Posted by Ninja _07 > 2023-02-24 11:16 | Report Abuse

Michael Kwok Sell velesto 24 cents
Tp below 18 cents
22/2/23 5.08pm

Michael Kwok must be banging his balls now...

Posted by Bon888 > 2023-02-24 12:18 | Report Abuse

Don't bang your balls, just re enter. The outlook is so optimistic why pancuk so early? Sell it when the situation turned bad ma.

Ignore thus old man keep worry about global oil price. It drop below USD 70 baru kita jual lah. Worry this worry that put money in FD better.

Posted by Macgyver11 > 2023-02-24 13:37 | Report Abuse

Bumi Armada posted net profit of 210mil. Solid profit for this fpso player. Can velesto do it the same?
Let wait and see the qtr result...

Posted by Bon888 > 2023-02-24 13:56 | Report Abuse

This quarter confirm better than last one. Next quarter confirm better than this quarter. No need to worry.

Posted by SinGor > 2023-02-24 14:01 | Report Abuse

Armada Biz scope is similar to SAP but completely different if compare to Velesto

Posted by Eric Lim > 2023-02-24 14:06 | Report Abuse

Armada's business now focus on FPSO, should compare with Yinson, not Sapura

Posted by SinGor > 2023-02-24 15:27 | Report Abuse

I thought syndicate will push Velesto to 30sens this week but since today is Friday, And slightly over one hour
left, i take 29sens anyway........hahaha

Posted by Expertise > 2023-02-24 15:38 | Report Abuse

Walaoeh must be north QOQ…can’t wait for Monday show

Posted by Bon888 > 2023-02-24 15:39 | Report Abuse

To the moon !

Posted by Expertise > 2023-02-24 15:40 | Report Abuse

EMA 15 touch see you 3 next 4

Posted by EAGLE > 2023-02-24 16:31 | Report Abuse

Fireworks vol so high

Posted by Ninja _07 > 2023-02-24 16:34 | Report Abuse

Congratulations to all traders ... Better cabut now when its flying high!

Michael Kwok sudah masuk gua kah. wakakakakakaka

Posted by Bon888 > 2023-02-24 16:36 | Report Abuse

Hahaha someone's balls knocking each other now.

Posted by mfa359 > 2023-02-24 16:49 | Report Abuse

i sold all

Posted by weming > 2023-02-24 16:50 | Report Abuse

Congrats all~ next TP 0.3

Posted by ncy810116 > 2023-02-24 16:52 | Report Abuse

Nice....

Posted by obakh222 > 2023-02-24 17:52 | Report Abuse

first wanna sell 22c tak jadi, then sell 26c tak jadi, then 27c just now cancelll tak jadi jual. Nanti nanti la jual.

Posted by Hop333 > 2023-02-24 19:12 | Report Abuse

Lol, Michael will come out after it drops.. no worries..

Posted by Raja Nor GC > 2023-02-24 22:19 | Report Abuse

https://www.nst.com.my/business/2023/02/883013/petronas-spend-least-rm300bil-capex-over-five-years

Posted by Ninja _07 > 2023-02-25 10:05 | Report Abuse

Michael Kwok

Sell velesto 24 cents
Tp below 18 cents


Michael Kwok already kokok

Posted by SinGor > 2023-02-25 10:41 | Report Abuse

I spend most attention on SAP & Velesto bcos Petronas is going to spend atleast 30bil / year for next 5years.
The reason is very, very simple. First thing first you Must has EXTRA Oil from Oil Wells to kick start All other supporting Equipment Supplier like platform, Tug Boat, Connecting piping. No extra Oil from Ground, just Talk Cock. So Jack-Up Rig is Most important, no other equipment comes First.....Think about it~!

Posted by Eric Lim > 2023-02-25 12:27 | Report Abuse

TP for velesto is RM1.00, gogogo

Posted by charlie chia > 2023-02-25 12:34 | Report Abuse

Wah so ambitious

Posted by IronShirt > 2023-02-25 15:01 | Report Abuse

goreng whole 2023 maybe arrived RM1.00

Posted by Lewis Lee > 2023-02-26 18:26 | Report Abuse

This weekend The Edge reports that O&G is just at the start of an up cycle ! As oil majors will spend further on capes ! So sit tight and enjoy the ride !

Posted by sgrs33 > 2023-02-26 21:22 | Report Abuse

guys quarterly report due in a few days.hope for the best and hope it move up to 30 cents.best of luck to everyone who has velesto shares

Posted by randy793 > 2023-02-27 13:37 | Report Abuse

michael kwok got inspired from kenanga's self glory of 16 cts TP. kenanga analyst boosted himself in dec 22 that he got the rite timing. that got many to sell based on their call.

Posted by weming > 2023-02-27 14:53 | Report Abuse

afternoon pump !!

Posted by EAGLE > 2023-02-27 15:02 | Report Abuse

Up up up

Posted by specializedvenge > 2023-02-27 17:01 | Report Abuse

Hopefully qr eps 0.4

Posted by ncy810116 > 2023-02-27 18:39 | Report Abuse

in red.

Posted by specializedvenge > 2023-02-27 18:44 | Report Abuse

What song to play for tomorrow morning?

Posted by serpent100 > 2023-02-27 19:00 | Report Abuse

Alamak

Posted by sgrs33 > 2023-02-27 19:48 | Report Abuse

suprised to see fourth quarter lose 10 million.thought a minor lost in profit but its not looking good for tomorrow however may see a turn around in first quarter report in may 23

Posted by willc48 > 2023-02-27 20:57 | Report Abuse

velesto still managed by bumi. when is this ex UMW oil

Posted by Macgyver11 > 2023-02-27 21:01 | Report Abuse

Win meh..ayo! Gua pun sdh beli banyak lor. Mati lah besok. Wonder lah why this Yayasan and PNB selling. But I knew it going to be qtr loss bcoz only two rigs booking long term contract the rest is still idle.

pang72

Macgyver11

2,003 posts

Posted by Macgyver11 > 5 days ago | Report Abuse

Kasi turun kasi lagi sikit...23c

YOU WIN LIAO... LO..
23C SHLD COME TMR!

Posted by speakup > 2023-02-27 21:05 | Report Abuse

Aduh! big loss

Posted by Macgyver11 > 2023-02-27 21:05 | Report Abuse

Those guys who perli Michael kwok besok mesti kena kaw2 punya...ninja turtle tarak keluar satu minggu..kikiki

Posted by willc48 > 2023-02-27 21:07 | Report Abuse

change all the malay mgmt team with a new multi racial team

Posted by Macgyver11 > 2023-02-27 21:26 | Report Abuse

KUALA LUMPUR (Feb 27): Velesto Energy Bhd posted a net loss of RM26 million for the fourth quarter ended Dec 31, 2022 (4QFY2022), versus a net profit of RM5.43 million a year ago, as the bottom line was hit by higher operating expenses, finance costs and taxation.

Operating expenses at RM244.35 million surpassed revenue of RM243.07 million, resulting in a RM1.11 million loss from operations, according to the group's Bursa Malaysia filing.

Adding salt to the wound was higher finance costs of RM10.4 million, from RM8.52 million in 4QFY2021, as well as taxation of RM15.21 million versus a RM696,000 over-provision of tax previously.

The quarterly revenue of RM243.07 million is 53% higher than the RM158.48 million reported for 4QFY2021, driven by higher utilisation of the group’s jack-up drilling rigs.

On a segmental basis, the group’s profitability was dragged down mainly by its workover services.

Velesto owns and operates a fleet of modular and versatile workover units that are meant for well intervention operations located either on small satellite jackets or large integrated platforms. These hydraulic-driven workover units with high pulling capacities are capable of performing a wide range of workover services.

Velesto said its integrated services segment — which houses the workover services — recorded a bigger quarterly loss before tax of RM13.9 million, compared with RM1.8 million in 4QFY2021, no thanks to a one-off RM11.7 million cost incurred due to unanticipated changes to work programme, prolonged wait on weather period during the demobilisation, and adjustment of inventories.

For FY2022 as a whole, net loss widened to RM100.4 million from RM90.82 million in FY2021, as revenue grew 54% to RM580.85 million from RM377.51 million.

Going forward, Velesto said the positive outlook in the global oil and gas industry augurs well for its financial performance in FY2023, which is expected to be “better than that of the preceding year”.

“The oil and gas outlook remains strong. The benchmark Brent oil price is expected to remain above US$80 per barrel in the medium term,” it said, adding that the group will continue to bid for new jobs for this year and next year.

Shares of Velesto, which has appreciated 83% since the beginning of the year, closed unchanged at 27.5 sen on Monday (Feb 27), giving the group a market capitalisation of RM2.26 billion

Posted by Macgyver11 > 2023-02-27 21:30 | Report Abuse

ni pu...dek everytime when qtr loss said the same things

"Going forward, positive outlook"

Posted by Hop333 > 2023-02-27 21:33 | Report Abuse

23c tomorrow!

Posted by Lewis Lee > 2023-02-27 21:34 | Report Abuse

Really PKM punya company !
They should have sold all their rigs for cash & distribute to all shareholders better !!

Posted by Expertise > 2023-02-27 21:44 | Report Abuse

Really tokong that cost of operating..walamak higher than revenue…is meaningless for posting highest revenue of fy22

Posted by obakh222 > 2023-02-27 21:46 | Report Abuse

sell tommorow lah

Posted by mfa359 > 2023-02-27 22:10 | Report Abuse

even without qr u can tell sell when it hit 0.27. basic ta

Posted by Hop333 > 2023-02-27 22:38 | Report Abuse

Expectation for good QR is too high

Posted by Bon888 > 2023-02-27 22:50 | Report Abuse

Hahaha really dramatic QR result. Adjustment is unavoidable.

Hope able to collect back some tickets at lower price.

Posted by Hop333 > 2023-02-27 22:54 | Report Abuse

Come come..... 0.20.. Im waiting :D

Posted by kyliew > 2023-02-27 23:01 | Report Abuse

Habis..... BabiQ ler.....