Posted by nicholas99 > 2023-03-27 12:05 | Report Abuse

pang gor. sin kar lan gor. bob gor.

Posted by Bon888 > 2023-03-27 12:15 | Report Abuse

This should be the best year for Velesto since change name from UMW OnG to Velesto.

Still can't make money this year, can sink all the Nagas and fire all the top management.

Posted by Macgyver11 > 2023-03-27 12:28 | Report Abuse

Manulife wins most top categories in bursa award recently.....

Manulife Investment Management (M) Bhd had one of its best years at the Refinitiv Lipper Fund Awards 2023. The firm clinched three group awards — Best Equity Group (Malaysia), Best Mixed Assets Group (Islamic) and Best Bond Group (Provident) — and bagged five fund awards.

The winning funds were in Lipper’s Conventional universe and Islamic universe. The firm clinched the awards for Best Equity Malaysia in the three-year category, Best Equity Malaysia Small & Mid Cap in the three- and 10-year categories and Best Mixed Asset MYR Flexible in the 10-year category.

Posted by Macgyver11 > 2023-03-27 12:30 | Report Abuse

Among five favourite stock for Manulife this year as below:-

The top five holdings of the fund were Dayang Enterprise Holdings Bhd (3.6%), Bank Islam Malaysia Bhd (3.1%), Padini Holdings Bhd (3.1%), Velesto Energy Bhd (3%) and Genetec Technology Bhd (2.9%).

Posted by Macgyver11 > 2023-03-27 12:34 | Report Abuse

Manulife one of the best fund manager that select carefully what they invest. They won't invest blindly unless there's good return in the stock that they holding. Let's hope for best..

Posted by Macgyver11 > 2023-03-27 12:39 | Report Abuse

Sorry not bursa, refinitiv lipper fund award

Posted by BobAxelrod33 > 2023-03-27 12:47 | Report Abuse

MacG kena hit on his heat by Velesto rusty nails, anchor and rotting rubbish....cannot help himself anymore.

Posted by Macgyver11 > 2023-03-27 13:12 | Report Abuse

Hahaha. Tq. Those not interested better leave I suggest. Why you wasting time here as I believed you are professional investor. Normally professional investor won't wasting time putting negative comments....bcoz time is gold. Data speak loud.



BobAxelrod33

MacG kena hit on his heat by Velesto rusty nails, anchor and rotting rubbish....cannot help himself anymore.

Posted by Macgyver11 > 2023-03-27 13:14 | Report Abuse

I earned tons of money from velesto in previous trading...otherwise I wont here for what wasting time if there's no future in stock we hold...

Posted by Macgyver11 > 2023-03-28 06:09 | Report Abuse

Wow! Brent usd77+. Couldn't believe it. Usd80 reachable.

Posted by Macgyver11 > 2023-03-28 06:24 | Report Abuse

US14 bil deal signed in O&G?
See if oil future is uncertain, they won't invest such a hugh fund into o&g field. Yesterday Saudi Aramco said they will invest 10bil in Chinese refinery plant. Today Brookfield.

As oil sector deal-making starts to show signs of recovery, Brookfield Renewable Partners will acquire Australia’s Origin Energy utility for over $10 billion, while the Permian basin has scored another victory with a $1.45-billion asset sale.

On Monday, a consortium led by Brookfield said it had agreed to acquire Origin (OTCPK:OGFGF) in a $12.4-billion deal, including debt.

Posted by Macgyver11 > 2023-03-28 06:35 | Report Abuse

It's time to refill the SPR. Once this guy start to refill the SPR, it will trigger the oil price higher. Selling SPR is the biggest mistake that Joe Biden done, Saudi already warned him...

There is a narrative that I hear from time to time that President Biden made billions of dollars for the country by selling oil from the Strategic Petroleum Reserve (SPR) last year at high prices and buying it back at low prices. The only problem is that the story is only half true.

The Biden Administration did indeed sell a lot of oil from the SPR last year. Further, oil prices in 2022 were the highest they had been in years, averaging nearly $95 a barrel — the highest level since 2013.

However, the Biden Administration hasn’t bought back any of the 266 million barrels of oil that have been removed from the SPR since his inauguration. If Biden wants to legitimately receive credit for successfully playing as an oil speculator, then he needs to put the oil back. Right now, all he has done is deplete oil reserves that were built up under several previous administrations (Democratic and Republican).

Previously, the Biden Administration had resisted calls to refill the SPR, citing high prices. In October, with oil prices still above $80, the administration announced it would set up a process to refill the SPR when oil was priced between $67 and $72 a barrel.

As Bloomberg energy and commodities columnist Javier Blas pointed out on Twitter, the entire futures curve for West Texas Intermediate (WTI) is now below that range:

“The whole WTI futures curve is now below the bottom range of $67-$72 a barrel given by the White House to buy crude for the SPR. That’s the **whole curve, including the contract for immediate delivery**. Let’s see if the Biden administration pulls the trigger.”

Of course, the public loves low oil prices. Last year’s massive SPR release probably helped arrest the spike in oil prices. The risk of buying back that oil is that oil prices may stop falling.

But, not refilling the SPR leaves the U.S. with a significantly lower insurance policy against any oil supply disruptions. This would seem to be an opportune time to put at least some oil back into the SPR, while claiming credit for selling high and buying low.

Posted by EAGLE > 2023-03-28 16:49 | Report Abuse

Goreng 2nd round?

Posted by pang72 > 2023-03-29 09:36 | Report Abuse

....yes, oil rebound...
2nd round is imminent

Posted by pang72 > 2023-03-29 09:41 | Report Abuse

Let's dig more oil to counter EV car..

Haha..

The battle of EV car vs combustion engine car..

Posted by pang72 > 2023-03-29 10:07 | Report Abuse

Hiding behind president Putin for oil and PNB in VELESTO shld able to save my backside being burn in crisis time

Posted by Bon888 > 2023-03-29 10:11 | Report Abuse

OnG industry is booming now. Once in a decade opportunity, don't missed it!

Posted by pang72 > 2023-03-29 12:34 | Report Abuse

Okok...
Booming...

Posted by EAGLE > 2023-03-29 12:35 | Report Abuse

Up up up banking crisis no more

Posted by pang72 > 2023-03-29 13:14 | Report Abuse

https://www.sinchew.com.my/20230329/%e5%8d%8a%e6%97%a5%e9%a9%ac%e8%82%a1-109/

Macam Betul wo..
Bank and oil up...

Posted by Expertise > 2023-03-29 13:28 | Report Abuse

Can or not booming….

Posted by Nickhii90 > 2023-03-29 13:35 | Report Abuse

this counter lack of volume...when sharks can come in? =D

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

Based on SAP results ( today) on its Drilling Rigs earnings, i found SAP Rigs earns about RM3.0 Mil per Rig
MORE than Velesto. Next time you heard " kita sama, sama Melayu cincai, cincai boleh lah ", you RUN
away as fast as possible. Petronas is a bloody vampire ( all 11 Sap rigs operate Outside Malaysia )

Posted by Bon888 > 2023-03-30 19:58 | Report Abuse

Is OK, we wait patiently.

Next quarter you will see a totally different picture. Share price will hit 0.40 and above.

Posted by Macgyver11 > 2023-03-30 21:19 | Report Abuse

https://oilprice.com/Energy/Energy-General/The-Price-Of-Heavy-Crude-Oil-Is-Climbing.html

Posted by Macgyver11 > 2023-03-30 21:24 | Report Abuse

More bullish factors have lined up for heavy crude prices, too, including the end of maintenance season in the United States, which would mean a rise in demand heavy crude grades. Another bullish factor is limited supply from Venezuela and Ecuador, according to Bloomberg’s sources.

Venezuela’s oil exports have shrunk considerably as the government investigated unpaid oil delivery bills and Ecuador recently had to reduce production amid anti-industry protests in several communities from oil-producing parts of the country.

The protests prompted state-owned Petroecuador to declare force majeure on production from these regions, reducing the available amount of heavy crude.

The new refinery, located in the southern Chinese province of Guangdong, is currently ramping up, after trial runs last year. At capacity, the refinery will be able to process 400,000 barrels of crude daily. It can run on heavy crude only.

Exxon is among the investors in the mega-refinery project as part of its strategy to expand its global chemicals manufacturing capacity.

Posted by Macgyver11 > 2023-04-02 20:33 | Report Abuse

Calvin, Either you're in wrong blog or just wake up from coma. If you want to talk about tsh go to tsh blog lah. Solid rock your head man.

Posted by Macgyver11 > 2023-04-02 21:44 | Report Abuse

So what. Of course they need to disposed some shares lah. Cannot be always buy mah or hold only, they also need to make some money to pay their shareholders. Amanah raya Malaysia under PNB lah..you don't know meh. Recently PNB announced dividend payout 1.64bil. Just change hand only, right to left or else who want to buy such hugh amount in open market. You don't know how to pull the crowd to tsh, now you create story to tarnish this counter. Come on lah remember you are pastor...you mind and soul must clean don't be dirty mindset.

Posted by Macgyver11 > 2023-04-02 21:51 | Report Abuse

PNB still the major shareholder. Unless PNB dumping then something wrong. Now no need to worried. Why don't you ask PNB boss to buy your solid counter(TSH)...hahaha!

Posted by Macgyver11 > 2023-04-02 22:04 | Report Abuse

Oil closed usd79.95/ barrel last week. Another plus point for velesto. Let see what's oil price performance on Monday.

Posted by Macgyver11 > 2023-04-03 09:31 | Report Abuse

Brent usd 84. OPEC makes another output cut next month onward..

Posted by Bon888 > 2023-04-03 19:30 | Report Abuse

PNB fund manager please start goreng, baru ada lah duit raya untuk raya celebration. Big green packet ya!

Posted by success2628 > 2023-04-04 07:14 |

Post removed.Why?

Posted by success2628 > 2023-04-04 08:00 | Report Abuse

Oil prices surge after OPEC’s surprise output cuts

https://www.aljazeera.com/amp/economy/2023/4/3/oil-prices-surge-after-opecs-surprise-output-cuts

Price jump comes after news oil producers will slash output by about 1.16 million barrels per day.

Oil prices have surged after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data had boosted market optimism.
Brent oil futures jumped $4.30 to $84.19 a barrel on news output would be cut by about 1.16 million barrels per day, while US crude climbed $4.17 to $79.84.
The change comes before a virtual meeting of an OPEC+ ministerial panel, which includes Saudi Arabia and Russia.

Posted by Macgyver11 > 2023-04-04 08:11 | Report Abuse

success2628Walaoeh, Oil price spike up Like mad !
Brent closed at=> $84.93 +5.04 +6.31%

Waa! So long didn't hear from you success

Posted by SinGor > 2023-04-04 16:25 | Report Abuse

April is always a dull month bcos most Co. Dividend are paid out in May ( different in West, May run away bcos
Summer Vacation ) Most likely see Velesto Back to 30cents in End April / May bcos of Oil Price

Posted by Macgyver11 > 2023-04-05 08:08 | Report Abuse

OPEC output cut plus depleted in crude oil inventory will worsen more the situations. This can easily push up the oil price back to usd100.....

Crude oil inventories in the United States fell by big numbers again this week, shedding 4.346 million barrels, the American Petroleum Institute (API) data showed on Tueday, with analysts expecting a smaller 1.8 million barrel draw.

The total number of barrels of crude oil gained so far this year is still more than 49 million barrels.

This week, SPR inventory dropped for the first time in 12 weeks, losing 400,000 barrels to reach 371.2 million barrels—the lowest amount of crude oil in the SPR since December 1983.

Posted by 9vegetable > 2023-04-05 11:47 | Report Abuse

i run liao lo.

Posted by Nickhii90 > 2023-04-05 13:35 | Report Abuse

why run? havent break 0.3 leh..lol

Posted by SinGor > 2023-04-08 09:46 | Report Abuse

as far as i see, PNB cannot has 2 stocks ( SAP , Velesto ) falls far below nett value in their portfolio. It hurts its
ratings and impact its Debts. Once Velesto turns around in 1Q23, PNB will instruct All Banks to up grade Velesto
bearing in mind PNB holds between 30--35% shares in All Malaysia BIG Banks ( even CEO appointment requires
PNB approval ) In 45 Days 1Q23 will be Out

Posted by Bon888 > 2023-04-08 13:58 | Report Abuse

Last QR disappointed all Velesto investors. Next quarter please please don't show us Red color results. A small profit is good enough, don't show red OK!

Posted by WarrenBuffett8888 > 2023-04-08 21:25 | Report Abuse

sure red again....laosy and stupixd management....faster jump ship better....

Posted by SinGor > 2023-04-09 11:37 | Report Abuse

Velesto got about RM70mil to play coming Qr. Last Qr has massive expenses in buying material to start-up
3 hydraulic WorkOver Units and moving Rigs to positions. All these extra expenses will Not appear in coming
1Q23

Posted by Vincent8864 > 2023-04-09 18:46 | Report Abuse

Simple mathematics 70 mil - 25 mil, we are looking at minimum 45 profit.

Add on increase in charter rate this quarter... Cantik!

Posted by SinGor > 2023-04-09 20:12 | Report Abuse

EveryBody was looking at losses but nobody comment on Revenue QoQ increase ( 70mil ) This 1Q23 QoQ
revenue will continue to increase (how much ? ) bcos All Rigs are in position ( no stoppage Or in Transition ).
Coupled with normal expenses-----Earnings will stabilised and remains the same throughout 2023.

Posted by Ven Pandora18 > 2023-04-11 13:00 | Report Abuse

Can we conclude its time for velesto growth further ?

Posted by Ven Pandora18 > 2023-04-11 13:02 | Report Abuse

Dayang vs Velesto, how will most veteran investors choose ?

Posted by EAGLE > 2023-04-11 15:07 | Report Abuse

Kasi naik lagi

Posted by pang72 > 2023-04-11 18:48 | Report Abuse

Specifically for the jack-up drilling rig space, regional Southeast Asian market has already reached a marketed utilisation of 95%, while Malaysia has already reached 100% (i.e. there are no more available rigs for tender of new jobs) – strongly benefitting VELESTO given its market leading position within this space.

Posted by Mabel > 2023-04-12 11:31 | Report Abuse

https://www.straitstimes.com/business/sembcorp-marine-egm-on-feb-16-new-board-if-shareholders-vote-for-merger-with-keppel-om


There should be a merger between Mabel Sapnrg and Velesto Battleships making biggest O&G company in Malaysia as both are having the same shareholders which is PNB.

Benchmarking: One of Mabel Sembcorp subsidiary, Sembcorp Marine merge with Keppel O&M to form one of the world’s largest offshore energy players, as offshore drilling projects dwindled amid a global transition towards renewable energy. In this marriage Sembcorp Marine buy the entire Keppel O&M stake from Keppel Corporation for about $4.5 billion, excluding legacy rigs and associated receivables.

This morning Mabel feels its ripe to re-enter Velesto since it is now trading above 20, 50, 100 and 200 Moving Average. Right now it has already giving Mabel a positive P&L.. just like Lady Sapura..

To Our Success !

Captain Mabel Meow