Posted by Lewis Lee > 2023-11-16 12:43 | Report Abuse

Judging by the drop of share price … I bet the next Quarter report will be below expectation …. We can only wait for next next qr report … to be announced in Feb 24 !

Posted by BobAxelrod6868 > 2023-11-16 12:47 | Report Abuse

When you see SinKarLan here.....means it's bad News all they way.......

Posted by Macgyver11 > 2023-11-16 14:40 | Report Abuse

Don't judge book by its cover. Armada 1st half price drop up to 0.53c but after second half once the qtr announcement, price moved up 0.545c and continued uptrend. IB predict only but they not sure also.

Posted by ken2004 > 2023-11-16 14:42 | Report Abuse

if coming qtr already know not good, not better don't buy now, wait until qtr come out to drop more only buy? i mean if you confident on that, surely if you want to bet on good qtr, can buy.......

Posted by Macgyver11 > 2023-11-16 14:48 | Report Abuse

Veleslow trend like this qtr good price go down (as you all experienced it before) qtr bad price go up...haha 😂

Posted by Macgyver11 > 2023-11-16 15:19 | Report Abuse

Let don't jump into the conclusion fast. RHB % in velesto very tiny compared with hong Leong and great eastern. Whatever the qtr report we need to take the bullet..

Posted by Macgyver11 > 2023-11-16 15:21 | Report Abuse

But I'm looking at this way...PNB looking for a buyer to dump the shares that almost crossed 1 bil and who the hell so stu..pid in this world want to take over it if the company performance very bad especially in their qtr financial report. I just think opposite and hope correct lah...just 2c. Not recommendation but trade widely.

Posted by Macgyver11 > 2023-11-16 15:23 | Report Abuse

Felix I got more then 500k....🙆

Posted by Macgyver11 > 2023-11-16 15:26 | Report Abuse

Everytime when it touch 0.23c, there's a huge block..give me some relief..😎

Posted by Macgyver11 > 2023-11-17 09:28 | Report Abuse

Ya I think this 0.23 wall can break today...let see.

Posted by Macgyver11 > 2023-11-17 09:56 | Report Abuse

Oil weakness could impact the price further. Brent trading below usd80 and if drop further, this could drag the price due to panic selling...hope this scenario won't happen but as I said earlier in stock market nothing is impossible.

Posted by Macgyver11 > 2023-11-17 13:56 | Report Abuse

As I said 0.23 gone. Look alike it will drop further. As usual veleslow never fail to disappointed us. 🙆

Posted by Macgyver11 > 2023-11-17 14:15 | Report Abuse

See how lowest it can go then decide to collect.

Posted by Macgyver11 > 2023-11-17 14:22 | Report Abuse

Wait after the qtr result out. Qtr 50:50.

Posted by azrudin84 > 2023-11-17 15:44 | Report Abuse

Jangan laa drop below 0.215..

Posted by rizal2020 > 2023-11-17 18:46 | Report Abuse

Look like qtr result will be red lorr ..
Maybe drop below 20ctß b4 qtr out

Posted by EAGLE > 2023-11-18 13:35 | Report Abuse

Result out already ka? How you know red?

Posted by NinjaInPyjamas > 2023-11-20 15:27 | Report Abuse

Sanctions are useless and never works ALL of the time in history. It is just a political tool(wayang untuk rakyat dan pengundi). War or not, everyone wants to earn MONEY only.

Posted by Macgyver11 > 2023-11-20 19:48 | Report Abuse

Even oil trading at usd100 also no point. The sad thing is veleslow still getting usd90k to 95k for rig renting despite our neighbour countries easily get usd150k/day. Velesto can't stand on their own leg, bagging Petronas for contract that the payment for DCR offered far beyond compared with other. Now add up with another shocking news, PNB looking for buyer. Let see where our friend heading towards.

Posted by rizal2020 > 2023-11-20 21:21 | Report Abuse

SinGor
On 20Nov, Management will say somethings---I think Bcos 27Nov--30Nov, Qr Out

??? apo cito bro

Posted by Macgyver11 > 2023-11-21 11:09 | Report Abuse

Possibility is there...let see. Qtr announcement most probably around this week.

Posted by Expertise > 2023-11-21 18:53 | Report Abuse

Perdana post highest ever 3q since 2014…..will veryslow follow

Posted by rizal2020 > 2023-11-21 21:03 | Report Abuse

Maybe Vele Revenue drop @ maintainance cost will be higher ... Profitable ???

Posted by Macgyver11 > 2023-11-21 22:10 | Report Abuse

As usual, from their past 2qtr report revenue above 250mil but profit less than 18mil due to high maintenance, operation and expenditure cost. Hope any miracle happen in this up coming qtr.

Posted by Macgyver11 > 2023-11-23 19:37 | Report Abuse

Perdana got very good qtr but price fall like no tomorrow...

Posted by Epseps > 2023-11-23 21:05 | Report Abuse

Same like T7 global. Good QR price dropped.

Posted by Macgyver11 > 2023-11-24 10:41 | Report Abuse

Perdana only do offshore marine service (like - AHTS, workboat and workbarges) and yet they can show good profit. It is very disappointed day if Velesto with 6 oil extraction rigs unable return to black in coming qtr...despite higher crude oil and revised DC rate. Let hope veleslow won't give us any bad surprise...

Posted by SinGor > 2023-11-24 11:00 | Report Abuse

Petronas is squeezing Velesto Boss. Need to move outside Malaysia water......it is expensive to move Rigs
that is why Petronas is winning ( lost working days and moving Cost ). But it will Ends soon, very soon.
I heard Petronas is offering New Rate for 2024 but Velesto (PNB) wants International Rate. If Velesto rejects
new rate, Petronas has NO rigs available in ASEAN region which means No drilling in 2024 + 2025

Posted by EAGLE > 2023-11-24 12:11 | Report Abuse

Like this price sure drop. Management can't increase value even crude price maintain high. Makan tido saja ni.

Posted by SinGor > 2023-11-24 15:41 | Report Abuse

looks like PNB buying at 0.230 again----Every Buy is One million shares. Think results OUT today

Posted by zulkifly2418 > 2023-11-24 16:40 | Report Abuse

tengah murah... harga mid sep. fear in the market boleh beli

Posted by Jacintha > 2023-11-24 17:23 | Report Abuse

from past result, only end month will release :(

Posted by SinGor > 2023-11-24 18:23 | Report Abuse

The item that will pull down Velesto earnings badly beside operation is Forex loss. So far only AAX posed
substantial forex loss, even blue, blue Co like IOI did'T record forex loss

Posted by Macgyver11 > 2023-11-24 20:48 | Report Abuse

Relax dulu.. don't make pessimistic conclusion quickly. Not necessary if good qtr price will go up either. Like us and many maybe some investors also doubt that qtr going to be bad and dumb shares or maybe due to ESOS (allowed staff and BOD to collect cheap ticket before the qtr announcement). Sometimes things might work opposite...who knows. Like I said earlier stock market is unpredictable. Let always think the good.
Is there anyone here good in crystal ball prediction...hahaha!

Posted by Macgyver11 > 2023-11-26 14:17 | Report Abuse

https://asianbusinessreview.com/co-written-partner/event-news/velesto-energy-berhad-receives-csr-initiative-year-oil-gas-award-coral-nursery-project

Posted by Expertise > 2023-11-27 14:56 | Report Abuse

Q3 out today？？

Posted by Macgyver11 > 2023-11-27 18:36 | Report Abuse

KUALA LUMPUR (Nov 27): Velesto Energy Bhd said the contract between its unit Velesto Drilling Sdn Bhd and Carigali Hess Operating Company Sdn Bhd has been extended for another one year and six months with an estimated contract value of US$74 million (RM346.39 million).

The contract, which entails the provision of a 10K jack up drilling rig, will commence from April 19, 2024 until Oct 18, 2025, Velesto said in a filing with Bursa Malaysia on Monday.

"Velesto Energy will continue to assign NAGA 8 for the extension period of the contract," it said, referring to its premium independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and a rated operating water depth of 400 feet.

Velesto added that the extension of the contract is expected to contribute positively towards its earnings and net assets.

Carigali Hess first awarded Velesto Drilling the contract in 2019, and it was worth US$131 million (RM541.17 million) at the time.

Carigali Hess, an oil and gas joint venture between PCJDA Ltd and Hess Oil Company of Thailand Ltd, is involved in gas production in the joint development area administered by the Malaysian-Thailand Joint Authority.

The contract initially commenced in the second half of 2020 for three years, with three extension options of six months each.

Velesto's shares closed up one sen or 4.44% at 24 sen on Monday, for a market capitalisation of RM1.89 billion.

Posted by Expertise > 2023-11-27 18:46 | Report Abuse

Announcement come first not a good news for investor…

Posted by Macgyver11 > 2023-11-27 19:14 | Report Abuse

Qtr announcement probably on 29 or 30th.

Posted by SinGor > 2023-11-27 20:54 | Report Abuse

Hess offer the highest Day-Rate in 2023.....but still US$20,000 Less than what SAP is getting outside Malaysia
Water.......If ALL Velesto Rigs gets US$105,000---I am very sure Velesto net profit will breach RM70.0mil / Qr.
Serious consideration---changed Job Bidding Director ( makan Gaji only )

Posted by Macgyver11 > 2023-11-28 10:17 | Report Abuse

VELESTO has secured an extension for its Naga 8 jack-up rig for 18 months at a daily charter rate (DCR) of USD135,000.

Posted by SinGor > 2023-11-28 11:01 | Report Abuse

very explosive Earnings in 2024!!!!!!!!----3Q results Must be out before 31 Nov ( 1 Dec )

Posted by Macgyver11 > 2023-11-28 11:31 | Report Abuse

Expected strong push today. Possibility can break 0.24c. Qtr look promising...fingers crossed

Posted by SinGor > 2023-11-28 15:09 | Report Abuse

“Every US$10,000 (RM42,500) per day increase in our new-contract DCR assumptions will increase Velesto’s FY23 forecast core net profit by 17%

Posted by faizalanuar > 2023-11-29 01:26 | Report Abuse

disappointing la ni counter..many sindiket play arnd..rubbish stock

Posted by Macgyver11 > 2023-11-29 08:49 | Report Abuse

Sindiket dumping institutional buying from them. Today is final countdown...Green or Red.

Posted by Macgyver11 > 2023-11-29 08:54 | Report Abuse

If price rebound back ada chances la qtr if drop pooochi!! Get ready guys...

Posted by faizalanuar > 2023-11-29 14:02 | Report Abuse

good qtr, sell on news..bad qtr, dumping like mad...aiyoyoyo

Posted by SinGor > 2023-11-29 16:02 | Report Abuse

nervous is the word

Posted by Lewis Lee > 2023-11-29 16:16 | Report Abuse

Use buttock to think also know this coming qr announcement will be LOSS already la !! 😅