From my analysis, this velesto would go rise back. I think its about time the price goes up and it would follow past record trend 11 - 18 FEB 2021 and 3 - 11 August 2020.
Velesto - Wa would goes up as well if really happen. I predict VELESTO - WA is more faster going up compare to its mother.
Good luck and happy trading! Past record never lies.
23/06/2021 5:55 PM X Macgyver11 And naga 2 and naga 5 already hired by Petronas Malaysia combined contract value of usd 20.76mil.
Naga 2 will commence its rig operation in between 15 May to 15 Jun 2021 (today is 23 of june by right the project already execute by now) Naga 5 will commence its rig operation in between 1st Apr to 14 Apr 2021 ( project already kick off )
If everything goes on smooth then this revenue will reflect in 2nd/3rd qtr..
Meanwhile...
Naga 4 was hired by Shell Malaysia with contract value of usd 17.68mil and the project will commencing on 15 Aug to 15 Oct 2021.
And
Balance 2 more rigs pending for contract announcement soon.
Velesto will most likely follows Sapnrg...Sap has about 10days to release Results. If Sap surge on Good earnings...Velesto will just ride the surging Tide. Watch out Amanahraya, last Buying is just too little. Used to Buy 100mil shares to support price
Between VELESTO and VELESTO - WA i think warrant would give fast return. Its can go up by 2 cents in a day. Past record reveals it. August 2021 and February 2020 is the reference.
The government has agreed to open the tourism sector in several destinations under the ‘travel bubble‘ programme based on a list of conditions.
As reported by Utusan Malaysia, Prime Minister Datuk Seri Ismail Sabri Yaakob said, for a start, Langkawi Island was chosen as a pilot project to be reopened to local tourists on Malaysia Day, 16 September.
“We are pleased to inform that through the meeting, we agreed to open the tourism sector in several destinations under the “travel bubble” programme based on the conditions set. For a start, Langkawi Island has been selected as a pilot project to reopen to local tourists starting 16 September,” he said.
He added that it would not be long before other tourist destinations will also be a part of this project.
“Other tourist destinations will be allowed to operate when the locality vaccination rate reaches 80%,” he said.
Yes, most probably contract announcement around this month. 3 rigs already start operation and 2 two more rigs going to deploy this month as press released by Velesto BOD recently...
Read carefully. This is published in edge market after 2nd qtr released recently on 25 Aug....
"On outlook, Velesto said upstream activities are continuing globally with contracts continuously being awarded, despite the unabating Covid-19 pandemic.
“In Malaysia, a number of new contracts have been awarded and the group managed to secure some of these contracts. The group is also actively bidding for new tenders for contracts scheduled to commence this year and next year," Velesto said, adding that three of the group’s six available jack-up drilling rigs are working, while two are scheduled to commence mobilisation in September.
It also updated that survey works for the submerged Naga 7 is in progress and salvage operations plan will be finalised on completion of that report. However, the rig has been declared as a total loss, hence compensation from the insurers had been agreed upon, it said."
Note: Read the 2nd paragraph..out of six rigs, 3 rigs are already in working and 2 more to commence in September. Think carefully, Velesto has 5 rigs only at the moment...out of five rigs three already mobilized for Shell Malaysia and Petronas, left two more to be deploy in this month (the contract for two more even announce yet). Please check the previous contract announcement. Possibility there's announcement soon.
SINGAPORE: Oil prices rose for a second session on Monday as concerns over shut outpur in the United States, the world's biggest produces, following damage from Hurricane Ida supported the market, along with expectations for higher demand. Brent crude rose 67 cents, or 0.9% to $73.59 a barrel, and U.S. West Texas Intermediate(WTI) crude also added 66 cents or 1% to $70.38 at 0633 GMT.
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....
bullmarket1628
3,711 posts
Posted by bullmarket1628 > 2021-08-27 19:47 |
Post removed.Why?