so good bcoz utilisation not up to max, still have rigs without job
it just need one announcement of contract win this year then it will boom

KEYBOARD

267 posts

Posted by KEYBOARD > 2019-08-14 15:09 | Report Abuse

boom

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-08-14 17:55 | Report Abuse

qr will not be so good in term of profit (maybe 5m or less) but for sure will be better on qoq and yoy

Posted by HuatlaiOnglai > 2019-08-14 18:28 | Report Abuse

HLG expect smaller lose in Q2 but improvement from last Qtr and q218. Let’s see.

https://klse.i3investor.com/m/priceTarget/51500.jsp

Mabel

23,564 posts

Posted by Mabel > 2019-08-19 18:33 | Report Abuse

Betul...

Simpan...

Posted by HuatlaiOnglai > 2019-08-19 18:36 | Report Abuse

Promising closing for tomorrow QR announcement. What would it be?

Sales

3,242 posts

Posted by Sales > 2019-08-19 21:23 | Report Abuse

Hi Mabel

Posted by birkincollector > 2019-08-19 21:27 | Report Abuse

today off market transaction of 150mil shares at 0.305. FYI

Posted by HuatlaiOnglai > 2019-08-20 08:41 | Report Abuse

I've a feeling Volesto will have a "black" QR today as opposes to HLG saying "red"

SinGor

4,782 posts

Posted by SinGor > 2019-08-20 14:38 | Report Abuse

Velesto got one buyer only----Epf. Most ikan bilis already sold their body to Nasi Lemak towkay.
IB just cheering on the sideline like pom-pom girls......lastest Kenanga

keanlew

12 posts

Posted by keanlew > 2019-08-20 20:51 | Report Abuse

whean???

keanlew

12 posts

Posted by keanlew > 2019-08-20 20:51 | Report Abuse

when???

oily gassy

760 posts

Posted by oily gassy > 2019-08-23 16:04 | Report Abuse

Moving. Qr must be good I believe

fosther

161 posts

Posted by fosther > 2019-08-27 15:06 | Report Abuse

Guan Eng may visit China again to attract investments
KUALA LUMPUR (Jul 15): Finance Minister Lim Guan Eng said he may pay another visit to China, potentially Shenzhen again, to attract more investment into Malaysia.
Lim said although the US is the largest foreign investor in Malaysia and is expected to continue to increase, but the potential of China’s capital is increasing.
“China has its advantage, and the US has its advantage. These two countries are among the best in terms of foreign investment, and they are both very important,” he told local Chinese media Kwong Wah Daily in an interview last Saturday.
Lim said if he visits China again next month, his focus will be on investment, so one of the destinations would likely be Shenzhen, to attract high-tech, high-value Chinese major manufacturers to invest in Malaysia.
Lim also said after his first official visit to China earlier this month, both countries' governments are discussing the possibility of establishing an interactive channel for the stock exchanges of both countries.
Lim said he would discuss this further with Chinese authorities if his next visit to the country materialise.
"I hope we can yield some results in the near future," he said.
Lim said in addition to investment and business, both countries also hope to strengthen securities and stock exchanges areas.
After a visit to the Shenzhen Stock Exchange, Lim said they are studying whether it is possible to create a new platform that makes both capital and stock markets more competitive, and gain more access to financing.
Lim said this would require further works to be done, including formulation of the technological process and financing mechanism.
Lim hopes that after visiting China, he could accelerate the materialisation of this objective.
On the matter of potential raising of Panda bonds from banks in China, Lim said the Malaysian government is still considering it, as the government thinks that it deserves a lower interest rate.
Meanwhile, Lim said after visiting Huawei’s operation in Shenzhen and meeting its management, the technology giant pledged to strengthen its investment in Malaysia.
Lim also said representatives from Huawei will organise a visit to Malaysia as well, and he is scheduled to meet them to discuss more on the company’s potential implementation of 5G technology in Malaysia. "They will come in a week or two. When I am in Penang, I will discuss with them," he said.

sheep

3,845 posts

Posted by sheep > 2019-08-29 13:42 | Report Abuse

Doesn't look good..if qr not out by today..big sell tomorrow

Rowie

471 posts

Posted by Rowie > 2019-08-29 14:29 | Report Abuse

today sure out
unlikely to be bad
still +/- 20m

Wuzy

1,579 posts

Posted by Wuzy > 2019-08-29 16:39 | Report Abuse

TP 20cens , sell before too late

swchin2

12 posts

Posted by swchin2 > 2019-08-29 16:58 | Report Abuse

Be patient

SinGor

4,782 posts

Posted by SinGor > 2019-08-29 20:23 | Report Abuse

tomolo, prepare to sailang or register as a beggar with DBKL

HSC2014

43 posts

Posted by HSC2014 > 2019-08-30 08:18 | Report Abuse

Today is the optimism day, hope good report to follow the market direction and reach target...

oily gassy

760 posts

Posted by oily gassy > 2019-08-30 12:47 | Report Abuse

Yes. Finally

Posted by fraddieshare > 2019-08-30 12:49 | Report Abuse

RESULT OUT

Posted by fraddieshare > 2019-08-30 12:50 | Report Abuse

Result up up up

Rowie

471 posts

Posted by Rowie > 2019-08-30 12:50 | Report Abuse

11.6m profit
Next qtr much better

Surewind

292 posts

Posted by Surewind > 2019-08-30 12:52 | Report Abuse

Nice! Lets see if it will start the engine later.

Surewind

292 posts

Posted by Surewind > 2019-08-30 13:42 | Report Abuse

NOTE 16 – Current Prospect

Drilling activities have continued to increase with more contracts being tendered out and awarded,
both locally and globally. At present, six out of the seven jack-up drilling rigs owned by the Group are working while one is being prepared to be mobilised for the recently awarded long term contracts, expected to commence in early September 2019. With the commencement of the new contracts and extension of existing contracts, utilisation of the rigs is expected to increase significantly in the second half of the year, with a number of them expected to continue working into 2020 and beyond.

The demand for hydraulic workover units is also improving with two of the Group’s units are already
working and a number of tenders are in progress. The increased demand in both jack-up drilling rigs and hydraulic workover units is expected to benefit the Group, being the main player with strong domestic and regional track records. Improvements in time charter rates and contract durations are also seen based on recently awarded contracts.

Oilfield Services Segment
While the business outlook has shown some improvement, the Group will continuously evaluate the viability of the only remaining minor subsidiary operating under this segment.

Group
Based on the expected higher utilisation and time charter rates for the Group’s assets in the second half of the year, the Board expects an improved financial performance for the Group in 2019.

Can say next quarter all 7 jack up rigs will be working. If they can obtain 1 or 2 more HWU contract new quarter results will be even more beautiful.

DoomStock

270 posts

Posted by DoomStock > 2019-08-30 14:12 | Report Abuse

At present, six out of the seven jack-up drilling rigs owned by the Group are working while one is being prepared to be mobilised for the recently awarded long term contracts, expected to commence in early September 2019.

Hmmmm...recently awarded...another project officially to be announced soon?

Posted by HuatlaiOnglai > 2019-08-30 15:22 | Report Abuse

Exceed expectation, as most research house, the likes of HLG project Q2 to make loss. Let’s fly!

Posted by 1151204499 > 2019-08-30 17:02 | Report Abuse

What actually happen to velesto?? What mena QR?? It is bad or good. ???

whitesheep

393 posts

Posted by whitesheep > 2019-08-30 20:04 | Report Abuse

sell on news ...but it's good news

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-08-30 22:15 | Report Abuse

ave 30c, next week 33c

Posted by investortrader88 > 2019-08-31 11:55 | Report Abuse

now kaki goreng gathered at bumi armada.hope velesto up next week ! huat ahhh !

Money122

982 posts

Posted by Money122 > 2019-08-31 16:43 | Report Abuse

Q2 net profit earnings more 149.5% than previous Q2 !! May start going upward

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-09-02 08:13 | Report Abuse

still a long way to go but this will be the beginning, coming qtrs will be better, so stay put and chill

Woodswater

3,780 posts

Posted by Woodswater > 2019-09-02 09:32 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6271093

Agree with sifu super panda seems now actually the Best entry time to acccu Vele until hit 2 consecutive Qr Nov . Meantime , management launch ESOS 7.5 % but price ? Could ease the share prices slightly down a bit . Good oppo to grab 29.5 or 30 c . Happy invest Tuesday as new tariff tax again Monday should cause volatility . Sien ...

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-09-02 22:36 | Report Abuse

woodswater, im not sifu, jst another trader like you

esos good to reward employees but bad to shareholders if given big discount... like vs gave 56c to higher mgmt when the share price is >rm1 and reach till 3.50, shareholders actually paying for the esos

it did not state the esos price, hope it will be reasonable rate of 30c++

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