VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.26

Today's Change

-0.005 (1.89%)

Day's Change

0.255 - 0.27

Trading Volume

67,080,800

Prices
Date Open High Low Close Change Volume
Discussions
27 people like this. Showing 50 of 23,977 comments

xcraft

Oversold

2 weeks ago

RJ87

this counter is heavily manipulated. Hv to learn to swim with the sharks to be successful.

1/3 hold long term, 1/3 play every 5% selldown buy and take profit every 5% up. Last 1/3 for > 25% drop to play next level.

1 year got 10-20 times 5% also can make 50-100 return. 5% each time. Don’t be greedy.

2 weeks ago

RJ87

Shark also smart to choose counters. Only those they confident won’t turn to shit mcm serbadinamik.
This counter ada asset, ada cashflow, tak byk hutang. Apa mau takut? Question is will 10-20% range mau main.
20-25sen, 25-30, or 30-35sen. I think they most comfortable at 25-30sen. 15-20% every 1-1.5months.

2 weeks ago

Neoh10855

Can't buy now.. Too heavy selling volume

2 weeks ago

Neoh10855

Rm16 mil sold below 270..knn Good QR

2 weeks ago

azfar8

hzboi, i am also thinking the same, why didnt i sold, but think back, earlier, there was a nice movement, so i am thinking if i can get what they called as fat tails. but, of course there will be up and down, as long as i didnt put all in in this counter, it shouldnt pose big threat, given the market conditions this week, it's normal, i think.

2 weeks ago

GrowingRich

Gentingbig:

"THIS COUNTER never fail to disappoint me always i jump in and i have to wait and wait until i cut loss at breakeven. this is the 3rd round. blady shit counter"

ha ha ha🤣

maybe 7th time lucky eh?

2 weeks ago

jacintateh

Same same la I also experience all this shit.

2 weeks ago

hzboi

“The company also has no intention to add more drilling assets but plans to be more asset light and to move into production services that are more resilient to the cyclical nature of the industry,” the brokerage noted.

The company at the same time is exploring opportunities, either through mergers and acquisitions, partnerships or joint ventures, but has not determined any target, the research house noted.

1) Personally I like that its diversifying more to production service and going light in asset. For one it's a more reliable source of income.
2) Merger/Acquisition/Partnership/Join ventures? I hope its a change of hands with the recent volume but no movement...

2 weeks ago

Macgyver111

This is good news indeed. This laterally means they look to double their revenue and income without owning large drilling assets...easy, profitable money. JV with other deepwater drilling companies that owned vessel without spending huge budgets in this uncertain fossil fuels business. Nevertheless they got Petroleum National authorized license and very good reputation with Petronas...smart way. They will bid the contracts and pass it contract drillers. Same concept with Petronas.

2 weeks ago

Macgyver111

Velesto ...Syarikat Petroleum Nasional kedua 😂😁😀

2 weeks ago

Macgyver111

Management has strong future planning. That's why they are confident and willing to give shares (ESOS) to their downline staff (and also dividend)

2 weeks ago

Macgyver111

I believe the share price will limit up once the JV agreement materializes. Patience is the key.

2 weeks ago

SinGor

The only Biz Velesto can venture into without spending money on Expensive Rigs is Carbon Dumping back
into "Old Drilled Oil pipe line "----Liquid Carbon Dioxide Captured from Atmosphere are pumped back into
and "stored underGround "-----It will be good Biz in 5--7 years Time---Malaysia allows CO2 dumping into Old
pipes underGround-----Carbon Trading has Not take off but sooner or later---Velesto can Sell Dumped CO2
to EU and USA ( signed pack ) So far India and China has not signed the International Agreement but it will
cost these Countries alot money if Worldwide inposed sanction on them

2 weeks ago

Macgyver111

Brent moving towards downtrend..hopefully recover back tonight.

2 weeks ago

jenabchen123

No worry on this temporary set back. As their income is locked for the next 2 years.

2 weeks ago

raymondroy

velesto : EPS 0.57 and share price 0.265; while bumi armada : EPS4.06 and share price 0.57...... annualised PER of 11.6x VS 3.5x ....... which is better ??? Wasco also same boat with bumi.... PER 3.6x

2 weeks ago

Macgyver111

They put max pressure to contra/weak players. Weak out strong remain. Those got holding power will win the battle eventually..sabar

2 weeks ago

azfar8

Okay, I hold it

2 weeks ago

TonyHandsMan

patience will be paying off....

1 week ago

SinGor

raymondroy
velesto : EPS 0.57 and share price 0.265; while bumi armada : EPS4.06 and share price 0.57...... annualised PER of 11.6x VS 3.5x ....... which is better ??? Wasco also same boat with bumi.... PER 3.6x
__________________________

Hello Dear, you are comparing---A Hen, A Duck and a Goose----All walk different style----Velesto ( Jack-Up }
Armada ( FPSO ) Wasco ( wrapping steel pipes )

1 week ago

SinGor

Chicken rice is cheaper than Roast Duck Rice and as for Roast Goose Rice, you can only get in HongKong

1 week ago

Macgyver111

This is interesting. As velesto seek for asset light this year, they also mentioned this during press conference...

"In a filing with Bursa Malaysia following its latest financial results announced last month, Velesto said it expects the overall global utilisation of jack-up rigs to remain strong for 2024 and 2025.

“However, the jack-up drilling rig market may experience uncertainty. The company is monitoring the current situation in the Middle East for its future bidding strategy, especially for mid-2026 onwards,” it said.

If we compared DC rate in between Petronas and middle East, there's huge difference.

1 week ago

Macgyver111

This comes after our PM recent visit to Saudi. This is our PM statement during press conference...


"We have also requested that they (Saudi Arabia) take a look at our capable companies not only in investments but also for them (to be given opportunities to secure) development, construction and information technology contracts in Saudi Arabia.
"This means being given present opportunities – for example, large projects in Neom. It seems that Malaysia is being considered. That's why I am of the view that personal support from foreign leaders is vital for them to pay attention to Malaysia," Anwar said during the programme.

Some doubt running in my mind..are Saudi going hired Velesto rigs (after suspended USA rigs services)

1 week ago

Macgyver111

If they really looking at Middle East for future bidding...what about rigs services for Petronas?

Solution: Tendered contract to other drilling service provider, like deep water drilling project (JV) that they announcement recently and etc.

Just my guessing..😀

1 week ago

Macgyver111

It seems to me that they are looking for a way to expand their business to the next level.

1 week ago

Macgyver111

They know...It's not always possible to depend on Petronas, but they should not neglect them either.

1 week ago

serbatipu

Qr good but price not moving, sien

1 week ago

Macgyver111

Petronas’ unit inks deal to certify CO2 storage sites for local CCS projects:: https://theedgemalaysia.com/node/714604

I think not Velesto day. Petronas just inked agreement with DNV for CCS project.

1 week ago

SinGor

DNV has a solution to pump CO2 into storage so they got the Management Job---But the Hard part is how to
physically pump CO2 underground requires Platform, transportation, and strong pumps to push CO2 into
Ground storage----Only Velesto and SAP has this type of Equipment in Malaysia water

1 week ago

Ninja _07

Nice closing today 😁

1 week ago

Gentingbig

aiyah this counter sleeping for so long lah . its long long due but also dont be happy always just up 2 cents then down 3 cents.

1 week ago

bullrun168

Wow, oil price was spike up like mad !
Brent closed at=>
$81.63 +$2.01 +2.52 %

Like that today Velesto will be limit up already to closed at =>
0.575 (+0.30) (+109.1 %) !

Heng ah, Ong ah, Huat ah !

1 week ago

hzboi

Crude had a major rebound. Warren Buffet non stop buying OXY. Given the volume we had yesterday, is today the day this break out? The absence of sellers and more buyers?

But I remember this counter is Velesto. So I better not get my hopes up or I’ll be disappointed again.

1 week ago

EAGLE

Ini counter cartel sindiket control. Trade among themselves only to trap small fishes. Hahaha...if no holding power, stay away or get burned.

1 week ago

Macgyver111

Not energy theme right now. All the big2 shark go to Data centre right now. Energy theme will follow once DC fever is over..sabar2 not long.

5 days ago

hafizduhari

i saw SHARK in this compny huhu

4 days ago

Macgyver111

Wow! Brent usd 84 now. It means DCR for usd 100 and above is imminent. O&G bull run coming soon.

2 days ago

Neoh10855

Dreaming..

1 day ago

Izhammmm

Mclean up up

1 day ago

azfar8

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.

1 day ago

Macgyver111

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.

1 day ago

Macgyver111

Hai! Bucket pulak..basket

1 day ago

167697

seems like double bottom 15m chart....probably going up very soon

1 day ago

SinGor

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 )

16 hours ago

SinGor

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 )

16 hours ago

Neoh10855

RM16Mil selling T Rm0. 26 😳Good QR but I suspect that's fake.

14 hours ago

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