You hubline line hancur..sibuk sini buat apa.😂😀

😂🤣😂 hancur otak hang. Bursa suspended short selling. Buy on weakness guys.

Burung burung..😂🤣. Burning burning. You need to work more harder.

Ya kah. I never said anything bad...wa! Senang2 jer you rembat orang ya...msngkkkuk ayu..nn betui you ni. Hopefully not you're the one who eat your own shoe. You acting like "masuk bakul angkat diri sendiri bro". I guess you are newbie in the way you're talking. Anyway good luck to you..😂😁

Oh! Sdh called ke. I pun sdh called abng tadi. Abang ckp jgn takut ni counter pasti limit up soon..dia gerenti 100% 😂😀

From BIMB

Velesto’s average DCR is expected to continue its upward trend, to reach a tipping point in 3Q24. As such, we expect the company to post a ‘sequentially stronger quarter ahead’.
On that score, Velesto is expected to sustain its earnings well into FY25. The rig suspension by Saudi Aramco may release some supply into the market, however sector utilization rate is expected to stand at a healthy level of close to 90%.
The company is ready to embark on merger and acquisition (M&A) as an avenue for its next phase of growth, leveraging on its healthy balance sheet.
Maintain our BUY call on Velesto with TP RM0.34 based on 1.1x P/B that is pegged to FY24F BVPS of RM0.32. We think the current share price has not fully reflect its earnings growth from rising DCR.
A Decent Start in 1Q24
Velesto posted a decent 1Q24 core earnings of RM46.8mn mainly driven by rising average daily charter rate (DCR). The DCR rose 8% QoQ to USD107k/day on the back of the new rate approved by Petronas for NAGA 2, NAGA 3, NAGA 4 and NAGA 6 jack-up rigs effective February 2024. Meanwhile, the revised dayrate for NAGA 8 that is working for Carigali Hess has commenced in April 2024. Overall, this should propel the average DCR to rise further in the coming quarters with peak DCR possibly achieved in 3Q24. To recap, we have imputed an average DCR assumption of USD125k/day in our FY24F earnings estimate.

Sector Utilisation Rate is at Peak Cycle
Rig market conditions are still very tight with marketed utilisation rate (i.e., sector utilisation rate or SUR) has maintained above 90% since at least 4Q23. In April 2024, the SUR was at 94%. This was despite the increase in the number of marketed supplies that rose to 438 rigs (October 2023: 421 rigs) while the number of contracted rigs is 410 rigs (October 2023: 392 rigs). While the rig suspension made by Saudi Aramco would release some supply into the market, the SUR is expected to remain very healthy at 88% by end 2025, according to an estimate.

Looking for the Next Growth Engine
As the sector has reached a peak cycle, management anticipates that there is limited upside to DCR in future. Hence, the management is proactively looking for an M&A opportunity to enhance its long-term prospect.

Maintain BUY on Velesto with TP of RM0.34 Maintain Velesto as a BUY with TP of RM0.34 as we peg 1.1x P/B to FY24F BVPS of RM0.32. This implies 16x FY24F P/E. We believe the market will re-rate on the stock amidst stronger earnings visibility from the shortage of offshore rigs.

Another serba in making...I advise you all to read their Bln sheet first before buying. Trade wisely.

Running flat since 2018. High debt company. Better be careful with this ultra penny stock. Trade wisely once in trap forever...

O.13 collect lagi. Push down lagi helang saya mahu collect lagi..😂🤣. Bau asap lagi.

Today magnum in top list..check out guys.

Planter agreed with you. Im not left DFX and still monitoring it. DFX in my radar. But DFX need some catalysts, the hot DC sentiment is over i guess. The next steps investors looking for some contract announcement..otherwise flat. Hopefully we receive good news soon.

But do your research...Tayor

Sorry sorry again..to DFX grews

On the daily chart, VELESTO ENERGY BERHAD (VELESTO) exhibits a bullish sentiment, trading above the 200-day Simple Moving Average (SMA), indicating a long-term uptrend. The Relative Strength Index (RSI) at 51.28 suggests a bullish stance, with the stock experiencing moderate buying pressure. The Moving Average Convergence Divergence (MACD) confirms the bullish momentum, with the MACD line above the signal line. The 21 SMA at 0.265 further supports the bullish narrative, while the 62 SMA at 0.272 indicates short-term bearish pressure. Should the current momentum continue, Velesto's price could challenge the nearest resistance level at 0.29, with a potential retest of the secondary resistance at 0.31. Conversely, in the event of a trend reversal, key support levels to watch are at 0.26 and 0.23. Our research house recommends a BUY call on VELESTO, with a target price of RM0.34.

Sorry, I know this is not Velesto blog..just few message only.

Ya agreed iklim. PNB major shareholder follows by HLB. They know how to push it up. In 2019 Velesto can shot up to 0.40/0.42 with minimum DCR. Today YTD Petronas paying them above usd100 per day..superb excellent DCR. When big2 sharks enter in, very easy to push it up. Read below👇

Hopefully PNB can close the gap..

All the big institutionals received good lump sums of dividends recently after many years hold this stock. My estimate, for PNB alone is around 10.9 million. Some foreign investment banks already left after taking the dividend profit. Maybe this could be the reason for the heavy selling recently. Our dividend is like peanut compared with theirs. The advantages and disadvantages of dividends...😁😄

I see no other reason except to press down the price and allowed someone to collect cheap ticket. PNB and HL still the top major shareholder beside others. Recently I saw more shariah type funds joined in.

Come join Velesto..now very cheap but once go up you won't get this price any more..😁

Oh! Minher please come back. We miss your power encouraging words.
By the way minher male or female..😂

Buta.com ler kita

I see Minher not in here anymore, didn't see any posting also...sdh jual dan lari ke?

If 2morrow can break 0.245, then good sign of upward trend. PNB won't let the price plunge down...

Guys, just drop by to check this price...why moving downward?
I think there's possibility to collect 0.18 or perhaps lower..

The data center theme is over. All the big sharks will jump to other counters soon, especially energy...

If they shut down 3 or 4 rigs at one time.. of course, they will be run loss. But I don't think Velesto has such stup.....d management to plan in such a way

Actually only 3 rigs. They're still profitable as DCR increased..

“At least three of our rigs, namely NAGA 2, NAGA 5 and NAGA 6, are expected to commence their five-yearly Special Periodical Survey in 2QFY2024, 3QFY2024 and 4QFY2024 respectively,” it added.

All 4 rigs not going for periodical survey at one time..make sure clarified clearly. It scheduled carefully one after another...maybe small significant effects as DCR already revised to usd 120 and above by Petronas. Current oil also favourable

Sunken naga issue already settled la..you dlm coma ke selama ni..

I hv to disposed DFX and switch over to velesto. Velesto dropped a lot need to leverage out my price over there as my most majority fund over there. Will joined back later..hopefully can I can get the same price later.

Armada doing good
Perdana doing good
Velesto after pay dividend...meow! Meow!
Tapi walau mcm mana pun...sabaaaaar!

If go below 0.20 poochi. If rebound back then all the way back 0.27/0.28..fingers crossed...

I collect some..take max risk also. Let see our luck

They do the same way back in 2019..

Strongly believe will rebound back strong. My guess is some big2 shark collecting now.

Weak out
Strong remain strong.
They pressed up to maximum..

Abang bought this company got reason...Minetech involved in renewable energy, especially solar power (floating or ground). Their 4th quarter revenue mainly drives from renewable energy. Sarawak aims 10GW renewable energy by 2030...another 6 years to go.

Abang will grab whatever contracts available but his main target is big projects..looking for one big project announcement especially in renewable energy...let wait and see.

Wow! So many burning smell 🤣

Bila mahu pecut..🙆

Someone working hard to downgrade Minetech. Aiyo! Got burning smell lah now..😂

KUALA LUMPUR: Minetech Resources Bhd’s wholly-owned subsidiary, Minetech Construction Sdn Bhd (MCSB), has secured a RM4.05mil contract from VED Engineers Sdn Bhd.

In a statement, Minetech said the contract is to undertake the construction and completion of road and drainage works for Banting Industrial City (Part of Phase 2D). The project, located in Tanjung Duabelas, Daerah Kuala Langat, Selangor, involves critical infrastructure development which is pivotal for the industrial city’s growth.

The contract commenced on June 28, 2024 and is slated for completion within three months.

You can clearly see that abang is doing his job very well. 3 contracts up to now and more to come...beli, hold dan sabar tu jer. Monday probably can break 0.155 or even higher..

Stock market unpredictable..😂🤣

Maybe or maybe not. Stock market unpredictable 😂🤣

It's stressful to see Velesto lagging like this. But remember this famous quote: Be fearful when others are greedy, and be greedy when others are fearful. Velesto is being cursed and feared by everyone, despite the fact that they have a strong track record for revenue. The exact time to collect and hold until the time comes. Agreed, it might be late, but you will be rewarded big.

As I said..no announcement mean no hike in price.

This news is old one. That guy is just mocking actually there's no announcement.

Some IB give bad coverage on Velesto. Same issues brought forward again and again. This gives a negative impact on share price. Actually, the middle east suspended rigs nothing to do as Velesto have already secured solid contract with Petronas till 2025. Very sad to see certain IB purposely downgrade Velesto.
Armada and Perdana get the credit...

Need announcement to further strengthen the share price...at lease one contract announcement. Hope to see soon.

Ibraco also a Sarawakian firm listed in bursa. It start a few years ago when Ibraco began his quarry business back in 2019. Today well established in construction, properties and building. Sarawak Government supports local firms. I believe Minetech can do the same under leadership of Abang. Patience will yield rewards.

I don't understand what you guys wrote in Chinese...how to translate please?