VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
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Last Price
0.205
Today's Change
+0.01 (5.13%)
Day's Change
0.20 - 0.21
Trading Volume
35,919,000
Changes
| Ann. Date | Date | Type | Name | Title | View |
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Discussions
29 people like this. Showing 50 of 24,266 comments
Wow. You guys are really doing your job nicely, know the company well. Keep it up.
1 month ago
Warren Buffett top pick during this uncertain time...
1. Oil & Gas (Oxy)
2. Insurance (CB)
3. Lsxmk and Lsxma (media/publishing)
1 month ago
OPEC+ has started discussing a possible delay to their planned easing of the production cuts after oil prices crashed in the past days to the lowest level in 9 months, sources in the alliance told Reuters on Wednesday.
1 month ago
I thought I am smart sold some at.27 and bought back some at .22
Up car too at last.
1 month ago
I have 3 stock on hand included this stock, all with good QR but the price move down to holland. KLSE is really suck.
1 month ago
alot of my contacts have exited Bursa and explored other markets.....easily and heavily manipulated....
Doing the same now....
1 month ago
PMX very smart..
"Prime minister wants Sarawak's demands to be managed “at the corporate level with Petronas without involving the federal government”.
4 weeks ago
If the federal government is not allowed to interfere and the deal is handled at the corporate level, then the chances for Petronas to win the court cases are high.
4 weeks ago
The deal is not yet over. It looks like Petronas is not going to give it up easily, and there might be some sort of government intervention in it. It was all about government royalty from Petronas. If Petronas revenue decreases, so will the government revenue. Think who will win the court case?
If Petronas wins, then Velesto shares price 🚀🚀🚀
If Petros then Velesto share --------------will be flat for some time.
4 weeks ago
Kami meninggalkan taklimat penganalisis VELESTO dengan perkara penting berikut: (i) Kadar penggunaan yang lebih baik daripada Naga 3 dengan DCR yang lebih tinggi daripada Naga 3 dan 5; (ii) Kadar penggunaan keseluruhan yang lebih rendah untuk dilihat pada 2HFY24 & FY25; dan (iii) Kecekapan operasi yang lebih tinggi untuk Perkhidmatan Penggerudian. Dengan pelarasan untuk kadar penggunaan keseluruhan yang lebih rendah tetapi kadar hari yang lebih tinggi dan kecekapan operasi yang lebih baik, kami melaraskan pendapatan kami untuk FY24/FY25/FY26 sebanyak +4.3%/- 11.7%/+24.1%. Kami menyemak sedikit TP kami kepada RM0.30/saham (sebelum ini RM0.34/saham) berdasarkan 12x CY25 EPS. Kekalkan Beli.
3 weeks ago
given many good news & recent good quarter report, but the price is still going further down, my interest to stay investing is start to fade. at least, stay above 0.20 cent. but keep on going down since the first quarter result, it's not something to be celebrated.. I am thinking to cut loss already.
3 weeks ago
Given what you said up there this means the stock is undervalued and being pressured by market decline O&G prices declined
I think you should be buying more at this point and waiting for market and sector correction
There is nothing wrong with the stock itself
3 weeks ago
Must understand, the market sentiment drags the price down not because of Velesto performance. 3 reasons for that
1st dispute between Petronas and Sarawak government (still on going)
2nd oil price drop
3rd recession fear shadowing the investors.
Wait for the court verdict in between Petronas and Sarawak government dispute...then everything might change.
Other O&G counters also drop (Armada, and Perdana)..even those who invest in Armada and Perdana also cursing... there's nothing we can do.
3 weeks ago
I like this guy's opinion on crude oil forecast...
https://m.economictimes.com/markets/expert-view/why-are-crude-oil-prices-falling-despite-a-weakening-dollar-rakesh-arora-answers/articleshow/113256186.cms
3 weeks ago
Ya maybe. That's why insiders buy. When Datuk Ling Kien is buying, that means for the short term. He might dispose at 0.30. Look at his past transactions. He does that frequently. Free lobster lah.
3 weeks ago
Almost all the IBs have buy calls on this counter with tps of above 30 sen a share but it just refuses to move up.
3 weeks ago
Don't make conclusion quickly. Need to break 0.25 first otherwise it's purely drive by Brent.
3 weeks ago
US Fed's 50-bp rate cut seen unleashing funds into Malaysian assets :: https://theedgemalaysia.com/node/727327
2 weeks ago
foreign buying, local quite----last round foreign selling, maybe different group started buying velesto again
1 week ago
https://oilprice.com/Latest-Energy-News/World-News/OPEC-Says-Phasing-Out-Oil-Is-Just-A-Fantasy.html
_______________________________________________
EU forcing others developing countries to go Green has suddenly losses All its teeth bcos BRICS suddenly
formed----BRICS are saying United Nations can kiss "my ass" on Climate policy. To pass ANY UN policy,
you need only EU and USA( total control ), now we have United BRICS council ( i coined this name ) controlling 59% of World trade
1 week ago
Is Velesto paid in USD ? If so, won't its revenue get massively affected by RM appreciation ?
1 week ago
Management didnT used Forex gain / loss in recognising Net profit so you see little impact ( QoQ. But higher ringgit will surely low profit ( a certain extend only ) bcos Contracts are in US$---However if ringgit trend is strong
management can always hedge against spare parts ( drill Bits, piping and even salary in Thailand & Vietnam )
1 week ago
https://timesofindia.indiatimes.com/india/iran-israel-conflict-lufthansa-frankfurt-to-hyderabad-mumbai-flights-return-to-germany-swiss-says-india-flights-to-get-longer/articleshow/113861739.cms
Israel -iran conflict started...Brent might touch usd 80 again.
4 days ago
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
October 4, 2024 3:14 AM GMT+8
Reuter
HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.
2 days ago
Small investors won't be able to move the market. You need institutional investors/syndicates to drive up the market. We are just followers and sadly often the losers.
2 days ago
If you want strong oil price now then pray for full scale war in the Middle East but then only oil and may be plantation counters will go up while the rest will tumble.
2 days ago
Listening to news last 2 days, it looks almost sure Israel will strike Iran Oil Export terminals----Maybe next week
Oil will breach $ 80 +++ Iran will surely Hit Israel with 200++Ballistics Missile Again---My guess war
will not End so easily in 2024
1 day ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
SinGor
Malaysia population 33 mil----Thailand 72mil---Vietnam 99mil---Indonesia 283mil---Bangladesh 173mil---
Malaysia CAN export Oil bcos of population Size. Thai, Vietnam, Indo, Bangla All has coastal Oil Deposit
but their Oil exploration is way behind Malaysia in Size bcos their Economy just Exploded at the same
time as China ( 2000--2020 ). ( Malaysia Oil exploration date back in 1960 )
Population dictates Oil consumption--Thailand & Vietnam are pumping hundreds of million to Find Oil---
You really think Velesto has to depend on Petronas ---By the way Thailand pays more for Velesto Rigs than
Petronas
1 month ago