VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.195

Today's Change

+0.005 (2.63%)

Day's Change

0.185 - 0.205

Trading Volume

62,882,900


28 people like this.

24,247 comment(s). Last comment by Macgyver111 1 hour ago

Posted by success2628 > 2023-07-11 21:37 |

Post removed.Why?

Felix888

3,365 posts

Posted by Felix888 > 2023-07-11 23:09 | Report Abuse

Wow contract win + tonight Brent oil going to break USD 80. Tomorrow morning Velesto confirn price up, volumn up!

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-12 08:17 | Report Abuse

This is long waiting contract that I was expected...finally pop up. Bankers from sell now give hold. Next they will say strong buy call...guys this is lifetime opportunity don't miss it 😎

Felix888

3,365 posts

Posted by Felix888 > 2023-07-12 08:39 | Report Abuse

This Naga 3 new contract starting from Feb 2023. Earlier the Naga 3 already secured another contract from Q3 2023. Very busy this Naga 3.

Felix888

3,365 posts

Posted by Felix888 > 2023-07-12 10:12 | Report Abuse

Adui, good news announced and Brent oil approaching USD 80 share price not moving...😫

Posted by specializedvenge > 2023-07-12 11:28 | Report Abuse

Kenanga.
Tp 0.19 underperform
Wtf 🙄

Felix888

3,365 posts

Posted by Felix888 > 2023-07-12 11:37 | Report Abuse

Kenaga first one publish report but maintain sell rating. Kenaga is collecting?

Eric Lim

508 posts

Posted by Eric Lim > 2023-07-12 11:41 | Report Abuse

they regret not buying enough want to collect cheap tickets now ????

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-12 13:13 | Report Abuse

Ya agreed with Eric Lim...

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-12 13:23 | Report Abuse

The recently announced is short term contract, 2 well drilling about 100days only but the contract valued RM 61mil. It's good profitable contract...just do simple calculation (61mil / 100) = RM 610,000/day. Let say minus all the operating cost RM400,000 / day...sap sap sui velesto earned net profit of 21 mil and this will Budgeted in up coming qtr (since the contract already started in Feb 2023). Just my 2c correct me if I'm wrong.

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-12 13:25 | Report Abuse

HLB and Kenanga knew it very well..

Felix888

3,365 posts

Posted by Felix888 > 2023-07-12 14:04 | Report Abuse

Kenaga already said that new contract daily charter rate is above USD 100k per day. They recognized is good rate but maintain sell. So they waiting for USD200k per day? Kenanga analyst Not realistic and wrong calculation!!!

SinGor

4,856 posts

Posted by SinGor > 2023-07-12 14:28 | Report Abuse

Trust me, many bankers & stockBroker house gave low, low TP bcos they missed the "Boat"
MayBank indicate Foreign holdings of Velesto has increased by 9% ( first 6mth of 2023 excluding those that
are already in before Jan 2023 )-----Why foreigners keep buying? Local & bankers said donT touch it!!!!!
Except Hong Leong Investment (holding 10% ) ---the smarter One

Felix888

3,365 posts

Posted by Felix888 > 2023-07-12 14:39 | Report Abuse

True SinGor in fact Velesto is the top 5 in foreign fund net bought in 1st half 2023. Among thousand over counters why foreign fund selected Velesto?

Kenanga analyst, if you are reading this. Please check back your report..Or you have been told by your boss to put this rating ?

Lewis Lee

1,675 posts

Posted by Lewis Lee > 2023-07-12 14:51 | Report Abuse

This Fart-king stu-pick kenanga soh hai .... last year when velesto down to 0.08 cts , they called for sell !!
listen to them then you will sure RIP !!!

Lewis Lee

1,675 posts

Posted by Lewis Lee > 2023-07-12 14:52 | Report Abuse

HLB & BIMB normally give higher TP = 25-30 cts !!

I think TP 30ct can be reached by this month !

Felix888

3,365 posts

Posted by Felix888 > 2023-07-12 14:54 | Report Abuse

BIMB already given 0.30 TP in last few reports.

EAGLE

386 posts

Posted by EAGLE > 2023-07-12 14:57 | Report Abuse

vroommmm

SinGor

4,856 posts

Posted by SinGor > 2023-07-12 15:01 | Report Abuse

Just my Guess why Kenanga gave Low TP.......StockBroker House Main Biz is to finance Share purchases.....
If Kenanga take a 200mil Velesto Deal at 19sen-----Do you think They keep shouting 30sens TP ( DonT blame
Kenanga or believe any TP by Bankers ) It is just BIZ !!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by specializedvenge > 2023-07-12 22:02 | Report Abuse

Top 5 most wanted by foreigners from 1-1 till 30-6 .
Any clues?
Their buying price should be 0.18 till 0.2x.
Is tp 0.19 enough for them or ikan bilis like us?
Us knee to think also can understand.

Posted by EatCoconutCanWin > 2023-07-12 22:30 | Report Abuse

This company selling EV car?

Felix888

3,365 posts

Posted by Felix888 > 2023-07-12 23:31 | Report Abuse

EatCoconutCanWin. Ya selling condom also. Brand name Velesto condom. You want normal one or dotted one or banana flavour?

Posted by royalinvestor > 2023-07-13 11:58 | Report Abuse

blocking !! collecting and accumulate 235 from yesterday lorrr ...
dont know how much they want to collect ??
biaq pe depa laaa

willc48

720 posts

Posted by willc48 > 2023-07-13 13:49 | Report Abuse

when is this O

Posted by royalinvestor > 2023-07-13 15:08 | Report Abuse

ajak naik xnak dok mintak 235 jeee
ambik kau ..... bawah lai pun bulih bhaaa
lalalalalaaaaaa

Felix888

3,365 posts

Posted by Felix888 > 2023-07-13 23:09 | Report Abuse

Wow wow wow Brent Oil now USD 81.10 already. Pan Pan Seng!

Tomorrow Velesto ada chance!

SinGor

4,856 posts

Posted by SinGor > 2023-07-14 08:39 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Future-Of-Oil-Demand-Is-Brighter-Than-Youve-Been-Told.html
_________________________

Only Kenanga is depressed bcos they didnt collect Enough. Hong Leong Investment is promoting All over
the Town ( they owned 10% of Velesto )

Posted by jacintateh > 2023-07-14 09:07 | Report Abuse

https://www.nst.com.my/business/2023/07/930112/velesto-benefit-current... HLIB maintains its call "Sell" on Velesto with the target price of 19 sen.

Posted by jacintateh > 2023-07-14 09:35 | Report Abuse

KUALA LUMPUR (July 13): CGS-CIMB Securities has maintained its “Add” rating on Velesto Energy Bhd at 23.5 sen with an unchanged target price (TP) of 25 sen, and said the FY2024F outlook for Velesto may be stronger than current house forecasts if Velesto obtains the recent strong daily charter rates (DCR) achieved by its peers in the region.

EAGLE

386 posts

Posted by EAGLE > 2023-07-14 10:09 | Report Abuse

vrooommmm

Posted by jacintateh > 2023-07-14 10:48 | Report Abuse

people are selling.

SinGor

4,856 posts

Posted by SinGor > 2023-07-14 19:11 | Report Abuse

Always take advice over internet with a "pinch of salt" after all FREE advice (TP) always has vested interest.....Bankers ask you to BUY bcos they are selling....It is always better to have a Good Remisier for Sound advise Or Tips, atleast He is working/hoping you Make moni, and he got Good commission

randy793

43 posts

Posted by randy793 > 2023-07-14 19:55 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/07/13/velestos-new-job-win-a-positive-development.... The frickin culprits leading to dismay performances

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-18 13:38 | Report Abuse

😃😀😀

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-18 13:43 | Report Abuse

Price steady. Waiting for 0.20c and below to collect more but operator don't want us to collect cheap tickets. Good very good...

charlie chia

2,151 posts

Posted by charlie chia > 2023-07-18 14:10 | Report Abuse

Future prospect is there
Waiting for 30 CTS upward

Posted by royalinvestor > 2023-07-19 21:56 | Report Abuse

DJIA HIT 35K ,,,,
OIL PRICE RISE UP
TIME FOR VELESTOR TO SOAR LIMIT UP LORR !!
THIS FEW DAYS BIG HAND COMPLETE ACCUMULATE 23.0 @ 23.5 CTS

Posted by royalinvestor > 2023-07-20 14:53 | Report Abuse

COLLECTING 23CTS CONTINUE ....

EAGLE

386 posts

Posted by EAGLE > 2023-07-21 15:37 | Report Abuse

vol slow today. kasi up la mau collect.

Posted by success2628 > 2023-07-21 16:42 |

Post removed.Why?

randy793

43 posts

Posted by randy793 > 2023-07-21 19:32 | Report Abuse

Zibai share no up when others up, sold 0.225

Felix888

3,365 posts

Posted by Felix888 > 2023-07-21 20:25 | Report Abuse

Can't wait one more month to see the beautiful QR result meih?

ken

673 posts

Posted by ken > 2023-07-22 06:14 | Report Abuse

not this Q. Should be 2023 4Q will get very good result.

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-22 10:19 | Report Abuse

Wrong. They making profit now. 2nd qtr onward.

ken

673 posts

Posted by ken > 2023-07-22 11:45 | Report Abuse

barely 0.17/0.18 sen net profit per Q won't push velesto beyond 30 sen... I bought 10 sen and sold 24 sen..miss the 28 sen..

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-22 22:49 | Report Abuse

Ya kah. So simple like that meh to analyst just see one fundamental then can make decision. Lol.

Macgyver11

2,492 posts

Posted by Macgyver11 > 2023-07-23 11:02 | Report Abuse

Oil markets will face serious problems as demand from India and China ramps up....report from IEF

“So, for the second half of this year, we’re going to have serious problems with supply keeping up, and as a result, you’re going to see prices respond to that,” McMonigle told CNBC on the sidelines of a meeting of energy ministers from the group of the 20 leading industrial economies (G20) in Goa, India, on Saturday.

McMonigle attributes the push in oil prices to increasing demand from China — the world’s largest importer of crude oil — and India.

“India and China combined will make up 2 million barrels a day of demand pick-up in the second half of this year,” the Secretary General said.

Posted by success2628 > 2023-07-25 08:37 |

Post removed.Why?

Posted by success2628 > 2023-07-25 09:30 |

Post removed.Why?

EAGLE

386 posts

Posted by EAGLE > 2023-07-25 10:28 | Report Abuse

vrooommmmmm

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