Posted by Macgyver11 > 2020-12-23 18:05 | Report Abuse

People tend to get panic easily without thorough checking...that's ok, human nature. Hope no more dumping by PNB continuously...fingers crossed.

Posted by JJchan > 2020-12-24 09:21 | Report Abuse

PNB sold 400m to who?..DidnT throw in Open Market...Pnb always moved individual stock
out of mutual Fund portfolio to avoid "average pressure". When velesto price appreciate, it will
move it back to portfolio grouping

Posted by Macgyver11 > 2020-12-24 09:55 | Report Abuse

https://www.theedgemarkets.com/article/petronas-declares-force-majeure-two-crude-grades-sources

Demand getting higher. Two platforms now in midst of obstacle. Source out for tender likely high. Hope there's any good news for Velesto with god willing.

Posted by linheng > 2020-12-26 05:41 | Report Abuse

Bumi Armada got upgraded by a few IB's, UMZA got upgraded too, then Dayang got upgraded and Sapura Energy got upgraded by a few IBs too (although some still maintain very low TP). Wonder if they will upgrade Velesto since all in the same line of support services

Posted by tkl88 > 2020-12-26 08:19 | Report Abuse

Next week is the windows dressing, will be the super bull market for KLSE !

Huat ah ! Heng ah ! Ong ah !

Posted by pea3034 > 2020-12-26 10:20 | Report Abuse

tkl88 tukang telek ke

Posted by Macgyver11 > 2020-12-26 16:52 | Report Abuse

https://www.theedgemarkets.com/article/bursa-expected-ride-santa-claus-rally-next-week

Santa claus coming to town next week..

Posted by Macgyver11 > 2020-12-26 17:26 | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/12/26/chinese-economy-heads-into-2021-amid-high-expectations.

Posted by tkl88 > 2020-12-27 10:42 | Report Abuse

e南洋
财经新闻
【独家】钢铁缺货每周调售价 业者步步为营·严密监控库存
2020年12月26日

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E3%80%90%E7%8B%AC%E5%AE%B6%E3%80%91%E9%92%A2%E9%93%81%E7%BC%BA%E8%B4%A7%E6%AF%8F%E5%91%A8%E8%B0%83%E5%94%AE%E4%BB%B7-%E4%B8%9A%E8%80%85%E6%AD%A5%E6%AD%A5%E4%B8%BA%E8%90%A5%C2%B7%E4%B8%A5%E5%AF%86%E7%9B%91%E6%8E%A7%E5%BA%93%E5%AD%98

独家报道：黄清琴
（怡保26日讯）全球钢铁价格暴涨，从上个月开始，钢铁成品如建筑使用的花铁、货架的方铁价格每天都出现大波动，五金机械店业者每周必须调整价目表，并得严控库存，业者莫不暗自叫苦。

Posted by tkl88 > 2020-12-28 14:20 |

Post removed.Why?

Posted by tkl88 > 2020-12-28 14:20 |

Post removed.Why?

Posted by tkl88 > 2020-12-28 14:21 |

Post removed.Why?

Posted by tkl88 > 2020-12-28 14:21 |

Post removed.Why?

Posted by bananachacha > 2020-12-30 09:19 | Report Abuse

this stock on holidays dy?not moving ...><

Posted by Baby Shark > 2020-12-30 13:27 | Report Abuse

Come back 2028 check easy..

Posted by Lewis Lee > 2020-12-31 17:22 | Report Abuse

Come back 2028, you can't find this lousy this company, maybe "Bungkus" already !!!

Posted by Lewis Lee > 2020-12-31 17:39 | Report Abuse

This company is rated Top Loser in 2020 ( - 63.2%) amongst big cap caompanies in Bursa !! Tiew !!
https://klse.i3investor.com/blogs/savemalaysia/2020-12-31-story-h1538463770-These_are_the_top_gainers_and_losers_on_Bursa_in_2020.jsp

Posted by Macgyver11 > 2020-12-31 20:44 | Report Abuse

Saya pun mahu beli klu ada shares SCK..tapi apa ler nak buat kena sabar.

Posted by Macgyver11 > 2020-12-31 21:16 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/12/31/og-to-make-gradual-recovery

Posted by Macgyver11 > 2021-01-01 09:42 | Report Abuse

Gd morning and happy new year all. Next year will the great year for good health, wealth & prosperity...mgb all

Posted by shark3011 > 2021-01-04 10:17 | Report Abuse

Brent is at Usd 52...get ready for rocket launching....it went down to 0.135,expect sharks to collect at lower price before it rises up.Goodluck all.

Posted by serpent100 > 2021-01-04 17:24 | Report Abuse

Oil price up..... Share price maintain.... Oil price drop.... Follow drop pula.....

Posted by Lewis Lee > 2021-01-04 18:52 | Report Abuse

"The number of rigs expected to rebound to 22 in 2021 from 14 in 2H2020 due to plummeting oil prices and movement control order (MCO) (Exhibit 10). While this is below the earlier 2020 target of 26 rigs, we expect Velesto Energy to experience improving asset utilisation towards the second half of the year. "
From analyst's report

Looks like can only see improvement in 2nd half of 2021 !

Posted by Macgyver11 > 2021-01-04 19:08 | Report Abuse

Velesto not top loser kah...hehe!

Posted by Macgyver11 > 2021-01-06 09:48 | Report Abuse

Brent 53++

Posted by Macgyver11 > 2021-01-06 09:51 | Report Abuse

Hope Velesto unleash the power..

Posted by Macgyver11 > 2021-01-06 15:19 | Report Abuse

https://finance.yahoo.com/news/brent-oil-rises-highest-since-022408920.html

Posted by Macgyver11 > 2021-01-06 18:55 | Report Abuse

Brent close to USD 55.

Posted by sharewiz118 > 2021-01-06 21:48 | Report Abuse

Slow tortoise

Posted by Legend > 2021-01-06 23:52 | Report Abuse

Sayonaraaaaaaaaaa!!!

Posted by Allantanks > 2021-01-07 01:17 | Report Abuse

funny operator. lol

Posted by williamtkb > 2021-01-07 06:51 | Report Abuse

No power as business not yet recover. Plus political unstable again.

Posted by CUTLOST > 2021-01-07 07:20 | Report Abuse

Oil up.. Valesto down.. Hopefully this time will bull

Posted by amireza > 2021-01-07 10:18 | Report Abuse

Come on

Posted by Macgyver11 > 2021-01-07 10:32 | Report Abuse

Ya, By right velesto already break 0.20c by now...don't know what factors influenced it. Maybe waiting for new rigs project. Knm already break 0.20 Armada no need to say you all know already. Oh sayang ku velesto pecut ler..

Posted by Lewis Lee > 2021-01-07 11:16 | Report Abuse

Armada & KNM no need to reply on Petronas projects, their sales mostly from overseas !
Velesto & Sapura have to beg for works from PEtronas, PEtronas kedekut in spending (looks like the case by this lousy new CEO, already said will cut down expenses in this week briefing ! )
Velesto & Sapura will be F this year !!!

Posted by linheng > 2021-01-09 04:52 | Report Abuse

Brent oil is above USD$55.00 Now 55.48. If this counter still don't go up on Monday, I sell all my glove and switch here.

Posted by CHLEONG888 > 2021-01-09 05:29 | Report Abuse

hopefully this round will fly ,brent oil is so high, or else, why Brent oil drop, it will follow suit

Posted by JoshuaMS7 > 2021-01-09 05:46 | Report Abuse

Oil price crazy up 56!!

Posted by JoshuaMS7 > 2021-01-09 06:25 | Report Abuse

https://oilprice.com/Energy/Energy-General/Oil-Bulls-Are-Back.html

Posted by Allantanks > 2021-01-09 13:49 | Report Abuse

Oil chart shows 3 more crucial point, 60 ， 70 ， 75. It may gap up then rocket anytime. Imagine when oil hit 60 that will be a very bullish signal.

Posted by Macgyver11 > 2021-01-09 15:17 | Report Abuse

Bottom line is Velesto still need to secure rigs contracts. They depend on daily chartered rate..hoping for announcement.

Posted by Macgyver11 > 2021-01-09 15:21 | Report Abuse

Just, just two contracts announcement enough to bring Velesto to the glory of 2019...

Posted by JoshuaMS7 > 2021-01-09 17:04 | Report Abuse

https://www.nst.com.my/news/nation/2021/01/655733/npra-gives-conditional-registration-pfizer-vaccine-use-msia

Posted by Macgyver11 > 2021-01-09 18:21 | Report Abuse

https://www.klsescreener.com/v2/news/view/775919

Posted by Macgyver11 > 2021-01-09 18:27 | Report Abuse

If brent keep on rising then there's high possibility of contract from Petronas. Petronas give priority to Velesto and Sapura. At least good start for year 2021. Hv faith in Velesto...

Posted by Macgyver11 > 2021-01-09 18:29 | Report Abuse

BIMB tp 0.265.

Posted by Allantanks > 2021-01-09 19:03 | Report Abuse

When good news comes and stock no moving, it is to wash the dirty things inside the team.

Posted by Lewis Lee > 2021-01-09 20:09 | Report Abuse

"BIMB Securities Research has upgraded Velesto Energy to a buy (from a hold), with a higher target price of 26.5 sen (from 14 sen previously) on steady demand for jack-up rigs in the next three years. "

"MIDF Research also highlights that based on the PAO, 2021 upstream activity levels are expected to mirror that of 2020 as Petronas remains cautious on the O&G sector recovery.

The research unit says a key opportunity area is in the decommissioning and well-abandonment segment.

This is given as currently Malaysia has over 350 platforms where 56% are operating beyond design life and 18% have been operating for over 40 years, there are more than 3,000 wells where 45% are idle wells and over 500 wells are planned to be plugged permanently by 2030, and more than 750 pipelines, where 38% are operating beyond design life and 4% have been operating for over 40 years.

The key beneficiaries to well abandonment activity would be drilling rig operators such as Velesto Energy and Sapura Energy, as well as hydraulic workover units (HWU) operators such as Velesto Energy."

Posted by Lewis Lee > 2021-01-09 20:13 | Report Abuse

Good news !! 2 analysts started to change tune (see above) to recommend Velesto !
Meaning either the insiders or big sharks "kao tim" (bonus delivered ! lol) with analysts to write good about velesto for the share to be fried UP liao !!!

Next monday if got bullet, quickily "taruh" or "sai lang" in Velesto !! Before other analysts follow suit with BUY calls !!! Engine warming up .... 20 .... then 30 !! For sure !!!