Posted by SinGor > 3 weeks ago | Report Abuse

from now until 3Q25, results will be stable & predictable-----when forward guidance is Clear, buying from
foreigner and Institution will be consistent-----upgrade coming

Posted by azfar8 > 3 weeks ago | Report Abuse

Agree with SinGor, i may want to stay longer in this stock, seems like at this level, the safest entry.

Posted by RJ87 > 3 weeks ago | Report Abuse

Agreed with Singor. Current QR mostly old pricing. Next QR should reflect new pricing.

Still try to figure out reason for sell down.

Posted by azfar8 > 3 weeks ago | Report Abuse

ya, why were there selling down. Why even now not moving up that much

Posted by Epseps > 3 weeks ago | Report Abuse

Never fail. Good QR yet price dropping

Posted by Macgyver111 > 3 weeks ago | Report Abuse

Fear of recession. Media promoted it heavily. Is there any recession?
Uncertain. Hope for the good.

Posted by speakup > 3 weeks ago | Report Abuse

What recession? No such thing

Posted by RJ87 > 3 weeks ago | Report Abuse

welcome to bursa de casino
——————————————-
Epseps
Never fail. Good QR yet price dropping
56 minutes ago

Posted by madakiman > 3 weeks ago | Report Abuse

Give back my underwear to me

Posted by prudentinvestor > 3 weeks ago | Report Abuse

Big boys are resting today, preparing for Merdeka Day celebrations tomorrow so you don't see better performance with improved quarterly results. No reason for its price to stay at this level for a prolonged period. Most IBs have buy calls on this counter.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 3 weeks ago | Report Abuse

Velesto

Year Earnings
2020 -492m
2021 -90.8m
2022 -100.0m
2023 +99.5m
2024 110 m (1H 2024)

Price 20.5 sen per share
Market Cap 1.684b

Posted by azfar8 > 3 weeks ago | Report Abuse

ya, i might need my underwear back la, asyik pegang telur je tgk velesto, jadi separuh masak nnt... hahaha

Posted by Rwan88 > 3 weeks ago | Report Abuse

Just wait EPF to buy back this counter..

Posted by Macgyver111 > 3 weeks ago | Report Abuse

Yes agreed with you. As Velesto posted continuous profit by right, this should attract EPF to join in. Maybe their dividend is not favourable for them, but changes are likely. 

Posted by Macgyver111 > 3 weeks ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1384139/petronas-039-lower-exploration-activities-in-sarawak-to-affect-velesto-in-2025

Kenanga always bantai Velesto..adoi!!!

Posted by prudentinvestor > 3 weeks ago | Report Abuse

"Just wait EPF to buy back this counter.."
Rwan88, I don't know how many shares EPF has but it is not among the top 30 largest shareholders. Amanah Saham Bumiputra and PNB control over 40% of its shareholdings. Quite safe to invest at this level.

Posted by hhhiii123 > 2 weeks ago | Report Abuse

Lucky I run, I think it will drop even further before rebound

https://www.nst.com.my/business/corporate/2024/08/1098821/petronas-lower-exploration-activities-sarawak-affect-velesto-2025

Posted by Macgyver111 > 2 weeks ago | Report Abuse

No worries. Kenanga used the same news over and over again. It's considered factored in. Velesto already secured solid contracts. The only problem that we need to look ahead to is the oil price and other market sentiment. 

Posted by ITreeinvestor > 2 weeks ago | Report Abuse

The Group’s utilisation is expected to be lower in 2H 2024, due to three of our rigs, namely NAGA 2, NAGA 5 and NAGA 6,
which will be conducting their Special Periodical Survey and 5-yearly maintenance in the second half of the year.

Posted by Macgyver111 > 2 weeks ago | Report Abuse

KUALA LUMPUR: Velesto Energy Bhd has completed its mandatory five-yearly special periodical survey (SPS) for Naga 2.

Naga 2 completed SPS in 2 qtr. In 3 qtr, most probably Naga 5 and follow up by Naga 6 in the decent planning sequence. From 2nd QTR prospective, it is very clear that even with one rig under SPS, they still can deliver excellent QTR. Why?
Bcoz Higher DCR....

Posted by SinGor > 2 weeks ago | Report Abuse

Malaysia population 33 mil----Thailand 72mil---Vietnam 99mil---Indonesia 283mil---Bangladesh 173mil---
Malaysia CAN export Oil bcos of population Size. Thai, Vietnam, Indo, Bangla All has coastal Oil Deposit
but their Oil exploration is way behind Malaysia in Size bcos their Economy just Exploded at the same
time as China ( 2000--2020 ). ( Malaysia Oil exploration date back in 1960 )
Population dictates Oil consumption--Thailand & Vietnam are pumping hundreds of million to Find Oil---
You really think Velesto has to depend on Petronas ---By the way Thailand pays more for Velesto Rigs than
Petronas

Posted by azfar8 > 2 weeks ago | Report Abuse

Wow. You guys are really doing your job nicely, know the company well. Keep it up.

Posted by MrSaham > 2 weeks ago | Report Abuse

O & G is not a sector in-play currently

Posted by Macgyver111 > 2 weeks ago | Report Abuse

Warren Buffett top pick during this uncertain time...
1. Oil & Gas (Oxy)
2. Insurance (CB)
3. Lsxmk and Lsxma (media/publishing)

Posted by Macgyver111 > 2 weeks ago | Report Abuse

OPEC+ has started discussing a possible delay to their planned easing of the production cuts after oil prices crashed in the past days to the lowest level in 9 months, sources in the alliance told Reuters on Wednesday.

Posted by specializedvenge > 2 weeks ago | Report Abuse

I thought I am smart sold some at.27 and bought back some at .22
Up car too at last.

Posted by madakiman > 2 weeks ago | Report Abuse

I have 3 stock on hand included this stock, all with good QR but the price move down to holland. KLSE is really suck.

Posted by toffeemoose > 2 weeks ago | Report Abuse

alot of my contacts have exited Bursa and explored other markets.....easily and heavily manipulated....

Doing the same now....

Posted by Macgyver111 > 2 weeks ago | Report Abuse

Hahaha! Welcome to Bursa de Casino 😀

Posted by Macgyver111 > 1 week ago | Report Abuse

https://www.channelnewsasia.com/asia/petronas-mulls-court-injunction-legal-action-sarawak-oil-gas-rights-4590996

Posted by Macgyver111 > 1 week ago | Report Abuse

PMX very smart..

"Prime minister wants Sarawak's demands to be managed “at the corporate level with Petronas without involving the federal government”.

Posted by Macgyver111 > 1 week ago | Report Abuse

If the federal government is not allowed to interfere and the deal is handled at the corporate level, then the chances for Petronas to win the court cases are high.

Posted by Macgyver111 > 1 week ago | Report Abuse

The deal is not yet over. It looks like Petronas is not going to give it up easily, and there might be some sort of government intervention in it. It was all about government royalty from Petronas. If Petronas revenue decreases, so will the government revenue. Think who will win the court case?

If Petronas wins, then Velesto shares price 🚀🚀🚀

If Petros then Velesto share --------------will be flat for some time.

Posted by mikeann > 1 week ago | Report Abuse

https://klse.i3investor.com/web/pricetarget/research/72555

Posted by hafizfizor90 > 1 week ago | Report Abuse

Kami meninggalkan taklimat penganalisis VELESTO dengan perkara penting berikut: (i) Kadar penggunaan yang lebih baik daripada Naga 3 dengan DCR yang lebih tinggi daripada Naga 3 dan 5; (ii) Kadar penggunaan keseluruhan yang lebih rendah untuk dilihat pada 2HFY24 & FY25; dan (iii) Kecekapan operasi yang lebih tinggi untuk Perkhidmatan Penggerudian. Dengan pelarasan untuk kadar penggunaan keseluruhan yang lebih rendah tetapi kadar hari yang lebih tinggi dan kecekapan operasi yang lebih baik, kami melaraskan pendapatan kami untuk FY24/FY25/FY26 sebanyak +4.3%/- 11.7%/+24.1%. Kami menyemak sedikit TP kami kepada RM0.30/saham (sebelum ini RM0.34/saham) berdasarkan 12x CY25 EPS. Kekalkan Beli.

Posted by Macgyver111 > 1 week ago | Report Abuse

Datuk Ling Kien Sing buying.

Posted by azfar8 > 1 week ago | Report Abuse

given many good news & recent good quarter report, but the price is still going further down, my interest to stay investing is start to fade. at least, stay above 0.20 cent. but keep on going down since the first quarter result, it's not something to be celebrated.. I am thinking to cut loss already.

Posted by Nourchar > 1 week ago | Report Abuse

Given what you said up there this means the stock is undervalued and being pressured by market decline O&G prices declined
I think you should be buying more at this point and waiting for market and sector correction
There is nothing wrong with the stock itself

Posted by JamesTalk > 1 week ago | Report Abuse

alamak, can go lower?

Posted by Macgyver111 > 1 week ago | Report Abuse

Must understand, the market sentiment drags the price down not because of Velesto performance. 3 reasons for that

1st dispute between Petronas and Sarawak  government (still on going)

2nd oil price drop

3rd recession fear shadowing the investors. 

Wait for the court verdict in between Petronas and Sarawak government dispute...then everything might change.

Other O&G counters also drop (Armada, and Perdana)..even those who invest in Armada and Perdana also cursing... there's nothing we can do.

Posted by Macgyver111 > 1 week ago | Report Abuse

https://www.reuters.com/business/energy/us-eia-lifts-oil-demand-forecast-says-prices-will-recover-above-80bbl-2024-09-10/

Posted by Macgyver111 > 1 week ago | Report Abuse

I like this guy's opinion on crude oil forecast...

https://m.economictimes.com/markets/expert-view/why-are-crude-oil-prices-falling-despite-a-weakening-dollar-rakesh-arora-answers/articleshow/113256186.cms

Posted by bosskubakery > 1 week ago | Report Abuse

0.20....

Posted by kasinathan > 1 week ago | Report Abuse

Buy when people are fearful and sell when people are greedy.

Posted by kasinathan > 1 week ago | Report Abuse

30 cents is within the next quarter

Posted by Macgyver111 > 1 week ago | Report Abuse

Ya maybe. That's why insiders buy. When Datuk Ling Kien is buying, that means for the short term. He might dispose at 0.30. Look at his past transactions. He does that frequently. Free lobster lah.

Posted by prudentinvestor > 1 week ago | Report Abuse

Almost all the IBs have buy calls on this counter with tps of above 30 sen a share but it just refuses to move up.

Posted by Salahuddin Ahmad > 1 week ago | Report Abuse

The game above 0.2 has just started, let's go

Posted by Macgyver111 > 1 week ago | Report Abuse

Don't make conclusion quickly. Need to break 0.25 first otherwise it's purely drive by Brent.

Posted by Macgyver111 > 22 hours ago | Report Abuse

US Fed's 50-bp rate cut seen unleashing funds into Malaysian assets :: https://theedgemalaysia.com/node/727327