Supportive domestic capex by Petronas a boon for local oil and gas players. Premised on this and guided by the 3- year Petronas Activity Outlook (2023-2025), we see potential beneficiaries arising from a broad spectrum, as follows:
i. The rise in planned upstream activities, particularly for re-activation of idle wells and offshore platform fabrication that could benefit Velesto Energy, Malaysia Marine & Heavy Engineering and Sapura Energy;
ii. Stable provision of offshore support vessels (OSV) to support well drilling and projects (beneficiaries: Dayang Enterprise, Icon Offshore, Perdana Petroleum, Alam Maritim Resources and Coastal Contracts); and
iii. Catch up in planned offshore maintenance, construction and modification (MCM) works which have been delayed due to the Covid-19 pandemic (beneficiaries: Deleum (BUY, FV1.66/share), Dayang Enterprise, Sapura Energy and Icon Offshore).
Petrobras spent the last two years replenishing its fleet and chartered over a dozen rigs for work in Brazil at a moment worldwide demand for deep-water equipment is strengthening and close to maximum utilisation, pushing dayrates close to the $500,000 threshold. ______________________________
Have no idea why and how Brazil Rigs can get $500,000 DayRate??? Velesto is Totally CON by Petronas
Next 2 years Petronas has booked 3 velesto Rigs ------giving about 152mil Revenue per Qr... As i said before 4Q23 results will be the max Revenue and future revenue will bound around this #--- Looks like my prediction is closed. Velesto Revenue for 2024 per Qr will be around 350--360mil with profit around 66--75mil ( about 280--300mil per year )-----PNB has saved Velesto from Bankruptcy. In 3 years PNB Onebillion cash injection will be fully Covered -----A very Good Investment for PNB *****What is for me---DonT know yet******Let Banker TaiKo decide
guys i think monday will defitinetely break the 30 cents barrier.for those who held velesto untill now will get a good payout if bought before friday closing.hoping for a great opening on monday for velesto.
Limit down ler..mana ada sejarah selepas good news announcement velesto limit up. Velesto not a limit up counter, Velesto rise slow and steady. As I said earlier below 0.30 is good buying for mid term investment.
Release announcement on Friday give "Long Term" players 2 days to think it over----Regardless what punters will rush in Monday but it will be pump and dump scenario without Long Term players--- If Bankers sapu on Monday then Liquidity will Dried up quickly-----sending panic signal to ikan Bilis----Gate crushers will rush in ( really donT care about price, just want tickets )
next monday all fart king stool pick analysts will rush to up TP to 40cts !!! all long term investors are going to laugh all the fatt king way to fatt king bank liao !! Huat ah !!!!!!
There are 3 Dark horses might take lead in Buying ---PNB 41%, HongLeong ( 7%) and EPF ( 0% ) EPF is the darkest of the Dark Horses. EPF used to hold about 7--9% or more. From a base of Zero EPF will be the strongest Buyer with very Deep, Deep pocket IF and if EPF is interested
Velesto Energy Bhd has secured a two-year contract extension for the provision of three jack-up rigs to Petronas Carigali Sdn Bhd, for US$265 million (about RM1.26 billion). The group announced that the notice of assignment for the jack-up rigs, being Naga 2, Naga 4 and Naga 6, began on Feb 7, 2024 and will continue until Feb 6, 2026, inclusive of the continuation from the current drilling campaign. Individually, the contract value is worth US$73.04 million for Naga 2, US$94.88 million for Naga 4 and US$97.08 million for Naga 6. — Velesto bags two-year contract extension worth US$265m from Petronas Carigali
Even new contract coming in will not change much share price lorrrr .... In hand contract already about 4.0Bil daaa Maybe few minutes going up later drop below 280 bro Good luck 😂😅
Big2 Institutional including foreign funds won't buy for contracts announcement actually, they already knew it earlier before announcement (get from insider news...pay money lar)...nevertheless they already load kaw2. Maybe medium shark buy to today to push the price hope other will follow...quick profit. Normally bilis kena hit lah.
Maybe, maybe not. Some syndicates got allocation of huge fund (black syndicate lah)..they aligned and communicate through various groups. If really EPF joining the party then I guess good news for all of us..TP 0.50c achievable. Standby buckle up seatbelt..hope for the best.
Kenanga Investment Bank has increased its FY2025 earnings forecast for Velesto by 10%, attributing it to a higher average DCR of US$125,000 compared to the previous US$122,500 estimated previously. Consequently, it has revised its TP upward by 10% to 34 sen from the previous 31 sen.
this stool pick IB call for sell at TP 0.18 one year ago !! 🤣.... now has the highest TP of 0.34 !!
if price donT move but heavy Vol----Only 2 reason: ikan bilis pump & dump Or Whale buys 100mil and dump 40mil to block price from going up-------Today no vol, then last nite is ikan bilis pump & dump
Akan jd giler….pengalaman bg kita tau jgn beli counter volume share yg banyak….beli sama sector yg share kurang ckit….velesto good news out,Perdana yg up up crazy
Yes it will give you total disappointment even can dip to the lowest price as possible to frustrate the weak holders and force them to sell. Those got strong holding power eventually get the reward. Velesto in uptrend with healthy cash balance and huge order in hand.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newbietrader9
104 posts
Posted by newbietrader9 > 2024-03-15 09:27 | Report Abuse
little more dip & I'm in