Posted by SuperPanda > 2021-03-22 17:43 | Report Abuse

bcoz you didnt read my earlier comment and listen to those beginner

Posted by SuperPanda > 2021-03-22 17:49 | Report Abuse

btw, every 0.5c drop is 3%, if drop -3c, equal to -18%

only small retailer thinks 1-2c drop for penny is small, i can confirm they never learn with trade sifu the impact of below 20c penny price movement

so i leave it to them

Posted by SleepingForest > 2021-03-22 18:14 | Report Abuse

The news is good . But the profit will only reflected in 3rd and 4th qr onwards .

Plus oil is on downtrend now .

Once the oil price reaches 70 usd this counter will be around 0.19-0.2 .

When oil reaches 80 , this counter will be o.25-0.285 .

So just buy and keep it for long term

Posted by Flybythenite > 2021-03-22 18:22 | Report Abuse

Trading ideas: Widad, Macpie, NTPM, Velesto, Boustead, Genting Malaysia

ANALYST REPORTS
Monday, 22 Mar 2021
9:04 AM MYT
https://www.thestar.com.my/business/business-news/2021/03/22/trading-ideas-widad-macpie-ntpm-velesto-boustead-genting-malaysia

Posted by Flybythenite > 2021-03-22 18:31 | Report Abuse

Being awarded contract is much much better than not being awarded anything and no biz like some other unlucky counters right? Must learn to count blessings, bersyukur my frens!

Warned u guys long ago, this counter is for long/mid term investors only. Traders/ speculators/ gamblers pls stay away for your own good! This counter is vvvvery sloooow. Jual awal2 jika tak boleh tahan, ya!. :)

Posted by Flybythenite > 2021-03-22 18:34 | Report Abuse

The news /info we share here are meant for long term investors. Not inviting punters to trade. Buy at own risks! Btw Oil is not recovering anytime soon! :(

Posted by Flybythenite > 2021-03-22 18:51 | Report Abuse

Also, QR maybe BAD with MCO and all last yr early this yr. Any good news is bonus/ windfall to us investors here! :)

Posted by Flybythenite > 2021-03-22 19:20 | Report Abuse

With more attacks on refineries, shortage is inevitable. And price will eventually go up. Sabar.

https://www.thestar.com.my/business/business-news/2021/03/22/undervalued-blue-chips-glove-oil-and-gas-stocks-to-attract-interest
Besides, frequent airborne assaults on Saudi Arabia’s, world’s second largest oil producer after the United States, oil facilities by Iran-backed Houthi rebels should provide some upside volatility for crude oil prices.

After the most recent attack on Ras Tanura oil refinery, another airborne assault was witnessed last Friday on an oil installation in Riyadh.

The official Saudi Press Agency said there were no injuries or damage without naming the affected site.

Subsequent to the attack Brent crude oil prices rose 1.98% to US$64.53 last Friday.

Posted by Macgyver11 > 2021-03-22 20:53 | Report Abuse

Good news...most probably brent will touch usd 70 again and move up further.

https://www.worldoil.com/news/2021/3/19/despite-some-turbulence-global-oil-demand-is-on-the-route-to-recovery

Posted by Mabel > 2021-03-23 01:57 | Report Abuse

Hope it will breach 20 today..

High time after all the fantastic announcements plus Brent latest development..

Meow Meow Meow

Posted by obakh222 > 2021-03-23 08:11 | Report Abuse

Hope can sell 0.175 today

Posted by Macgyver11 > 2021-03-23 09:59 | Report Abuse

Oil recovery on the way..think twice before dispose..

https://oilprice.com/Energy/Crude-Oil/Signs-Of-Strong-Oil-Demand-Recovery-Are-Emerging.html

Posted by TRYLUCK88 > 2021-03-24 05:41 | Report Abuse

Superpanda..any clue whats next tp for oil?

Posted by Valgrovest > 2021-03-24 08:51 | Report Abuse

World oil prices collapsed. Now down to USd60 for Brent (from USd70 previously). Run run as fast as you can before get stuck again!!

Posted by damiantreez > 2021-03-24 09:31 | Report Abuse

brent rebound

Posted by JuliusCeasar > 2021-03-24 10:58 | Report Abuse

Agreed

Posted by EAGLE > 2021-03-24 11:43 | Report Abuse

Hahahah.... oil price is anybody guess. Up, down, you never know.

Posted by Macgyver11 > 2021-03-24 12:19 | Report Abuse

I want to collect more once it's go down to 0.13c but....still strong. Aiyoo!

Posted by JuliusCeasar > 2021-03-24 12:29 | Report Abuse

I bought a few just now. Accumulate.... Hope positive QR come out soon.

Posted by KAQ4468 > 2021-03-24 13:23 | Report Abuse

Peewiittttt

Posted by Macgyver11 > 2021-03-24 16:27 | Report Abuse

Yah, I hope for positive qtr too...best luck to all.

Posted by Macgyver11 > 2021-03-24 16:35 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/03/24/turning-point-for-bursa-beckons-as-foreigners-pile-in

Posted by Macgyver11 > 2021-03-24 17:46 | Report Abuse

Nampak mcm brent rebound back..hopefully its continue.

Posted by Jnlee > 2021-03-24 19:02 | Report Abuse

bad QR.gg......

Posted by arman70 > 2021-03-24 19:03 | Report Abuse

that half billion losses is huge

Posted by Jjkcl > 2021-03-24 19:04 | Report Abuse

Qr loss 493m, 460m is impairment

Posted by moneycome123456 > 2021-03-24 19:25 | Report Abuse

KUALA LUMPUR: Drilling company Velesto Energy Bhd booked in nearly half a billion ringgit in losses after it made RM460mil impairment for its rig assets in the last quarter.

The company blamed volatile oil prices and the impact of the Covid-19 pandemic for its losses.


"Due to the slow pace of recovery in global economy and the oil and gas industry, the Board is of the opinion that the financial performance for 2021 will continue to be challenging," Velesto said in a filing with Bursa Malaysia today.

For the three-month ended Dec 31, the company registered a loss of RM493mil on revenue of RM99mil.

"There is an increase in the global oil and gas activities including in the drilling sector where a number of contracts have been awarded in the last three months," Velesto said today.

In Malaysia, a number of new drilling contracts have been awarded and more tenders are currently under evaluation. "The Group is participating in most of these tenders, in addition to a number of tenders in Asean countries," it said.

Currently, two of the Group’s seven jack-up drilling rigs are working, while another rig is scheduled to commence a three-year contract in Malaysia-Thai Joint Development Area by early April 2021.

Two more rigs are being mobilised to start contracts in offshore Malaysia in April and May respectively.

"At present, the Group is continuing to tender and negotiate for new contracts for 2021 and beyond," it said.

Posted by SuperPanda > 2021-03-24 19:40 | Report Abuse

reminded many times but due to ignorance has to face the consequences

as for me, i can buy from panic seller tomorrow at cheaper price

Posted by arasu5531 > 2021-03-24 19:49 | Report Abuse

if only the other way around, the qr is good. u all would hv been rich. now hmmm

Posted by SuperPanda > 2021-03-24 19:49 | Report Abuse

next week can start buying back oil counter that already down and price at support

but next rally will takes times bcoz inventory keep rising and EU lockdown sentiment
__________________
TRYLUCK88 Superpanda..any clue whats next tp for oil?
24/03/2021 5:41 AM

Posted by sukiesee > 2021-03-24 19:57 | Report Abuse

Ohno.... I am waiting for rebound

Posted by Jjkcl > 2021-03-24 20:09 | Report Abuse

Similar to armada impairment in the previous qr

Posted by sheep > 2021-03-24 20:30 | Report Abuse

Limit down tomorrow ...wakakakaka

Posted by kereta > 2021-03-24 20:38 | Report Abuse

ham ka cham liao

Posted by wanteng > 2021-03-24 20:43 | Report Abuse

dont worry expected qr result,just impairtment lost

Posted by SuperPanda > 2021-03-24 20:51 | Report Abuse

no point to hold, jan-mar only 1 rig working, how to profit?

need to pray hard petronas will award another 2-3 contract this year, if not will continue losses till rest of the year

Posted by MF0001 > 2021-03-24 20:52 | Report Abuse

0.30CTS

SO

EASY

TO

SEE

NEED HELP?

:DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD

Posted by moneycome123456 > 2021-03-24 20:58 | Report Abuse

Dun know how will going on tomorrow.

Posted by Mrtorking > 2021-03-24 21:03 | Report Abuse

haiyaaa ..ong bru nk rebound semula tapi qr teruk pulak.

Posted by Macgyver11 > 2021-03-24 21:38 | Report Abuse

Last year bumi Armada also posted losses more 200mil in 1st qtr and all due to impairment. Once the impairment settle, they are making money now after 2nd qtr onward. Sapura, Destini and MHB do the same thing previously. What I observed after the impairment some counters moving up...strategy. As per the CEO commitment, one rig operating, two on going next month and they already put up tenders for rest of the rigs. The CEO confidant they will get more contracts...rigs will fully utilize anyway.
As we all know all eyes on border, once the border open then oil demand getting high. Planes consumed more fossil fuel than cars..small matter no big deal. Anything below 16c is good to buy. This is my 2c opinions. TAYOR..

Posted by Macgyver11 > 2021-03-24 21:55 | Report Abuse

If not due to impairment actually Velesto gain..

Posted by SuperPanda > 2021-03-24 23:03 | Report Abuse

ya kah?

revenue 99m
operating expense 120m

expense is higher than revenue, that means gain? dont embarass yourself

Posted by matg > 2021-03-24 23:13 | Report Abuse

Dun talk so much.. tomoro just be ready more bullet to sauk more from panic retailers.. hehe

Posted by SuperPanda > 2021-03-24 23:20 | Report Abuse

btw, not wise to compare armada with velesto, armada is fpso and oms player on international level with client like enquest, soco and shapoorji

velesto only jack up rigs and depends on petronas, different playing field lah

thats why armada can be profitable but velesto cannot... armada fpso (tgt1, kraken, olombendo, etc) all have contracts on hand and contributing revenue

yinson is another fpso that will be profitable too

Posted by Expertise > 2021-03-25 00:03 | Report Abuse

Don’t think so,QR as expected from all investor...let see tomorrow, my 1cents

Posted by Expertise > 2021-03-25 00:04 | Report Abuse

A bit disappointed, revenue not even 100m...all director tidur ke

Posted by Airline Bobby > 2021-03-25 00:04 | Report Abuse

Well ... Mr Market does what he wanna do ~

Posted by Allantanks > 2021-03-25 00:16 | Report Abuse

tmr durian runtuh. Hoseh liao. Hahahahaha a

Posted by bullmarket1628 > 2021-03-25 07:12 |

Post removed.Why?

Posted by JuliusCeasar > 2021-03-25 08:14 | Report Abuse

Look like can go higher today. Hehehe!