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

Hydrogen / Green energy is like Tesla Car-- sounds and looks very Good But very expensive.
The end results is Crude Oil will serve the world energy needs for the next 50 years. 85% of
World population is in China, India, Pakistan And Africa, how many can drive a Tesla?

Posted by IronShirt > 2020-11-08 09:11 | Report Abuse

https://www.nytimes.com/2020/11/05/health/coronavirus-ferrets-vaccine-spray.html

New "vaccine" .....nostril spray ( dont leave Home without it )

Aspirin (extreme cheap medicine) is now tested to prevent blood Clog( in lung) 90% people
die from Lung complications when attack by Covid....Aspirin is NOT available in local pharmacy bcos it can cause stomach bleeding. 10years ago i used to buy one pack( 10 pils) for RM1

Posted by KAQ4468 > 2020-11-09 11:07 | Report Abuse

Peewiittttt

Posted by KAQ4468 > 2020-11-09 11:07 | Report Abuse

Hantam la.. Apa lagi tunggu

Posted by KAQ4468 > 2020-11-09 11:08 | Report Abuse

Buy 11

Sell 44

Posted by KAQ4468 > 2020-11-09 11:08 | Report Abuse

2 years kasi invest

Posted by tkl88 > 2020-11-09 14:38 | Report Abuse

President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !
As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !

Posted by wjc4195 > 2020-11-09 17:37 | Report Abuse

bloody hell hold so long

Posted by Macgyver11 > 2020-11-09 18:15 | Report Abuse

https://www.theedgemarkets.com/article/extra-rm10b-dividend-payment-govt-affordable-says-petronas

Another 10bil..that means next year Velesto need to work hard for Petronas. With Vietnam Petronas plant shutdown down recently, our upstream benefits a lot. Just time matter. Be patient time will come soon.

Posted by Allantanks > 2020-11-09 20:11 | Report Abuse

tmr gap up。 0.15.

Posted by onionchong > 2020-11-09 21:34 | Report Abuse

Already gave up this counter. Oil fly, this counter never fly. Sometimes might even drop. Now i only hope it reach my entry price, can't wait to sell off this stupid counter

Posted by tkl88 > 2020-11-09 21:52 | Report Abuse

Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 %)
Brent at => $42.77 (+3.32) (+8.42 %)

Huat ah ! Heng ah ! Ong ah !

Posted by Macgyver11 > 2020-11-09 22:08 | Report Abuse

https://amp.cnn.com/cnn/2020/11/08/investing/global-stocks/index.html#aoh=16049307063355&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s

Posted by Macgyver11 > 2020-11-09 22:08 | Report Abuse

https://amp.cnn.com/cnn/2020/11/08/investing/global-stocks/index.html#aoh=16049307063355&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s

Posted by SinGor > 2020-11-09 22:26 | Report Abuse

Oil up so much(3.50) just bcos pfizer said its vaccine is 90% effective. Dow fut. now up 1,693
Tomolo Bursa up how much??

Posted by tkl88 > 2020-11-09 23:25 | Report Abuse

Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html

Posted by tkl88 > 2020-11-09 23:25 | Report Abuse

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.

Posted by tkl88 > 2020-11-10 00:18 | Report Abuse

Walaoeh, Dow Jones spike up to sky high !

Posted by tkl88 > 2020-11-10 00:18 | Report Abuse

As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by Millionairegig > 2020-11-10 12:24 | Report Abuse

Start moving...in

Posted by SingaLingum > 2020-11-10 16:21 | Report Abuse

Lam tiao tiao here and wait rocket ^^

Posted by NPRA1985 > 2020-11-10 16:44 | Report Abuse

How long can the bull run last? Is it due to vaccine? Just afraid of Biden later.

Posted by KAQ4468 > 2020-11-10 17:19 | Report Abuse

Peewiittttt

Posted by KAQ4468 > 2020-11-10 17:20 | Report Abuse

Buy 10 cents
Sell 40 cents

Posted by KAQ4468 > 2020-11-10 17:20 | Report Abuse

Apa lagi mau???

Posted by tkl88 > 2020-11-11 02:10 | Report Abuse

Wow, oil price continue to spike up !
As at 1.20am,
Nymex=> $41.29 ‪(+1.00) (+2.48 %)‬
Brent => $43.44 ‪ (+1.04) (+2.45 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬

Posted by tkl88 > 2020-11-11 08:00 | Report Abuse

Walaoeh, Dow Jones continue it’s bull run !
Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by Victor Yong > 2020-11-11 10:09 | Report Abuse

Good indicator. Urusharta sold off before oil price started to rebound strongly since yesterday, no longer a major shareholder now. Last time, when urusharta dumped mct shares, it fell below 10sen and now recovered to 17sen. The same effect will happen to velesto especially the oil price has recovered substantially now?


URUSHARTA JAMAAH SDN BHD 05-Nov-2020 Notice of Person Ceasing 27,462,900

Posted by Victor Yong > 2020-11-11 10:10 | Report Abuse

how high can it be recovered from here?

52 Weeks Range: 0.09 - 0.41

Posted by Victor Yong > 2020-11-11 10:14 | Report Abuse

velesto has carried out capital reduction to remove accumulated losses in the past. For the 1st half, overall it was profitable. As such, velesto can declare dividend from now.

Posted by Victor Yong > 2020-11-11 10:17 | Report Abuse

Now, urusharta dah tiada lagi senang untuk m&a bagi velesto. Jikalau Sapura yang lebih besar acquire velesto, harga naik bukan? :)

The next potential merger is between Sapura Energy and Velesto. Other than PNB as major shareholder in the two companies, Velesto is also owned by Urusharta Jamaah with a 5.3% stake while EPF has a marginal 2.3% holding, making the total shareholding of the three shareholders at 54.2%.

Sapura Energy is 2.8% owned by KWAP and hence the combined stake together with PNB is 42%.

A merger between the two will result in a combined entity with total market value of about RM2.66bil. Not very big in the scheme of things but the merger of two companies in similar business does make sense.

Posted by Victor Yong > 2020-11-11 10:27 | Report Abuse

Dalam bulan march 2020 (MCO/PKP) dari 31sen kepada 9sen dan naik kepada 19sen(tertinggi) bulan april 2020 walaupun harga minyak dalam bulan april 2020 jauh lebih rendah daripada harga terkini.




Velesto Energy Bhd (VELE)


VELE Historical Data

Time Frame:
11/22/2018 - 11/11/2020


Date Price Open High Low Vol. Change %
Nov 20 0.125 0.110 0.130 0.105 93.43M 8.70%
Oct 20 0.115 0.125 0.135 0.110 327.82M -11.54%
Sep 20 0.130 0.145 0.155 0.125 844.75M -10.34%
Aug 20 0.145 0.140 0.175 0.135 1.90B 3.57%
Jul 20 0.140 0.150 0.160 0.140 1.13B -3.45%
Jun 20 0.145 0.160 0.185 0.145 2.06B -6.45%
May 20 0.155 0.145 0.190 0.125 3.57B 6.90%
Apr 20 0.145 0.115 0.190 0.115 2.70B 26.09%
Mar 20 0.115 0.280 0.310 0.090 2.21B -61.67%***********31sen bulan MCO
Feb 20 0.300 0.330 0.375 0.290 376.55M -13.04%
Jan 20 0.345 0.380 0.410*** 0.340 668.56M -9.21% HARGA TERTINGGI TAHUN INI 41sen**************************

Posted by Victor Yong > 2020-11-11 10:28 | Report Abuse

>20mil shares traded :)

Posted by Victor Yong > 2020-11-11 10:29 | Report Abuse

Velesto Energy - Gloomy Outlook In 2H2020
Date: 26/08/2020

Source : BIMB
Stock : VELESTO Price Target : 0.16 | Price Call : HOLD
Last Price : 0.125 | Upside/Downside : +0.035 (28.00%)

Back

Overview. Velesto fell into core loss of RM15m in 2Q20 on lower asset utilisation rate. Revenue declined 10% yoy and 20% qoq to RM141m as utilisation rate declined to 67% (2Q19: 74%; 1Q20: 86%). EBITDA margin declined to 43% (2Q19: 48.9%, 1Q20: 54.5%) as the company incurred additional expenses worth RM11m in relation to Covid-19 pandemic.
Key highlights. 1H20 average asset utilisation rate improved to 75% from 70% in 1H19.
Against estimates: Below. 1H20 EBIT of RM37m made up 67% of our FY20F EBIT. We deem this as below forecast in anticipation of weaker 2H20 on lower drilling activities. Main deviation against our forecast stemmed from lower utilisation rate and higher depreciation charges and effective tax rate.
Outlook. Capex and opex cut by oil companies has resulted in lower drilling activities. Currently, only 5 out of Velesto’s 7 rigs (implies max utilisation of 70%) are working with some contracts expiring in the next few months.
Earnings revision. We cut our FY20F/FY21F/FY22F earnings forecast by 856%/70%/142% (Table 2) as we revise lower our utilisation rate and increase depreciation and tax expenses. We now estimate the company to record loss after tax of RM62m/RM76m/RM94m in FY20F/FY21F/FY22F.
Our call. Maintain HOLD on the stock with lower TP of RM0.16 (from RM0.17) which implies 0.5x FY20F P/B. We think the company has low liquidity risk based on its low gearing ratio of 0.37x while the next bullet debt payment may only come due in 2022.
Source: BIMB Securities Research - 26 Aug 2020

Posted by Victor Yong > 2020-11-11 10:33 | Report Abuse

Velesto bags RM541m Carigali Hess contract | The Edge ...www.theedgemarkets.com › article › velesto-bags-rm54...
Nov 5, 2019 — The contract will commence in the second half of 2020 for a duration of three years, with three extension options of six months each. Velesto ...

Posted by Victor Yong > 2020-11-11 10:33 | Report Abuse

VELESTO announcements | KLSE Screenerwww.klsescreener.com › announcements › stock
VELESTO ENERGY BERHAD. OTHERS. CONTRACT FOR THE PROVISION OF 10K JACK UP DRILLING RIG FOR 2020 DRILLING PROGRAMME WITH ...

Posted by Victor Yong > 2020-11-11 10:34 | Report Abuse

Kenanga maintains 'outperform' on Velesto, TP at 43 sen | The ...www.thestar.com.my › business-news › 2019/12/12 › k...
Dec 12, 2019 — Following this win, all seven of velesto's drilling rigs would be utilised throughout most of 2020, assuming contract extensions for Petronas ...

Velesto's Q1 net profit at RM16mil, revenue up 39pctwww.nst.com.my › business › 2020/05 › velestos-q1-n...
May 20, 2020 — KUALA LUMPUR: Velesto Energy Bhd registered a net profit of RM16.33 million ... (Q1) ended March 31, 2020 from a net loss of RM22.22 million a year ago. ... seven jack-up drilling rigs are working, all are still under contract.

Posted by Victor Yong > 2020-11-11 10:37 | Report Abuse

Q1,2020 untung, Q2, 2020 rugi.............. Q1+Q2= 1st half, overall masih untung. :)


Period Ending: Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019
Total Revenue 140.95 176.27 178.1 208.57
Gross Profit
Operating Income 1.92 35.27 41.13 54.39
Net Income -15.25 16.32 10.2 33.32

Posted by Victor Yong > 2020-11-11 10:38 | Report Abuse

Velesto - adalah GLC, milik negara. consider one of the safest companies. :)

**consult your fund mgr

Posted by Victor Yong > 2020-11-11 10:40 | Report Abuse

Jika velesto declares dividend nanti, harga velesto dijangka akan melambung... fingers crossed

Posted by Victor Yong > 2020-11-11 10:41 | Report Abuse

kemungkinan M&A dengan sapura seperti yang dilaporkan baru2 ini juga akan mendorong harganya untuk naik terus. pihak yang kena acquire akan naik normally

Posted by Victor Yong > 2020-11-11 10:43 | Report Abuse

inilah penny stock GLC milik negara. tak banyak penny stocks milik kerajaan bukan? tambahan lagi, penny stock yang memperoleh untung 1st half 2020, industri minyak, kini harga minyak kian pulih, dll... M&A barangkali, dll

Posted by Victor Yong > 2020-11-11 10:44 | Report Abuse

lagipun, akaunnya dah dibersihkan, tiada accumulated losses lagi, boleh bagi dividend anytime now

Posted by Victor Yong > 2020-11-11 10:45 | Report Abuse

penny stock perdana milik dayang masih rugi, perdana melaporkan kerugian bagi 1st half 2020 tapi velesto memperoleh untung pulak

Posted by Victor Yong > 2020-11-11 10:46 | Report Abuse

i rasa pelabur akan beralih dari perdana ke velesto , stock industri O&G ini

Posted by Victor Yong > 2020-11-11 10:49 | Report Abuse

Velesto - penny stok GLC milik negara, harga minyak sedang naik, akaun dah dibersihkan boleh bagi dividend tiada accumulated losses lagi, dapat untung dalam 1st half 2020, barangkali M&A oleh sapura...

Kalau ada stok O&G macam velesto, tolong bagi tau :)

Posted by Good123 > 2020-11-11 11:00 | Report Abuse

hargA Brent oil Kian pulih/Naik


Brent Oil Futures - Jan 21 (BF1)

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Historical Data

Technical

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Analysis

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Brent Oil Futures - Jan 21 (BF1)

 RT-Derived 

43.88 

 21:56:46 - Real-time derived data. Currency in USD

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Add Instrument to:

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Monthly

 

11/22/2018 - 11/11/2020

DatePriceOpenHighLowVol.Change %Nov, 202043.8937.2244.1135.76393.05K17.16%Oct, 202037.4642.2043.5736.8020.19K-8.52%Sep, 202040.9545.5746.2139.3119.38K-9.56%Aug, 202045.2843.6146.5342.89174.31K4.57%Jul, 202043.3041.4744.8841.0214.42K5.22%Jun, 202041.1537.6743.9437.0012.60K9.27%May, 202037.6626.9838.3025.5014.71K94.83%Apr, 202019.3326.0036.4015.98637.21K-15.00%Mar, 202022.7448.9553.9021.657.36M-54.99%Feb, 202050.5256.1660.0050.055.27M-13.14%Jan, 202058.1666.4171.7557.715.80M-11.88%

Posted by Good123 > 2020-11-11 11:05 | Report Abuse

jika balik 20-30sen Nanti, gembiralah :)

Posted by Good123 > 2020-11-11 11:06 | Report Abuse

Ada pelabur Yang taasub mau sokong penny stocks milik negara macam velesto :)

Posted by Good123 > 2020-11-11 11:09 | Report Abuse

adoi harga Masih Naik