LewisLee

LewisLee | Joined since 2012-11-09

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Stock

2021-03-26 15:50 | Report Abuse

Bursa's new norm :-
Quarterly result record profit , share price DOWN, (most gloves counters)
Quarterly result huge loss, share price UP !!

Stock

2021-03-25 12:57 | Report Abuse

The reason for thsi company is :-

"Due to the (+ the lousy managment by the imcompetent Board & CEO), the Board is of the opinion that the financial performance for 2021 will continue to be challenging,"

Other oil & gas companies can report profit, where can't you ??? because of your lousy management !
Resign and balik kampung lah !!! Let a capable CEO to take over !!
LEt's go to the AGM and voice out this lousy CEO !!!!

Stock

2021-03-25 12:44 | Report Abuse

this lousy GLC-running company can be another MAS in the making !!!
Loss so many years one day go private by offering 5 cent by PNB !!!
PKM punya company !!!!!

Stock

2021-03-25 12:41 | Report Abuse

This company too heavily relies on Petronas !
If Petronas tak mahu cari gali , Velesto's result will be bungkus-ing !!!!!!!
Not like Armada, Sapura, KNM etc... venture overseas to win contract lah !!!

Stock

2021-03-25 12:38 | Report Abuse

This company is really P K M liao !!!!!!

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2021-03-20 22:40 | Report Abuse

semua oil counters sudah berpecut, "very slow" masih tidur !!!!!

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2021-03-20 22:38 | Report Abuse

ini PKM punya company !!!!

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2021-03-05 12:46 | Report Abuse

Velesto = sound like " very slow" ! lol

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2021-03-05 12:27 | Report Abuse

This counter is crawling as slow as turtle !!

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2021-03-03 18:14 | Report Abuse

Ini PKM punya company !!!!

News & Blogs

2021-02-26 15:00 | Report Abuse

I guess Calvin Tan 's too many chun chun calls has left him chun chun bankrupted by his own chun chun calls !! lol

Stock

2021-02-18 15:57 | Report Abuse

reach RM1.00 can laugh all the way to bank already lah !!

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2021-02-18 14:29 | Report Abuse

By end Feb, TP= at least 20, end March = 20-40, end 2021 (when oil price reaches 100), TP = 1.00 !!!!

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2021-02-16 11:06 | Report Abuse

kaunter ini lambat macam kura-kura . . . . . . z z z z

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2021-02-15 12:12 | Report Abuse

Even Sapura go overseas and get RM1.8bil contract, Velesto still getting zero contract ??? Apalah CEO ?? All rigs still under-utilized ? 30% only ??

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2021-02-15 12:10 | Report Abuse

Velesto s CEO shall go and approach other oil major to get rig contract, surely oil back to USD60, pre-covid level, many oil majors are interested to produce oils for good profit !!!

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2021-02-15 12:08 | Report Abuse

petronas 's lousy CEO, pls do sth and award rig contracts , oil price shoot up already still doing nothing ? tak mahu gorek oil kah ? Government makan apa ??

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2021-02-15 12:03 | Report Abuse

2025 TP = 100 !!

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2021-02-09 15:07 | Report Abuse

YES !!! New TP 20 coming by end Feb !
TP 30 by end March !!!

Stock

2021-02-09 09:42 | Report Abuse

Should sack petronas CEO for slow in awarding contract !!

News & Blogs

2021-02-03 16:39 | Report Abuse

So it means foreign institutions has been "short squeezing" local shorties ?? :) :)
Bursabets are frauds & fakes ?

Stock

2021-02-02 16:24 | Report Abuse

https://oilprice.com/Energy/Energy-General/Goldman-Expects-Oil-Demand-To-Rebound-To-100-Million-Bpd-By-August.html

There is another possibility that due to under-investment in capex last year and this year, supply of oil will be tight and eventually it will shoot the oil price UP to 65 when the demand picking up !!
By that time Velesto can demand for high charter rate as many rig companies might close shop

Stock

2021-02-02 16:15 | Report Abuse

Use backside to think also knows the QR will be Loss !!
No rigs contract awarded , how to profit ??

Stock

2021-02-02 16:14 | Report Abuse

Oil price out also no use lah !
Ask big bro Petronas give out more rigs contract to Velesto then only can pecut !!
Sack this new petronas CEO ! very kedekut and reduce capital expenditure !!

Stock

2021-01-28 13:11 | Report Abuse

The way I am reading into this is :- what fund mangers + syndicates are trying to do now, is to press down the share price of all glove stocks, so they can collect them in dirty cheap price !

If you are patient enough to ignore the share price movement, you will win big in the medium terms (when those big funds have collected enough and change tune to fry up with hot news)
If you are impatient and cut loss now, then you fall preys to thier tactic and selling cheap for them to collect !!

News & Blogs

2021-01-28 12:41 | Report Abuse

This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!

News & Blogs

2021-01-28 12:40 | Report Abuse

This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!

News & Blogs

2021-01-28 12:39 | Report Abuse

This Focus Malaysia is a big shame of malaysia !
I have long boycotting them (stopped buying their papers) !
If one day I come accross any Focus Malaysia old papers, I will use them to wipe my dogs' asses as shit are where they belongs and should Focus on !!

Stock

2021-01-14 16:29 | Report Abuse

when is Harta reporting thier last quarter report ? sometime this month right ??

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2021-01-14 15:39 | Report Abuse

JP Morgan is manipulating the market !!

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2021-01-14 15:23 | Report Abuse

What Kuan's message is : the world will also have to live with GLOVE ‘forever’ !!!!

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2021-01-13 13:47 | Report Abuse

In short, the oil price will go peak after covid-19 because most oil majors cut capex !
Supply drop, demand UP... oil price UP !!!!! (back to 100 ? maybe !!)

Stock

2021-01-13 13:45 | Report Abuse

https://oilprice.com/Energy/Oil-Prices/The-Oil-Industry-Is-In-Dire-Need-Of-Investment.html

go and read this report also !

highlight :-
" 2021 could be a watershed year for oil markets, in which falling investments and bankruptcies will create a supply crunch the likes of which we have never seen before. With an ever-growing list of delayed upstream projects and FIDs, the threat is growing. In a report by the International Energy Forum (IEF) and consultancy BCG in December 2020, warnings were given that lower CAPEX levels and low investment appetite will be a real threat to markets. OPEC, IEA, and others, have already made it clear that cumulative hydrocarbon related investments are dwindling. As OPEC has indicated before, investment volumes of around $12.6 trillion are needed to keep the oil supply for the coming decades at the current level. Norwegian oil consultancy Rystad Energy said that even though demand has declined in 2020, 2019 levels could return before 2024/25, necessitating future upstream spending of an average of $380 billion p.a. over the long-term. The need for large scale new investments is clear, as the upstream sector has already been fighting an uphill battle to get access to the necessary investment volumes in recent years. Larger investments are necessary to avoid a future of higher prices and increased market volatility. Inadequate investments will set off another wave of unwanted boom-and-bust pricing. With oil majors indicating that CAPEX reductions will be in place throughout 2021, and some even seeing 2022 as a difficult year, production is undoubtedly being threatened.

Technology alone cannot be the savior. IEF research indicated that every dollar of CAPEX that is cut today will have twice as powerful an effect in terms of reducing activity as the cuts made following the 2014 fall in prices had. As demand for oil and gas is expected to increase after COVID, low CAPEX supply will become a major constraint. At the moment, no real new immense oil and gas resource is available to counter demand growth without trillions of investment dollars being poured in.

A peak oil investment crisis is in the making. The current financials of most IOCs and leading NOCs are not accounting for peak investment requirements. As the IEF report clearly states, industry investment will have to rise over the next three years by at least 25% yearly from 2020 levels to stave off a crisis. Peak oil prices also could be a reality if the market doesn’t react. "

Stock

2021-01-13 13:30 | Report Abuse

"BIMB Securities Research has upgraded Velesto Energy to a buy (from a hold), with a higher target price of 26.5 sen (from 14 sen previously) on steady demand for jack-up rigs in the next three years. "

"MIDF Research also highlights that based on the PAO, 2021 upstream activity levels are expected to mirror that of 2020 as Petronas remains cautious on the O&G sector recovery.

The research unit says a key opportunity area is in the decommissioning and well-abandonment segment.

This is given as currently Malaysia has over 350 platforms where 56% are operating beyond design life and 18% have been operating for over 40 years, there are more than 3,000 wells where 45% are idle wells and over 500 wells are planned to be plugged permanently by 2030, and more than 750 pipelines, where 38% are operating beyond design life and 4% have been operating for over 40 years.

The key beneficiaries to well abandonment activity would be drilling rig operators such as Velesto Energy and Sapura Energy, as well as hydraulic workover units (HWU) operators such as Velesto Energy."

If you missed these reports few days ago, READ and ANALYSE again !!

Stock

2021-01-13 13:29 | Report Abuse

pea3034, wait for the price to reach 26.5 then you come and panic buy loh !!
That's why many newbies lose money in sharemarket !
Now the price is the slowest, very safe to enter !!

Stock

2021-01-13 12:56 | Report Abuse

TP = 26.5 by analysts ! Cepat sapu !!!!!

Stock

2021-01-12 16:21 | Report Abuse

Harta's share price shoot up so fierce and there is only one explanation for that :-
The coming QR must be very very good or bonus issue , huge special dividents will be announced soon !!
Hartalega memanglah HARTA yang LEGA lah !!!

Stock

2021-01-09 21:21 | Report Abuse

EPF offload most if not all TG shares and switched to Harta ! as simple as that !
EPF stands for benefit for employees, they can't invest in a company that building wealth by exploiting their foreigner workers left right and centre ! As voiced out seriously by foreign fund managers eg. Balck rock etc !
Whereas Harta has been doing business with good conscience and humanity, even earning less ASP but they earned the respect from most fund managers !
End of the day, good conscience and humanity WIN !
Those who uphold this principle will WIN as well !
Trust me , karma is in play !!

Stock

2021-01-09 20:15 | Report Abuse

This is my last advice !! calling all Velesto believers , sit tight , taruh more and enjoy the ride ... starting next week !! VRoom Vroom Vroom >>>>>>>>>>>>>>

Stock

2021-01-09 20:13 | Report Abuse

Good news !! 2 analysts started to change tune (see above) to recommend Velesto !
Meaning either the insiders or big sharks "kao tim" (bonus delivered ! lol) with analysts to write good about velesto for the share to be fried UP liao !!!

Next monday if got bullet, quickily "taruh" or "sai lang" in Velesto !! Before other analysts follow suit with BUY calls !!! Engine warming up .... 20 .... then 30 !! For sure !!!

Stock

2021-01-09 20:09 | Report Abuse

"BIMB Securities Research has upgraded Velesto Energy to a buy (from a hold), with a higher target price of 26.5 sen (from 14 sen previously) on steady demand for jack-up rigs in the next three years. "

"MIDF Research also highlights that based on the PAO, 2021 upstream activity levels are expected to mirror that of 2020 as Petronas remains cautious on the O&G sector recovery.

The research unit says a key opportunity area is in the decommissioning and well-abandonment segment.

This is given as currently Malaysia has over 350 platforms where 56% are operating beyond design life and 18% have been operating for over 40 years, there are more than 3,000 wells where 45% are idle wells and over 500 wells are planned to be plugged permanently by 2030, and more than 750 pipelines, where 38% are operating beyond design life and 4% have been operating for over 40 years.

The key beneficiaries to well abandonment activity would be drilling rig operators such as Velesto Energy and Sapura Energy, as well as hydraulic workover units (HWU) operators such as Velesto Energy."

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2021-01-08 16:36 | Report Abuse

TP = RM100 in 2025 !

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2021-01-07 11:16 | Report Abuse

Armada & KNM no need to reply on Petronas projects, their sales mostly from overseas !
Velesto & Sapura have to beg for works from PEtronas, PEtronas kedekut in spending (looks like the case by this lousy new CEO, already said will cut down expenses in this week briefing ! )
Velesto & Sapura will be F this year !!!

Stock

2021-01-04 18:52 | Report Abuse

"The number of rigs expected to rebound to 22 in 2021 from 14 in 2H2020 due to plummeting oil prices and movement control order (MCO) (Exhibit 10). While this is below the earlier 2020 target of 26 rigs, we expect Velesto Energy to experience improving asset utilisation towards the second half of the year. "
From analyst's report

Looks like can only see improvement in 2nd half of 2021 !

Stock

2021-01-03 11:30 | Report Abuse

Just read most analysts' stock pick, most of them will choose Harta if they want to invest in Glove sector !
One analyst put it :- Harta is like the gold standard amongst all glove makers !!

Like me sum up this way for those newbees or novices in glove sector :-
Harta - Rolls-royce , Bentley class
Kossan - Mercedes, BMW class
Top Glove & Supermax - Honda Accord, Toyota Camry class (that's why so many people own it )
Comfort, Rubberex, Careplus, Mahsing - Proton, Myvy class
All the new comers eg AT, Talk-cock companies - Honda Cub class

News & Blogs

2020-12-31 17:50 | Report Abuse

Mr Tan KW,

My Stock Pick for Year 2021 :-
1) Velesto-WA 30 %
2) Sapnrg 30 %
3) KNM 20 %
4) Dayang 10 %
5) Hibiscus 10 %

Thank you very much !

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2020-12-31 17:22 | Report Abuse

Come back 2028, you can't find this lousy this company, maybe "Bungkus" already !!!

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2020-12-28 12:54 | Report Abuse

Think logically this way :-
If a good managed company can treat their workers in a caring humane ways, they could also treat the minority shareholders the same !
If a company have just been exploiting their workers' welfare to maximize their profit margin, they could also treat the minority shareholders like shit !!

Harta 's management rating :- AAA+