Posted by pang72 > 2023-03-02 22:18 | Report Abuse

Market very bad, I kena burn today also..

Posted by calvintaneng > 2023-03-02 22:28 |

Post removed.Why?

Posted by DJThong > 2023-03-03 08:15 | Report Abuse

Calvin
How much losses you sit on from palm oil peak?
Dividend can cover?
Almost Easter still telling lie?
Your family already ok you loss so much on plantation ?

Posted by DJThong > 2023-03-03 08:15 | Report Abuse

Recover from buy call above 1.70?

Posted by Macgyver11 > 2023-03-03 08:27 | Report Abuse

Calvin talk nonsense..His aim is to pull the crowd toward plantation so that can earning money. Can't think about that, he is pastor but keep on manipulating people. Bplant also lingkup. Now going for privatisation.

Posted by 1pingpong > 2023-03-03 09:22 | Report Abuse

Velesto seems to be going sideways for a period of time if not further dip.

Posted by Macgyver11 > 2023-03-03 11:35 | Report Abuse

CIMB give TP 0.23. You see IB is keep on adjusting their tp target..later they will change opinion again and say tp 0.30c if velesto win any long term contract.

Posted by nicholas99 > 2023-03-03 11:38 | Report Abuse

yeah. meaning they dont look good velesto

Posted by SinGor > 2023-03-03 11:58 | Report Abuse

Kenanga makes 60% of their profit from making Big Bet on Stocks (on behalf of Big Institution like EPF, KWSP).
30% profit comes from Ikan Bilis margin accounts. So how can they Tell Bursa punters the Truth----SomeMore
give FREE stock TP. Who is paying RM5000 salary for their pasar malam analyst graduate????
Hello 99% of bankers TP are the SAME----vested interest

Posted by Expertise > 2023-03-03 12:18 | Report Abuse

Perhaps IB Won't look good, they won't work for free lunch la…keeps change TP..you think they just 1 counter to buy

Posted by SinGor > 2023-03-03 14:48 | Report Abuse

Top Energy Trader Expects Oil Prices To Enter The $90-$100 Range
By Tsvetana Paraskova - Feb 27, 2023, 8:21 AM CST

The CEO of Vitol Group believes oil prices could trade in the $90-$100 per barrel range in the second half of the year.
With oil demand set to rise by 2.2 million barrels per day this year while supply remains limited, there is a good chance of a price rally.
The Vitol Group has added its voice to a chorus of banks and analysts that see oil prices climbing toward the $100 mark in the second half of 2023.

Posted by matg > 2023-03-03 16:22 | Report Abuse

folo gann chart TP1 0.235 TP2 0.255 TP3 0.285 huhu

Posted by Bon888 > 2023-03-03 16:27 | Report Abuse

Congratulations for thus who sapu below 0.19!

Posted by matg > 2023-03-03 17:03 | Report Abuse

nice closing see on monday

Posted by kyliew > 2023-03-03 17:27 | Report Abuse

IBs playing the game of "now u see, now you don't"

Posted by Macgyver11 > 2023-03-03 22:00 | Report Abuse

Amanahraya recently launched shariah income fund with 500mil targeted for Y2023. Velesto top actives and good turn over shariah counter under this scheme. Amanah/pnb will make sure velesto heading towards correct direction. Hold tight.

Posted by pang72 > 2023-03-04 00:12 |

Post removed.Why?

Posted by pang72 > 2023-03-04 00:14 | Report Abuse

You said market is going to crash then buy plantation stock..
But, plantation stock is crashing too..

BTW, market crashing, please buy fix deposit then get dividend to play golf.
Sound good, right?

Posted by willc48 > 2023-03-04 09:36 | Report Abuse

Velesto needs to change the management

Posted by SinGor > 2023-03-04 10:46 | Report Abuse

Ah Pek selling vegetable cannot included in Velesto management. Almost all Velesto management are
from Petronas, Shell and Retired Ceo from O&G Co.
Oil price is most likely the only Factor keep pushing price up. If Velesto price breaks 30sens, most likely it
will march another 30--40sens Up bcos i see no other Goreng stock in Bursa except O&G counter for 2023.
Foreign Fund may comes in April and leave before Christmas----direct result from FED hiking Rate. Other
than this, i see Bursa trending Down. When the Whole Bursa looking at O&G only, Vol are bound to spike

Posted by WarrenBuffett8888 > 2023-03-04 17:21 | Report Abuse

wait u guys at 10c....this is pump and dumb counter....control by the greedy, selfish syndicate and IB....

Posted by kyliew > 2023-03-04 22:43 | Report Abuse

55 billion EPF payout thanks Velesto shareholders

Posted by kyliew > 2023-03-04 22:43 | Report Abuse

No ikan bilis how to make money in Bursa.

Posted by Macgyver11 > 2023-03-05 10:03 | Report Abuse

Warren Buffett and his team have put a boatload of the company's cash to work in energy stocks, too. Close to $30 billion combined has been spent purchasing shares of Chevron (CVX 1.48%) and Occidental Petroleum (OXY 1.63%). Chevron became a continuous holding during the fourth quarter of 2020, with Occidental common stock entering Berkshire's portfolio in the first quarter 2022

This sudden fascination with energy stocks is likely based on the belief that crude oil prices will remain elevated for years to come. Years of capital underinvestment tied to the COVID-19 pandemic, coupled with Russia's invasion of Ukraine, makes it unlikely that global crude oil supply can be meaningfully increased anytime soon. This cap on supply should help put a floor beneath crude oil prices and boost the profit potential of Chevron's and Occidental Petroleum's upstream drilling segments.

Posted by BobAxelrod33 > 2023-03-05 10:20 | Report Abuse

It's so foolish to compare Velesto as investment target with the likes of Chevron or Occidental.

Posted by kyliew > 2023-03-05 10:25 | Report Abuse

If no pump and dump how to pay dividend oh.... Someone need to sacrifice

Posted by BobAxelrod33 > 2023-03-05 10:44 | Report Abuse

#11 playing Santa Claus.....LOL

Posted by Lewis Lee > 2023-03-05 13:35 | Report Abuse

After reading those analysts reports, what I opined previously come true !
Crucial thing is whether they can win their rigs contract with higher charter rate ? At the current charter rate (ard usd 70k+) they are operating at loss or with peanut profit !
As most of their contract are with petronas , petronas has been squeezing them right left and centre with low charter rate !! (Market rate shall be at least usd 100k +)

Posted by Lewis Lee > 2023-03-05 13:39 | Report Abuse

“ Nonetheless, we believe VELESTO could still suffer from a high cost structure amidst supply chain disruptions. As such, we see successful renegotiation of contracts to higher charter rates as crucial for VELESTO to continue operating profitably.“

Posted by SinGor > 2023-03-05 15:12 | Report Abuse

some stock makes 100mil profit every Qr, but stock price gostan.
Very Stone no make money, if price goes Up 10% everyday next week so How?-----Sometimes( most of time) stock price move bcos of HOPE

Posted by kyliew > 2023-03-05 15:33 | Report Abuse

Haha just do "terbaik"

Posted by kyliew > 2023-03-05 15:33 | Report Abuse

Terbalik*

Posted by Lewis Lee > 2023-03-05 15:49 | Report Abuse

In that case need to be careful !
Very likely pump & dump operation by insiders to wallop retailers liao !
Everyday top 10 volume & recently their CEO talked up the share price !
Better play “hit & run “ style or else will be stuck for ages !!

Posted by SinGor > 2023-03-05 17:03 | Report Abuse

Hit & Run works if you are punching in the same weight class. Try punching a 800lb Gorilla, mosquito bite,
but when he punch you, you go flying across the room ( ah loong splashing red paint on your front door ).
If you are a Headless Chicken DonT buy. Just smoke something illegal and enjoy talking nonsense here

Posted by sgrs33 > 2023-03-05 20:50 | Report Abuse

guys and girls,4th quarter result was dissapointing, but 1st quarter remains unknown but looking at the volume after the big sell off last week it seems that it is slowly picking up again.4th quarter they may have projected all the expenses to it.as you all has noticed the big guns disposed 8 million shares subsequently prior a few days before the 4th quarter result announcement.so the question is whether they are buying back during this period or not ?whether velesto can break through the 30 cent barrier is can they secure higher rig prices and more contracts?if yes for those who hold will laugh all the way to the bank and if the opposite the titanic will come sailing in again.

Posted by Macgyver11 > 2023-03-05 20:55 |

Post removed.Why?

Posted by Macgyver11 > 2023-03-05 20:56 | Report Abuse

After announcing ambitious plans to cut emissions, BP, one of the world’s top crude producers, is now plowing more money into fossil fuels. Oil consumption is heading for a record this year, according to the International Energy Agency, which advises major economies. Supply — buffeted by Russia’s invasion of Ukraine, a slowdown in US shale growth and lackluster investment in production — can’t keep up.

It all comes down to China: The world’s second-biggest oil consumer is snapping up crude after reversing its strict Covid-19 policies. Against a backdrop of tight supply, the demand boost has everyone from Goldman Sachs Group Inc. to trading powerhouse Vitol Group predicting a rally to $100 a barrel later this year.

“The demand from China is very strong,” Amin Nasser, CEO of Saudi Aramco — the world’s biggest oil company — said in a March 1 interview in Riyadh.

By the second half of the year, analysts say, the market will face a shortage — a scenario that will loom over the industry leaders meeting this week in Houston for CERAWeek by S&P Global, a major annual energy conference.

Posted by Macgyver11 > 2023-03-05 21:00 | Report Abuse

It’s not just China. India and other countries across the Asia-Pacific region are consuming more oil as borders reopen, helping propel global demand to a record 101.9 million barrels a day this year and potentially plunging the market into a deficit by the second half, according to the IEA. Air traffic is recovering, boosting jet-fuel use. And the appetite for crude in the US and Europe has also rebounded.

The revival of international travel with China’s reemergence will be one of the “engines that will drive demand going forward,” Christopher Bake, a member of Vitol’s executive committee, said at the International Energy Week conference. “I think we’ll see that progress over the next few months.”

Supply is no match for the uptick in demand. Though Russia’s oil exports by sea remained resilient last month, market watchers are looking for signs of disruption after the European Union and the majority of Group of Seven nations banned waterborne imports of oil and fuel following the invasion of Ukraine. Russia’s shipments are under threat as India, a top buyer, faces mounting pressure from bankers to show that its cargoes comply with the $60-a-barrel price cap imposed by the G7.

OPEC, meanwhile, isn’t budging from the production targets it set back in October. Saudi Arabian Energy Minister Prince Abdulaziz bin Salman has said the targets will remain unchanged for the rest of the year.

Posted by Macgyver11 > 2023-03-05 21:02 | Report Abuse

And the US isn’t coming to the rescue. Output from shale basins is growing at a slower pace as producers run out of prime areas to drill. US production tumbled at the start of the pandemic and is still about 800,000 barrels a day below the record 13.1 million reached in early 2020. This year, growth is likely to be around 560,000 barrels a day, according to research firm Enverus.

The deceleration comes even as Exxon Mobil Corp., Chevron Corp. and their peers pump more oil from the Permian Basin of West Texas and New Mexico. Chevron CEO Mike Wirth told Bloomberg Television March 1 that global spare production capacity is tight and US shale supply growth is unlikely to make up the shortfall if demand picks up later this year, leaving OPEC as the world’s swing producer.

“As we get into the second half of this year the risks to the upside begin to accumulate,” Wirth said.

Potential headwinds for oil demand are lurking, however. Fears of a global recession are lingering as central banks tighten monetary policy in their quest to tackle inflation. Though Natasha Kaneva, JPMorgan’s global head of commodities research and strategy, is bullish on China’s crude consumption, she predicts the increase in prices could be a “very slow grind.”

Posted by Macgyver11 > 2023-03-05 21:05 | Report Abuse

In late February, some Wall Street analysts tempered their predictions of a price spike this year. Morgan Stanley cut its forecasts for the second half and softened its view that Brent crude will surge past $100 a barrel, while Bank of America Corp. says it sees less risk of a price jump due to the strength of oil flows from Russia. Brent, the global benchmark, traded near $85 a barrel on Friday.

Even so, analysts see crude prices advancing in the second half of the year, with many predicting a return to triple-digit levels for Brent for the first time since August. China’s reopening will strain global spare production capacity, sending prices to $100 a barrel in the fourth quarter as inventories decline and money supply stabilizes, Jeff Currie, Goldman’s head of commodities research, said in a Bloomberg Television interview March 1.

“As China comes back, we’re going to lose that spare capacity,” Currie said. “My confidence that we’ll see another price spike in the next 12-18 months is quite high.”

--With assistance from Alix Steel, Archie Hunter, Julia Fanzeres, Fahad Abuljadayel, Francine Lacqua, David Wethe and Kevin Crowley.

Posted by Michael Kwok > 2023-03-05 21:47 | Report Abuse

Please read.Hlg 28/2 say sell call,i say on 22/2/2023 sell call.
Sell velesto 24 cents
Tp below 18 cents
22/2/23 5.08pm

Posted by 5354_ > 2023-03-06 09:13 | Report Abuse

Who push up? PNB not selling meh?

Posted by Nepo > 2023-03-06 09:18 | Report Abuse

5 March 2023 7:54 GMT UPDATED 5 March 2023 7:54 GMT
By Xu Yihe in Houston
As supply gets tight, offshore contractors are trying to reactivate cold-stacked offshore rigs for charter even though the cost is high.

Since 2021, 25 jack-up rigs, three semi-submersibles and nine drillships have been brought back to life at a time when newbuilds are scarce.

A recent report by Westwood Global Energy estimated it could as much as $100 to reactivate a drillship, which would often require a multi-year contract with a dayrate high enough for a suitable return. Also, a drilling contractor might now have to wait as long as 18 months for a reactivation to be completed these days.

Posted by sylvester89 > 2023-03-06 09:41 | Report Abuse

See la backside itchy who goreng now who die LOL

Posted by Bon888 > 2023-03-06 10:18 | Report Abuse

So Michael did you bought back at 0.18 or you chicken out when saw the falling knife?

Posted by SinGor > 2023-03-06 10:47 | Report Abuse

donT worry he will buy when price reached 30sens

Posted by kyliew > 2023-03-06 11:04 | Report Abuse

Wah alrdy 0.235....that's how the syndicate playing. Company making losses also can up.

Posted by kyliew > 2023-03-06 11:05 | Report Abuse

Here no need fundamental... As long as syndicate has chosen, the share price can up one

Posted by kyliew > 2023-03-06 11:08 | Report Abuse

Luck, feeling - 2 winning factors in Bursa investment

Posted by nicholas99 > 2023-03-06 11:09 | Report Abuse

depend OPR 8/ 9 march