VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.235

Today's Change

-0.02 (7.84%)

Day's Change

0.23 - 0.255

Trading Volume

319,421,800

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
28 people like this. Showing 50 of 24,067 comments

hafizfizor90

and fly

1 week ago

Macgyver111

I feel like still not fundamental yet..velesto price rise due oil price sentiment. Hv to wait till 2d qtr.

1 week ago

Macgyver111

KUALA LUMPUR (July 3): Hong Leong Investment Bank (HLIB) has advocated investors buy Velesto Energy Bhd (KL:VELESTO) on weakness, in anticipation of strong earnings in the coming quarters amid persistent jack-up (JU) rig crunch in Southeast Asia.

In a technical tracker note on Wednesday, the research house said that for the second quarter of financial year 2024 (2QFY2024), it expects Velesto’s JU rig utilisation to remain above 90%, with full-year utilisation projected at 85%, slightly higher than FY2023’s 83%.

“Additionally, the renewal of the umbrella contract with Petronas Carigali, featuring a higher daily charter rate of approximately US$140,000 (RM660,766) — up from US$100,000 — will contribute positively to Velesto’s earnings from 2Q2024 (second quarter of 2024) onwards.

“We project Velesto’s earnings to surge 89% in FY2024, with an additional 9.6% increase in FY2025.

“All in, we maintain a 'buy' call on Velesto, with a target price of 35 sen,” it said.

HLIB said that technically, Velesto is trading near its long-term support region of 25 sen to 27 sen with indicators showing uptick bias.

“A successful breakout above 28.5 sen will signal a new uptrend and spur the price toward 30 sen-32 sen-34 sen levels.

“Cut loss at 24.5 sen,” it said.

1 week ago

Macgyver111

Wow! Petronas paying them DCR usd 140,000. I strongly believed they going to come out with excellent 2nd qtr result. 🚀🚀🚀

1 week ago

EAGLE

Walao tomorrow fly

1 week ago

bullrun168

Walaoeh, what happend ?
Super damn hot man Velesto today !
Now Velesto was traded at @0.29 (+0.01) (+3.6 %)
Heng ah, Ong ah, Huat ah !

1 week ago

hafizfizor90

confirm fly

1 week ago

SinGor

Last Qr average day rate is $107,000 per day----So increase Per rig is RM145,200 X 76day (per Qr assuming 85%
run-time )----Per Rig based on $140,000 is RM 11,107,800 Extra compare to last 1Q24
How many Rigs get $140,000 Day Rate?? Your Guess is as Good as mine----I say 3 out of 6 Rigs Or another
Rm33 mil revenue extra for 2Q24----As i say 2Q24 is Good---very Good

1 week ago

Baby Shark

Orang lari lu beli.. boloh

1 week ago

Neoh10855

Lousy back to 0.27 🤭Perdana 0.46✌️

1 week ago

Expertise

Veleslow Lousy ,so stubborn always pull back to 265,when want jump to moon..perdana make me few round already

1 week ago

Macgyver111

Sometimes Velesto really tests our limits. But I always persuade myself by saying, 'No matter is their day, tomorrow might be Velesto's day.' I still believe (no doubt on that) that once it starts giving you, it's going to be unlimited.
Question is when????
Sabar.Cool 😎

1 week ago

hafizduhari

I just put 1k unit for TP 0.265 🤣then same like parkson liao. Hopefuly pak tua comingg tut tuttt

1 week ago

RJ87

sigh last time I enter both perdana and velesto at 21.5sen. Took profilt from perdana and buy velesto at 31.5sen.
This f*ckka stuck 25-30sen since making me missed all the opportunity at perdana.

1 week ago

Macgyver111

Velesto Energy Berhad had debt of RM350.3m at the end of March 2024, a reduction from RM565.6m over a year. However, because it has a cash reserve of RM159.7m, its net debt is less, at about RM190.6m.

1 week ago

Macgyver111

According to the last reported balance sheet, Velesto Energy Berhad had liabilities of RM427.3m due within 12 months, and liabilities of RM236.4m due beyond 12 months. On the other hand, it had cash of RM159.7m and RM424.8m worth of receivables due within a year. So it has liabilities totalling RM79.3m more than its cash and near-term receivables, combined.
Of course, Velesto Energy Berhad has a market capitalization of RM2.26b, so these liabilities are probably manageable. But there are sufficient liabilities that we would certainly recommend shareholders continue to monitor the balance sheet, going forward.
We use two main ratios to inform us about debt levels relative to earnings. The first is net debt divided by earnings before interest, tax, depreciation, and amortization (EBITDA), while the second is how many times its earnings before interest and tax (EBIT) covers its interest expense (or its interest cover, for short). This way, we consider both the absolute quantum of the debt, as well as the interest rates paid on it.
Looking at its net debt to EBITDA of 0.45 and interest cover of 5.4 times, it seems to us that Velesto Energy Berhad is probably using debt in a pretty reasonable way. But the interest payments are certainly sufficient to have us thinking about how affordable its debt is. Notably, Velesto Energy Berhad's EBIT launched higher than Elon Musk, gaining a whopping 937% on last year. There's no doubt that we learn most about debt from the balance sheet. But ultimately the future profitability of the business will decide if Velesto Energy Berhad can strengthen its balance sheet over time.

1 week ago

Macgyver111

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin.

1 week ago

bullrun168

Walaoeh, what happend ?
Super damn hot man Velesto today !
Now Velesto was traded at @0.275 (+0.005) (+1.9 %)
Heng ah, Ong ah, Huat ah !

6 days ago

Macgyver111

Some IB give bad coverage on Velesto. Same issues brought forward again and again. This gives a negative impact on share price. Actually, the middle east suspended rigs nothing to do as Velesto have already secured solid contract with Petronas till 2025. Very sad to see certain IB purposely downgrade Velesto.
Armada and Perdana get the credit...

5 days ago

hzboi

Tangan ghaib suppressing this stock price. Oh well

5 days ago

Neoh10855

Huat Ah 🤣

5 days ago

Macgyver111

It's stressful to see Velesto lagging like this. But remember this famous quote: Be fearful when others are greedy, and be greedy when others are fearful. Velesto is being cursed and feared by everyone, despite the fact that they have a strong track record for revenue. The exact time to collect and hold until the time comes. Agreed, it might be late, but you will be rewarded big.

4 days ago

hafizfizor90

everyday going down better go to Perdana

4 days ago

Neoh10855

Don't la.. U will miss the reward later 🤭

3 days ago

Macgyver111

Stock market unpredictable..😂🤣

3 days ago

EAGLE

Opportunity to buy cheap. Must be good 2nd quarter, IB spreading negative news to collect. Setting the stage for tapau ikan bilis.

3 days ago

bhza2012

Haiyo, turun lagi. Nasib baik support kuat.

2 days ago

8u29song

unpredictable.

5 hours ago

8u29song

Haiyo

5 hours ago

Farmost88

What happen to this stock?

5 hours ago

prudentinvestor

Trump should be elected President of the US come November. The war in Ukraine is likely to end and price of gasoline will come down.

4 hours ago

brandon99

If Trump loses, US will be facing a civil war.

4 hours ago

leeabraham

what happened today

4 hours ago

8u29song

turun lagi

4 hours ago

leeabraham

very depressed me but my colleague lagi as kena margin call

4 hours ago

hzboi

this volume is very crazy

4 hours ago

specializedvenge

What is this.
Lower high and lower low

4 hours ago

surviver

The trade volume is very high. This could be a good sign.

3 hours ago

Michael Kwok

Velesto 24.5 cents
If 15-17 july no go back 26 cents,a must throw.
15/7/24 11.55am

3 hours ago

Expertise

Volume high easily play by IB and shark..I lose few cent too..2 week red red manage get few at 0.24…haiyaa velesslow

3 hours ago

bullrun168

Walaoeh, what happend ?
Super damn hot man Armada today !
Now Armada was traded at @0.585 (+0.015) (+2.6 %)
Heng ah, Ong ah, Huat ah !

3 hours ago

bullrun168

Sailang all my belongings till underwear to buy-in Velesto at @0.24
Heng ah, Ong ah, Huat ah !

3 hours ago

RJ87

Accidentally sapu another 500K shares at 0.250 let's see how next month QR.

3 hours ago

bhza2012

Wait for the best price to collect more

2 hours ago

RJ87

Strange strange, if they want to take profit. They do quietly at high price.

Shakeup like this, with such big volume; really no idea what they upto. Battle of the giant. Someone taking on PNB manipulator. Big volume with no news no nothing.

52 minutes ago

bhza2012

Somebody press the price, maybe

42 minutes ago

surviver

i manage to increase some at 0.235 to leverage down the price of this share, hopefully the share price will shoot up. Good luck guys

13 minutes ago

Macgyver111

Weak out
Strong remain strong.
They pressed up to maximum..

8 minutes ago

xcraft

This really challenging your heart to max

5 minutes ago

Macgyver111

Strongly believe will rebound back strong. My guess is some big2 shark collecting now.

1 minute ago

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