Posted by KAQ4468 > 2020-12-18 13:42 | Report Abuse

Pasti kaboom

Posted by Macgyver11 > 2020-12-18 16:43 | Report Abuse

Velesto is like hibernating volcano...once rupture nothing can stop it. Time is matter. Happy trading and happy weekend all. Be safe.

Posted by Valgrovest > 2020-12-18 23:19 | Report Abuse

https://oilprice.com/Energy/Oil-Prices/Why-Theres-Still-Room-For-Oil-To-Go-Higher.html

Posted by linheng > 2020-12-19 06:02 | Report Abuse

Ya. This counter is still sleeping. Good idea to jump in at this price. Downside is very limited and the potential to go up is very good. Just refer to the historical price when Brent crude is USD$51+
Brent Price
4-Mar-20 51.13 52.11 53.03 51.04
3-Mar-20 51.86 53.47 53.9 51.22
2-Mar-20 51.9 48.95 53.2 48.4
KLCI
4-Mar-20 1,489.95 1,478.33 1,491.07 1,474.95
3-Mar-20 1,478.64 1,476.30 1,481.36 1,466.90
2-Mar-20 1,466.94 1,471.34 1,478.68 1,456.08

VELESTO OPEN HIGH LOW CLOSE
4-Mar-20 0.28 0.285 0.28 0.28
3-Mar-20 0.275 0.29 0.275 0.285
2-Mar-20 0.28 0.285 0.25 0.265

Posted by linheng > 2020-12-19 06:04 | Report Abuse

Still trading at 50% of March 2020 level. Funny thing is that Velesto show a profit in the last Q result. Think its because there is some roadblock for them to collect at low price.

Posted by linheng > 2020-12-19 06:14 | Report Abuse

Compare with the performance of other oil counters
Brent Price
4-Mar-20 51.13 52.11 53.03 51.04
3-Mar-20 51.86 53.47 53.9 51.22
2-Mar-20 51.9 48.95 53.2 48.4

Hibiscus
4-Mar-20 0.73 0.75 0.715 0.745 0.745
3-Mar-20 0.76 0.765 0.73 0.74 0.74
2-Mar-20 0.735 0.745 0.715 0.74 0.74

Armada
4-Mar-20 0.3 0.31 0.295 0.295 0.295
3-Mar-20 0.325 0.325 0.3 0.31 0.31
2-Mar-20 0.295 0.31 0.29 0.31 0.31
HengGuan
4-Mar-20 3.56 3.59 3.59 3.51
3-Mar-20 3.56 3.62 3.69 3.52
2-Mar-20 3.56 3.59 3.59 3.43
KNM
4-Mar-20 0.2 0.195 0.205 0.195
3-Mar-20 0.2 0.215 0.215 0.195

Posted by tkl88 > 2020-12-19 09:48 | Report Abuse

Wow, oil price continue to spike up like mad!
Nymex=> $4‪9.06 (+0.70) (+1.45 percent)‬
Brent=> $52.32 ‪(+0.82) (+1.59 percent)‬

‪Huat ah ! Heng ah ! Ong ah !‬

Posted by nasrulfahmi > 2020-12-19 09:53 | Report Abuse

come on velesto...next week give more

Posted by Expertise > 2020-12-19 10:40 | Report Abuse

Monday show come come

Posted by Chaostrader > 2020-12-19 11:39 | Report Abuse

Good work linheng....thanks....this baby gonna rock soon...others have reached their potential in this rally. Monday kena top up lagi.

Posted by obakh222 > 2020-12-19 15:29 | Report Abuse

Velesto specialised in OnG,

Posted by Macgyver11 > 2020-12-19 15:53 | Report Abuse

Petronas start giving tenders to its upstream players. Uzma is the one who first get it. Soon more upstream players will get it...no doubt on that. Time is matter. Relax and enjoy the ride...

Posted by Macgyver11 > 2020-12-19 15:58 | Report Abuse

Year 2019 Velesto in the peak of victory trading above 0.38 and almost break 0.40 barrier heading toward 0.50 but unfortunately due to covid, price plunged down below 0.10 in split second. Next year time to gain back the previous glory...

Posted by Macgyver11 > 2020-12-19 16:00 | Report Abuse

Trust in Velesto. Ini kali lah

Posted by KAQ4468 > 2020-12-19 21:01 | Report Abuse

Pasti mari

Ini kali lah

Posted by Macgyver11 > 2020-12-19 21:36 | Report Abuse

"Malaysia to get AstraZeneca Covid-19 vaccine, follows Pfizer-BioNTech deal, SE Asia News & Top Stories - The Straits Times" https://www.straitstimes.com/asia/se-asia/malaysia-to-receive-first-batch-of-pfizer-covid-19-vaccine-in-february-report

Posted by JoshuaMS7 > 2020-12-20 06:35 | Report Abuse

Wait long neck ad since oil price spike from 40-52 usd now and the shares price still stuck at 0.150 if compare with March 0.280!!

Posted by Lewis Lee > 2020-12-20 11:22 | Report Abuse

And while all these challenges are looming and taking its toll on operations, there is the shareholder — the Federal Government — which looks to the oil company for dividends and other forms of support to help in its running of the country’s economy during the pandemic. This requires the top brass in Petronas to perform the delicate balance of meeting both the needs of the company and that of the government of the day.

“We are very mindful that the Company’s Act requirement... solvency before declaring any dividend, is fulfilled, or else the board will be breaking the Company’s Act clause,” said Tengku Muhammad Taufik in the interview.

Quite recently, the oil and gas industry was abuzz with talk of several individuals at the national oil corporation being investigated by the authorities for corruption, another issue Tengku Muhammad Taufik has to grapple with, as there is no longer this perception that the national oil company has high standards of integrity.

"I know that there has been a growing perception that Petronas has become more susceptible to this kind of practice (corruption), particularly as it grows in size (as an organisation). I will tell you what my stance on this is — there is zero tolerance for corruption; if you are discovered, there will be no exception," said Tengku Muhammad Taufik.

At 46, Tengku Muhammad Taufik may seem young, but his demeanour, how he handles himself, his stature, confidence and capability — how he explained the numbers at Petronas — were impressive. And with age on his side, he could be at the helm of the national oil company for the foreseeable future and set the direction for Petronas' next phase of development including diversifying into renewable energy and speciality plastics.

A Petronas scholar, Tengku Muhammad Taufik served in the early 2000s as executive assistant to former chairman, the late Tun Azizan Zainul Abidin — the man who, among others, crafted Petronas’ mission statement to be an organisation of high integrity and professional values. The late Azizan was also the one who kick-started Petronas' global expansion.

Posted by Lewis Lee > 2020-12-20 11:25 | Report Abuse

I just read the above from the Edge ! There are corruptions in Petronas , no wonder no money to expand and pay to contractor like Velesto !! Most funds "makan" by corrupt officers in Petronas already !!
Hopefully the change of new CEO in petronas can expand their spending into proper channel and benefit Velesto in the future !!!

Posted by Lewis Lee > 2020-12-20 11:40 | Report Abuse

"He opined that the rollout of Covid-19 vaccines will help to restore demand for transportation fuels. Following Petroliam Nasional Bhd (Petronas)’s capex prudence in 2020, there is a reasonable chance that Petronas may do more drilling work from 2H21 onwards to offset natural depletion rates.

A key upside risk for Velesto is the potential for oil prices to rally above US$50 a barrel, resulting in Petronas accelerating drilling work."

Analysts' report highlight :- If oil price can stay above US$50 a barrel or higher in 2021, Petronas will only do more drilling work and Velesto's rigs utilization will be maximized ! Then only we can see profit in this company !!

Posted by KAQ4468 > 2020-12-20 19:12 | Report Abuse

Pasti mari

Posted by KAQ4468 > 2020-12-20 19:13 | Report Abuse

10 cents become 40 cents

Posted by KAQ4468 > 2020-12-20 19:13 | Report Abuse

10 Lori aku tadah

Posted by Macgyver11 > 2020-12-20 20:16 | Report Abuse

Betui!!

Posted by Sugih > 2020-12-20 20:27 |

Post removed.Why?

Posted by sharewiz118 > 2020-12-20 21:37 | Report Abuse

mari mari mari naik ke langit

Posted by sharewiz118 > 2020-12-20 21:39 | Report Abuse

USD 52 is making money margin, petroleum company shall be active again

Posted by awesome20 > 2020-12-20 21:41 | Report Abuse

Very stron

Posted by Chaostrader > 2020-12-21 10:17 | Report Abuse

Waking up this morning...top 20 active counter

Posted by Lewis Lee > 2020-12-21 11:21 | Report Abuse

Top active no use lah ! Top gainers only can celebrate ! lol

Posted by ruhaizat69 > 2020-12-21 14:54 | Report Abuse

Come to us joint sapura qr got profit

Posted by sharewiz118 > 2020-12-21 21:28 | Report Abuse

stupid velestor

Posted by Chaostrader > 2020-12-21 22:58 | Report Abuse

O&G play over...new virus strain...time to buy gloves again. Not stupid velestor...only stupid investor :)

Posted by Allantanks > 2020-12-22 00:30 | Report Abuse

stupid velesto

Posted by HuatlaiOnglai > 2020-12-22 08:48 | Report Abuse

Velesto chart turn bearish! Wait for pull back before enter.

Posted by shark3011 > 2020-12-22 10:09 | Report Abuse

https://www.theedgemarkets.com/article/ringgit-opens-higher-against-us-dollar-improving-crude-oil-prices?type=malaysia

Posted by bananachacha > 2020-12-22 14:05 | Report Abuse

back to 0.135 ady

Posted by Macgyver11 > 2020-12-22 17:10 | Report Abuse

"Opinion: Pretty soon, we may need more oil than we can produce - CNN" https://amp.cnn.com/cnn/2020/12/21/perspectives/oil-2021-vaccines/index.html

Posted by Macgyver11 > 2020-12-22 17:18 | Report Abuse

Hv faith in velesto. News about new strain of covid influenced the market sentiment & oil price. Brent still at high side.

Posted by Macgyver11 > 2020-12-22 17:47 | Report Abuse

https://www.channelnewsasia.com/news/asia/malaysia-pm-muhyiddin-yassin-first-take-covid-19-vaccine-13822286

Posted by armadatuah2017 > 2020-12-22 20:10 | Report Abuse

better exit this counter...PNB is selling and trimming their holdings by a lot...

Posted by armadatuah2017 > 2020-12-22 20:10 | Report Abuse

not looking good at all for Velesto future.. massive lost will be incurred soon

Posted by jacksparrow > 2020-12-22 21:53 | Report Abuse

Run for your life... Shark also sell their shares... No need to wait... Just sell...

Posted by Wong Yi Ming > 2020-12-22 22:22 | Report Abuse

Some loan due 2021, be careful

Posted by Chaostrader > 2020-12-23 12:26 | Report Abuse

There has been a number of new strains since covid first broke out. ..is this one going to be more viral? Sell if u think so.

Posted by Lewis Lee > 2020-12-23 12:52 | Report Abuse

This company relying too much on Petronas ' s contract, if Petronas don't spend , then MATI loh !!

Posted by Macgyver11 > 2020-12-23 13:51 | Report Abuse

Big Institutional hold velesto Shares.

PNB hold - 41.3%
Bumiputra investment - 12.3%
UHJ - 4.99%
EPF - 4.21%
Wah Seong - 3.09%
Norges bank - 1.98%
Vanguard group - 1.45%
Public mutual - 1.38%
KWP - 1.11%
Manulife - 0.82%
Dimensional fund - 0.78%
Affin Hwang - 0.38%
PMB investment - 0.35%
Pacific mutual - 0.27%

I believed that is latest one (if anybody hv latest beside above please share). PNB sell just a handful.

Posted by Macgyver11 > 2020-12-23 13:54 | Report Abuse

If PNB continuously dumping then I believed this company under stress..otherwise ok.

Posted by Macgyver11 > 2020-12-23 16:46 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/The-Worst-May-Be-Over-For-US-Oil.amp.html

Posted by Macgyver11 > 2020-12-23 18:01 | Report Abuse

https://www.nst.com.my/amp/news/nation/2020/12/651631/pnb-declares-50-pct-income-distribution-asb

Haha!
PNB hv to pay dividend for their ASB subscribers. By now you all already hv some clue !!!