Posted by 1151204499 > 2019-12-13 09:19 | Report Abuse

What do you all think about this VELESTO?? It is possible to bound back at 2020??

Posted by CHLEONG888 > 2019-12-13 14:03 | Report Abuse

Definitely will bounce back, probably before Christmas

Posted by DoomStock > 2019-12-13 15:29 | Report Abuse

Will Santa be around this Christmas or will the critical support level at 0.345 be tested soon? Hmmmm...Careful now, folks

Posted by DoomStock > 2019-12-13 15:40 | Report Abuse

What was being described more as a “final offer” that has been approved by Trump but not yet affirmed by Beijing.

The big question whether China can deliver such a dramatic increase in agricultural purchases of $50 billion in 2020, double what it bought in 2017.

Remember folks, so far there still no official announcements from US & China yet. Careful now, folks!

Posted by CT888 > 2019-12-13 17:11 | Report Abuse

Nice closing Velesto !!

More to come... MERRY CHRISTMAS !!

Posted by SpicyMcDeluxe > 2019-12-13 17:27 | Report Abuse

Vroom

Posted by Mabel > 2019-12-13 17:49 | Report Abuse

It's looking good!

Meow!

Posted by CHLEONG888 > 2019-12-13 19:11 | Report Abuse

Cheers, more to come, for sure will break at least 0.40 by next week

Posted by CHLEONG888 > 2019-12-13 19:12 | Report Abuse

This Doomstock damn idiot

Posted by Rowie > 2019-12-13 21:13 | Report Abuse

There is always one in every forum
Also seems to "care" for people but the opposite is true
Also when stock down will keep shouting in a polite manner like expert but stock track record is zero

Posted by Rowie > 2019-12-13 21:17 | Report Abuse

Only expert in copy / paste with no knowledge of contents
Will only appear when stock down
Don't get conned by these people
Do your own reading & research.

Posted by Mabel > 2019-12-13 21:50 | Report Abuse

Meow!

Posted by DoomStock > 2019-12-13 22:22 | Report Abuse

Purrrr.....

Posted by CHLEONG888 > 2019-12-14 06:53 | Report Abuse

Trade war phase 1 breakthrough coupled with new contract, expecting good move next week

Posted by DoomStock > 2019-12-14 11:57 | Report Abuse

National Economic Council Director Larry Kudlow maintained a cautious optimism around the trade agreement struck by China and the U.S. & said "We will see if the Chinese stay with their word.”

As part of the limited deal, the U.S. said it will maintain 25% tariffs on approximately $250 billion of Chinese imports while reducing tariffs on $120 billion in products from 15% to only 7.5%. The rollback in duties is “smaller than expected" folks.

There is still some uncertainty regarding the status of this agreement where both sides are aiming to sign in January, as it appears once again that some technical and legal details are still in flux. Careful now, folks!

Posted by Rowie > 2019-12-15 00:45 | Report Abuse

Idiots mentioned last quarter may have impairments. Try to scare people to sell cost monkey may have sold or wanted to buy cheap
The idiot knows who he is. Karma will pay a visit soon.
Stupid fellow don't even know the company's impairment policy i(if any) is only done in 4th qtr.
Never read/ research etc. Still copy paste

Anyway thanks for your concern, now go to other forums where u have shares, pls don't waste time here i.e. Telling people to stay out when share going up, don't buy when down etc...
Stupidity also got limits

Posted by Daily8 > 2019-12-15 06:51 | Report Abuse

Can velesto be the new HIB?

Posted by HuatlaiOnglai > 2019-12-15 11:25 | Report Abuse

Aramco listing will have a significant influence on future oil price.

Posted by DoomStock > 2019-12-15 14:36 | Report Abuse

Lol

Posted by Daily8 > 2019-12-15 14:45 | Report Abuse

Aramco in USlah

Posted by DoomStock > 2019-12-16 09:56 | Report Abuse

The Petronas Activity Outlook for 2020-2022 released last Friday, the national oil firm underlined the outlook to remain challenging next year amid a persistent downward pressure and volatility of crude oil prices.

Petronas highlighted that many contracts are due for retendering in the next three years. The dwindling number of jobs as a result of the soft crude oil prices has stressed many local O&G companies badly folks.

Remember folks, Petronas has been mindful of the cost management to defend its profit margin in the current low oil price environment. Hence, the margin of the contracts (given out by Petronas) could be thin. Companies will have to be efficient to be decently profitable. Careful now, folks!

Posted by Daily8 > 2019-12-16 13:37 | Report Abuse

Stock: [VELESTO]: VELESTO ENERGY BERHAD

Mar 20, 2019 2:42 PM | Report Abuse

X
"With strong & stable crude oil prices plus stable world stock markets, Velesto at 0.285 is a bargain buy. Announcement of new contract in the couple weeks should be the catalyst to bring Velesto to new high in 2019."

I wonder if Doomstock remembers this comment.

Posted by DoomStock > 2019-12-16 15:42 | Report Abuse

Lolll......Remember folks, Velesto was trading at 0.285 on 20, March 2019 when I made that call asking you guys to buy. You would be laughing all the way to the bank by now.

FYI, I bought a few hundred thousand of shares in early Febuary 2019 & made hefty profits selling at 0.40 & 0.405.

Now with the stormy developments in the world economy, pressure on fuel production plus making matter worst for Malaysia equity the foreign funds outflow, the worse in not over yet.

As such, investors will take opportunities of an uptrend to lock in for profits or reduce their exposure in equity as Y2020 predicted to be gloomy too.

So careful now, folks!

Posted by calvintaneng > 2019-12-17 08:57 | Report Abuse

Reposted from Netx forum

calvintaneng Calvin also posted in Opcom(I had more money in Opcom than in Netx)redtone, cmsb and binacom

But why the fiercest attacks in Netx forum only?

Aha!

Is it because Netx has the most hidden treasures ?

"When the enemy shall come in like a flood, the Spirit of the LORD shall lift up a standard against him (Isaiah 59:19:b)"

Yes! Calvin also promoted Naim, Carimin, Dayang, Penergy and Velesto

Many went up with little or some opposition

But velesto was the one under vehement attacks. Because of that velesto shares were cheap for Calvin to buy more. As a result Calvin made Rm100,000 from Velesto. The more they attacked the more velesto made for Calvin


Aha! Will Netx generates the most profit just like Velesto?

Hmmm?

I might sell other shares and buy more cheap Netx shares then?

Hohoho

Santa Claus is coming early this year!!
17/12/2019 8:46 AM

Posted by techlee229 > 2019-12-17 13:46 | Report Abuse

BUY with TP of RM0.43 pegged to 1.2x PBV. We like VELESTO as a proxy for the drilling rig space in Malaysia and being the largest and only listed jack-up drilling provider in the country. VELESTO’s turnaround story seems positive with clear earnings visibility for the next 1-2 years.

Posted by Mabel > 2019-12-17 19:30 | Report Abuse

Calvin

Bought Netx oledi in 3 batches..

Now waiting for Platinum Blonde 3.0...

Ho Ho Ho...

Posted by thonghou > 2019-12-17 23:45 | Report Abuse

Although lots of good new link to this stock ,price still keep going up and down at the range of 0.37 - 0.38 !! Hope it can break 0.4 by end of this year.

Posted by CHLEONG888 > 2019-12-18 06:27 | Report Abuse

Soon, perhaps BEFORE Chritsmas, will break 0.40, crude oil price increased by 1%++, CHEERS

Posted by CUTLOST > 2019-12-18 22:15 | Report Abuse

40 soon..Christmas present

Posted by DoomStock > 2019-12-19 15:56 | Report Abuse

Will Santa show up this Christmas? Hmmmmm.... even the ASB suffered with the lowest dividend & bonus of 5.5% for the year 2019. What will the dividend for EPF be?.... below 4%?

A Chinese New Year rally maybe possible, but sadly on selected counter only. Could Velesto be one of the selected counter? Hmm.. careful now, folks!

Posted by Mabel > 2019-12-19 19:41 | Report Abuse

Santa is coming soon..

Now stuck at Wall Street..

Hohoho...

Posted by CUTLOST > 2019-12-20 00:59 | Report Abuse

big volume everyday..but stock cannot move up

Posted by Wongws > 2019-12-20 09:58 |

Post removed.Why?

Posted by MingGoon > 2019-12-20 16:48 | Report Abuse

Velesto Energy has received a Letter of Award from Mudabala, for the Provision of a Jack Up Drilling Rig for their “Pegaga Development Drilling Program”. Velesto has assigned Naga 4 for the job. The contract value amounts to USD30m for a duration of c.12 months. Work is expected to commence by 2Q20. Forecast unchanged as the award is reflected in our forecast. Maintain our BUY call and TP of RM0.46 based on 1.3x FY20 P/B multiple or +1SD above its 5 year mean P/B; we deem this justified as we are of the opinion that the jack up rig market is on the cusp of an upswing cycle. Velesto remains an excellent proxy to an uptick in upstream exploration and production activities.

NEWSBREAK
Velesto Energy has received a Letter of Award from Mudabala Petroeleum, for the provision of a jack up drilling rig and services for the “Pegaga Development Drilling Campaign”. Velesto will assign Naga 4 for the job. The contract value amounts to USD30m. We understand that the drilling program is for a duration of c.12 months, with drilling slated for commencement in 2Q20. Currently Naga 4 is undertaking work for ROC Oil.

HLIB’s VIEW
Nagas keep winning. We are positive on the contract secured as it cements Velesto’s rig utilisation and earnings visibility for FY20 onwards. Note that Velesto has achieved 77% rig utilisation in 9M19 and is on target to hit 80% this year (vs. 73% in FY18). This award is the second major rig renewal contracts for Velesto. This award roughly equates to c. USD82k/day although we understand that mobilisation costs and reimbursable cost items are imputed into the total package (note that rig rates regionally are in the USD80k-USD100k/day range). Nonetheless, the award validates our thesis that rig rates will continue to uprate when they come up for renewal. We remain upbeat on the prospective renewed terms for rigs coming off contracts moving forward.

Outlook. NAGA 2,3,5,6,7 will come up for renewal throughout 2020 and we continue to foresee domestic rig rates will continue to converge when they come up for renewal. 2019 had a lot of SPS activity; once every 5th year mandatory dry docking. In FY20, there won’t be any SPS except N8; this will result in optimal downtime and a higher utilisation rate.

Forecast. Unchanged our forecasts already reflects this award.

Maintain BUY, TP: RM0.46. Maintain our BUY call and TP of RM0.46 based on 1.3x FY20 P/B multiple or +1SD above its 5 year mean P/B; we deem this justified as we are of the opinion that the jack up rig market is on the cusp of an upswing cycle. Velesto remains an excellent proxy to an uptick in upstream exploration and production activities.

Posted by MingGoon > 2019-12-20 16:52 | Report Abuse

Velesto has been keep on collecting by big operators/ sharks, and that why velesto each day high volume ( today 11 Million), as operators/ sharks keep on buying at 0.38, and retailers and others who cannot wait keep on selling to operators/ sharks.

Once operators/ sharks collected a big big volume, Velesto, will be released from 0.38, and soar to the next level of 0.395, from 0.395 , it will go up and up to 0.46 the next level...

Then, big huge price increase for Velesto....
Patience is the key word for Velesto.
Operators keep on collecting, we also keep on collecting Velesto

Posted by Mabel > 2019-12-21 22:02 | Report Abuse

Cheers MingGoon!

To 46 with Loves...

Posted by longvalley > 2019-12-23 17:46 | Report Abuse

c 46 .... janta muda.....
Wa ka ka
Fall in love
Wa ka ka ka

Posted by DoomStock > 2019-12-24 15:14 | Report Abuse

As predicted Santa did not show up. No ho..ho..ho.

Now the bigger question: will there be a CNY rally? If there is, will big funds choose o&g sector? Carefull now, folks!

Posted by Newbie318 > 2019-12-25 10:25 | Report Abuse

Relax...guys,oil price is increasing every day and will stablised the o&g sector.

Posted by Mabel > 2019-12-25 14:40 | Report Abuse

https://www.theedgemarkets.com/article/fabricators-biggest-winners-petronas-activity-outlook-20202022-says-kenanga-ib

Sure its coming..

Doomstock, you better comes in before it's too late..

Posted by CHLEONG888 > 2019-12-25 17:18 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/12/25/bursa-ripe-for-rebound

Posted by MingGoon > 2019-12-26 12:24 | Report Abuse

"Meanwhile, Velesto Energy Bhd, [whose] rig fleet are currently fully chartered out, is expected to continue to enjoy high utilisation rates amidst sustained drilling rig demand," it said.

Posted by MingGoon > 2019-12-26 12:25 | Report Abuse

Mabel : cheers Velesto ( 46 with loves, very soon...)

Posted by Mabel > 2019-12-26 14:07 | Report Abuse

Cheers MingGoon!

Doomstock, you better comes in before it's too late..

Posted by Rowie > 2019-12-27 13:47 | Report Abuse

Next week should cross 40 sen

Posted by Rowie > 2019-12-27 13:50 | Report Abuse

My target 40-55 sen by end February 2020 due to better results & contract flows based on higher charter rates etc

Posted by Mabel > 2019-12-27 14:17 | Report Abuse

Cheers Rowie!

Doomstock, you better comes in before it's too late..

Posted by tangen1985 > 2019-12-27 14:43 | Report Abuse

Can buy. Yet to rally. Just a matter of time

Posted by MingGoon > 2019-12-27 15:28 | Report Abuse

Mabel Cheers MingGoon!
Doomstock, you better comes in before it's too late..
26/12/2019 2:07 PM

Mabel : As usual, you are always right on the dot.
Velesto wave is starting now at this very afternoon, No 2 highest in Top 30 Volume. ( 56 miliion)
Velesto wave has now begin....

Let's ride the wave together...
Surf as high as it could go, and go.
I am topping up more Velesto at 0.38...

See you at Velesto 0.46....

Posted by Mabel > 2019-12-27 17:20 | Report Abuse

Cheers MingGoon!