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
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.
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.
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.
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 )
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
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.
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.
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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kingJ
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Posted by kingJ > 2023-01-13 15:51 | Report Abuse
Looks like gonna have good news again