Just like world oil prices, it cannot continue to stay low. Note that Brent prices have moved up from the USd40 level to the current USd50 level, that is more than 20 % up. Not too difficult to deduce what will happen to Velesto price in the the near future.....have faith
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 disappointing compared with Bumi Armanda and even Sapura Energy. I get the data for beginning March 2020 as a comparison because Brent crude price about the same then. Brent Price 4-Mar-20 51.13 52.11 53.03 51.04 3-Mar-20 51.86 53.47 53.9 51.22 2-Mar-20 51.9 48.95 53.2 48.4 KLCI 4-Mar-20 1,489.95 1,478.33 1,491.07 1,474.95 3-Mar-20 1,478.64 1,476.30 1,481.36 1,466.90 2-Mar-20 1,466.94 1,471.34 1,478.68 1,456.08
Bumi Armanda and HengGuan have gone pass the early March 2020 share price. Sapura is now about 75% of early March price. Velesto is only 55% of early March share price. Nothing much have change in terms of fundamentals for Bumi Armanda, Sapura and Velesto, except for Analyst calls
before March most analysts TP = 40-50 !! But after that all pakat and reduce TP to 10-15, big bosses kedekut kah ? spend few more bucks to pay them, analysts also need to minum kopi right ?? LOL
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....
KAQ4468
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Posted by KAQ4468 > 2020-12-11 09:43 | Report Abuse
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