Velesto Energy Bhd is one, posting a net profit of RM5 million for the first quarter ended March 31, 2018, compared to a net loss of RM104.1 million in the corresponding quarter a year ago. In the preceeding quarter ended December, its loss was a whopping RM980.5 million.
“For Velesto, things will continue to improve as they continue their cost rationalisation and utilisation increases. I believe second-quarter utilisation should be between 70% and 80% and second-half utilisation will likely be more than 90%,” said Abel Goon, an analyst with TA Securities.
Velesto always mirror Sapnrg price. But Sapnrg is a different Beast with 1/3 of its Biz scope is Jack-rig Biz. and even that Sap's jack rigs Don't complete with Velesto's Petronas Contracts.
Sap's Debt (18B) is a Beast that even Mahathir Dare NOT rescue. For Mahathir just to rescue Half of Sap's Debt( 9B), He can have Proton 2, Proton 3 and Proton 4 combined
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
anson938
2,009 posts
Posted by anson938 > 2018-06-12 09:12 | Report Abuse
Will it go over 0.30?