VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.16

Today's Change

-0.025 (13.51%)

Day's Change

0.145 - 0.19

Trading Volume

236,514,600


29 people like this.

24,375 comment(s). Last comment by RJ87 3 hours ago

Hotstuff

3,291 posts

Posted by Hotstuff > 2019-05-14 09:12 | Report Abuse

buy!

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-14 09:19 | Report Abuse

Belem lah

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-14 12:02 | Report Abuse

Dah kata belum mah , tunggu 25 c Atau bawah sapu kaw kaw Liao .

Hotstuff

3,291 posts

Posted by Hotstuff > 2019-05-14 12:04 | Report Abuse

diam la sohem

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-14 12:31 | Report Abuse

@hotstuff
How many m u invest vele ?

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-14 12:58 | Report Abuse

VEB MK 5243 Main Market 8,216 2,053.9 0.48/0.22 43,801 29.9 2.0
PNB - 52.7 LTAT - 4.4
Forecast Revision (%)
FY18 FY19
Forecast Revision (%) >100 (99.0) Core Net Profit (RMmn) (32.0) 0.2 Consensus (16.4) 19.6 TA/Consensus (%) >100 1.0 Previous Rating Buy (Maintained)
Financial Indicators
Net (Debt)/Equity (x) ROA (%)
ROE (%)
NTA/Share (RM) P/NTA (x)
FY18 FY19
0.4 0.3 (0.7) 0.0 (1.2) 0.0
0.3 0.3 0.8 0.8
Share Performance
Price Change (%)
1 mth 3 mth 6 mth 12 mth
VEB FBMKLCI
(5.7) 1.1
(9.1) (6.1) (15.3) (5.3) (20.6) (1.0)
We left Velesto Energy Bhd’s (VEB) analyst briefing feeling cautious. We note that 4Q utilisation rate is expected to be strong as only 1 of 7 rigs will be idle during the quarter. That said, 1QFY18 will be lacklustre as the monsoon season prevents mobilisation of rigs. We reiterate our Buy recommendation on VEB with lower TP of RM0.33 based on 1x CY19 P/B. Our recommendation is underpinned by 1) completion of financial restructuring and impairment exercises, and 2) steady charter rates with steadily improving utilisation rates. The former results in reduction of interest and depreciation costs that will underpin earnings recovery moving forward.
Strong 4Q, Followed by Weakness...
According to management, 4QFY18 utilisation will be stronger given that 6 out of 7 jack-up rigs will be contracted during the quarter. Management noted that NAGA 3, 5, and 6 are now expected to be contracted until January 2019 versus December 2018 previously. Going forward, VEB expects only 3 out of 7 rigs to be working in 1QFY19 due to the inability to mobilise rigs during the monsoon season. Thus, after an expected quarterly net profit in 4QFY18, we expect a large loss in 1QFY19.

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-14 13:09 | Report Abuse

Buah-Kurma
Makhsud anda meletop tu large loss 1qfy19 ?
Menakutkan Saya lah !

jeccy

235 posts

Posted by jeccy > 2019-05-14 17:00 | Report Abuse

Sounds like EPF is dumb? Why EPF keep acquiring?

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-05-14 17:02 | Report Abuse

good question

KAQ4468

21,497 posts

Posted by KAQ4468 > 2019-05-14 17:03 | Report Abuse

EPF also acquired kaw kaw Sapura @ 1.50



kah kah kah

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-14 18:05 | Report Abuse

Bagaimana 1qr19 , saya rasa +/- 100 m ?

offshore

327 posts

Posted by offshore > 2019-05-15 09:29 | Report Abuse

100m is a bit too ambitious. I will be happy if it can exceed 50m.

Rowie

471 posts

Posted by Rowie > 2019-05-15 14:14 | Report Abuse

+/- RM10m is from available info
Anything more + is a miracle

Rowie

471 posts

Posted by Rowie > 2019-05-15 14:15 | Report Abuse

coming out on the 21st.............stay tuned

coolio

620 posts

Posted by coolio > 2019-05-15 14:29 | Report Abuse

10m Profit is consider veli veli god. Last year lost 100m. So expect upside on the price movement.. Guess EPF will keep pumping

coolio

620 posts

Posted by coolio > 2019-05-15 14:31 | Report Abuse

if result out on may 21st, then it is a good sign.. if late..better run

Ron90

4,127 posts

Posted by Ron90 > 2019-05-17 00:57 | Report Abuse

qr suppose in green territory and that would be a very good indicator that this comp. moving in the right direction..2 consecutive results, and increasing.

7300

2,152 posts

Posted by 7300 > 2019-05-17 00:59 | Report Abuse

expected very soon above 30 sen

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-17 08:35 | Report Abuse

If this Qr poses into green . Thereafter 2qr19 will b fabulously hit golden 2 consecutive result which will peak price up ! Otherwise hv to wait until year end then only seen spiking up !
Wakakakaka

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-17 10:19 | Report Abuse

Target saya lepas qr keluar 40 c!
Wakakakaka

calvintaneng

56,706 posts

Posted by calvintaneng > 2019-05-19 19:25 | Report Abuse

Just quietly buy while cheap

Posted by 100001740002484 > 2019-05-20 15:59 | Report Abuse

Hi, Calvin how abt azrb? Nd ur kind advise too. Tq

calvintaneng

56,706 posts

Posted by calvintaneng > 2019-05-20 16:09 | Report Abuse

Posted by 100001740002484 > May 20, 2019 3:59 PM | Report Abuse

Hi, Calvin how abt azrb? Nd ur kind advise too. Tq

Calvin replies:

Azrb is oversold & now a real bargain just like Uzma

calvintaneng

56,706 posts

Posted by calvintaneng > 2019-05-20 16:10 | Report Abuse

So many Oil & Gas stocks have retraced in prices & now so cheap.

Just buy slowly

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-21 15:53 | Report Abuse

What to say ti's qr remain into heavily Red?

Posted by greatinvestor > 2019-05-21 17:41 | Report Abuse

Qtr result out

Posted by greatinvestor > 2019-05-21 17:42 | Report Abuse

Red color

Posted by birkincollector > 2019-05-21 17:42 | Report Abuse

omg......so so bad

loyalok

162 posts

Posted by loyalok > 2019-05-21 17:45 | Report Abuse

-0.027 per share in 1q

Posted by pepsicola1012 > 2019-05-21 17:55 | Report Abuse

even though i didnt booked a flight , but eventually i landed in holland

Posted by EatCoconutCanWin > 2019-05-21 18:15 | Report Abuse

cb liao this time

Posted by Andersonkhoo > 2019-05-21 18:26 | Report Abuse

Die Liao

Woodswater

3,783 posts

Posted by Woodswater > 2019-05-21 18:54 | Report Abuse

Thursday limit down !

Iamyou

60 posts

Posted by Iamyou > 2019-05-21 19:05 | Report Abuse

No eye see this Thursday.

gutt

169 posts

Posted by gutt > 2019-05-21 19:17 | Report Abuse

dont need see thursday.

Calvin882

1,562 posts

Posted by Calvin882 > 2019-05-21 19:25 | Report Abuse

Just enjoy tomorrow holiday. Don't think bout Thursday

Tunjung

201 posts

Posted by Tunjung > 2019-05-21 20:35 | Report Abuse

Ha ha rugi lagi

Rowie

471 posts

Posted by Rowie > 2019-05-21 20:52 | Report Abuse

Mkt expected a small loss & price factored in.
Worst case low will be 27 Sen.

More important was the contract wins recently whereby future for the next 2-3 years is secured.
Share price came down drastically cos there were no contracts but now scenarios are different.
Moving forward the share price will move up of cos will depend on crude oil price, economic factors etc.

Ignore the noise by naysayers, uneducated people here, those who spew rubbish etc .
If u have, place an exit price or don't buy. Just go to other forums & don't waste your time here.
Most people act like they are God but always lose money & are pathological liars like ajibgor

enigmatic

919 posts

Posted by enigmatic > 2019-05-21 20:54 | Report Abuse

Pied Piper's stock

CHLEONG888

924 posts

Posted by CHLEONG888 > 2019-05-21 21:14 | Report Abuse

Agreed with Rowie, look at bigger anger, oil prices will be strongly sustain, at least till end of this year

sell

2,456 posts

Posted by sell > 2019-05-21 21:29 | Report Abuse

PNB smarter than EPF to sell.

ID007

603 posts

Posted by ID007 > 2019-05-22 01:07 | Report Abuse

Why epf keep buying?

Roger123_

16 posts

Posted by Roger123_ > 2019-05-22 01:22 | Report Abuse

Run by stupid fund managers? Will cut loss after QR?

ID007 Why epf keep buying?
22/05/2019 1:07 AM

pujut

151 posts

Posted by pujut > 2019-05-22 01:24 | Report Abuse

Really hope for panic selling sampai limit down...boleh beli bila amat murah..lelong lelong hehehe...

calvintaneng

56,706 posts

Posted by calvintaneng > 2019-05-22 01:32 | Report Abuse

Nothing is wrong with Velesto result

REVENUE HAS GONE UP FROM RM121 MILLIONS TO RM127 MILLIONS (AN INCREASE OF RM6 MILLIONS). ONLY COST OF SALES CAUSED LOSSES

NEXT FEW QUARTERS SHOULD BE GOOD WHEN REVENUE CONTINUES TO RISE AND COST OF SALES GO DOWN

ANY PRICE WEAKNESS IS OPPORTUNITY TO ADD

4444

1,800 posts

Posted by 4444 > 2019-05-22 01:55 | Report Abuse

21-May-2019 31-Mar-2019 127,029 -19,615 -22,227 -22,219 -17.50% -0.81% -0.27 0.00 0.3322 -250.66% -543.05%
https://klse.i3investor.com/servlets/stk/fin/5243.jsp

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