Posted by Macgyver11 > 2023-03-08 19:55 | Report Abuse

pang72

Macg, hv you sell your armada?

Disposed ready. Temporary i will stay away from Bumi Armada. Federal going to increase interest rate very soon. Armada loan mostly from oversea bank. Quite risky once the interest rate hike up. I will consider to buy unless price drop below 0.55. Play safe. Velesto safe...

Posted by pang72 > 2023-03-08 20:03 | Report Abuse

Macg,
Your concern is valid but armada cash flow is healthy for debt payment. I will still on hold armada in the mean time

Posted by Macgyver11 > 2023-03-08 20:28 | Report Abuse

Good luck.

Posted by SinGor > 2023-03-09 17:44 | Report Abuse

DonT know what AmanahRaya(pnb) is doing? Move left hand cards to Right Hand? Doesnt looks like Goreng,
more like children playing " masak kari"

Posted by blueblues > 2023-03-09 17:54 | Report Abuse

Since so many of you q sell at 0.265 meh, then I q 0.26 la, hopefully can reach

Posted by Expertise > 2023-03-09 18:12 | Report Abuse

ASB want paid dividend ke ?left to right auto

Posted by SinGor > 2023-03-09 19:01 | Report Abuse

Good to know "Godzilla" is stretching arms and Legs

Posted by Macgyver11 > 2023-03-09 21:27 | Report Abuse

I'm wondering how Amanah can earn profit just by doing transaction buy and sell 90,000,000mil shares on same day...if you observed carefully the number of shares held after the both transaction totally different...eeeeem!

Posted by Macgyver11 > 2023-03-09 21:34 | Report Abuse

I believed they also need to pay some brokerage fees for the transaction, nothing free mah in this world. I do rough calculation and find out that the brokerage fees for each transaction is about 120k...what this guy trying to do.

Posted by 08127059 > 2023-03-10 00:37 | Report Abuse

Manipulation at its best...share market is about manipulation...nobody will give you free money...some win some loose...the more volatile the market the more manipulation...

Posted by Income > 2023-03-10 02:59 | Report Abuse

Don’t simply follow people…
https://www.facebook.com/reel/1281938242437131?mibextid=0NULKw&fs=e&s=TIeQ9V

Posted by wallstreetrookieNEW > 2023-03-10 10:37 | Report Abuse

This stock is super manipulated right now. I remember when QR came out two weeks ago, all the news media including The Edge was singing about how bad the quarterly loss that Velesto suffered. And then, after the stock rebounded, FMT or whatever BS media said that Velesto is expected to recover its losses in the next QR. This enticed a lot of retail investors to buy in this Monday. Share price has been down ever since.

Posted by nicholas99 > 2023-03-10 10:39 | Report Abuse

no read news = invest blindly. quarter red also. how to fly.

Posted by wallstreetrookieNEW > 2023-03-10 10:49 | Report Abuse

Majority of retail investors bought in this Monday (6 March 2023) according to fund flow statistics by CGS-CIMB Securities Sdn Bhd

Posted by wallstreetrookieNEW > 2023-03-10 10:49 | Report Abuse

no wonder the share price is weak af for the past few days

Posted by miracle_trader > 2023-03-10 12:14 | Report Abuse

michael will come in saying his sell call 0.18 soon

Posted by Bon888 > 2023-03-10 14:00 | Report Abuse

I waiting at 0.17. Sell to me.

Posted by Expertise > 2023-03-10 14:55 | Report Abuse

You feel manipulate just convert to CFM lor….50% discount ,why still at here bluff

Posted by wallstreetrookieNEW > 2023-03-10 15:09 | Report Abuse

Posted by @Expertise

Stock: [LIONIND]: LION INDUSTRIES CORPORATION

2021-04-29 17:27 | Report Abuse

next tp 1.50 no problem

Posted by wallstreetrookieNEW > 2023-03-10 15:10 | Report Abuse

Posted by @Expertise

Stock: [VELESTO]: VELESTO ENERGY BERHAD

2022-08-30 12:15 | Report Abuse

luckily i sell all my share at 9cent.hope kenanga tp can reach or even lower

Posted by Expertise > 2023-03-10 15:17 | Report Abuse

This scumbag review history,buy share principle also dunno and act like so call guru….in love the counter forever?? Laughing stock..make my day

Posted by wallstreetrookieNEW > 2023-03-10 15:18 | Report Abuse

Yes, I do admit that I have a lot to learn from everyone, including you. Good luck

Posted by wallstreetrookieNEW > 2023-03-10 15:20 | Report Abuse

So, @Expertise, what do you think is the fair value for Velesto? After taking into account the NAGA 3 Rig you mentioned a few weeks ago.

Posted by Expertise > 2023-03-10 15:25 | Report Abuse

My 2 cents will hold 1 more quarter…with current volatile market … anything happen back to flat 20cts should …still trust in velestrong will double my capital with current price

Posted by Lewis Lee > 2023-03-10 15:28 | Report Abuse

dumping is coming !!

Posted by Heng Aik Jin > 2023-03-10 15:30 | Report Abuse

heavy selling at 0.22, who is buying ? =D

Posted by Lewis Lee > 2023-03-10 15:31 | Report Abuse

retailers are "trapped-buying" =D

Posted by Expertise > 2023-03-10 15:39 | Report Abuse

Asb to Asm again….haizz

Posted by nicholas99 > 2023-03-10 16:17 | Report Abuse

u turn..

Posted by loneranger3211 > 2023-03-10 16:19 | Report Abuse

Strange movement, I haven't buy yet

Posted by trade74 > 2023-03-10 16:24 | Report Abuse

Why big volume @0.22?

Posted by nicholas99 > 2023-03-10 16:25 | Report Abuse

Notice of Interest of Substantial Shareholders - AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM MALAYSIA on 09-Mar-2023
Disposed 90,000,000

Posted by BobAxelrod > 2023-03-10 16:28 | Report Abuse

Sin Kar Lan said, no problems he will sapu sapu that 90 million shares......LOL.

Posted by Lewis Lee > 2023-03-10 16:42 | Report Abuse

insiders walloped retailers now !!!!

Posted by matg > 2023-03-10 16:45 | Report Abuse

good job ASB taking profit.. hopefully more dividen next year

Posted by 08127059 > 2023-03-10 18:05 | Report Abuse

Manipulation at its best...all gov related comp are the same...

Posted by BobAxelrod > 2023-03-10 18:15 |

Post removed.Why?

Posted by BobAxelrod > 2023-03-10 19:55 | Report Abuse

Who is the one laughing last now...??



Posted by SinGor > 4 days ago | Report Abuse
donT worry he will buy when price reached 30sens


Posted by SinGor > 4 days ago | Report Abuse
missed Genting Bus, all cursing at Genting Bus stop. Can take Taxi mah!!. After arrived 30sen, lagi cursing


Posted by SinGor > 4 days ago | Report Abuse
wah, didnt know so many people missed the Genting Bus....all talking deliriously, some banging their head on
Lamp post


Posted by SinGor > 4 days ago | Report Abuse
Looks like tomolo also 10% UP------26.5sens


Posted by SinGor > 4 days ago | Report Abuse
27.5 is peak and breaching 27.5 means Velesto is in super Bull Mood Or no mood to Talk, just Charge

Posted by wallstreetrookieNEW > 2023-03-10 20:51 | Report Abuse

@BobAxelrod

Velesto's SP shouldn't really drop today. The movement today was a direct result of the plummet in Dow Index without any change in fundamentals.

Posted by BobAxelrod > 2023-03-10 20:59 |

Post removed.Why?

Posted by Macgyver11 > 2023-03-10 21:51 | Report Abuse

We remain optimistic on Velesto Energy (Velesto) given a tightening rig market. As of January 2023, marketed utilization rate stood at 91% which is near the peak of previous cycle.
Note that Petronas has approved a revised rate for Velesto’s jack-up rig effective March 2023. We believe this will offset against the impact of rising opex and thus pushing the company back into profitability beginning 1Q23.
Following recent stock price weakness, we upgrade Velesto to a BUY with unchanged TP of RM0.30 pegged at 1x P/B to FY23F.
Rig Market is Getting Tighter

Velesto remains optimistic with its business outlook amidst a tighter rig market. As of January 2023, there were 393 contracted rigs versus marketed supply of 431 rigs. This implies marketed utilisation rate (i.e., sector utilisation rate) of 91% which is near the peak of the previous cycle of 94% in 2013 (Chart 3). This is driven by limited supply of rigs (which involved scrapping of old rigs) and rising demand. According to management, newbuilding of rigs by competitor remains muted at the moment. As such, we think market condition will not ease significantly in the near future.

Posted by Lewis Lee > 2023-03-11 10:50 | Report Abuse

BIMB is the most optimistic on "very slow", even when its price trading at 8cts, they also gave TP 30cts !!
most IBs gave ard TP 20cts only !!

Posted by kyliew > 2023-03-11 11:21 | Report Abuse

Bimb at 10 Yr historical low

Posted by willc48 > 2023-03-11 12:00 | Report Abuse

Veletos is just a BS company as long the same management is there.

Posted by Macgyver11 > 2023-03-11 13:44 | Report Abuse

Forget about what bimb said. Don't bother either it's bs company or bumi company whatever etc etc. The important is Petronas agreed to revised DCR this year and next year. The DC Rate might increase up to usd90k to 100k in daily basis, perhaps more. This will give positive earning in up coming month..confirm. Any new contract that Velesto receive this year onward will be revised DCR price. Utilization rate already exceed 90% another positive sign. In 2019 Velesto in same position as today (pls go and refer back 2019 records). Not only Velesto but most of the rigs service companies will benefit from this (except sapura - sapura suffering from high debt., all the IB chasing them not good). Velesto clean balance sheet and debt manageable. Focus on investment, do your own research. If think velesto is not good then go to other counters (if there's any at this current economic situation). Don't blame others in this blog. Be responsible on your own act. No point pointing fingers to other when price drop. When price shot up everybody in this blog turns hero. TP rm 1.00 lah 2.00 lah. Price go down cursed people. This is karma not good. I still believed velesto in right track.

Posted by 08127059 > 2023-03-11 17:07 | Report Abuse

Right track to holland...!

Posted by Macgyver11 > 2023-03-11 18:30 | Report Abuse

Correct just add "y" and change it to right track to holyland (prosperity land)...hahaha! Lol

Posted by SinGor > 2023-03-12 10:15 | Report Abuse

Monday if SAP goes 30sens limit-Up., Velesto should hit above 30sens. 1.80bil cash injection into SAP
is big news

Posted by Macgyver11 > 2023-03-12 10:40 | Report Abuse

Now only usa federal realised the out come of interest rate increased. More and more banks going to close shop. They might stop the interest rate and help to bailout those banks in financial problem. If this happens then ressession likely will be contain...

The Federal Reserve Board of Governors announced that it will hold an emergency closed-door meeting under expedited procedures at 11:30 a.m. on March 13, 2023.

Matters to be considered at the emergency meeting will be: "Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks."

It is likely that the sudden collapse and FDIC seizure of SVB Financial Group (SIVB) on Friday is driving the expedited Fed meeting.



SVB was the largest bank failure since the 2008 financial crisis. Its collapse has sent shockwaves throughout the banking system. The status of billions of dollars of uninsured deposits is unknown heading into Monday.

Posted by Macgyver11 > 2023-03-12 10:42 | Report Abuse

# recession