Posted by IronShirt > 2019-10-25 17:08 | Report Abuse

looks like BB came in and mop-up all ikan bilis / contra selling....next week no need helmet and seat belt.....sure 40c

Posted by Ling Hua Kang > 2019-10-25 18:07 | Report Abuse

New announcement? No wonder went up

Posted by CHLEONG888 > 2019-10-25 18:50 | Report Abuse

It is coming, accumulate

Posted by lskshare > 2019-10-25 19:02 | Report Abuse

Just keep for long term. No regrets

Posted by lskshare > 2019-10-25 19:02 | Report Abuse

At this level, risk level very low but with great upside potential

Posted by Ronald Tee > 2019-10-25 19:26 | Report Abuse

tp 0.45 next week

Posted by Jonathan Keung > 2019-10-26 08:53 | Report Abuse

Short term target 39-40 price

Posted by JJchan > 2019-10-26 10:10 | Report Abuse

PNB moving Velesto shares into Amanah from Yayasan is sure sign Velesto will go further Up.
Amanah got ASB saham Portfolio which is very stable
Yayasan is PNB garbage Dump for "Bad / slow moving stock "

Posted by Nepo > 2019-10-26 11:27 | Report Abuse

It (shares move from Yayasan to ASB) got some logic because ASB needs to pay huge dividends. If Velesto can pay dividend/capital appreciation, then ASB can solve its cash flow problem.

Posted by IronShirt > 2019-10-26 11:33 | Report Abuse

pump-up to 1.0 and sell some for dividend.....almost normal PNB operation every year

Posted by IronShirt > 2019-10-27 15:07 | Report Abuse

tomorrow T+3= New Cycle. If Vol. more than 70mil....Bull Run continue

Posted by Lee Yong Hour > 2019-10-27 23:07 | Report Abuse

Hopefully

Posted by CHLEONG888 > 2019-10-28 15:41 | Report Abuse

Believe still got ample room to surge this week, my strategy is to accumulate, medium to long term investor, may gain big profit, perhaps next week will have healthy correction if this counter keeps up increasing this week

Posted by RMSB > 2019-10-29 09:23 | Report Abuse

Started

Posted by joni > 2019-10-29 09:55 | Report Abuse

40 SEN

Posted by RMSB > 2019-10-29 09:57 | Report Abuse

It’s possible to double current price if momentum maintained.

Posted by RMSB > 2019-10-29 09:58 | Report Abuse

Year end bonus

Posted by Huat1 > 2019-10-29 10:07 | Report Abuse

Immediate TO 0.450

Posted by pang72 > 2019-10-29 10:24 | Report Abuse

Armada buaya switched to velesto

Posted by pang72 > 2019-10-29 10:24 | Report Abuse

Let's drill!!

Posted by pang72 > 2019-10-29 10:25 | Report Abuse

Drill deep deep!

Posted by pang72 > 2019-10-29 10:25 | Report Abuse

Yes!! 45c..

No Uturn...

Posted by kaleemtheman > 2019-10-29 10:34 | Report Abuse

VELESTO Energy Bhd’s latest drilling contract is expected to help the company achieve its 80% utilisation target while providing earnings visibility for the year.

The upstream oil and gas drilling service provider secured a US$8 million (RM33.5 million) contract from Petronas Carigali Sdn Bhd via its indirect wholly owned unit, Velesto Drilling Sdn Bhd.

Expected to commence in the third quarter of this year (3Q19), the contract is to drill two firm wells whereby the group will assign its Naga 7 drilling rig for the works.

Kenanga Investment Bank Bhd analyst Koh Huat Soon said the duration of the work is expected at 90 to 120 working days with daily charter rates believed to be near US$70,000 per day (excluding other value-added services).

This will enable Velesto Energy’s to make earnings before interest, taxes, depreciation and amortisation (EBITDA) margins of around 45%.

Posted by pang72 > 2019-10-29 10:53 | Report Abuse

Set to recover!!
Same as Armada!!
So it should at least 43c as Armada did!!

Posted by pang72 > 2019-10-29 11:31 | Report Abuse

38c fake Q will gone!!

Posted by SinGor > 2019-10-29 11:38 | Report Abuse

i see 40c coming

Posted by Akukakijudi > 2019-10-29 12:07 | Report Abuse

Power ah

Posted by SinGor > 2019-10-29 12:35 | Report Abuse

53mil Vol. (morning ) is enough to absorb All selling by contra. I think pushing into 0.38 space later

Posted by yoyo > 2019-10-29 12:40 | Report Abuse

man man lai, biar lambat asalkan selamat

Posted by pang72 > 2019-10-29 13:12 | Report Abuse

All rigs have rented out....
So, profits keep coming in..

Posted by newbieJ > 2019-10-29 14:31 | Report Abuse

@Mabel, is it good to buy Velesto now? Any TP? Thanks.

Posted by lam > 2019-10-29 14:40 | Report Abuse

投资石油天然气公司要小心
https://klse.i3investor.com/blogs/tombthieves/214176.jsp

Posted by Mabel > 2019-10-29 16:26 | Report Abuse

@newbieJ @Mabel, is it good to buy Velesto now? Any TP? Thanks.

29/10/2019 2:31 PM

newbieJ ,

Yes and I'm still buying even-though I have collected it earlier.

I believe the uptrend is intact as share price has tested its 52-week high at RM0.365 on Friday with exceptionally higher trading volume. Technical-wise, the share price is trading above all leading moving averages and we expect buying interest to persist, possibly to trend higher. From here, resistance levels are expected at RM0.420 (R1) and RM0.480 (R2).

Just take a look at the volume since last week. Right now at the time of writing it's already crossing 70 million shares. Ever wonder why?

Once the operator and bankers have collected it will go upwards. I have seen this pattern happened before in Armada. Please buy after you have made a good diligent. Velesto is my 2nd best performers under my collection of 9 Energy companies.

All the best !

Posted by Jonathan Keung > 2019-10-29 18:18 | Report Abuse

Worst is reach

Posted by CHLEONG888 > 2019-10-29 18:39 | Report Abuse

Moving steadily and slowly, foresee very good potential, but must have relatively good holding power

Posted by Nepo > 2019-10-29 21:51 | Report Abuse

Yes, steadily moving upwards. Can buy in

Posted by GuruLabur > 2019-10-29 22:30 | Report Abuse

kaunter mantap

Posted by calvincheebursa > 2019-10-29 22:56 | Report Abuse

besok kasi naik lagi

Posted by papparich > 2019-10-30 08:58 | Report Abuse

Price up may be over extended. Don't want to be greedy. You guys enjoy the ride, I earn lesser so as long no heart attack..lol.

Posted by papparich > 2019-10-30 09:09 | Report Abuse

Price may be over extended, so I exit first. Anyway, you guys have fun. Hope it goes up further for you all. As for me, I am contended with my winnings for now.

Posted by Mabel > 2019-10-30 09:33 | Report Abuse

Thanks for selling. Managed to collect more this morning...

Velesto is my 2nd best performing O&G Stocks after Armada...

Posted by Nepo > 2019-10-30 11:09 | Report Abuse

I also think the same way as @Mabel, buy in and follow @ Mabel

Posted by calvincheebursa > 2019-10-30 11:09 | Report Abuse

same here

Posted by sheep > 2019-10-30 12:19 | Report Abuse

time to take profit..thank you velesto

Posted by KEYBOARD > 2019-10-30 13:56 | Report Abuse

THANK YOU SHEEP

Posted by Joviwongkk > 2019-10-30 14:08 | Report Abuse

Buy buy buy!

Posted by wongchin > 2019-10-30 14:12 | Report Abuse

Sell sell sell

Posted by Plantermen > 2019-10-30 14:14 | Report Abuse

Higher demand for Jack up rigs seem positive for Velesto. Petronas expected to increase & the number of Jack up rigs { for local operators} velesto seem the main beneficiary

Posted by Jonathan Keung > 2019-10-30 14:26 | Report Abuse

Write a comment.. Tomorrow is EGM date. Can asked Board their outlook

Posted by MatBum07 > 2019-10-30 14:41 | Report Abuse

follow your own instinct. don't bother to fortune teller on
theirs comments