Dumping high..its can drag the price more lowest than now. Safe your money to buy later.

Next year after 1st qtr, there's bright chances to hit 0.40.

The group said it has tendered for three projects with a total estimated value of RM3.5 billion for its maintenance, repair and overhaul and oil and gas segments.

“The exact breakdown for the expenditure on the working capital for each new project cannot be determined at this juncture and will depend on the working capital requirements of the new projects at material time,” the group said.

The outcome of the tendered projects, it said, will be made available by the first quarter of 2021.

Destini said RM28.14 million of the placement proceeds would be used as working capital for existing projects. The group currently has 16 ongoing contracts with an outstanding value of RM536.6 million, which will provide earnings visibility for the next two years.

Destini said the placement is expected to be completed in the first quarter of 2021.

Shares in Destini closed 2.22% or half a sen higher at 23 sen, valuing the group at RM318.84 million. The group saw 7.75 million shares traded today.

Rozabil buying since 2019...past 2 years nothing happen. Expect announcement (if there is any announcement) after 1st qtr 2021 as what mentioned in edge news. Now they are in midst of fund rising through PP to finance the existing projects in hand.

Easy to get more projects..

New Govn policy, as what we see in cabinets and later on will apply to corporate...bumi to bumi, I guess.

Come on Velesto, move up.

Brent now close near to USD 52..

Vol increase seems..

1mil shares on 15/12..

Velesto being hibernating for past one year, once its wake up....WALLA!!

Rozabil keep on collecting..haha

Just look in year 2019 how velesto performs when brent trading @ USD 60. I believed it will repeat again...matter of time.

Wow! Brent now hit USD 51+

Goldman Turns Bullish On Oil: Sees $65 Brent In 2021.

This is correct time for all the O&G industries to gain prosperity.

Umno related counters back on feet..

Umno counters back on feet..

Budget approved in third hearing...

Dewan Rakyat hari ini meluluskan Rang Undang-undang Perbekalan 2021 selepas bacaan ketiga.

Ia dijalankan melalui undi belah bahagi selepas bacaan kali ketiga oleh Menteri Kewangan Tengku Zafrul Abdul Aziz yang menyaksikan 111 ahli parlimen menyokong, dan 108 MP menentang, dengan seorang lagi tidak hadir.

Terdahulu, cubaan ahli parlimen blok pembangkang untuk menggagalkan rang undang-undang tersebut ketika selesai penggulungan peringkat jawatankuasa, juga tidak berhasil.

Ia menyaksikan keputusan sama iaitu 111-108, dengan satu ahli parlimen tidak hadir.

Budget approved in third hearing..

Dewan Rakyat hari ini meluluskan Rang Undang-undang Perbekalan 2021 selepas bacaan ketiga.

Ia dijalankan melalui undi belah bahagi selepas bacaan kali ketiga oleh Menteri Kewangan Tengku Zafrul Abdul Aziz yang menyaksikan 111 ahli parlimen menyokong, dan 108 MP menentang, dengan seorang lagi tidak hadir.

Terdahulu, cubaan ahli parlimen blok pembangkang untuk menggagalkan rang undang-undang tersebut ketika selesai penggulungan peringkat jawatankuasa, juga tidak berhasil.

Ia menyaksikan keputusan sama iaitu 111-108, dengan satu ahli parlimen tidak hadir.

Dewan Rakyat hari ini meluluskan Rang Undang-undang Perbekalan 2021 selepas bacaan ketiga.

Ia dijalankan melalui undi belah bahagi selepas bacaan kali ketiga oleh Menteri Kewangan Tengku Zafrul Abdul Aziz yang menyaksikan 111 ahli parlimen menyokong, dan 108 MP menentang, dengan seorang lagi tidak hadir.

Terdahulu, cubaan ahli parlimen blok pembangkang untuk menggagalkan rang undang-undang tersebut ketika selesai penggulungan peringkat jawatankuasa, juga tidak berhasil.

Ia menyaksikan keputusan sama iaitu 111-108, dengan satu ahli parlimen tidak hadir.

Betui!!

Politic sentiment not good..

Worried politic sentiment might drag the price down.

Maybe retreat back...Dr M join force with kuli to over throw this PN govn in budget presentation tomorrow. Too many turbulence in our politic, one side Anwar unrelevent claim and in other side Dr M & Kuli. Let see how.

https://www.worldoil.com/news/2020/12/11/oil-prices-find-new-strength-as-financial-markets-prep-for-a-2021-recovery

https://www.freemalaysiatoday.com/category/bahasa/tempatan/2020/12/14/peruntukan-kementerian-pertahanan-lulus-tanpa-bantahan/

They building the base.

https://www.bangkokpost.com/business/2034619/oil-rises-from-the-ashes-as-the-big-virus-recovery-trade

https://www.thestar.com.my/business/business-news/2020/12/10/brent-likely-to-rise-in-2021-improving-petronas-sales

Petronas preparing for bull market next year. Good news for upstream players..

Aiyoo! Two news which is true..

https://www.malaysia-today.net/2020/12/13/sidang-media-khas-anwar-pada-hari-isnin-dibatal-alasan-berita-palsu/

Now media claimed false statement. Don't know which is true. Let see how the stock behave tomorrow.

https://www.malaysia-today.net/2020/12/13/sidang-media-khas-anwar-pada-hari-isnin-dibatal-alasan-berita-palsu/

Now Media claimed false statement..don't know which is true. Let see tomorrow how the stock behave.

This is what I told earlier..our local politic not stable yet. Tok Abah is smart...either we sell or take the bullets.

https://www.astroawani.com/berita-politik/anwar-akan-bentang-sokongan-113-ahli-parlimen-dalam-masa-terdekat-272867

There's possiblity to buy cheap again. Armada not related must to our local politic issues but bursa does..

https://www.astroawani.com/berita-politik/anwar-akan-bentang-sokongan-113-ahli-parlimen-dalam-masa-terdekat-272867

This also can delay the Velesto...

Sabar ler biar lambat asalkan selamat..haha!

Patient laa...

Why board director Mr Cheong keep on disposing his shares..mahu tukar director ke?

I think TokAbah do the right choice..haha!

https://www.theedgemarkets.com/article/brent-rises-above-50bbl-first-time-march-vaccine-optimism

Take position now.

Brent now usd 50+. Just patient and wait for EPF to join in as what they do in year 2019. Velesto still consider as a darling counter for this two institutional (PNP/Amanah and EPF)...after that the price will move up more drastically than what we imagine off...

So far Velesto is the cheapest O&G counter with strong bull run heading ahead. Buy on optimism.

Dah tau tak pe..haha!

Inconsistently hoping for announcement as I mentioned earlier. People read this blog and blindly hold as long as they can so that there's an announcement. Is there any announcement...not certain yet!!!
I'm also holding and holding hope for new contract announcement..I give myself target till January. Let see.

Also remember this. Malaysia politic still uncertain anything can happen within a couple months...maybe Anwar strike back again, it could be Mahathir and so on. Umo link company still in the edge of risk.

Brent 49+..back on track.

I believed soon la..bcoz rest of the O&G counters start making good progress except Velesto. 2021 favourable for O&G..now O&G theme after glove.

Looks alike so many people hook with this Destini bcoz blindly hope for billion contract..which that I look not possible at this near time. Maybe there is but not now and not in billion...mungkin million sikit ler. Waste so many month not month but year....eeem!! Adios!!

Velesto still far behind knm and Armada..hope it can break 0.20..so far overall for year 2020, Velesto still below 0.20.

Vaccines hearing will be done this week by FDA. Meanwhile USA stimulus package will follow up. Once both issues settle, expect oil to move up further possible break the USD 50 great wall. All positive sign for O&G market...