VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.20

Today's Change

+0.005 (2.56%)

Day's Change

0.195 - 0.20

Trading Volume

6,581,200

Overview

Market Cap

1,643 Million

NOSH

8,216 Million

Avg Volume (4 weeks)

38,869,757

4 Weeks Range

0.18 - 0.225

4 Weeks Price Volatility (%)

44.44%

52 Weeks Range

0.18 - 0.315

52 Weeks Price Volatility (%)

14.81%

Previous Close

0.195

Open

0.195

Bid

0.20 x 7,295,900

Ask

0.205 x 5,930,100

Day's Range

0.195 - 0.20

Trading Volume

6,581,200

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

9.26 | 10.80%

T4Q DY | Payout %

2.50% | 23.14%

T4Q NAPS | P/NAPS

0.32 | 0.63

T4Q NP Margin | ROE

12.86% | 6.75%

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 24,247 comments

azfar8

Agree with SinGor, i may want to stay longer in this stock, seems like at this level, the safest entry.

2 weeks ago

RJ87

Agreed with Singor. Current QR mostly old pricing. Next QR should reflect new pricing.

Still try to figure out reason for sell down.

2 weeks ago

azfar8

ya, why were there selling down. Why even now not moving up that much

2 weeks ago

Epseps

Never fail. Good QR yet price dropping

2 weeks ago

Macgyver111

Fear of recession. Media promoted it heavily. Is there any recession?
Uncertain. Hope for the good.

2 weeks ago

speakup

What recession? No such thing

2 weeks ago

RJ87

welcome to bursa de casino
——————————————-
Epseps
Never fail. Good QR yet price dropping
56 minutes ago

2 weeks ago

madakiman

Give back my underwear to me

2 weeks ago

prudentinvestor

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.

2 weeks ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

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


2 weeks ago

azfar8

ya, i might need my underwear back la, asyik pegang telur je tgk velesto, jadi separuh masak nnt... hahaha

2 weeks ago

Rwan88

Just wait EPF to buy back this counter..

2 weeks ago

Macgyver111

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. 

2 weeks ago

prudentinvestor

"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.

2 weeks ago

Macgyver111

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

ITreeinvestor

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

Macgyver111

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

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

2 weeks ago

azfar8

Wow. You guys are really doing your job nicely, know the company well. Keep it up.

2 weeks ago

MrSaham

O & G is not a sector in-play currently

2 weeks ago

Macgyver111

Warren Buffett top pick during this uncertain time...
1. Oil & Gas (Oxy)
2. Insurance (CB)
3. Lsxmk and Lsxma (media/publishing)

2 weeks ago

Macgyver111

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

specializedvenge

I thought I am smart sold some at.27 and bought back some at .22
Up car too at last.

1 week ago

madakiman

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 week ago

toffeemoose

alot of my contacts have exited Bursa and explored other markets.....easily and heavily manipulated....

Doing the same now....

1 week ago

Macgyver111

Hahaha! Welcome to Bursa de Casino 😀

1 week ago

Macgyver111


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

Macgyver111

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

Macgyver111

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

hafizfizor90

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

Macgyver111

Datuk Ling Kien Sing buying.

1 week ago

azfar8

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

Nourchar

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

JamesTalk

alamak, can go lower?

1 week ago

Macgyver111

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

MatiDiam

All small cap stocks are hopeless.trying to cheat retail investors.
Gov is the biggest scammer,pushing up index link stock to give a puppet show that bursa msia is doing well.
If u see,most small cap stocks are trading at all time low or at best 1 year low.

1 week ago

MatiDiam

Purely syok sendiri, gov or glc bring in their money from overseas to buy index linked shares.then say fdi coming in evidence by increase in index n rm.total bull shit .u can easily know that retailers have no extra money evidence by the low participation.

1 week ago

bosskubakery

0.20....

6 days ago

kasinathan

Buy when people are fearful and sell when people are greedy.

6 days ago

kasinathan

30 cents is within the next quarter

6 days ago

Macgyver111

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.

6 days ago

prudentinvestor

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.

5 days ago

Salahuddin Ahmad

The game above 0.2 has just started, let's go

5 days ago

Macgyver111

Don't make conclusion quickly. Need to break 0.25 first otherwise it's purely drive by Brent.

5 days ago

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