Posted by CHLEONG888 > 2019-11-11 21:32 | Report Abuse

Think correction too , do not think tomorrow will down, perhaps today is T2, a lot of people selling

Posted by Daily8 > 2019-11-11 22:06 | Report Abuse

Some change of hands taken place by gov side. Looks like it will settle a little before resuming to another level.

Posted by Jerichomy > 2019-11-11 23:00 | Report Abuse

This counter is tortoise, it reminded me of steel counters...i bought this counter before too...it is very similar to sapura...abit better only lar...can earn abit only but can lose in big way for no reason...

Posted by Lim Yan Kiat > 2019-11-12 07:48 | Report Abuse

Hope today can rise to 41 cent

Posted by paktua73 > 2019-11-12 08:06 | Report Abuse

morning to all red stock troopers..
today we stand fight..
dare to wait..
will reload 2nd entry at below 0.38

troopers.. remember!!
we're the champion in our fields..
we lead the wave..we conquer the battle..
fear never lead us ever!!

remember..
the smart one ignored the rutin
will fight on his believe..
A wise man was say.. simple method??
he say..
"BUy WHEN ALL RUN"
and..
"SELL WHEN ALL WANT to BUY"..
but..
why many people's fail to deliver..

let hear this..
let spirit spread all around..
we're the champions..
who are we???
who are we??
who are we??

let we sing louder...

https://youtu.be/0RfSrWYbyHw

we're red stock hunter..
red wave is our field..
dare to fight or die try
is our motto..

tut tut
troopers stand fight!!

Posted by thinkfirst > 2019-11-12 09:02 | Report Abuse

Velesto Energy Berhad
Market heats up, rates on upward trajectory
A new benchmark rate of US$98,000/day?
Last week, Velesto secured a 3-year firm period drilling contract with Carigali Hess for US$98k/day, higher than contracts secured earlier in 2019 that ranged between US$67k- 76k/day. The fact that Carigali Hess had agreed to significantly higher rates suggests that the Malaysian and Southeast Asian (SEA) jack-up (JU) rig market is heating up, as can be seen by the rise in JU utilisation rates across SEA markets. But to what extent is US$98k/day the new benchmark against which future contracts will also be priced? In our model, we assumed that Velesto will price contracts in 2020F at US$75k/day, and US$80k/day in 2021F. If US$98k/day is the new benchmark, our assumptions are conservative, suggesting upside to our earnings and target price assessment.
Further JU rate upside seems assured...
The JU rig utilisation rate in SEA has risen from only 46% at end-Dec 2018, to 73% as at 6 Nov 2019, with Malaysian utilisation up from 67% to 88%, and from 56% to 91% in Indonesia. We are confident of further JU rate upside in FY20-21F, because Petronas and its production sharing contract partners have only fulfilled 75% of its drilling days forecast for 2019F, due to various operational delays. There is the potential for the 2019F shortfall of four rig-years to spill over into next year’s original demand for an average of 18 rig years, for a total revised demand of 22 rig-years in 2020F, the highest in half-a- decade. Also, in recent months, JU rates for numerous contracts in the Middle East and Vietnam have exceeded US$80k/day with increasing frequency. We are already seeing JU rigs tempted back to those markets from SEA, draining supply from this region and helping SEA rates catch up to their Middle East levels. Velesto itself is ready to bid for work in UAE, Qatar and Kuwait, if the opportunity arises and if it has available rigs.
...though up to 10 cold- and ready-stacked rigs may be available
While the current utilisation looks tight, we note that there are three young Seadrill units (below 15 years old) that are cold-stacked in Malaysia, and another seven young JUs (six years or younger) that are ready-stacked in Singapore waters. If Malaysian JU demand, activity levels and DCR rates rise sufficiently, these 10 units may be reactivated, which could moderate the rate upside. We will keep our rate assumptions of US$75k/day in 2020F and US$80k/day in 2021F until we see more evidence to support further upside.
Target price revised up to 47 sen
Our target price is raised to 47 sen as we factor in higher utilisation and charter rate assumptions, lower the cost of equity from 10% to 9.5% due to the decline in the Malaysian risk-free rate, and roll forward our target price to end-CY20F. Downside risks may emerge if Petronas decides to slow down drilling work to cool down the market.

Posted by MingGoon > 2019-11-12 09:22 | Report Abuse

I just bought Velesto at 0.39

Posted by MingGoon > 2019-11-12 09:26 | Report Abuse

Dailog Qtr result just release, and net profit increase.
This shows that Oil and Gas counter for this qtr to be release result will be good
Velesto result should be release around Nov 23, and Velesto result should be good
Investors are buying into Velesto now, as Velesto is still cheap compare to Armada or KNM
Velesto near TP 0.48, next TP 0.56

Posted by MingGoon > 2019-11-12 09:30 | Report Abuse

Velesto 0.395 now, going to break 0.4
Armada heading towards 0.5, going to break 0.5
Velesto profit margin is higher than Armada profit margin, as velesto is cheaper than Armada
If you buy in Velesto now, and tag along with Armada, you will have bigger profit margin than Armada
Cheers Velesto. Velesto near TP 0.48, next TP 0.56

Posted by lee_m2020 > 2019-11-12 09:46 | Report Abuse

yea..sure.. sharks are coming..

Posted by lee_m2020 > 2019-11-12 09:47 | Report Abuse

they keep selling at .39 how to break .4?

Posted by lee_m2020 > 2019-11-12 09:48 | Report Abuse

to help create another momentum we need to hold.

Posted by thinkfirst > 2019-11-12 09:50 | Report Abuse

add again @39 sen

Posted by lee_m2020 > 2019-11-12 09:54 | Report Abuse

wow...armada break .505. this velesto mist have the momentum momentarily..

Posted by lee_m2020 > 2019-11-12 09:56 | Report Abuse

what a frenzy buy out... lol

Posted by thinkfirst > 2019-11-12 10:01 | Report Abuse

today will be above 40 sen

Posted by Daily8 > 2019-11-12 10:23 | Report Abuse

yakah lobangking?

Posted by lee_m2020 > 2019-11-12 10:29 | Report Abuse

wow..EPF bought 53mil

Posted by lee_m2020 > 2019-11-12 10:30 | Report Abuse

when this buyout reflected? today?

Posted by MingGoon > 2019-11-12 10:31 | Report Abuse

ThinkFirst - Cheers..
Velesto keeping the momentum 0.395 , 20 Million changing hands, Huge volume buying and accumulate more
Got people sell, definitely got people buy, that why you are seeing investor keep on buying and buying

Posted by lee_m2020 > 2019-11-12 10:44 | Report Abuse

i checked the volume registered in, not appear yet those 53 Mill

Posted by lee_m2020 > 2019-11-12 10:44 | Report Abuse

be ready jump in the boat ...huattt..

Posted by lee_m2020 > 2019-11-12 10:50 | Report Abuse

ok guys , i calculated correct me if im wrong, 57m shares transacted will enough to boost 10 cent maximum if nobody sell.

Posted by lee_m2020 > 2019-11-12 10:50 | Report Abuse

that would be .445

Posted by thinkfirst > 2019-11-12 11:14 | Report Abuse

Firm contracts FY17 FY18 FY19F FY20F FY21F FY22F FY17 FY18 FY19F FY20F FY21F FY22F

(A) EXCLUDING POTENTIAL BUT UNCONFIRMED CONTRACTS
Total contract days 1,745 1,833 2,038 2,346 1,915 1,104 123.8 130.9 144.4 174.0 157.5 96.2
- Firm contract days 1,745 1,833 2,038 1,625 455 365 123.8 130.9 144.4 119.3 42.5 35.8
- Option contract days 0 0 0 721 1,460 739 0.0 0.0 0.0 54.6 114.9 60.4
Total calendar days 2,555 2,555 2,555 2,555 2,555 2,555
Avg charter rates (US$/day)
Total utilisation rate (%) 68.3% 71.7%
79.8% 91.8% 75.0% 43.2%
70,960 71,432 70,840 74,150 82,219 87,115
- Firm contract days 68.3% 71.7% 79.8% 63.6% 17.8% 14.3% 70,960 71,432 70,840 73,440 93,451 98,000
- Option contract days 0.0% 0.0% 0.0% 28.2% 57.1% 28.9% 75,749 78,719 81,739

Posted by thinkfirst > 2019-11-12 11:15 | Report Abuse

(B) INCLUDING POTENTIAL BUT UNCONFIRMED CONTRACTS
Total contract days 1,745 1,833 2,038 2,438 2,280 1,196 123.8 130.9 144.4 181.1 185.9 103.4
- Firm contract days 1,745 1,833 2,038 1,625 455 365 123.8 130.9 144.4 119.3 42.5 35.8
- Option contract days 0 0 0 721 1,460 739 0.0 0.0 0.0 54.6 114.9 60.4
- Potential contract days 0 0 0 92 365 92 0.0 0.0 0.0 7.2 28.5 7.2
Total calendar days 2,555 2,555 2,555 2,555 2,555 2,555
Avg charter rates (US$/day)
Total utilisation rate (%) 68.3% 71.7%
79.8% 95.4% 89.2% 46.8%
70,960 71,432 70,840 74,295 81,544 86,414
- Firm contract days 68.3% 71.7% 79.8% 63.6% 17.8% 14.3% 70,960 71,432 70,840 73,440 93,451 98,000
- Option contract days 0.0% 0.0% 0.0% 28.2% 57.1% 28.9% 75,749 78,719 81,739
- Potential contract days 0.0% 0.0% 0.0% 3.6% 14.3% 3.6% 78,000 78,000 78,000

Posted by lee_m2020 > 2019-11-12 11:30 | Report Abuse

Lol, EPF is playing goreng2 ...

Posted by Twowah123 > 2019-11-12 14:04 | Report Abuse

Lee_m2020 how u know epf buy 53m can share ?

Posted by MingGoon > 2019-11-12 16:27 | Report Abuse

DJI future going up very high now, all green with high

Velesto tomorrow will be a new high.
Velesto at 0.395 still a very good buy
Velesto near TP 0.48, next TP 0.56

Posted by lee_m2020 > 2019-11-12 17:05 | Report Abuse

can see EPF name on this web version with dates too

Posted by IronShirt > 2019-11-12 19:25 | Report Abuse

left 1.5mil in 0.395...If No forced selling tomorrow, 0.405 / 0.410 possible

Posted by CT888 > 2019-11-13 08:01 | Report Abuse

Lets see Velesto can break 40 today

Posted by Mabel > 2019-11-13 08:56 | Report Abuse

Sure break one...

Target 50 Mah...

Posted by Mabel > 2019-11-13 08:56 | Report Abuse

If Dip cheap cheap we buy lor...

Posted by Plantermen > 2019-11-13 09:26 | Report Abuse

Trading price revised to 47 after charter rates revision

Posted by MingGoon > 2019-11-13 10:13 | Report Abuse

The upcoming OPEC and US China trade negotiations will be another contributing factor to the uptrend in oil prices

Velesto huge volume today 9 Million as of now.
People selling, Investors buying. Got people sell, means got people buying..

Why people selling? - These are the contra players, who does not have funds to hold. They thinking to make fast money in buying Velesto. These are the people who buy and sell contraly.

Why people buying? - These are the serious investors, who keep on buying when the contra players sell. Why are the serious investors buying? Due to soon to be announced qtr result around nov 23, Velesto have increase net profit.

Velesto near TP 0.48, next TP 0.56

Posted by DoomStock > 2019-11-13 10:42 | Report Abuse

Before right issue total number of share issued 2.162b & with current developments, velesto shud be trading at $1.600.

But now with share issued at 8.216b & with current developments 40 cents is good selling price. Careful now, folks.

Posted by maxee > 2019-11-13 12:42 | Report Abuse

Doomstock, I guess you were buying the shares at the wrong time with the wrong price. There are always ups and downs with stocks. Just buy carefully will do.

Posted by paktua73 > 2019-11-13 14:25 | Report Abuse

paktua love melalak again..
troopers remember..
here we stand to fight more
we stand with own methods..

we will buy more if..
happen any mega correction..
we here not just this level..

troopers..
let hear this..
we didn't come this far..
just only to come this far..

yes..
WE DIDN'T COME THIS FAR..
TO..ONLY COME THIS FAR..

https://youtu.be/D53m7CJ7wYI




tut tut
we come here to be king of champion..
but.. let be A MAN first..

Posted by lee_m2020 > 2019-11-13 14:58 | Report Abuse

wow, EPF bought 65Million shares, PNB bought 100Million shares..

Posted by lee_m2020 > 2019-11-13 14:59 | Report Abuse

today or tomorrow shall fly hi5. Buy Call!

Posted by DoomStock > 2019-11-13 15:28 | Report Abuse

Lol...careful now, folks!

Posted by samheong78 > 2019-11-13 16:01 | Report Abuse

Historically Daily Charter Rate peak at $450,000. There are plenty of room for playing the DCR.

Posted by samheong78 > 2019-11-13 16:05 | Report Abuse

If DCR peak in the next few years, then Velesto maximum potential is RM2

Posted by IronShirt > 2019-11-13 17:05 | Report Abuse

my customer for 50cents Velesto is still here.....Boom, Boomstock. So afraid he runs away..kikikiki

Posted by DoomStock > 2019-11-13 21:46 | Report Abuse

Another impairment for this coming 3Q? Hmmm..careful now, folks!

Posted by Stanley8 > 2019-11-13 21:50 | Report Abuse

*Velesto Energy Bhd* said its unit has bagged a contract worth US$131 million (RM541.17 million) from Carigali Hess Operating Company Sdn Bhd. (Edge Markets)

Posted by Daily8 > 2019-11-13 22:25 | Report Abuse

If market sentiment isn't going draggy, supposedly some stocks like velesto should have rally.

Posted by positiontrader > 2019-11-13 23:11 | Report Abuse

My humble opinion:

With respect to technical and fundamental, Velesto is still in uptrend mode

Hold onto your Velesto shares

You should be rewarded by year end :)

Posted by Money122 > 2019-11-14 09:20 | Report Abuse

Buy before it fly..