Posted by kennyqs > 2021-06-21 19:34 | Report Abuse

yes , myself mostly holding velesto and serbadk share , anyway i thk oil price increase benefit serbadk more ! best time to collect at this bottom price !

Posted by JJchan > 2021-06-22 09:46 | Report Abuse

massive fund/cash pump into Green energy will result under-invest in Oil----Looks like Green
Energy might not cope -up with lastest energy Demand. Even EU is switching back to Coal
to meet demand. $100+ Oil might arrive earlier than expected

Posted by JoshuaMS7 > 2021-06-22 09:50 | Report Abuse

really feel oil price up doesn't related with oil stks.. but oil price fall must related with oil stks.. velesto fall to 0.090 when oil fall to negative..

Posted by m3379 > 2021-06-22 09:52 | Report Abuse

Oil price up due to supply control. Not due to demand purely. Oil operators are still limiting CAPEX.

Posted by Allantanks > 2021-06-22 10:18 | Report Abuse

Big joke counter. Sell. This manipulative counter is reasons y Malaysian market stop moving many years.

Posted by JuliusCeasar > 2021-06-22 11:24 | Report Abuse

Agreed! It's too manipulative. Have to admit it. The historical data records revealed the truth. This is fact. I also stay away from this counter from now on.

Posted by casion911 > 2021-06-22 13:42 | Report Abuse

Collect serba dinamik fasttt. Price already up from below 60 sen. Now 63.5 sen dy. Buy before it up again after next good newssss.

Posted by JoshuaMS7 > 2021-06-22 15:51 | Report Abuse

anyone can tell me why this counter so difficult to up? Oil ad 75 usd! What it wants?

Posted by Izzyy > 2021-06-22 16:42 | Report Abuse

Hard to understand why not moving... Very weird. That's why we all should go for Agm and ask management what is happening???

Posted by Macgyver11 > 2021-06-22 16:52 | Report Abuse

This counter won't up immediately. If you are contra player then I suggest this counter not suitable for you. Velesto for mid to long term, I mean mid/long term is most probably after the 3rd/4th qtr or maybe next year whereby we can the reflection of qtr results in share price movement...subject to sustainability of the oil price (above usd 70) and numbers/value of contract bidding and commencing. Currently 2 rigs still pending for contract announcement. Naga 7 insurance claim???....no body know what is the status
This is what I'm thinking...others might thinki in different perspective.

Posted by m3379 > 2021-06-22 20:09 | Report Abuse

Velesto is not an oil producer. Can't really tie to oil price. They depends on CAPEX by oil operators like Hibiscus, Petronas and etc.

Posted by JoshuaMS7 > 2021-06-23 04:41 | Report Abuse

But when oil price fall to negative it also fall to 0.095 wo, think oil price heavy affect this counter if not mistaken!

Posted by Allantanks > 2021-06-23 10:02 | Report Abuse

Mid long term. From last year until now already how kings 5 quarters. From oil hoelw much until now. Hope the handsbehinds be punished by law.

Posted by Allantanks > 2021-06-23 10:06 | Report Abuse

Pui.

Posted by JJchan > 2021-06-23 11:05 | Report Abuse

buy Q. (0.150) is now 500% Sell Q----operator is squeezing last sellers.

Posted by Macgyver11 > 2021-06-23 11:49 | Report Abuse

Relax

Posted by Macgyver11 > 2021-06-23 11:49 | Report Abuse

Cool

Posted by JoshuaMS7 > 2021-06-23 16:17 | Report Abuse

velesto never up when oil price 76 usd!!

Posted by hahasong > 2021-06-23 16:44 |

Post removed.Why?

Posted by Macgyver11 > 2021-06-23 16:57 | Report Abuse

Just patience...2 more rigs pending for contract announcement...coming soon.

Posted by JJchan > 2021-06-23 17:55 | Report Abuse

everybody waiting for the Que to jump in. Oil--75--76-78, surely One spark will create massive
Rally in next 10 days

Posted by Macgyver11 > 2021-06-23 18:16 | Report Abuse

And naga 2 and naga 5 already hired by Petronas Malaysia combined contract value of usd 20.76mil (you all convert lerr into RM)

Naga 2 will commence its rig operation in between 15 May to 15 Jun 2021 (today is 23 of june by right the project already execute by now)
Naga 5 will commence its rig operation in between 1st Apr to 14 Apr 2021 ( project already kick off )

If everything move on smooth then this revenue will reflect in 2nd/3rd qtr...hopefully

Meanwhile...

Naga 4 was hired by Shell Malaysia with contract value of usd 17.68mil (you all convert to RM lerr) and the project commencing on 15 Aug to 15 Oct 2021..will reflect in 3rd and 4th qtr...hopefully also

And

Balance 2 more rigs pending for contract announcement soon and naga 7 waiting for insurance claim (if I'm not wrong insurance compensation up to 400mil)

So how to expect the price to shoot up immediately despite they (Velesto) even generate any proper income yet. That's why I said most probably mid/long term. Assume that another two more rigs gets combine contract of 20 to 30mil usd....isn't it fantastic!! So patience guys.

The plus point is Velesto so far very safe and transparent...doesn't hv any bad news like kmn and sb

Just my 2c opinion. Doesn't mean Buy and Sell call. Trade at your own choice.

Posted by Izzyy > 2021-06-23 19:04 | Report Abuse

Velesto actually has a good business model. They are almost always in a positive free cash flow position. That's why they manage to reduce their debts from over 4.3b in 2016 to around 1b currently. Unlike sapura which needs to undergo debt restructuring to avoid any default.

Posted by sheep > 2021-06-23 19:59 | Report Abuse

That was before Naga 7 sink
....now different story.... might need to do impairment loss , impairment asset, ...might also incur legal expenses if insurance company not gonna honour claim due to.....etc....
Good to wait for next qr...
.........wakakakaka

Posted by JoshuaMS7 > 2021-06-23 21:30 | Report Abuse

oil price 76 usd!!!

Posted by afiqkir > 2021-06-24 09:52 | Report Abuse

Any good news AGM 25th June

Posted by Lewis Lee > 2021-06-24 12:39 | Report Abuse

oil price UP, "Veryslow" DOWN !!

Posted by Lewis Lee > 2021-06-24 13:53 | Report Abuse

Outlook. We view that the outlook for Velesto is turning positive at this juncture despite its weak 1Q21 results as Velesto currently has 3 out of 6 of its available rigs working with another rig to commence mobilisation by the middle of June. The Company should see sequential improvements in its rig utilisation and profits towards the end of FY21. We forecast Velesto’s utilisation rate to come in at c.45% in FY21 and expect its cost savings initiative to mitigate any short-falls in utilisation rates. Velesto is working with the insurance underwriters and protection & indemnity (P&I) club on the way forward for Naga 7 as the rig and other related liabilities are adequately covered under the Hull & Machinery Insurance and the P&I club. We believe that Velesto would be adequately compensated for Naga 7 and we do not think that Velesto would replace its Naga 7 rig with a new rig.



My suggestion to Veryslow's board :- since the oil price is going up, use the insurance compensation money + bank loan to buy a new "Naga 8" to replace Naga 7 !!
when oil demand is shooting up, so will the charter rate, take the opportunity to ride the next oil & gas super cycle !!!

Posted by Lewis Lee > 2021-06-24 13:58 | Report Abuse

KUALA LUMPUR (June 24): AmInvestment Bank Research has maintained its "overweight" rating on the oil and gas (O&G) sector for the next 12 months as crude oil prices have risen by 74% to US$75 per barrel currently from an average of US$43 per barrel in 2020, supporting a global resurgence in capex roll-outs and structural rerating prospects of independent exploration and production (E&P) producers and service providers.

Its analyst Alex Goh in a note today raised his 2021 to 2022 crude oil price projection by US$5 per barrel to US$65 to US$70 per barrel versus the 2021 year-to-date average of US$65 per barrel.

Goh also noted that based on a base case demand scenario premised on projects deemed likely to be sanctioned, Rystad Energy expects global liquids supply shortfalls of 22 million barrels per day (bpd) (22%) by 2030 and 28 million bpd (35%) by 2040.

"Hence, substantive global investments are still required over the next 10 to 20 years to stave off the projected supply deficit. In the absence of such investments, we expect another super bullish cycle, similar to the 2004–2007 run-up, which will drive crude oil prices to levels well above US$100/barrel," he said.

According to Goh, the value of final investment decisions (FID) in Southeast Asia for O&G projects is expected to surge by 3.5 times year-on-year this year to 700 million barrels of oil equivalent, and more than double to 1.7 billion in 2022.

"Malaysia will account for over 80% of Southeast Asia's FID in 2021 and 50% in 2022," he said.

Over the longer term, he said, deepwater investments are expected to be more prominent, peaking at US$6 billlion in 2027 from just US$2 billion in 2020.

He also noted, by 2024, deepwater projects will make up over 60% of the region's sanctioned resources.

Additionally, subsea tiebacks and floater solutions will gain traction as national oil companies optimise their capex under net-zero emission agenda, he added.

Posted by Lewis Lee > 2021-06-24 14:01 | Report Abuse

If oil price back to super cycle and reach USD100, those buy oil counters at dirt cheap price will surely HUAT HUAT HUAT !

Veryslow's TP = 0.50 by year end, TP = 1.00 by 2022

Posted by JoshuaMS7 > 2021-06-24 16:36 | Report Abuse

76 usd lol!!

Posted by casion911 > 2021-06-24 17:21 | Report Abuse

Serbadk is very cheap nowww. 53 sen. Buy before its too late. Dont be sorry later. Buy buy buy collect and keeepp for bonus laterrr.

Posted by siaokar > 2021-06-24 17:44 | Report Abuse

casion stuck high at serbadk looking for water fish to support from falling further.
be careful of this scammer.

Posted by Mabel > 2021-06-24 18:05 | Report Abuse

At least Velesto is steady today...

KLCI closes at four-month low - TheStar
KLCI slips as domestic political risk continues to drag sentiment - TheEdge

Posted by Mabel > 2021-06-24 19:15 | Report Abuse

Brent crude already 75

Posted by Macgyver11 > 2021-06-24 19:16 | Report Abuse

Hahaha!
Wcasion911 Serbadk is very cheap nowww. 53 sen. Buy before its too late. Dont be sorry later. Buy buy buy collect and keeepp for bonus laterrr.

Before, this guy saying the same thing when sb trading at 0.60c buy very cheap....now drop to 50c also this guy saying the same story buy very cheap keep for bonus. Later when drop to 0.30c this guy will tell the same story...bleeding kah you skrg.

Posted by yingzhe17 > 2021-06-24 21:20 | Report Abuse

Pnb not dumping ?

Posted by JoshuaMS7 > 2021-06-25 05:50 | Report Abuse

so low share price 0.15 vs 75 usd oil price!!

Posted by hisaishi > 2021-06-25 12:58 | Report Abuse

kesiannya casion.. CL je la..

Posted by KingSingh > 2021-06-26 13:22 |

Post removed.Why?

Posted by Allantanks > 2021-06-27 00:51 | Report Abuse

Shameful counter. Break Brent oil price September 2018 high, and it sleep like salted fish. Malaysia bursa is a joke. Don't say no relation between Brent and velesto. We all know the relation is there.

Posted by Lewis Lee > 2021-06-27 13:35 | Report Abuse

My read is Veryslow is currently neglected due to uncertainty surrounding its sinked Naga and the insurance compensation.
I just checked , most "folk king stool pick" analysts cease coverage on this Veryslow pending new development of the above issue !!

Posted by JuliusCeasar > 2021-06-27 14:43 | Report Abuse

MOST STOCKS IN KLSE WERE DOWN RECENTLY DUE TO UNCERTAINTY OF OUR POLITICALLY SURROUNDING......

THIS VALESTO STOCK COULD DOWN FURTHER..... THIS IS WHAT I THINK CURRENTLY.

The tendency to go down is much much higher despite there are good news that should lift up the VALESTO share price. Anyway this is my 2 cent opinion.

Posted by awesome20 > 2021-06-27 14:54 | Report Abuse

tomorrow skyrocket

Posted by JJchan > 2021-06-27 15:57 | Report Abuse

Any rally depends on a Single Spark. One Big fish suddenly jumps in and 20million ikan Bilis
will follow.----Now All Banker will hide under their Desk if you ask them to give a up-beat Tp.
But once Velesto Rally, these bankers will suddenly become "very Brave" shouting in All
Directions-----This is Stock Market-------10% Real 90% Con

Posted by Lewis Lee > 2021-06-28 13:48 | Report Abuse

The only hope for this "Veryslow" is when insurance company agrees to compensate them for sinked Naga ! It is a blessing in disguise !
According to one analyst's research, the compensation sum could be more than the sinked Naga's net book value (as the prudent management has been written off huge book value thru out the years) , if this happen , they will record huge "exceptional gain" on thier book value + huge cash from insurance could partly settle their outstanding loan liability or give them healthy cashflow to move forward !
Long term investors shall hold and wait for this good news to be released ! By that time then more analysts will start cover Veryslow and queueing up to raise TP to 0.40-0.50 (pre-pandemic average TP)

Posted by SinGor > 2021-06-28 15:43 | Report Abuse

DataPrep got nothing in their asset and yet reached 2.40 just 30days ago...My remisier said
Data just worth 20--30cents and not more

Posted by GuguGaga > 2021-06-28 17:35 | Report Abuse

How was the agm today? Any good news?

Posted by SinGor > 2021-06-29 12:55 | Report Abuse

JJ, raining everyday (mco), where got spark?

Posted by Macgyver11 > 2021-07-01 16:56 | Report Abuse

Wow! 16c..