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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
2021-02-18 15:57 | Report Abuse
reach RM1.00 can laugh all the way to bank already lah !!
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 !!!!
2021-02-16 11:06 | Report Abuse
kaunter ini lambat macam kura-kura . . . . . . z z z z
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 ??
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 !!!
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 ??
2021-02-09 15:07 | Report Abuse
YES !!! New TP 20 coming by end Feb !
TP 30 by end March !!!
2021-02-09 09:42 | Report Abuse
Should sack petronas CEO for slow in awarding contract !!
2021-02-03 16:39 | Report Abuse
So it means foreign institutions has been "short squeezing" local shorties ?? :) :)
Bursabets are frauds & fakes ?
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
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 ??
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 !!
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 !!
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 !!
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 !!
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 !!
2021-01-16 12:49 | Report Abuse
https://www.msn.com/en-my/news/national/norway-warns-of-covid-19-vaccine-risk-after-23-die/ar-BB1cNzKM?ocid=msedgntp
Norway warns of Covid-19 vaccine risk after 23 die
2021-01-14 16:29 | Report Abuse
when is Harta reporting thier last quarter report ? sometime this month right ??
2021-01-14 15:39 | Report Abuse
JP Morgan is manipulating the market !!
2021-01-14 15:23 | Report Abuse
What Kuan's message is : the world will also have to live with GLOVE ‘forever’ !!!!
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 !!)
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. "
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 !!
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 !!
2021-01-13 12:56 | Report Abuse
TP = 26.5 by analysts ! Cepat sapu !!!!!
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 !!!
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 !!
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 >>>>>>>>>>>>>>
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 !!!
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."
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 !!!
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 !
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
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 !
2020-12-31 17:39 | Report Abuse
This company is rated Top Loser in 2020 ( - 63.2%) amongst big cap caompanies in Bursa !! Tiew !!
https://klse.i3investor.com/blogs/savemalaysia/2020-12-31-story-h1538463770-These_are_the_top_gainers_and_losers_on_Bursa_in_2020.jsp
2020-12-31 17:22 | Report Abuse
Come back 2028, you can't find this lousy this company, maybe "Bungkus" already !!!
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+
2020-12-28 12:49 | Report Abuse
Harta have been treating their foreign workers in the most humane way, I remember the CEO told the press that their accomodation standard (space per sq ft) is even better than the minimum requirement of international standard !!
They have been building up their good reputation and this is their brilliant management's style (which is the criteria for value investment) !!
2020-12-24 21:24 | Report Abuse
This is the only glove company with caring, humane & honest CEO and family, slowest to jack up teh ASP in order not to burden the end users, good karma will repay those loyal shareholders who share the same value with the CEO's family !!
2020-12-24 21:19 | Report Abuse
AFter reading this "Cheah Chor Sooi's articles", I can't help but feel that he should go and do more in depth research before embarrasing himself with his shallow opinion ...
No wonder smart investors won't read "Focus Malaysia"
2020-12-24 21:17 | Report Abuse
AFter reading this "Cheah Chor Sooi's articles", I can't help but feel that he should go and do more in depth research before embarrasing himself with his shallow opinion ...
2020-12-24 21:11 | Report Abuse
The "one of the big 4 glove makers' son" is Hartalega's CEO Kuan, obviously ...
2020-12-23 12:52 | Report Abuse
This company relying too much on Petronas ' s contract, if Petronas don't spend , then MATI loh !!
2020-12-23 12:47 | Report Abuse
Fucking stupid JP Morgan & those IB analysts, please downgrade Harta TP to 5.00 or lower, so I can buy at dirt cheap price !! Or those stupid short sellers and impatient traders, please dump your harta shares to a dirt cheap price until RM5 for me to collect !!! lol
2020-12-21 11:21 | Report Abuse
Top active no use lah ! Top gainers only can celebrate ! lol
Stock: [VELESTO]: VELESTO ENERGY BERHAD
2021-03-05 12:27 | Report Abuse
This counter is crawling as slow as turtle !!