Posted by Macgyver11 > 2023-01-13 16:25 | Report Abuse

And another new contract announcement

Posted by SinGor > 2023-01-13 17:46 | Report Abuse

Today 63m Vol. is a Small push. Usually Big push is around 300--500mil. Thats when All the Syndicate decided
to jump in. Should happen next week, any Big Vol for 3 days in a Roll means 2023 is a very Good year for
Velesto

Posted by Macgyver11 > 2023-01-14 06:55 | Report Abuse

Expected brent closed at usd 85+. Next week can hit usd 90.

Posted by WEIMEY > 2023-01-15 09:00 | Report Abuse

those who follow my buy call last year, today, you can definitely laugh to the bank. Have a huat huat year!

Posted by Lewis Lee > 2023-01-15 13:06 | Report Abuse

This weekend the edge just have an interview and publicity with Velesto s boss , looks like sth is brewing ….

Posted by zeroknowledge420 > 2023-01-16 09:25 | Report Abuse

vol coming..huat ah

Posted by Lewis Lee > 2023-01-16 11:11 | Report Abuse

heavy buying volume !! 18 ct all sapu habis habis in second !!!

Posted by EAGLE > 2023-01-16 11:28 | Report Abuse

Fly away

Posted by zeroknowledge420 > 2023-01-16 12:36 | Report Abuse

need more volume..let's see evening session

Posted by Macgyver11 > 2023-01-16 15:25 | Report Abuse

Shouldn't be cny rally, others O&G counters sleeping. Must be some good announcement soon. Volume increasing daily..

Posted by Lewis Lee > 2023-01-16 15:51 | Report Abuse

In the latest The edge report, the CEO said the next 3 years Velesto will be in the cyclical growth !!

Posted by zeroknowledge420 > 2023-01-16 16:20 | Report Abuse

someone/institutions try hard to make sure the price goes steadily instead of shooting.

Posted by Suriyan > 2023-01-16 17:42 | Report Abuse

Slow and steady wins the race!

Posted by Macgyver11 > 2023-01-16 18:17 | Report Abuse

Oil price could move higher soon. In conjunction with CNY festival and China fully open, people will travel more either by cars or planes. Today oil price floating around usd84 bcoz traders take profit. Expected will reach usd 90 by end of next week.

Posted by Macgyver11 > 2023-01-16 18:21 | Report Abuse

Now Velesto got only 2 solid contracts the rest from Petronas based on umbrella contract. I believed one more contract pending to announce this year, maybe anytime soon. Lets hope for good beginning.

Posted by SinGor > 2023-01-18 11:20 | Report Abuse

0.185--0.190 today is Good. Then another 2 Days to push to 0.200

Posted by Lewis Lee > 2023-01-18 13:57 | Report Abuse

Very strong buying support !!

Posted by ncy810116 > 2023-01-18 15:25 | Report Abuse

It's time to return to pre-covid pricing...

Posted by Lewis Lee > 2023-01-18 16:38 | Report Abuse

20ct surely can be reached before CNY ! After that TP 30 ct coming !!

Posted by BLITZRIEG > 2023-01-18 16:45 | Report Abuse

You all are awsome.....nice job

Posted by zeroknowledge420 > 2023-01-18 17:58 | Report Abuse

that candlestick worries me tho. selling pressure is quite high at 0.19-0.195, which is a strong resistance are. Maybe we'll see some pullback.

Posted by SinGor > 2023-01-18 17:59 | Report Abuse

China Jet Fuel demand will be Humongous for CNY. This will surely push Oil above $90 in short term

Posted by zeroknowledge420 > 2023-01-18 18:02 | Report Abuse

don't see much relation between oil price to share price since velesto only set fixed price for rigging works which predetermined before the project. and compare to the peer counters, velesto's price is like the lowest.

Posted by SinGor > 2023-01-18 18:16 | Report Abuse

Oil price affect Trading Sentiment. Day-rate predicts Velesto Profit margin. If Oil price keeps falling, 2015
Velesto price crushed will repeat. ( RM4.20 to 0.16 ---A ridiculous plunged ) If Oil keeps raising to Rm140,
sooner or Later Velesto will retrace previous Price or go Higher ( who knows )

Posted by Macgyver11 > 2023-01-18 19:09 | Report Abuse

Naik pun complaint tak naik pun complaint...apa la you orang ni..tiam2 ambil profit lah..

Posted by kingJ > 2023-01-18 21:05 | Report Abuse

Anyone knows how many contracts are maturing this year? New contracts price should be like triple of the old ones, so hold on.

Posted by SinGor > 2023-01-19 09:40 | Report Abuse

2022 Contracts are mostly 3 months Old. I predicted when New Contracts start to build into Earning in "even"
in 4Q22, results will surprise most people. Velesto cannot command a Huge Profit from 2019--22 bcos Petronas never give a contract more than 6 months ( Start - Stop- move Rigs will take 2--3months---How to make Good Earnings Report?? )

Now Petronas give 2 "Continuous Year Contract " ( no more start -Stop ). I will be very surprise if Velesto cannot
announce 40million profit per Quarter in 2023

Posted by matg > 2023-01-19 10:07 | Report Abuse

brewing TP1 0.23

Posted by StayHumble > 2023-01-19 10:17 | Report Abuse

30c minimum

Posted by EAGLE > 2023-01-19 10:33 | Report Abuse

Cepat2 take profit.

Posted by Lewis Lee > 2023-01-19 10:52 | Report Abuse

Going to be top volume no 1 today !!

Posted by zeroknowledge420 > 2023-01-19 12:17 | Report Abuse

Less activity today since The Yankees were disappointing last night. Can't get pass the DT line..and everyone is waiting for the BNM's decision on OPR.

Posted by zeroknowledge420 > 2023-01-19 12:35 | Report Abuse

ending the 1st half on a good note

Posted by Expertise > 2023-01-19 14:47 | Report Abuse

Rdy rdy

Posted by Mat Trader > 2023-01-19 14:49 | Report Abuse

break 20c

Posted by Khoo TP > 2023-01-19 15:02 | Report Abuse

huge volume pending to sale on 20c

Posted by Expertise > 2023-01-19 15:16 | Report Abuse

You sure or not huge volume …50m just a peanut volume @khoo TP

Posted by zeroknowledge420 > 2023-01-19 15:19 | Report Abuse

OPR stays at 2.75..hopefully this is another good sentiment to the market

Posted by specializedvenge > 2023-01-19 15:22 | Report Abuse

Worth holding 2years

Posted by Bon888 > 2023-01-19 15:40 | Report Abuse

Wow wow wow. Highest in 2 years. Congratulations to all!!

Posted by Khoo TP > 2023-01-19 15:45 | Report Abuse

lol, still got many that you can't see behind, hope can break 20c resistance today la

Posted by goldenhope > 2023-01-19 15:56 | Report Abuse

Target 25 sen ?

Posted by stocktrading88 > 2023-01-19 16:35 | Report Abuse

solid

Posted by obakh222 > 2023-01-19 16:51 | Report Abuse

"Worth holding 2years" very der true

Posted by Macgyver11 > 2023-01-19 17:26 | Report Abuse

Yup! worth holding 2 years. Today I sell some to TP...don't want to take risks. Balance I still hold and see what is the max new high velesto can go...happy finally.

Posted by Macgyver11 > 2023-01-19 17:26 | Report Abuse

Yup! worth holding 2 years. Today I sell some to TP...don't want to take risks. Balance I still hold and see what is the max new high velesto can go...happy finally.

Posted by Macgyver11 > 2023-01-19 17:27 | Report Abuse

The worse is over for velesto...

Posted by merovingian > 2023-01-19 17:32 | Report Abuse

But why did it actually fall all those years back? Anyone know a little bit of history on this counter? During 2015 era.

Posted by Macgyver11 > 2023-01-19 18:06 | Report Abuse

All bcoz of oil price. If Oil price drop means rigs renting price also will plunged down and big oil firm either our local or international not interested to give new contracts or they might not extend the existing contract. Low renting price mean their operating cost will go up and eventually reflect in earning.

Posted by SinGor > 2023-01-19 18:12 | Report Abuse

Breaking 20cents with ease usually indicate Bankers are in Full support Or Syndicate want a piece of the Pie.
If Bankers come in and revise their TP, it means vested interest parties are in. I think it is easy for Bankers to
come up with a Higher TP bcos their last TP was based on the lowest possible return.