Posted by SinGor > 2024-01-16 18:16 | Report Abuse

I think Management will release results before CNY24 if results is very Good. For sure this Qr. Management
is not reducing short term Loan.....Since all Rigs are running with Higher efficiency (89%) plus Higher
Day Rate ( atleast 10% more than last Qr )----Higher Day Rate plus Higher efficiency should Cover All
Expenses--------Clean RM70mil profit on Table ( higher than MayBank estimate RM50m bcos they are conservative and has a Reputation to Protect -----Not me )

Posted by Felix888999 > 2024-01-16 19:20 | Report Abuse

GLC company where got so hardworking one. 🤣🤣🤣

Posted by SinGor > 1 hour ago | Report Abuse

I think Management will release results before CNY24 if results is very Good.

Posted by Felix888999 > 2024-01-16 22:44 | Report Abuse

Why suddenly so many IB talking about Velesto and raised the TP without new contract or new QR result release? IBs waiting to sell or?

Maybank IB raises target price for Velesto to 34 sen, expects strongest performance in 4Q2023

https://theedgemalaysia.com/node/697539

Posted by SinGor > 2024-01-16 22:58 | Report Abuse

from peak 2.75 trace down---average is 0.88. That is the temporary peak if price breached 0.30
Eight years downtrend washed majority resistance, so this is either a U upwards curve or L shape curve if
30 cents is breached-----If PNB jumps in, surely it will be L shape curve

Posted by Dehcomic01 > 2024-01-17 10:09 | Report Abuse

This is a Bursa energy services company that was only profitable in 3 out of the past decade. The last positive ROE was in 2019 but it was only a breakeven performance with 1.2 % ROE. The LTM projection is another breakeven return. If you are looking for other Bursa energy companies to invest in, there are better choices such as Dayang https://www.youtube.com/watch?v=quk378SFfCg

Posted by Lewis Lee > 2024-01-17 12:34 | Report Abuse

See ? I told you, this fatt king stu-pick Kenanga up TP to 0.26 !
When share price up, all analysts will queue up to UP TP !!! what a brainless job ?? 🤣

Posted by Lewis Lee > 2024-01-17 15:21 | Report Abuse

good thing about very-slow is despite major melt down of other counters, this counter still staying strong ! hopefully 😅💪

Posted by Macgyver111 > 2024-01-17 21:18 | Report Abuse

Maybank TP 0.34
HIB TP 0.29
Kenanga TP 0.26 ( 😆 )

Posted by Macgyver111 > 2024-01-17 21:22 | Report Abuse

“Our current forecast blended DCR for financial year 2024 stood at about US$120,000, which we think is too conservative following the contract extension with Carigali Hess Operating Co for 18 months at a day rate of US$135,000 for Naga 8.”

The research house said this development would serve as a benchmark for contract wins and renewals in the near future.

“We think the day rates of contract renewal with PETRONAS will likely exceed US$125,000, as we understand that Velesto is now bidding for new jobs with day rates at the range of US$125,000 to US$140,000, in line with market rates,” the research house said.

Posted by Macgyver111 > 2024-01-17 21:30 | Report Abuse

HLIB Research, which is maintaining its “buy” call on Velesto Energy with a target price (TP) of RM0.29, said it expects 4Q23 earnings to come in between RM28mil and RM35mil.

IB optimism on vele upcoming 4th qtr earning. Hope velesto won't disappoint us again.

Posted by SinGor > 2024-01-19 17:10 | Report Abuse

not able to break 30cents this week bcos 7 small Caps Hit Limit Down 3 days in a Roll---Bad sentiment.
Maybe Next week has "Blue Sky "

Posted by Felix888999 > 2024-01-19 18:23 | Report Abuse

Good thing the stubborn Kenanga IB finally upgraded Velesto from Sell to Hold with TP 0.26. 😌

Posted by EAGLE > 2024-01-23 15:10 | Report Abuse

Lai lai lai 28 sen

Posted by serpent100 > 2024-01-23 18:43 | Report Abuse

Super big elephant….

Posted by stainlyho37 > 2024-01-26 11:08 | Report Abuse

Perdana moving good....watch out Velesto now..!!! see u @ 0.30.....

Posted by Felix888999 > 2024-01-26 13:44 | Report Abuse

Whatever TP aku queue sell 0.295 2nd batch. 😎

Posted by Lewis Lee > 2024-01-26 14:28 | Report Abuse

need to break 0.28 baru ada chance !!

Posted by EAGLE > 2024-01-26 14:39 | Report Abuse

wallao manyak berat...lai laiii

Posted by 170679 > 2024-01-27 21:28 | Report Abuse

Don't enter WA, going expire soon. Strike Value 0.395. Dangerous

Posted by jenabchen123 > 2024-01-30 08:01 | Report Abuse

Too heavy lo this dragon related company. Cannot even breach 0.27

Posted by Expertise > 2024-01-31 16:02 | Report Abuse

perdana Mari ong dulu….

Posted by Michael Kwok > 2024-01-31 22:27 | Report Abuse

Velesto 26 cents
Can buy after cny 24 few days onward.
Support 24 cents(not to break or break not many times)
Tp 35-45 cents(if requirement fulfill)
31/1/24 10.30pm

Posted by RJ87 > 2024-02-02 09:39 | Report Abuse

Strange sudden sell down…

Posted by Expertise > 2024-02-02 09:42 | Report Abuse

They don want gv us ang pow @30 cent….put down and jackup..jerung so bad

Posted by Macgyver111 > 2024-02-02 10:55 | Report Abuse

Oh! NOOOOO!

Posted by Felix888999 > 2024-02-02 11:02 | Report Abuse

Brent oil fall below USD 80 ma. This Velesto very nakal one, just can't break 0.27.

Posted by RJ87 > 2024-02-02 11:04 | Report Abuse

Highly managed by PnB fund managers…selldown can only happen when they haven’t put in their queue in the morning. Lucky managed to collect 23.5sen.

Posted by RJ87 > 2024-02-02 11:05 | Report Abuse

All the puluh million buy queue are definite fund managers, it only appears 9.30am -10am.

Posted by SinGor > 2024-02-02 11:20 | Report Abuse

Big Shorties Hit Hard But PNB just pump-up---Shorties loss million in just one hour.....In arm twisting, you have
to make sure you got a bigger arm than PNB

Posted by specializedvenge > 2024-02-02 11:33 | Report Abuse

Lost 10% angpow opportunity

Posted by SinGor > 2024-02-02 11:59 | Report Abuse

today Volume should exceed 100mil ( atleast another 30mil buyback in afternoon by shorties )

Posted by Lewis Lee > 2024-02-02 12:21 | Report Abuse

those sapu-ed at 0.23 this morning will be HUAT Ah !!!!

Posted by RJ87 > 2024-02-02 17:10 | Report Abuse

20K shares transacted at 0.230, 7.7m traded at 0.235. Majority (30M ) traded at 0.255

Posted by RJ87 > 2024-02-04 13:40 | Report Abuse

Wonder what were they thinking when they doing the shorting.
——————————————-

SinGor
Big Shorties Hit Hard But PNB just pump-up---Shorties loss million in just one hour.....In arm twisting, you have
to make sure you got a bigger arm than PNB

Posted by RJ87 > 2024-02-05 08:30 | Report Abuse

Lai shorties, another round sell down today…

Posted by EAGLE > 2024-02-05 11:26 | Report Abuse

berani lagi ka? Laiii

Posted by RJ87 > 2024-02-06 09:30 | Report Abuse

Almost got show…I think FM woke up early today…price quickly supported

Posted by SinGor > 2024-02-07 11:17 | Report Abuse

Today i check again, No long term shorting for Velesto & Sap---Most likely price Manipulation before Q results.
When fundamental is very strong----Price manipulation by Sharks is the way to squeeze out extra profit

Posted by Lewis Lee > 2024-02-08 13:34 | Report Abuse

https://theedgemalaysia.com/node/700344

Posted by Lewis Lee > 2024-02-08 13:34 | Report Abuse

CGS-CIMB raises target price for Velesto to 29 sen in anticipation of robust 4Q earnings

Posted by Felix888999 > 2024-02-08 19:11 | Report Abuse

I forecast this coming quarter at least RM 30 million profit. No RM30 million please fire all the BOD!!! Because Makan gaji buta takda kerja!!

Posted by serpent100 > 2024-02-09 08:11 | Report Abuse

Ini kali laaa…oil price pecah 80 dollars again n again ….

Posted by serpent100 > 2024-02-09 08:12 | Report Abuse

9am terus jual…after lunch will drop back….stock oil n gas all like this

Posted by Felix888999 > 2024-02-09 12:57 | Report Abuse

Wishing everyone Happy New Year! May the CNY bring you joy and prosperity!

Huat aaaaaaaaah!

Posted by RJ87 > 2024-02-09 13:45 | Report Abuse

Here got PNB FM support price. But Safer counter is perdana, better earning visibility and balance sheet.

Posted by Macgyver111 > 2024-02-14 09:12 | Report Abuse

Some foreign funds take profit last few weeks (Statens, Vanguard and Norges bank). They sold almost 170mil shares. Wonder why price can't break the 0.275 wall. Let's see today.

Posted by specializedvenge > 2024-02-14 12:00 | Report Abuse

Need some new jobs to stimulate. So weak

Posted by EAGLE > 2024-02-20 10:25 | Report Abuse

When is the result coming?

Posted by serpent100 > 2024-02-20 12:30 | Report Abuse

Perdana come already…velesto sleeep lg

Posted by Lewis Lee > 2024-02-20 14:53 | Report Abuse

i guess the QR result will be very good !