VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
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Last Price
0.225
Today's Change
+0.005 (2.27%)
Day's Change
0.21 - 0.23
Trading Volume
43,165,100
Profile
VELESTO ENERGY BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: ENERGY ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Index Group: ENERGY ENERGY
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
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.
Address
Discussions
26 people like this. Showing 50 of 22,552 comments
Don't run lah. Why want to run. Just sell on news only or what ever, temporary only. Velesto back on track. Things might be different after the 2nd qtr. Think in out of the box. 2nd qtr trust me will generate more income and strengthen their cash flow. Soon more institutional will join in..2c
4 days ago
Bila tak untung, bising. Bila sudah untung, pun komplen. Hahahahaha...lu mau run, run la. Orang lain will collect.
4 days ago
It wont go below 0.20c relax. Just flushed out weak holder/contra...later will rise back. Time to accumulate. Don't panic easily. Hahaha! Semua takut jer
4 days ago
Selloff when QR is good. How weird it is? What is their expectations? This is just wayang only..
4 days ago
bursa..what to expect..good report share go down..loss report share go up..looking forward they say..adoii
4 days ago
I have read almost all press release for Bursa 1Q23 release (as of 7pm), Only Velesto CEO is confidence things
will turn up Good for Whole of 2023. Even Blue Chip Genting said "maybe here, maybe there" if and But, ...then
they see clear path ahead-----DonT know what to Say, your guess on Velesto future is as Good as everyone else
4 days ago
Just want to kill contra players only...be patience opportunities to accumulate.
3 days ago
This contract still pending for announcement.
Maybe soon...
Thailand’s national upstream company PTTEP is ramping up exploration on Block SK 405B offshore Sarawak, East Malaysia, which hosts the operator’s Sirung oil and gas discovery that is under appraisal as part of a proposed cluster development.
PTTEP appraising Malaysian discovery, eyes cluster development
Read more
PTTEP has brought in another rig — Velesto Energy’s jack-up Naga 3 — to the block to imminently spud the Chenda-1 wildcat offshore the northwest coast of Borneo. The Chenda-1 exploration well is expected to take six weeks to complete. This latest probe on Block SK 405B is being supported by three Malaysia-flagged vessels: the large anchor-handling tug supply vessel JM Ehsan, and the very large AHTS vessels Sealink 178 and Sealink 179
3 days ago
Waiting for 0.15c?
Just like me waiting 7113 back to rm3 in 3 months time.
3 days ago
Tarak turun lah 0.10c apalah lu org mangkuk ayun betui. Ckp berapa kali tak erti bahasa. Give me one reason why should go down to 0.10c despite qtr earning. Bursa will issue UMA enquiry already. This is not covid pandemic time lah. Mid to long term holder no issue intra trader kena kaw kaw lah tu pasai meroyan. Yang complaint bnyk2 ni mungkin kais pagi mkn pagi kot. Lol
3 days ago
Last year I still remember people said wait for next year Qr confirm ok.. wait2 Qr ok still people sell it…..😅
3 days ago
Are you new in stock market friend. Why listening to others. Do your own research bro. Stock sure got sell & buy
3 days ago
Lai Lai lai, harga jatuh boleh tambah lagi. Company sudah untung, tunggu saja maa. Tak boleh tunggu, jangan datang sini hahahahah...
3 days ago
after 1Q release ( with inflation #, Charter rate, Rigs efficiency---All known ) it is easy for Bankers to predict next
Qr results----As i say before 30sens is just a small Hill, 40sens is new Top for next 45days before 2Q release
2 days ago
Today AGM , hope ever confident CEO can say sth good ba ? And those Fatt king Stu pick analysts can raise their TP s …..
16 hours ago
So far have yet to read any analyst’s report on their latest qr… where the F are they ?? Cease covering ?? Oh not ! Hope not !! Lol
16 hours ago
Past 2 years they're laterally out of free cash flow. This year mtd, just 3months alone they already generate free cash flow. Cash is king. Long term borrowing from 1bil to < 300mil (around 288mil). Velesto management keen to settle long term debt ( I dont why but there must be some reason). Receivable and inventory - customer still own them around 700mil. I believed the free cash flow will increase double after 2nd qtr onward. My 2c (Just do rough calculation)
14 hours ago
agm ends at 2pm today. Maybe tomolo Banker Tp Out. Meanwhile if price keeps going up after 2PM---something
Good was said in AGM
10 hours ago
Watch up for the news ard 5pm ba , normally the edge will announce ! Sure will be good !
9 hours ago
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