Posted by SinGor > 2024-07-26 17:50 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/Kuwait-Announces-Massive-Offshore-Oil-and-Gas-Discovery.html
_____________________________________________

All jack-up Rigs Dumped by Saudi will be taken over by Kuwait New Offshore New Fields-----

Posted by Macgyver11 > 2024-07-28 20:46 | Report Abuse

https://www.upstreamonline.com/rigs-and-vessels/offshore-drillers-big-win-in-brazil-a-vast-improvement-on-suspended-saudi-contract/2-1-1683678

Grounded Borr drilling rigs hired by Brazil. Among many rigs that suspended by saudi only one rig managed to secured contract in offshore of Malaysia. Very sad to read that they're paid US185k meanwhile Petronas pay Velesto below US130k.

Posted by SinGor > 2024-07-29 09:14 | Report Abuse

Bloody Petronas---only "Eat" Kampong Boys

Posted by Macgyver11 > 2024-07-29 17:36 | Report Abuse

Hv no idea why Velesto keep on dropping dispite good qtr earning, higher DCR compared with previous years and full order book. Can any one explain that?
Eeeem! 😣😞

Posted by madakiman > 2024-07-29 17:42 | Report Abuse

Because technical support at 0.22?

Posted by bhza2012 > 2024-07-30 10:23 | Report Abuse

Hoyoo.. apa citer velesto. Turun lagi

Posted by RJ87 > 2024-07-30 11:34 | Report Abuse

Just bite the bullet I guess.

Posted by leeabraham > 2024-07-30 11:51 | Report Abuse

what going on ?

Posted by Rwan88 > 2024-07-30 16:17 | Report Abuse

collect bullet for batle next 2 week.... as bank said "hold". I trust them

Posted by Macgyver11 > 2024-07-30 21:55 | Report Abuse

Sarawak's Ministry of Utility and Telecommunication announced on May 13 that Petroliam Sarawak Bhd (Petros) will take over Petronas' role in all natural gas trading activities in the state, effective July 1.

For me it's good news indeed. Petros want to dig oil meanwhile Petronas also want to dig oil..so the demand for rigs services will rise up. Maybe renting rigs to Petros can get higher DCR.

Posted by Macgyver11 > 2024-07-30 21:59 | Report Abuse

To all Velesto BOD, move your rigs to sarawak offshore...boikot Petronas 😂🤣

Posted by RJ87 > 2024-07-30 22:15 | Report Abuse

Pu-ki-mak Ambank issue call warrant VELESTO-C38 and then talk sh*it about Velesto. Very clever.

Posted by Goodwill5 > 2024-07-31 13:02 | Report Abuse

Price of Velesto hit Double Tops at price RM0.315; From that resistance of RM0.315, price structure started Liquidity Run downward or downtrend until now price structure is in consolidation with a Flag Pattern waiting to make a breakout thr ough upper boundary of Flag Pattern; base on the consistency of RM 60 million profit per quarter for 12 months, the price structure will achieve RM0.64 in coming months.

Posted by Michael Kwok > 2024-07-31 13:46 |

Post removed.Why?

Posted by Goodwill5 > 2024-07-31 14:50 | Report Abuse

Number of shares is 8216 millions; If profit per quarter is RM60 millions, profit for one year will be RM240 millions. EPS will be 2.92 cents, Dialog PE ratio is almost 25x; Price structure for Velesto will be RM 0.0292 x 22=RM0.64

Posted by bosskubakery > 2024-07-31 15:53 | Report Abuse

velesto boleh !

Posted by paperhand123 > 2024-07-31 16:57 | Report Abuse

64 sen gogogo

Posted by mikeann > 2024-07-31 17:15 | Report Abuse

Bargain Hibiscus & Velesto
Further weakness on Hibiscus should attract buyers looking for rebound upside, with a breakout above the 50-day ma (RM2.43) to aim for the 61.8%FR (RM2.50) and 76.4%FR (RM2.65) ahead, while key retracement supports at the 38.2%FR (RM2.25) and 23.6%FR (RM2.09) cushion downside.

Velesto will be attractive to bargain on any dips towards key chart supports at the 61.8%FR (22sen) and 50%FR (19sen), while oversold rebound should be capped by the 200-day ma (26sen) and 29sen.

TA Sector Research

Posted by VeneerWood > 2024-07-31 18:38 | Report Abuse

HLIB tells investors to buy Velesto on weakness 😆

https://theedgemalaysia.com/node/717662

Posted by Macgyver11 > 2024-07-31 21:47 | Report Abuse

HLIB owned biggest portions. Last week they collect more through various funds...maybe what they said true otherwise they won't collect recently. Can collect more if you got extra cash.

Posted by DividendGuy67 > 2024-07-31 23:39 | Report Abuse

Here's what I see ...
https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-31-story-h-155233923-VELESTO_Elegant_Chart

Looks like a high probability setup, with great RRR no?
Disclaimer: As usual, you are solely responsible for your own trading and investing decisions.

Posted by DividendGuy67 > 2024-07-31 23:59 | Report Abuse

Or too good to be true? 🤣
PS. Nothing is guaranteed - all "high probability" setups eventually fail.
PS2. The long red candle this week is scary indeed, but not final yet and volume is still not yet complete.
PS3. Whilst charts are beautiful, I'll take fundamentals over technicals any time. Out of the past 10 years, this company's EPS is negative 70% of the time and positive only 30% of the time - won't invest for sure. Maybe cyclical, if trade, must sell later and not hold forever. Last quarter EPS is higher YoY, but no idea if will continue higher in future quarters or not.

Posted by SinGor > 2024-08-01 09:06 | Report Abuse

none cash gain ( forex Gain ) will significant Bump-up Velesto Net profit for next 2 Qr ( 3Qr & 4Qr ) Given
Powell said Sept Rate Cut----Ringgit might Hit 4.2 and below 4.0 in 1Q25

Posted by hzboi > 2024-08-01 12:25 | Report Abuse

Now that is actual tension in the Middle East, you don’t think Malaysian rigs will benefit? We are one missile away from seeing oil shoot back up to $80.

Posted by Goodwill5 > 2024-08-01 22:04 | Report Abuse

Velesto plotted morning star candle sticks pattern which signify that the reversal trend will be started soon

Posted by Skywalker00 > 2024-08-02 17:41 | Report Abuse

Anyone knows if it’s just bad jockey or overpaid jockeys!!!!! Last time UMW cut them bcos of bad jockeys or overpaid jockeys???

Posted by VeneerWood > 2024-08-02 19:42 | Report Abuse

because of uncontrollable jockeys, may be

Posted by RJ87 > 2024-08-03 09:48 | Report Abuse

wait israel hit iran oil refinery and price will go above 100usd a barrel

Posted by SinGor > 2024-08-05 08:57 | Report Abuse

Israel / Iran War is no longer "Maybe " ----it will definitely Happen ---just when

Posted by bhza2012 > 2024-08-05 14:59 | Report Abuse

Mandi darah .. hayoyo

Posted by bullrun168 > 2024-08-05 15:44 | Report Abuse

Sailang all my belongings till underwear to buy-in Velesto at @0.19

Posted by leeabraham > 2024-08-08 15:30 | Report Abuse

koyak

Posted by hafizduhari > 2024-08-10 12:42 | Report Abuse

@SinGor how come?

Posted by Macgyver111 > 2024-08-14 13:36 | Report Abuse

Aiya! My dear Velesto, when are you going to wake up? Jgn ler test kita up to maximum. Rambut I pun sdh beruban..😂😁😀

Posted by azfar8 > 2024-08-14 17:03 | Report Abuse

Ya la, kasi sikit happy la. sama-sama happy... sudah tak larat tunggu dah, though baru saja reentry last quarter result...

Posted by Macgyver111 > 2024-08-14 20:27 | Report Abuse

BusinessToday

Home News
News
Velesto, Top Pick For Oil Sector
By Business Today Editorial -August 13, 2024

Velesto Energy Berhad has been maintaining a steady course despite market fluctuations. Following a recent visit to the Naga 2 jack-up drilling rig, analysts have revised their earnings projections slightly, adjusting FY24-26 estimates by 0% and -5% respectively due to anticipated softness in the rig market.

The updated target price of RM0.32 reflects a marginal decrease of 1 cent, maintaining a 13x mid-FY25E EPS valuation. Analysts retain a BUY call on the stock, highlighting Velesto as a top pick within the sector.

The Naga 2 rig, operational since 2009 and currently undergoing its third Special Periodical Survey at Seatrium’s yard, has demonstrated solid performance across Indonesia, Vietnam, and Malaysia. It remains a robust asset, capable of drilling in water depths up to 350 feet and up to 30,000 feet deep. With its strong contract portfolio, including long-term agreements for several rigs through early 2026 and potential new contracts on the horizon, Velesto is well-positioned to weather any client capex deferment impacts.

Analysts remain optimistic about Velesto’s growth prospects, forecasting a significant 53% increase in EPS for FY25 and affirming the stock’s favourable risk-to-reward ratio.

Posted by diuleiloumei > 2024-08-15 21:06 | Report Abuse

Analysts tepi jalan

Posted by harvest6138 > 2024-08-16 09:06 | Report Abuse

Keyfield just released amazing QR , this could be a good sign for most of the O&G counters as this could be one of the most profitable segment now in Bursa , lets see ..

Posted by Macgyver111 > 2024-08-16 16:53 | Report Abuse

Another week has just gone flat, with empty hope. Let's see what next week brings for us. 

Posted by diuleiloumei > 2024-08-16 21:05 | Report Abuse

Sell la no hope

Posted by Macgyver111 > 2024-08-17 14:35 | Report Abuse

Good company, why do you want to sell? Upcoming profit secured. Another few weeks to go. Wait till the second quarter, then everything might change.

Posted by Macgyver111 > 2024-08-17 14:42 | Report Abuse

If they can show another 50 to 70 million record-breaking profit, then all the sharks will rush in to buy. Buy low, sell high.

Posted by hafizduhari > 2024-08-18 23:50 | Report Abuse

hopefully can fly 0.35 until 0.40

Posted by azfar8 > 2024-08-19 11:25 | Report Abuse

0.27 boleh tunggu, takkan nak jual 0.20, kalau betul mau juai, 0.25 jual la that day... But i still want to stay, maybe i am wrong, but that's the risk that traders or investors have to take. Good luck to you if you part ways, may people who stays, be rewarded big2...

Posted by harvest6138 > 2024-08-19 18:33 | Report Abuse

Perdana just released record breaking QR , market will realize the potential of O&G counter soon ..

Posted by Macgyver111 > 2024-08-20 16:05 | Report Abuse

This week and next are crucial for us to determine the quarter result. Observe the volume and price movements. Good luck to all. My personal bet is on a good result.

Posted by SinGor > 2024-08-21 11:00 | Report Abuse

https://www.reuters.com/markets/hedge-flow-hedge-funds-sell-planes-trains-automobiles-buy-energy-stocks-says-2024-08-19/
__________________________
Hedge fund loading Oil stock, you know Oil is value for money

Posted by Ninja _07 > 2024-08-21 16:00 | Report Abuse

Hidup Minyak

Posted by EAGLE > 2024-08-22 10:49 | Report Abuse

https://www.upstreamonline.com/exploration/petronas-intensifies-regional-exploration-with-malaysia-wildcats-aplenty-in-2024/2-1-1695539

walaoweh bole fly ini macam

Posted by Macgyver111 > 2024-08-22 13:39 | Report Abuse

Amanah and KWP are disposing their shares in Sime Darby and TNB. Guess where they want to park their money next...