Posted by armadatuah2017 > 2020-08-17 12:13 | Report Abuse

penny stocks all lagi high profit than oil and gas counters.... rise a few cents then drop immediately next day...really bosan.

Posted by armadatuah2017 > 2020-08-17 12:52 | Report Abuse

end of the month, the QR will be released... still anticipating positive results but the next QR might go RED...

Posted by kkwn > 2020-08-17 13:50 | Report Abuse

i guess we need foreign investors to come in and invest so that O&G stocks will rise up. Or else depdns on us difficult to rise.

Posted by kkwn > 2020-08-17 14:03 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/08/17/foreign-funds-return-to-bursa-bought-rm2744mil-equities-last-week

Probably this is the reason last week surge in price?

Posted by wjc4195 > 2020-08-17 14:57 | Report Abuse

will only fly if oil can sustain above USD47 (brent) for 1week

Posted by tkl88 > 2020-08-17 23:42 | Report Abuse

As at 11.35pm,
Nymex=> $42.55 ‪(+0.54) (+1.29%)‬
Brent=> $45.16 ‪(+0.36) (+0.80%)‬

Posted by maney > 2020-08-18 00:41 | Report Abuse

Bank Of America: Brent Will Recover To $60 In H1 2021
https://oilprice.com/Energy/Energy-General/Bank-Of-America-Brent-Will-Recover-To-60-In-H1-2021.html

Posted by Allantanks > 2020-08-18 09:10 | Report Abuse

45. 33 and yet priced at 0.15.... Hello..... Hello.....

Posted by Trapps > 2020-08-18 19:44 | Report Abuse

Wah so big volume, shld be spike soon..hihi

Posted by nasrulfahmi > 2020-08-18 22:57 | Report Abuse

very good

Posted by KAQ4468 > 2020-08-19 00:08 | Report Abuse

peewwiitttttt

Posted by KAQ4468 > 2020-08-19 00:08 | Report Abuse

15 cents .... apa lagi mau ????


hantam la

Posted by KAQ4468 > 2020-08-19 00:08 | Report Abuse

soon 30 cents

Posted by IronShirt > 2020-08-19 17:42 | Report Abuse

2Qr20 out next week. Most likely Revenue 200mil with Profit around 33mil

1Qr20 with MCO, Revenue 176mil with profit 16.3mil

Posted by Macgyver11 > 2020-08-19 20:07 | Report Abuse

Jan to Mar brent crude oil trading @ 55 to 60usd and in other hand there's no capex reduction from Petronas. End of March covid strike, government imposed MCO and global catastrophe happened caused the transportation stop that including flights. This bring crude oil price to the history low. After March onward upstream players hit by another bad news which Petronas cut the capex. Based on that, in my view I feel qtr unlikely good. Even if it is shows profit I believed at break even. This is my opinion but not necessary must be correct..just guess.

Posted by ragesliew > 2020-08-19 20:46 | Report Abuse

2Q revenue would be similar to 1Q...... higher cost due to MCO as well..... impact bottomline

Posted by Godofgambler > 2020-08-20 00:11 | Report Abuse

Oil price getting better and better..
I warn you to buy before you in deep regret

Posted by KAQ4468 > 2020-08-20 22:53 | Report Abuse

soon 30 cents

Posted by KAQ4468 > 2020-08-20 22:53 | Report Abuse

apa lagi mau ??????

Posted by jacksparrow > 2020-08-21 13:27 | Report Abuse

How soon KAQ4468?

Posted by linheng > 2020-08-22 02:36 | Report Abuse

https://www.theedgemarkets.com/article/petronas-said-show-interest-buying-permians-doublepoint
Buying into shale oil co?
Thought they say need to cut CAPEX to preserved capital
WTF- Cut velesto's rig contract (another govt link co) but got money to buy bankrupt shale oil co. Beyond comprehension

Posted by IronShirt > 2020-08-22 11:31 | Report Abuse

Next week if Velesto 2Q results looks Good. Dark Horse EPF might starts buying. Now holding
2.31% might increased to 5% like Urusharta. Urusharta actually came from no-where and bought
5% without anybody knowing.

Posted by KAQ4468 > 2020-08-22 22:46 | Report Abuse

aiyaaaa captain Jack Sparrow

Posted by KAQ4468 > 2020-08-22 22:47 | Report Abuse

how soon ???

investment maaaaa ... 2021 kasi tengok la apa macam

1 year can't wait ka ???

end of next year kasi mari

hahahahha

Posted by Macgyver11 > 2020-08-23 18:55 | Report Abuse

Qtr might release next week..Velesto already stood still for quite some time. Fingers cross, hopefully qtr favourable.

Posted by Allantanks > 2020-08-23 22:33 | Report Abuse

did u guys see the crazy bullish reversal in the last five minute of the Brent oil chart. =)

Posted by wjc4195 > 2020-08-24 12:30 | Report Abuse

gay Bull

Posted by tkl88 > 2020-08-24 20:45 | Report Abuse

Wow, Fantastic!
Oil price spike up to sky high again !
As at 8.42pm,
Nymex=> $42.76 ‪(+0.42) (+0.99 %)‬ !
Brent=> $45.‪40 (+0.47) (+1.05 %) !‬

Posted by KAQ4468 > 2020-08-24 23:38 | Report Abuse

peewwiittttt

Posted by KAQ4468 > 2020-08-24 23:40 | Report Abuse

soon 30 cents

Posted by KAQ4468 > 2020-08-24 23:40 | Report Abuse

double the money package

Posted by KAQ4468 > 2020-08-24 23:40 | Report Abuse

apa lagi mau ?????

Posted by tkl88 > 2020-08-24 23:51 |

Post removed.Why?

Posted by tkl88 > 2020-08-25 07:39 |

Post removed.Why?

Posted by Superbinvestor > 2020-08-25 12:53 | Report Abuse

This counter even worst than sapura lo..hahaha...brent up it also drop, brent drop it drop more...stupid..

Posted by Allantanks > 2020-08-25 12:59 | Report Abuse

Haha. Really heh tahan. Go liao. Bye.

Posted by Allantanks > 2020-08-25 15:14 | Report Abuse

Brent near 46, this counter drop some more. Really lousy. Lol.

Posted by tkl88 > 2020-08-25 16:24 | Report Abuse

As at 4.15 pm,
Dow Jones at=> 28,411.5 (+172.5) (+0.61 %) !

Posted by mf > 2020-08-25 18:47 | Report Abuse

gap down

Posted by pineapple123 > 2020-08-25 19:48 | Report Abuse

mati oh. proposed share capital reduction!

Posted by jacksparrow > 2020-08-25 20:10 | Report Abuse

What happen? Ayoyo...

Posted by 5c0160 > 2020-08-25 20:16 | Report Abuse

Share capital reduction. Game over. Tmr 0.115

Posted by linheng > 2020-08-25 20:32 | Report Abuse

Mkt cap is 1205 million. Lost 15m this 2ndQ which is the worse Q for everyone. This is 1.24%.
This is considered very good result.

Posted by Rowie > 2020-08-25 20:33 | Report Abuse

Guys, this capital reduction is using the share capital to wipe out the accumulated losses, a credit & debit accounting entry only, no effect on the company or share price. Already explained much earlier when the news was out.

The accounts show loss of 13m, out of which 8m is forex loss & 11m is additional Covid expenses. Otherwise it's 5m profit. Don't worry la, lucky got no additional asset diminution loss provisions like Sapura, MHB etc which ran into billion/hundreds of millions.

Will rebound soon as Brent now is above USD 46.

If u need to panic then do sell.

Posted by Macgyver11 > 2020-08-25 20:40 | Report Abuse

Overall year to date still good even qtr not favourable...if compared with others O&G, Vele is better.

Posted by maney > 2020-08-25 20:48 | Report Abuse

Thanks Rowie & Macgyver11 for your comments! Helpful!

Posted by rijack88 > 2020-08-25 20:59 | Report Abuse

Quarter Result on 30-Jun-2020[#2] QoQ - -193.41% YoY - -228.00%.

Posted by maney > 2020-08-25 20:59 | Report Abuse

USD 46.26 +0.62 +1.36% Just now. Will go up tomorrow!

Posted by Syaipul81 > 2020-08-25 20:59 | Report Abuse

What will happen to our share, any one can explain, newbie here, i bought velesto 2 month ago.

Posted by Rowie > 2020-08-25 21:42 | Report Abuse

Our shares will still be in our cds account unless someone does a David Copperfield or Houdini tonight. Perhaps nothing will happen or tomorrow will fly if Brent oil closes way above USD 46 tonight. Then sell & buyback again when down or switch to other shares.