Posted by williamtkb > 2020-05-20 09:40 | Report Abuse

Place 15cents and wait for sales again.

Posted by Alan Punpipi > 2020-05-20 09:40 | Report Abuse

Brent: $34.48 (-0.49%)
WTI: $32.36 (-0.43%)

Posted by uniteen > 2020-05-20 09:44 | Report Abuse

so this time, the AGM will be held virtually. that means can't get any free gift this time. :(

Posted by stevenckheng > 2020-05-20 09:44 | Report Abuse

investor still not convince, production cost still higher that the current brent

Posted by KLou88 > 2020-05-20 09:55 | Report Abuse

Is time to buy now, when everyone is selling

Posted by nicholas99 > 2020-05-20 10:00 | Report Abuse

cheap cheap.. grab..

Posted by Bryan21 > 2020-05-20 10:12 | Report Abuse

Collect more cheap now

Posted by Alan Punpipi > 2020-05-20 10:20 | Report Abuse

brent slowly climbing to Usd 35

Posted by nicholas99 > 2020-05-20 10:30 | Report Abuse

brent took a correction. so it has a base.. now its time to go $40. grab before late. it won't need an operator to pump it if the oil price go up. because it will gap up. except they do the magic on the trading platform again. haha.

Posted by DickyMe > 2020-05-20 10:31 | Report Abuse

YESSSSAAAAAA..?

Posted by i3lurker > 2020-05-20 10:35 | Report Abuse

you can see a lot of people says that Hari Raya, many will sell.
so share price will drop

these people dun live in Malaysia,
quite likely they stay at Antartica

This Hari Raya, no one needs money, no kenduri, no nothing.

Posted by Alan Punpipi > 2020-05-20 10:44 | Report Abuse

hahaha sell kuih kuih Raya perhaps also cmco applies ...lolzzz

Posted by digi_three > 2020-05-20 10:47 | Report Abuse

Aiyoo need duit raya lor .. no kuih raya no open house but duit raya angpow still got haa don’t forget .. if no angpow for raya .. they (small kids) will remember this until you die lorr! Kikiki

Posted by williamtkb > 2020-05-20 10:50 | Report Abuse

Sharks don't want let me get 15cents... They jump queue @15.5 and collect a lot just now.

Posted by Longleng > 2020-05-20 11:05 | Report Abuse

sohai think Brent oil increase then this share will increase in value.

forgot about 2 months oversupply and below zero oil price.

impact is not yet reflected... top guns only want you to buy first..

Posted by fizz27 > 2020-05-20 11:14 | Report Abuse

Countries are slowly reopening their borders and economy. The demand will be there.
https://www.channelnewsasia.com/news/singapore/covid-19-singapore-reopen-borders-resume-essential-travel-12749534

Posted by i3lurker > 2020-05-20 11:15 | Report Abuse

whatever
16 sen sellers rapidly decreasing, might just break and move up

Posted by nicholas99 > 2020-05-20 11:33 | Report Abuse

2 months oversupply. price long ago already reflected on oil price. Oil price is internationally traded. not just in malaysia. :) Whole lot of tankers going to china. yet the price still going strong.
https://oilprice.com/Energy/Energy-General/A-Huge-Fleet-Of-117-Tankers-Is-Bringing-Super-Cheap-Crude-To-China.html

Posted by williamtkb > 2020-05-20 12:04 | Report Abuse

Sharks still collect not enough..... As only billis sold them. So today mostly they will not buy up

Posted by nicholas99 > 2020-05-20 12:16 | Report Abuse

lumber vs copper vs oil. https://tvc-invdn-com.akamaized.net/data/tvc_ec97af97574bf28f396dce3a1f285f1d.png Oil is not overpriced. recovery its real and demand for commodities its ramping up back!

Posted by nicholas99 > 2020-05-20 12:20 | Report Abuse

Got chart also no trust. i also no word say. haha

Posted by persie > 2020-05-20 12:20 | Report Abuse

Sharks are doing accumulation phase right now.. Price is coming up..

Posted by stevenckheng > 2020-05-20 12:26 | Report Abuse

today people goreng sawit oil, not brent oil

Posted by nicholas99 > 2020-05-20 12:29 | Report Abuse

ya.. goreng pisang.. pergi lain tempat. ini brent oil tempat (black gold).

Posted by azlan2810 > 2020-05-20 12:36 | Report Abuse

Most of the O&G counter making comeback again..will fly slowly after lunch

Posted by i3lurker > 2020-05-20 12:40 | Report Abuse

traffic on the roads are increasing daily.

same everywhere in the world

Posted by persie > 2020-05-20 12:40 | Report Abuse

Ya.. All of OnG stock make a significant rebound. Hopefully the next half session will turn green from yellow right now.

Posted by JJchan > 2020-05-20 12:41 | Report Abuse

Rally started on Mon. 18/5 ( 2days nearly a Billion shares got traded). If today price gets back 17 cents, uptrend is unbroken

Posted by JJchan > 2020-05-20 13:17 | Report Abuse

lastest annual report----PNB+Amanah + 28 largest shareholders= 75.38%. Not many Free shares
flying around

Posted by FCM100 > 2020-05-20 13:20 | Report Abuse

Velesto may surprise us with a profitable 1Q 2020, judging from the comment by in the 2019 Annual Report. Quote "Moving forward, with our outstanding order book of RM2.1B and most of our rigs contracts to 2022, the Group should see a further increase in its rig utilisation rates while having a clearer revenue visibility for the next two to three years..."

Posted by JJchan > 2020-05-20 13:27 | Report Abuse

Only 2 billion shares left flying around after deducting 75.38% from majority holders. If 50% of 2Bil
shares are bought at 30cents( locked dead) Then 1 billion shares left to goreng which is likely
around 50% of last 2 days goreng Vol.----Next 2 days if sellers suddenly disappear, Velesto trading liquidity will plunge, pushing share price up ( maybe 30cents )

Posted by EatCoconutCanWin > 2020-05-20 13:28 | Report Abuse

goreng goreng tp 1.00

Posted by Newbieinshare > 2020-05-20 13:29 | Report Abuse

those who wana invest pls read the QR carefully

=======================================================
The impact of this has yet to be fully felt in Malaysia as a number of existing drilling contracts are still
ongoing. However, lesser drilling activities is expected in the near term as oil companies review their
drilling programs.
Currently, while only five of the Group’s seven jack-up drilling rigs are working, all are still under
contract. However, there is no guarantee that the options under the contracts will be exercised upon
expiry of the primary terms.
The Group is continuously tendering for new contracts to partially mitigate potential softening of the
market which may affect contract renewals.
Oilfield Services Segment
For the hydraulic workover units, none of the Group’s unit is working at present. The demand for
workover and plug and abandonment activities are also expected to soften due to the present market
environment.
The Group’s oilfield services operation in China is also impacted by the softening market but to a
lesser degree. The Group will continuously monitor and evaluate the viability of this subsidiary.
Group
In view of the grave uncertainty in the global economy and the demand for oil and gas, the Board
believes that the financial performance for the year will be adversely impacted and weaker than 2019.

Posted by Surewind > 2020-05-20 13:30 | Report Abuse

Wow, awesome results. Good surprise. I was just reading the annual report after lunch.

Posted by JJchan > 2020-05-20 13:32 | Report Abuse

1Qr result 17mil profit---cannot ask for more

Posted by xterrorsinx > 2020-05-20 13:32 | Report Abuse

Good QR!!

Posted by armadatuah2017 > 2020-05-20 13:33 | Report Abuse

good quarter report and we should anticipate better income next quarter when the recently signed PCSB contract starts to kick in 2H of the year...

Posted by snwong13 > 2020-05-20 13:34 | Report Abuse

.
Enjoy the afternoon ride!!

Posted by Newbieinshare > 2020-05-20 13:35 | Report Abuse

armadatuah2017. go and read the full QR pls..... the director use "grave uncertainty" and "the financial performance for the year will be adversely impacted and weaker than 2019."
Please interpret and invest carefully

Posted by nicholas99 > 2020-05-20 13:35 | Report Abuse

https://www.channelnewsasia.com/news/asia/malaysia-king-south-china-sea-pay-attention-parliament-12744852 China always import.. They will keep drilling because they dont want to rely on import.

Posted by Alan Punpipi > 2020-05-20 13:36 | Report Abuse

Brent: $34.95 (0.87%)
WTI: $32.36 (-0.43%)

Steady pun pi pi .....although WTI June contract expiry today....expect some temporary selling pressure

Posted by Alan Punpipi > 2020-05-20 13:39 | Report Abuse

hahaha media always like to U turn negative news once they are paid by sharks after collecting enuff shares ....fake news .,,awesome .. only ikan bilis will be punked to sell early to em ....been there but got a lot smarter than sharks

Posted by FCM100 > 2020-05-20 13:39 | Report Abuse

Like I said few minutes ago prior to the release of 1Q 2020 result, Velesto may surprise us with a profitable result. :)

Posted by Ron90 > 2020-05-20 13:40 | Report Abuse

velesto shall go back to 30 cents..latest QR just confirmed that business not affected at all by MCO ..no contract terminated no rig down.

Posted by JayC88 > 2020-05-20 13:52 | Report Abuse

why nobody come say will drop? maybe 10 cents? lmao

Posted by KLou88 > 2020-05-20 13:56 | Report Abuse

@newbieinshare, we all already know that oil company will not better than 2019, this is why the price from 0.4 to 0.1x now. Make sense la

Posted by sell > 2020-05-20 13:57 | Report Abuse

Lousy QR. Sell.

Posted by Alan Punpipi > 2020-05-20 14:00 | Report Abuse

make profit although not within expectation but a profit is still a profit ....that is even exceptional during this covid 19 time ....cheers

Posted by Veloster > 2020-05-20 14:03 | Report Abuse

panic buy... haha

Posted by howhl88 > 2020-05-20 14:05 | Report Abuse

2.1b order book as of 31 Dec 2019 compare to 0.4b the year before