VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
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Last Price
0.195
Today's Change
-0.005 (2.50%)
Day's Change
0.195 - 0.205
Trading Volume
45,901,600
Overview
Market Cap
1,602 Million
NOSH
8,216 Million
Avg Volume (4 weeks)
37,656,820
4 Weeks Range
0.18 - 0.225
4 Weeks Price Volatility (%)
33.33%
52 Weeks Range
0.18 - 0.315
52 Weeks Price Volatility (%)
11.11%
Previous Close
0.20
Open
0.20
Bid
0.195 x 22,311,800
Ask
0.20 x 6,247,200
Day's Range
0.195 - 0.205
Trading Volume
45,901,600
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2024 [#2] | 29-Aug-2024
Next QR | Est. Ann. Date
30-Sep-2024 | 29-Nov-2024
T4Q P/E | EY
9.02 | 11.08%
T4Q DY | Payout %
2.56% | 23.14%
T4Q NAPS | P/NAPS
0.32 | 0.61
T4Q NP Margin | ROE
12.86% | 6.75%
Market Buzz
2024-09-20
2024-09-11
2024-09-10
News and Blogs
Related videos
Company Profile
Sector: ENERGY
Sector: ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Description:
Velesto Energy Berhad, previously known as UMW Oil & Gas Corp Bhd, is a multinational provider of drilling and oilfield services for the upstream sector of the oil and gas industry.
The company's line of products and services include drilling and workover services for exploration, development, and production of wells in Malaysia and southeast Asia through several offshore drilling rigs and hydraulic workover units.
Under the oilfield services segment, the company offers threading, inspection, and repair services for Oil Country Tubular Goods in various offshore markets.
Operating revenue is primarily derived from drilling services, which includes ownership and operation of several drilling rigs and hydraulic workover units, or HWUs. Rigs and HWUs are chartered through day-rate-based contracts.
Discussions
28 people like this. Showing 50 of 24,246 comments
Agree with SinGor, i may want to stay longer in this stock, seems like at this level, the safest entry.
3 weeks ago
Agreed with Singor. Current QR mostly old pricing. Next QR should reflect new pricing.
Still try to figure out reason for sell down.
3 weeks ago
Fear of recession. Media promoted it heavily. Is there any recession?
Uncertain. Hope for the good.
3 weeks ago
welcome to bursa de casino
——————————————-
Epseps
Never fail. Good QR yet price dropping
56 minutes ago
3 weeks ago
Big boys are resting today, preparing for Merdeka Day celebrations tomorrow so you don't see better performance with improved quarterly results. No reason for its price to stay at this level for a prolonged period. Most IBs have buy calls on this counter.
3 weeks ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Velesto
Year Earnings
2020 -492m
2021 -90.8m
2022 -100.0m
2023 +99.5m
2024 110 m (1H 2024)
Price 20.5 sen per share
Market Cap 1.684b
3 weeks ago
ya, i might need my underwear back la, asyik pegang telur je tgk velesto, jadi separuh masak nnt... hahaha
3 weeks ago
Yes agreed with you. As Velesto posted continuous profit by right, this should attract EPF to join in. Maybe their dividend is not favourable for them, but changes are likely.
3 weeks ago
https://www.klsescreener.com/v2/news/view/1384139/petronas-039-lower-exploration-activities-in-sarawak-to-affect-velesto-in-2025
Kenanga always bantai Velesto..adoi!!!
3 weeks ago
"Just wait EPF to buy back this counter.."
Rwan88, I don't know how many shares EPF has but it is not among the top 30 largest shareholders. Amanah Saham Bumiputra and PNB control over 40% of its shareholdings. Quite safe to invest at this level.
3 weeks ago
Lucky I run, I think it will drop even further before rebound
https://www.nst.com.my/business/corporate/2024/08/1098821/petronas-lower-exploration-activities-sarawak-affect-velesto-2025
2 weeks ago
No worries. Kenanga used the same news over and over again. It's considered factored in. Velesto already secured solid contracts. The only problem that we need to look ahead to is the oil price and other market sentiment.
2 weeks ago
The Group’s utilisation is expected to be lower in 2H 2024, due to three of our rigs, namely NAGA 2, NAGA 5 and NAGA 6,
which will be conducting their Special Periodical Survey and 5-yearly maintenance in the second half of the year.
2 weeks ago
KUALA LUMPUR: Velesto Energy Bhd has completed its mandatory five-yearly special periodical survey (SPS) for Naga 2.
Naga 2 completed SPS in 2 qtr. In 3 qtr, most probably Naga 5 and follow up by Naga 6 in the decent planning sequence. From 2nd QTR prospective, it is very clear that even with one rig under SPS, they still can deliver excellent QTR. Why?
Bcoz Higher DCR....
2 weeks ago
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
2 weeks ago
Wow. You guys are really doing your job nicely, know the company well. Keep it up.
2 weeks ago
Warren Buffett top pick during this uncertain time...
1. Oil & Gas (Oxy)
2. Insurance (CB)
3. Lsxmk and Lsxma (media/publishing)
2 weeks 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.
2 weeks ago
I thought I am smart sold some at.27 and bought back some at .22
Up car too at last.
2 weeks 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.
2 weeks ago
alot of my contacts have exited Bursa and explored other markets.....easily and heavily manipulated....
Doing the same now....
2 weeks ago
PMX very smart..
"Prime minister wants Sarawak's demands to be managed “at the corporate level with Petronas without involving the federal government”.
1 week 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.
1 week 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.
1 week 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.
1 week 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.
1 week 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
1 week 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.
1 week 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
1 week 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.
1 week 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.
1 week ago
Don't make conclusion quickly. Need to break 0.25 first otherwise it's purely drive by Brent.
1 week ago
US Fed's 50-bp rate cut seen unleashing funds into Malaysian assets :: https://theedgemalaysia.com/node/727327
16 hours ago
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SinGor
from now until 3Q25, results will be stable & predictable-----when forward guidance is Clear, buying from
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3 weeks ago