KLSE (MYR): VELESTO (5243)
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Last Price
0.28
Today's Change
+0.005 (1.82%)
Day's Change
0.275 - 0.285
Trading Volume
40,838,100
No point if i sell at this level, it's just make the operator happy collecting lower. Maybe I am wrong, but fundamentally, it looks good. It's just in the technical analysis called "noise" made by syndicate group. However, I maintained that I will not averaging at this level because no more asset to be allocated.
2 weeks ago
I know you guys frustration. You guys maybe miss lot of opportunities in Data centre counters that recently emerged hot..go all time higher. Smart said, don't put all your eggs in one bucket. I used to kept some spare money to use during this kind of bull run. But believed me, Velesto will erupt suddenly without notice..happened before. For those who follow veleslow for long period will know the real story. Patience sabar.
2 weeks ago
https://oilprice.com/Energy/Crude-Oil/80-More-Years-of-Oil-The-Big-Attraction-of-Carbon-Capture.html
_____________________________
80years more for oil usage ( DonT dump your Old proton saga yet ---save for your grand Children )
2 weeks ago
Falling wedge ...possible 0.25 is bottom. No point selling now continue to hold and wait for top
1 week ago
It is not a question of reaching bottom or price falling, it is running flat. Normally, mid-to-long-term investors see like this...before it reaching the next level. For untrained eyes, they see zig-zag patterns. For short traders, they will make noise...lousy stock lah, go Holland lah and so on.
1 week ago
still have rig contracts. not as good as data centre frenzie but double bottom for a reversal up soon from 0.25. It is not like it is a P17 company... has a reducing debt equity ratio from 49% to 13%. Maybe drop because PE higher than dayang hibiscus.
1 week ago
if you see the weekly chart it is on a rising sma20 and at bottom of linear regression channel. I opine it is still positive although not as good as EG Notion JCY hexcap etc
1 week ago
Walaoeh, oil price spike up like mad !
Brent closed at=> $86.01 +0.77 +0.90 %
Heng ah, Ong ah, Huat ah !
1 week ago
Walaoeh, what happend ?
Super damn hot man Velesto today !
Now Velesto was traded at @0.255 (+0.005) (+2.0 %)
Heng ah, Ong ah, Huat ah !
1 week ago
Expertise, the dip is 25 cent this morning if you able to grabbed it, now no more already !
From today onwards is the start of bull run for O & G counters already !
T.p for Sep 2024 => 0.30
T.p for Dec 2024 => 0.50
T.p for Mar 2025 => 0.70
T.p for Jun 2025 => 0.90
T.p for Sep 2025 => RM1.20
T.p for Dec 2025 => RM1.50
Heng ah, Ong ah, Huat ah !
1 week ago
Expertise, the dip is 25 cent this morning if you able to grabbed it, now no more already !
From today onwards is the start of bull run for O & G counters already !
T.p for Sep 2024 => 0.30
T.p for Dec 2024 => 0.50
T.p for Mar 2025 => 0.70
T.p for Jun 2025 => 0.90
T.p for Sep 2025 => RM1.20
T.p for Dec 2025 => RM1.50
Heng ah, Ong ah, Huat ah !
1 week ago
Hope is not a fake rebound lor...risky too ,the chart near sma200 that bottom aroun 20cents..Heng ah
1 week ago
Wow, Fantastics !
Now Velesto was traded at @0.26 (+0.01) (+4.0 %)
Heng ah, Ong ah, Huat ah !
1 week ago
Some institutional take profit last couple weeks including HL bank, Manulife, Fidelity and etc. I saw some new IB (foreign bankers), take this opportunities and buy in during price drop. Hope price will rise back after this.
5 days ago
CGSI Research said Velesto’s rig schedule suggests that it could hit over 90% utilisation in FY25.
PETALING JAYA: Velesto Energy Bhd is building strong earnings visibility for its financial year ending Dec 31, 2025 (FY25) and FY26, says CGS International (CGSI) Research.
The research house said Velesto’s latest rig schedule suggests an 82% rig utilisation rate for FY24, given all six of its jack-up rigs have already locked-up their contracts, with potential to rise above 90% in FY25, and at least 85% in FY26.
As Velesto is bidding for FY26 work in today’s high daily charter rate (DCR) environment, there is potential to sustain high profitability for the next three years, it noted.
“The key uncertainty is for second half of this year (2H24), where Velesto will send three of its rigs (Naga 2,
“Naga 2 is contracted to drill for PETRONAS Carigali Sdn Bhd (PCSB) from Oct 2024 to Feb 2026; Naga 4 will drill for PCSB from Sept 2023 to Feb 2026; Naga 6 is contracted by PCSB from Dec 2024 to Feb 2026; while Naga 8 has been drilling for Carigali Hess since July 2023 and will continue until Oct 2025,” it said.The research outfit, however, pointed out that big gaps in the FY25 schedule are for Naga 3 and Naga 5.
But, citing data provider Riglogix, CGSI Research said Naga 3 may work for Indonesia’s national oil company PT Pertamina for two years commencing April 2025, while Naga 5 may drill for PTT Exploration and Production in Malaysia for two years commencing Dec 2024.
5 days ago
My expectation is Velesto should breached 50cents in 3rd Qr given 2Qr results will be surprising Good
Nothing Bad is announced as of today 30June. I think peak earning is in 2Q24
3 days ago
Hurricane in the USA is coming in n will be stronger which will disrupt oil prices which will see a need to do more drilling else where
3 days ago
volcano suda mau meletup? berapa lama lagi sindiket mau tahan...contra players pigi jauh2
2 days ago
Walaoeh, oil price spike up crazily !
Brent closed at=> $86.60 +1.60 +1.88 %
Like that today Velesto going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
1 day ago
Walaoeh, what happend ?
Super damn hot man Velesto today !
Now Velesto was traded at @0.275 (+0.01) (+3.8 %)
Heng ah, Ong ah, Huat ah !
1 day ago
Wow, Amazing !
Now Velesto was traded at @0.28 (+0.015) (+5.7 %)
Heng ah, Ong ah, Huat ah !
1 day ago
oil will surely breached $90---Israel / Hezbollah war impeding and USA summer Driving
22 hours ago
Hong Leong and Maybank said 0.35. But 0.45 more logical with Hurricane Category 5 now attacking USA and Maxico oil facility can supply cutting by OzPEC members. Oil heading to $100 per barrel giving more money chance to Velesto. And the company now in black with more dividend payout to be given! Off you go, Velesto!
9 hours ago
Neoh10855
Dreaming..
2 weeks ago