VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.215

Today's Change

0.00 (0.00%)

Day's Change

0.21 - 0.22

Trading Volume

34,545,700


28 people like this.

24,132 comment(s). Last comment by leeabraham 23 hours ago

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-07 03:09 | Report Abuse

Kenanga (TP 0.17c)
TA (TP 0.33c)
HL (TP 0.27c)
Bimb (TP 0.30c)
Latest - Affin Hwang (TP 0.29c)

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-07 10:59 | Report Abuse

I3 investors (TP RM 0.40) ..... not 0.40c (=RM0.004) as suggested by Mac above 😂

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-08 18:38 | Report Abuse

Hari2 naik half cent ok lah..blh sampai 0.30c. Skt2 lama2 jadi bukit. My prediction correct lah Lewis you mentioned wrong la not 0.004c tapi hari naik 0.005c...🤣😅

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-08 19:22 | Report Abuse

Hari ini last minute catch up. Tmrw could break 0.25 boh?

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-09 10:09 | Report Abuse

Don’t fall back to RM 0.23 ( not 0.23 ct Mac) you can laugh already 😂

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-09 12:33 | Report Abuse

I mimpi 0.32 (not 0.23). Change the no three position bro..😂

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-09 12:37 | Report Abuse

Last week - 0.23 to 0.235
This week - 0.24 to 0.245
Next week - 0.25 to 0.255

Near before 4th qtr announcement...could break 0.30c. Lai lai lai dragon year ong sdh mari 😂😁

EAGLE

384 posts

Posted by EAGLE > 2024-01-09 12:40 | Report Abuse

Meletop suda

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-10 12:17 | Report Abuse

Meletop 1-2 jam then tidur lagi ….😴

SinGor

4,782 posts

Posted by SinGor > 2024-01-10 17:00 | Report Abuse

closing at 0.245 Buying is Huge. Every Buy is 500,000 or 1,000,000....Usually PNB buying Or foreign Funds
buying can have this type Bid----Ikan Bilis usually 100 shares

RJ87

5,121 posts

Posted by RJ87 > 2024-01-11 09:27 | Report Abuse

Strong uptrend, hopefully will sustain until QR before breaking 30sen

RJ87

5,121 posts

Posted by RJ87 > 2024-01-11 09:42 | Report Abuse

Can hv a look at perdana, someone sapu 7 million shares one go.

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-11 13:06 | Report Abuse

Volume is back !! Fund managers coming !! 💪

Expertise

1,386 posts

Posted by Expertise > 2024-01-11 14:22 | Report Abuse

Dragon dragon bull

goldenhope

283 posts

Posted by goldenhope > 2024-01-11 14:36 | Report Abuse

Don't expect good quarter results

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-11 15:54 | Report Abuse

Looking at the trend, qtr must be good. Past experience before one month 3rd qtr release last year, there is huge sell off...this round opposite.

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-11 18:36 | Report Abuse

Makan Nasi Makan Bubur see this coming qtr. If not performing I going to sell all my Velesto. My last chance to Velesto`s Management!

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-12 08:07 | Report Abuse

Actually they don't bother either you hold or not hold....amount small lah..

Posted by royalinvestor > 2024-01-12 09:50 | Report Abuse

😂🤣😂

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-12 10:07 | Report Abuse

They care or not is another story lah.

Posted by Macgyver11 > 1 hour ago | Report Abuse

Actually they don't bother either you hold or not hold....amount small lah..

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-12 11:58 | Report Abuse

Stay tuned for Naga 2, 3 and 4 new contract announcement! Cuming!

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-12 12:54 | Report Abuse

TP 0.30 surely can be reached by end January !!

EAGLE

384 posts

Posted by EAGLE > 2024-01-12 13:22 | Report Abuse

Suda roket walao

Posted by huatahh90 > 2024-01-13 23:17 | Report Abuse

Ini sikit lagi terbang tinggi

Posted by huatahh90 > 2024-01-13 23:17 | Report Abuse

40-50 sen

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-14 12:04 | Report Abuse

Broker: Hong Leong Investment Bank Research
Investment advice: Short-term buy
Available buying prices: 23 sen, 24 sen, 24.5 sen
Upward target: 28 sen, 30 sen, 31 sen
Stop loss point: 22 sen
Closing price: 25.5 sen (as of Jan 11)
Earnings per share: 3.7 sen (FY2024 estimate)
P/E ratio: 9.6 times (FY2024 estimate)
Dividend yield: 6.1% (FY2024 estimate)

Technical charts show that VELESTO Energy (VELESTO, 5243, main board energy) is brewing a U-shaped rebound trend, indicating a strong upward trend in the stock price.

If the stock strongly breaks through the support level of 25 sen, it will stimulate the stock to move further towards the levels of 28 sen, 30 sen and 31 sen. However, once the stock price falls back to 22 sen, investors are advised to stop losses in time.

In terms of fundamentals, VELESTO Energy's net profit in the third quarter of fiscal year 2023 fell 92% year-on-year to RM1.2 million, mainly due to the maintenance of four fleets respectively and the utilization rate of JU drilling rigs falling from 88% to 60%.

However, with all JU drilling fleets starting to operate at full speed in the last quarter, and with negotiations with Petronas to increase the daily charter rate (DCR), the company's net profit will rebound significantly in fiscal 2024, based on a profit of RM36.1 million per quarter101 %.

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-14 12:05 | Report Abuse

HLB said Velesto estimated Dividend yield: 6.1% (FY2024 estimate). Lol one decade no dividend leh.

Posted by wang chai > 2024-01-14 16:10 | Report Abuse

TP 40 sen

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-14 20:15 | Report Abuse

Woah! So many investors suddenly emerged out of no way and pretty much confident veruslow can go up to 0.40...😂😁

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-14 20:17 | Report Abuse

Highway to 0.40..🤣

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-14 20:23 | Report Abuse

Ni mcm kenanga prediction (0.17) wrong lah. Kenanga tewas. Guess HLIB TP (0.27) almost reachable..maybe this week 👏👏👏

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-15 09:20 | Report Abuse

when price touching 0.30, all fatt-king stu-pick analysts (kenanga the first) will queue up to UP TP to 0.40 !!!
Get used to thier trick to con ikan bilis already !! 🤣

Posted by huatahh90 > 2024-01-15 09:32 | Report Abuse

today will up

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-15 09:44 | Report Abuse

Share price up, analysts will up TP to follow the price,
Share price down, analysts will down TP to follow the price also,
If not, they will be seen as "bo chun" and will be sacked by thier bosses man !! 🤣

EAGLE

384 posts

Posted by EAGLE > 2024-01-15 10:10 | Report Abuse

Lai lai bilis stay away muahahaha

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-15 10:43 | Report Abuse

Sold the batch bought in Dec dip @ 0.26.

Next batch queue sell 0.295 🤣🤣

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-15 10:43 | Report Abuse

This counter has a lot of swing play opportunities 🤗

SinGor

4,782 posts

Posted by SinGor > 2024-01-15 17:55 | Report Abuse

maybe arrive 30cents this week......High sustain Volume.......If Gain 1.5cents tomolo, bullish trend Set

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-15 18:37 | Report Abuse

Nice article ! Hope this round could break 0.30!!! But I already queue sell 2nd batch at 0.295 until next month. 😅😅😅

https://klse.i3investor.com/web/blog/detail/dailypulse/2024-01-15-story-h-210471244-Velesto_Energy_is_looking_good_again

RJ87

5,121 posts

Posted by RJ87 > 2024-01-16 00:19 | Report Abuse


Same strategy. tp 1/3 at 26sen for 200K shares. 2nd 1/3 200K at 30sen and 3rd 200K shares let it runnn…

Felix can hop over to perdana also. No need wait next QR for 20M profit. Last Q already 20M. Waiting rocket to move there also.

Felix888999

1,642 posts

Posted by Felix888999 > 2024-01-16 00:26 | Report Abuse

Expected new contract announcement for Naga 2, 3 and 4. End Feb QR profit should be more than RM 20 million.

SinGor

4,782 posts

Posted by SinGor > 2024-01-16 08:54 | Report Abuse

Alot of Language manipulation by Bankers analyst ( also mangement ??) on last Qr reports. The truth is Velesto makes 70million (plus, plus last Qr ) But management Reduced Short Term Loan by 70mil. You can Check
results----You cannot reduce Loan amount unless you pay Back to Banks
I think management is in cohort with Bankers to make alot money this Qr ( coming ) Bcos PNB owe Bankers
alot money ( Going to get HairCut from Sapura Deal )----Bankers and Politicians have same moral principle
They are out to make money

RJ87

5,121 posts

Posted by RJ87 > 2024-01-16 09:53 | Report Abuse

Singor is here. Time to cancel all my sell queue and hold until 40sen

EAGLE

384 posts

Posted by EAGLE > 2024-01-16 10:19 | Report Abuse

Walao lai lai lai

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-16 13:19 | Report Abuse

Dragon ong sdh mari

Macgyver11

2,492 posts

Posted by Macgyver11 > 2024-01-16 13:19 | Report Abuse

My personal TP 0.35...😆

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-16 14:12 | Report Abuse

I give TP :- 0.40 at least by this year !!

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-16 14:13 | Report Abuse

0.40 is the average price before MCO !!

Lewis Lee

1,657 posts

Posted by Lewis Lee > 2024-01-16 14:29 | Report Abuse

"If the stock strongly breaks through the support level of 25 sen, it will stimulate the stock to move further towards the levels of 28 sen, 30 sen and 31 sen."
according to HL investment !

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