Posted by Lewis Lee > 2019-12-04 17:10 | Report Abuse

Once you have decided to punt share market, then you need to be "careful" every second of trading hours.
Once you have decided to invest in share market with fundamental principles, you just ignore all those noices and only check the share price once a quarter or even once a year !

Posted by Westeros > 2019-12-04 17:16 | Report Abuse

@LewisLee exactly...as such @Doomstock STFU and Piss off we are not kids here, we are sane enough to know where the money goes and whether +ve or -ve we are tuned to it already..we don't need you to remind us what we need to do every day...

Posted by Mabel > 2019-12-04 18:05 | Report Abuse

Meow!

Posted by Mabel > 2019-12-04 19:30 | Report Abuse

It seems the resistance is strong at 39..

We need to break this wall.

Posted by Mabel > 2019-12-04 20:03 | Report Abuse

Budak2 bermain gasing
Bermain dgn anak Kak Mabel
Alang2 window dressing
Biar sampai tukar pagar stainless steel

Meow!

Posted by DoomStock > 2019-12-05 10:51 | Report Abuse

Lol..Careful now, folks!

Posted by KEYBOARD > 2019-12-05 13:25 | Report Abuse

ready lo...time to go

Posted by Woodswater > 2019-12-05 18:01 | Report Abuse

Any sifu have related perisai awarded by Petronas regarding daily rates @ 100 k usd. I accidently deleted! Tq tq

Posted by SinGor > 2019-12-05 18:50 | Report Abuse

DoomStock aka Kim Jong-un, shoot dummy missiles said got Nuclear Warhead

Posted by SinGor > 2019-12-05 18:52 | Report Abuse

amanad no talk cock, just buy 120mil

Posted by DoomStock > 2019-12-06 10:19 | Report Abuse

Lol...Keep in mind folks, the price is what you pay, and value is what you get...pay too high a price and returns are decimated.

Careful now, folks!

Posted by lee_m2020 > 2019-12-06 11:13 | Report Abuse

irony, no idss today here...!! time to shoot up..

Posted by winmal > 2019-12-06 11:18 | Report Abuse

price have been hovering around this level few weeks.

Posted by RMSB > 2019-12-06 11:33 | Report Abuse

Run run run

Posted by flexibt > 2019-12-06 11:46 | Report Abuse

IT's all about

EPF

&

Amanahraya



Nothing more.


THE END

Posted by Sales > 2019-12-06 12:13 | Report Abuse

Woodswater, how come you're not in TDM forum?

Posted by lee_m2020 > 2019-12-06 12:16 | Report Abuse

woww... idss coming back again...

Posted by lee_m2020 > 2019-12-06 12:17 | Report Abuse

no hope.. this counter is like solely for epf and pnb

Posted by DoomStock > 2019-12-06 12:50 | Report Abuse

Velesto shares have officially suffered a “correction” after raising from 0.165 (21/12/18) up to 0.41 on 7/11/19 in less than a year, folks. That more than 100% uptrend.

Now the lion has lost its roar. Careful now, folks!

Posted by JoshuaMS7 > 2019-12-06 13:02 | Report Abuse

Run run run!! Seems drop getting serious!

Posted by yingkang87 > 2019-12-06 20:23 | Report Abuse

Got project coming soon. Buaya purposely push down the price..

Posted by emzekwhy > 2019-12-07 09:12 | Report Abuse

hopefully can reach .35 next week

Posted by Mabel > 2019-12-07 13:33 | Report Abuse

https://www.google.com.sg/amp/s/mobile.reuters.com/article/amp/idUSKBN1Y90UK

Reuters: Oil producers led by Saudi Arabia and Russia agreed on Thursday to cut output by an extra 500,000 barrels a day in the first quarter of 2020.

Next week it will break 40..

Posted by 500Bilis > 2019-12-08 10:59 | Report Abuse

O&G counters have been on down trend. Now is Volesto’s turn. Not sure there will be a rally before Xmas or we really have to wait till CNY? Anyway, longer term investors should be a concern.

Cheers and Have a beautiful Sunday...

Posted by CHLEONG888 > 2019-12-08 14:34 | Report Abuse

A bit slow this counter albeit with good profit, really hope next week will break 0.41, at least

Posted by 500Bilis > 2019-12-08 18:43 | Report Abuse

My bad, correction. Longer term investors should not be a concern...

Posted by DoomStock > 2019-12-09 11:40 | Report Abuse

An extra cut of 500k barrels a day (total 1.7m barrels) is bad news for O&G industry for Y2020 as this will contribute to:

-A lower production & exploration from Petronas
-A lower sales volume of crude oil from Petronas
-A lower revenue & profit from Petronas
-A lower percentage of contract to be tender out by Petronas
-On the other end of the spectrum, U.S. shale oil production is growing at a furious pace and is expected to follow the trend into 2020.

So be extra careful now, folks!

Posted by CHLEONG888 > 2019-12-09 19:37 | Report Abuse

Whai is going on?? With good profit, still dropping. What if making loss, slump like hell, hopefully just one day correction

Posted by m3379 > 2019-12-09 21:21 | Report Abuse

Naga-3 payroll is on hold due to mechanical issue. The rig is in Singapore now for repair. No income yet need to pay yard charges.

Posted by jeccy > 2019-12-10 09:51 | Report Abuse

Big boy disposing, that's why the price drop. The management has shown its ability to make a turn around, so to me this is opportunity to collect.

Posted by DoomStock > 2019-12-10 10:03 | Report Abuse

Critical support now at 0.345 folks. Will it be breached by aggressive selling by foreign funds who are now repositioning into the country’s bond market?

Hmmmm careful now, folks!

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

This stock you need to wait.

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

Sold all and go to TDM.

Posted by yoyo > 2019-12-10 17:58 | Report Abuse

Vele Velestrong

Posted by CHLEONG888 > 2019-12-11 06:35 | Report Abuse

Keep for at least mid term, perhaps will gain, until next quarter result

Posted by Twowah123 > 2019-12-11 09:07 | Report Abuse

looks good today

Posted by Chong96 > 2019-12-11 18:28 | Report Abuse

Nice!!! Contract award :)
https://www.klsescreener.com/v2/news/view/609698

Posted by Wallabie > 2019-12-11 20:01 | Report Abuse

https://www.theedgemarkets.com/article/velesto-energy-sees-243-shares-traded-market

Posted by 500Bilis > 2019-12-11 23:39 | Report Abuse

Maintain min price 36.5 sen. None willing to pay 36.5 sen a piece if see his/her investment value lesser than that...

>>>>>

Wallabie https://www.theedgemarkets.com/article/velesto-energy-sees-243-shares-traded-market
11/12/2019 8:01 PM

Posted by yingkang87 > 2019-12-12 00:26 | Report Abuse

30mil usd contract tomorrow 43 cents lo!!!

Posted by azta12 > 2019-12-12 01:04 | Report Abuse

another 9mil shares done offmrkt at 0.370 on wed.

Posted by azta12 > 2019-12-12 01:37 | Report Abuse

Velesto Energy Bhd has bagged a US$30 million contract from Abu Dhabi's Mubadala Petroleum LLC to provide jack-up drilling rig to undertake drilling services for the Pegaga development drilling programme.

Velesto said its indirect wholly-owned subsidiary Velesto Drilling Sdn Bhd has received a letter of award from Mubadala Petroleum’s entity MDC Oil & Gas (SK 320) Ltd for the proposed services.

"The contract is to drill seven firm wells with an expected commencement date envisaged for the second quarter of 2020," it added.

Posted by longvalley > 2019-12-12 08:47 | Report Abuse

Slumberger buy

Posted by KEYBOARD > 2019-12-12 10:00 | Report Abuse

43??MAY B 34

Posted by DoomStock > 2019-12-12 15:15 | Report Abuse

Velesto shares have officially suffered a “correction” after raising from the low of 0.165 on 21/12/18 up to the high of 0.41 on 7/11/19 in less than a year, folks. That more than 100% uptrend.

Worst still an extra cut of 500k barrels a day (total now at 1.7m barrels per day) is bad news for O & G industry for Y2020 as this will contribute to:

-A lower production & exploration from Petronas
-A lower sales volume of crude oil from Petronas
-A lower revenue & profit from Petronas
-A lower percentage of contract to be tender out in year 2020 by Petronas
-On the other end of the spectrum, U.S. shale oil production is growing at a furious pace and is expected to follow the trend into 2020.


Has the lion lost its roar? So be extra careful now, folks! Critical support level now at 0.345.

Posted by Lee Yong Hour > 2019-12-12 15:44 | Report Abuse

FY2020 only price performing RM1.1

Posted by Mabel > 2019-12-12 20:52 | Report Abuse

U/G to BUY; 15% upside to TP

The charter visibility extension for Naga 4 rig at decent dayrates (USD72-75k) is not entirely unexpected, in view of the rising demand for JUs worldwide. Risk-reward has turned positive following our recent downgrade in recommendation, along with a 7% correction in share price. Upgrade to BUY (from HOLD) with an unchanged MYR0.42 TP, based on 1x EV/ replacement value. Velesto, with its resilient financials (3x net debt/EBITDA) is the best proxy to PETRONAS’ drilling programs.

A 12-month charter for Naga 4 from 2Q20

Velesto has secured a Letter of Award from Mubadala Petroleum for the charter of Naga 4 rig. The contract, valued at USD30m, is to drill seven firm wells and is expected to start from 2Q20.

Naga 4 will now be on-hire till 2Q21

We understand that the USD30m contract comprises dayrates and several add-on items. We posit that the estimated dayrates for this contract is about USD72k-75k. While the DCR for Naga 4 is not as compelling as that of Naga 8’s recent contract (USD99k DCR), the new DCR is still comparatively higher by 6-10% from its existing charter from Roc Oil. Also, Naga 4 will experience zero downtime in 2020. Based on the work schedule, Naga 2 will be immediately re-deployed for Mubadala’s job once its current contract for Roc Oil ends in 1Q20.

All in, our estimates are unchanged. We have incorporated the following into our model: (i)
DCRs of USD75k-USD83k and (ii) 84%-90% utilisation rates for FY20-21E.

A new charter for Naga 7 next?

Velesto should enjoy near full utilisation for all of its seven JUs in 2020, on condition that 4 JUs (Naga 2, 3, 5 & 6) secure extensions, which is likely a foregone conclusion. Following Naga 4, Velesto’s immediate focus would be to secure contract for Naga 7, whose existing charter are
set to end by 4Q20. We expect Velesto’s upcoming contracts to show higher DCRs (USD75k minimum) and longer tenures (1 year and above), in view of the rising offshore activities.

Source:Maybank

Posted by Surewind > 2019-12-12 22:21 | Report Abuse

Ended the day flat even with contract win.. Kind of sad case actually, when it was such a green day..

Posted by AlgoQuant > 2019-12-13 01:42 | Report Abuse

Perhaps the investors in this forum would like to look at a business that is not exposed to cyclical commodity prices and diversify into a takaful insurance company that is riding on the structural growth in islamic insurance

Takaful Malaysia's net profit grew by CAGR 25% over the last 10 years, increasing by almost 10x from RM 38 mil (2009) to RM 380 mil (T4Q), growing profits even through the global financial crisis and recession that followed, with a still low takaful penetration of 16% (overall insurance penetration rate of only 50% with takaful insurance growing at a faster pace than conventional insurance)

Currently trading at a PE of only 12.7x (vs Lonpac PE 18) and a P/BV of only 3.6x (historical P/BV 6.x) with an industry-leading ROE 29.11% (closest Lonpac ROE 16.72%)

* Record high dividend of 20c ex-date 18 Dec 2019 translating to DY of 3.4% *

(AlgoQuant) A Takaful Titan & Analysis of Listed Insurance Companies (TAKAFUL)

https://klse.i3investor.com/blogs/AlgoQuant/243164.jsp

Posted by CHLEONG888 > 2019-12-13 06:47 | Report Abuse

Surewind, agreed with you, such a golden opportunity also flat, this counter a bit slow, but believe will surge before Christmas, year end window dressing, cheers