Posted by StingRay > 2023-10-31 10:58 | Report Abuse

No.

Posted by Felix1510 > 2023-10-31 12:54 |

Post removed.Why?

Posted by Lewis Lee > 2023-10-31 15:20 | Report Abuse

Velesto Energy is poised to stage a bullish breakout while testing the immediate resistance. We observe that the stock has been consolidating sideways beneath the MY0.265 resistance. If it climbs above the immediate resistance, this will confirm that the consolidation phase is over and the resumption of the upside movement. In this case, the stock will climb towards the next resistance pegged at MYR0.29, followed by MYR0.31. Towards the downside, falling below the MYR0.24 support will nullify this expectation and set off a correction phase.

Source: RHB Securities Research - 30 Oct 2023

Posted by Epseps > 2023-10-31 16:03 | Report Abuse

The way RHB commented like if not up it will be down. In layman terms. Lol

Posted by Macgyver11 > 2023-11-01 12:59 | Report Abuse

Up coming qtr result will validate the RHB research....upside or downside.

Posted by Macgyver11 > 2023-11-01 13:11 | Report Abuse

My personal opinion, forecast for next coming months biased to upside trend rather than downside....unless oil price crash below usd50/barrels and that's not going to happen likely since the war in between Israel/Palestin and middle-east alliance getting more progressive. Just my 2c

Posted by SinGor > 2023-11-02 17:02 | Report Abuse

today Buyers has entered. If tomolo, next batch of buyers enter----we have a rally building up

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

yes --2nd group of buyers enter today---next week should see price above 0.265

Posted by Lewis Lee > 2023-11-04 09:36 | Report Abuse

“PNB may be looking to sell Velesto Energy stake worth over RM1 bil”
Latest the edge report

The news just in ! Next week share price sure shoot up !

Posted by Syndicates > 2023-11-04 10:19 | Report Abuse

1bil for how many shares u got count or not?

Posted by Lewis Lee > 2023-11-04 10:24 | Report Abuse

How many shares doesn’t really matter , since the stake is huge , only big players are able to take up, maybe international players from Arab etc … judging by they interested to come to sapu oil assets in south east Asia recently !
Once the sale confirmed, share price can only go up !!!

Posted by Dehcomic01 > 2023-11-04 10:28 | Report Abuse

From a fundamental perspective, the company has not generated any positive ROE over the past few years. This is despite the high oil prices. Surely you are expecting crude oil prices to go higher so that it has a chance to make profits?

Posted by Macgyver11 > 2023-11-04 18:27 | Report Abuse

https://www.klsescreener.com/v2/news/view/1228259/%E4%BC%A0%E5%9B%BD%E6%8A%95%E6%B4%BD%E5%94%AEvelesto%E8%83%BD%E6%BA%9054-%E8%82%A1%E6%9D%83

Posted by Macgyver11 > 2023-11-04 18:27 | Report Abuse

Can anyone translate this...please

Posted by Felix888999 > 2023-11-04 18:37 |

Post removed.Why?

Posted by Felix888999 > 2023-11-04 18:38 |

Post removed.Why?

Posted by Felix888999 > 2023-11-04 18:47 |

Post removed.Why?

Posted by speakup > 2023-11-04 19:40 | Report Abuse

Sell to ytl?
If sell to ytl sure up 30% mcm ranhill

Posted by Felix888999 > 2023-11-04 19:58 |

Post removed.Why?

Posted by rizal2020 > 2023-11-05 08:54 | Report Abuse

Felix888999
When asked about the matter, SDIC declined to comment, while VELESTO Energy said it had "not heard any rumors of relevant activities."

4me tt is common issue will rise to the potential healty grow benefical return to the any company where Vele having billion order book up to 2025

Posted by Felix888999 > 2023-11-05 08:59 | Report Abuse

Drilling companies are hot cakes now. Demand is over the supply. It is good time for PNB to cash out this investment. Maybe the new owner able to manage this company better.

Posted by Macgyver11 > 2023-11-05 09:35 | Report Abuse

All depends on the buyer credibility...now,
the question is who is the buyer?
Hopefully velesto get strong established buyer...

Posted by Macgyver11 > 2023-11-05 09:37 | Report Abuse

I believed many interested in Velesto out there...Velesto not like Sapura, hutang keliling pinggang...

Posted by Macgyver11 > 2023-11-05 09:42 | Report Abuse

Preferable Saudi Arabia..just guessing since Anwar just back from recent kingdom visit. Maybe the deal is there...

Posted by Macgyver11 > 2023-11-05 09:58 | Report Abuse

PNB not interested to let go Velesto shares actually, that's included UMW...this is direct encouragement from Government. Anwar want GLC organisation not solely depend on stock market investment. He want them to expand...

Posted by Macgyver11 > 2023-11-05 10:08 | Report Abuse

New management..koyak la old BOD. Wonder why Datuk Ling Kien Sing disposed his shares recently.

Posted by Felix888999 > 2023-11-05 10:10 |

Post removed.Why?

Posted by Felix888999 > 2023-11-05 10:10 | Report Abuse

Velesto should go to the international market instead of depending on Petronas.

Posted by Macgyver11 > 2023-11-05 10:58 | Report Abuse

But one thing I'm very sure, PNB won't hand over Velesto to shoplot buyers. Must be well established, strong and dynamic institutional buyers. And, must be hefty rich also or else who willing grab such huge amount...1billion man.

Posted by Macgyver11 > 2023-11-05 11:38 | Report Abuse

Top 10 PNB owned shares...
1) Malayan Banking - >48%
2) Sime Darby - >50%
3) Sime Darby plantation - >55%
4) Sime Darby property - >55%
5) SP Setia - >60%
6) UMW - >55% (acquired by Sime Darby)
7) Velesto - >55% (buyer???)
8) Duopharm - >45%
9) MNRB - >55%
10) Sapura Energy - >35%

UMW take over by Sime darby, really...PNB work smart, they still owned majority of Sime Darby shares..

Posted by NinjaInPyjamas > 2023-11-05 12:39 | Report Abuse

Velesto most priced value are their drilling assets. As nobody want to go into these capital intenssive assets and harder to get financing. The common masses are Illusioned by the EV and esg narrative while thinking oil and gas is a sunset industry. Replacement cost for these assets will only go higher as who wants to invest at these low DCR rate and high interest rates. The problem with velesto is their weak management.

Posted by Felix888999 > 2023-11-05 12:43 |

Post removed.Why?

Posted by SinGor > 2023-11-05 15:25 | Report Abuse

Rumours are used to Pump-Up price. Tomolo Limit-Up, Bursa will ask Management---What Ups??
Management Reply---DonT known ask Rumour Mill " The Edge lah "-----Who paid RM5000 to Edge write the
Report----

Posted by SinGor > 2023-11-05 15:27 | Report Abuse

When syndicate + Genting punters started plowing in-----Rumours become Real News

Posted by Macgyver11 > 2023-11-06 10:55 | Report Abuse

If PNB breakeven price is 0.30c, then my guessing is...PNB will push the price up to 0.29c before the corporate exercise implemented. (if there is any as per rumour).

Posted by royalinvestor > 2023-11-06 14:55 | Report Abuse

SinGor
yes --2nd group of buyers enter today---next week should see price above 0.265

Anytime the 3rd group will enter by to push more higher @ gap up !
Perhaps ... 2day mybe ?

Posted by rizal2020 > 2023-11-06 18:37 | Report Abuse

Velesto hands out deal for upcoming rig moves

Posted by rizal2020 > 2023-11-06 18:40 | Report Abuse

In addition, the energy and marine consultancy will support Velesto Drilling with rig moves over a one-year period to adjacent countries, including Vietnam, Indonesia, or Thailand. Under the new contract, ABL’s rig-moving surveyors in Malaysia are expected to survey and approve approximately 14-16 rig moves offshore Malaysia for Velesto Drilling’s six-rig fleet during the period.

Posted by SinGor > 2023-11-06 19:56 | Report Abuse

I am very suspicious of latest (esos)---7.5% of all Outstanding Shares. Most Directors donT have this Type
of Banking muscle to Buy Esos ( hardly any Directors had Any Velesto shares )----On one Hand PNB wants
to Dispose Velesto ( news purposely LeakOut ) In Old Days, someone usually "used" Director Esos to made
Huge instant profit during Take Over---
All say, Velesto Sales seems very likely and price should be reasonable high too

Posted by Macgyver11 > 2023-11-06 21:18 | Report Abuse

This Esos nothing to do with employees...vesting period is 3 yrs. Which employees got strength to wait up to 3 years whatsoever the amount that they going invest most probably very small. Purely trap to collect free meal under the Employees scheme...who's the culprit behind the scene?

Posted by Macgyver11 > 2023-11-06 21:29 | Report Abuse

Agreed with SinGor. But in other hand don't underestimate the BOD. They are filthy rich. Megat Zariman himself owned 11mil shares. He is CEO of the company and if ceo can afford to buy 11mil...think what the BOD can do. This is the reality, new management in old management out...mostly. The ESOS T&C fix the BOD committee. I think no vesting time required for BOD...maybe.

Posted by Macgyver11 > 2023-11-06 21:43 | Report Abuse

To get the free meal, first they must rise up the price (up to the reasonable TP) and we as bilis must take all the advantages from this..don't greedy too much ya.

Posted by Macgyver11 > 2023-11-06 21:56 | Report Abuse

Don't worry about upcoming qtr. Velesto must show good qtr result to the new owner, so the qtr going to be good (if not good also our friend PNB can fix it...showing 20mil tarak hal punya after all huge profit waiting for them). Expected TP above 0.30 by Dec..my 2c

Posted by Macgyver11 > 2023-11-06 22:03 | Report Abuse

Earlier than above consider bonus....

Posted by Macgyver11 > 2023-11-06 22:14 | Report Abuse

I heard ABL group lately.

Posted by Macgyver11 > 2023-11-06 22:20 | Report Abuse

ABL group Oslo Norway...well established O&G company.

Posted by Macgyver11 > 2023-11-06 22:25 | Report Abuse

https://youtu.be/yl8hqWbeNUM?feature=shared

Posted by Macgyver11 > 2023-11-06 22:30 | Report Abuse

Velesto drilling machine transfer to neighbors within 1 year
(Kuala Lumpur, 6th) Velesto Energy (VELESTO, 5243, Main Board Energy Group) will transfer drilling machines to Vietnam, Indonesia, or Thailand within one year. According to OFFSHORE reports, ABL, an ABL company owned by ABL Group, listed on Oslo, Norway, has obtained a new contract with Velesto Energy. In addition, the report pointed out that ABL also supported Velesto to transfer the rig to Vietnam, Indonesia or Thailand, such as Vietnam, Indonesia or Thailand within one year. "According to the new contract, ABL's drilling machine mobile surveyor in Malaysia is expected to survey the 6 drill rig fleets of Velesto during this period and move about 14 to 16 rigs in offshore."

Posted by Macgyver11 > 2023-11-06 22:34 | Report Abuse

I think ABL group taking over Velesto from PNB. ABL is very good company if I'm not wrong...I think I hv to take back my sell statement....😂

Posted by SinGor > 2023-11-06 22:39 | Report Abuse

Moving 6 velesto Rigs to Other ASEAN region means No Rigs for Petronas. SAP 11 rigs also works outside
Malaysia water