Posted by Yu_and_Mee > 2022-09-06 15:18 | Report Abuse

one day made 5.88%, should sell now

Posted by CHWong > 2022-09-06 15:44 | Report Abuse

no need so fast sell. will up break 0.13

Posted by wongcheehui83 > 2022-09-06 16:03 | Report Abuse

end of today will go till 9.5

Posted by wongcheehui83 > 2022-09-06 16:03 | Report Abuse

i guess

Posted by CHWong > 2022-09-06 16:41 | Report Abuse

a lot buyer at 0.09
78.68% buy at 0.09

Posted by wongcheehui83 > 2022-09-06 22:56 | Report Abuse

let see tmr what happen

Posted by hafizisolehah88 > 2022-09-07 22:51 | Report Abuse

haiyaaa

Posted by wongcheehui83 > 2022-09-07 22:59 | Report Abuse

standby only lo

Posted by wongcheehui83 > 2022-09-08 09:29 | Report Abuse

today will 0.095

Posted by bullmarket1628 > 2022-09-08 11:50 | Report Abuse

Great! Brent oil now is up +USD$0.58
Waiting for my good news on my tommorrow morning’s update on Brent oil ya !

Heng Ah, Ong Ah, Huat Ah !

Posted by Macgyver11 > 2022-09-08 17:24 | Report Abuse

bullmarket1628,
Save your energy bro, no need to shout every day. When time come sure go up one, who are you to determine the global market price whatsoever veleslow still got long way to go...

Posted by bullmarket1628 > 2022-09-09 06:12 |

Post removed.Why?

Posted by bullmarket1628 > 2022-09-10 10:40 |

Post removed.Why?

Posted by wongcheehui83 > 2022-09-12 07:24 | Report Abuse

。。。。。。。。

Posted by EAGLE > 2022-09-12 10:26 | Report Abuse

Taking off?

Posted by Expertise > 2022-09-12 10:45 | Report Abuse

End of tunnel?

Posted by Bon888 > 2022-09-12 11:02 | Report Abuse

Finally U turned!! Up 23.5% today. Keep the momentum.

Got good news coming?

Posted by EAGLE > 2022-09-12 11:26 | Report Abuse

Fly fly fly

Posted by kong73 > 2022-09-12 11:26 | Report Abuse

Velestoooo

Posted by Macgyver11 > 2022-09-12 12:07 | Report Abuse

Wow!
Klse really weird. Lost go up profit go down..hahaha!
Veleslow turned velefast

Posted by Macgyver11 > 2022-09-12 12:08 | Report Abuse

Anyway good to see price move up....

Posted by bullmarket1628 > 2022-09-12 12:10 |

Post removed.Why?

Posted by Bon888 > 2022-09-12 12:11 | Report Abuse

https://www.klsescreener.com/v2/news/view/1042599

Posted by Macgyver11 > 2022-09-12 12:11 | Report Abuse

Most probably institutional join in soon...

Posted by Bon888 > 2022-09-12 12:13 | Report Abuse

Affin Hwang said bad time already over, smooth sailing from 2H 2022 onward. 2023 will be a good turnaround year for Velesto.

Posted by Macgyver11 > 2022-09-12 12:15 | Report Abuse

Break the 13c wall...Vele

Posted by bullmarket1628 > 2022-09-12 12:31 | Report Abuse

Strong turnaround in second half for Velesto, says Affin Hwang
By Azanis Shahila Aman
September 12, 2022 @ 9:47am

https://www.nst.com.my/amp/business/2022/09/830502/strong-turnaround-second-half-velesto-says-affin-hwang

KUALA LUMPUR: Affin Hwang Capital expects a strong second half of 2022 (2H22) profit turnaround for Velesto Energy Bhd on the back of a higher capacity utilisation.
The research house said the drilling market outlook had turned more favourable compared to a quarter ago with demand and charter rates on the rise. 

Barring any unforeseen disruptions, it said Velesto should end 2022 with a full-year 59 per cent utilisation. 
"Management is also sticking to its bullish tone as it expects utilisation to rise close to 80 per cent in 2023 from our existing 65 per cent assumption.

"Velesto has locked in roughly 18 per cent utilisation so far, with most of the potential contracts still under negotiation under Petronas' umbrella package," it said.
Meanwhile, the firm said the estimated higher 72 per cent rig utilisation in 2H22, above Velesto's 60 per cent breakeven level should lead to a strong profit turnaround and narrow 2022 losses significantly. 

It said 2023 was shaping up to be a strong recovery year driven by a recovery in both rig demand and charter rates. 
"We reaffirm our Buy rating and target price of 11 sen on Velesto. 
"We believe market expectation on Velesto has bottomed and downside on its share price appears limited. 
"We see value emerging and believe that the current share price has not factored in the improving drilling market outlook," it added.

Posted by Lewis Lee > 2022-09-12 17:21 | Report Abuse

Very-slow is just warming up today !!
I can see TP 28ct to reach by year end 2022 when more and more good news revealed !
Be patient !!

Posted by Wilson786 > 2022-09-12 22:35 | Report Abuse

Tomolo reach 15¢..

Posted by rwilliams > 2022-09-12 23:18 | Report Abuse

Affin Hwang analyst only taking into account the Jack up rig, not the Hydraulic Workover Rig (HWU). At the moment, the HWU rigs for Velesto are fully sold out. One is in Vietnam, One is for ExxonMobil Malaysia, and the last one is going for long term contract with Petronas for Tembungo P&A.

Thus the HWU rigs revenue are on top of the jack up rig utilization rate that discussed by Affin Hwang. I think 11 cent valuation is too cheap, should be at least 20 cent. Besides, although posting negative earning, Velesto EBITDA always positive, and always cash flow positive... Especially after that ~ RM 500 Million insurance money after the demise of Naga 7.

Posted by Icon 888 > 2022-09-13 00:20 | Report Abuse

Rig rig rig

Posted by Lewis Lee > 2022-09-13 12:49 | Report Abuse

分析：马银行投行研究

目标价：22仙

Maybank investment just give a TP of 22 cts !!!
More and more investment banks queueing to up TP liao !!
Heng Ong Huat Liao !!!!

Posted by Expertise > 2022-09-13 14:48 | Report Abuse

Shark collects enough,all give high TP…gogogo

Posted by Macgyver11 > 2022-09-13 16:06 | Report Abuse

Come on vele break the 13c wall...gogogo

Posted by bullmarket1628 > 2022-09-13 17:00 |

Post removed.Why?

Posted by Macgyver11 > 2022-09-13 17:49 | Report Abuse

KUALA LUMPUR: Velesto Energy Bhd (Velesto) menjangkakan prospek sektor minyak dan gas (O&G) dalam aktiviti penerokaan dan pengeluaran (E&P) akan terus berkembang tahun ini dan tahun depan susulan peningkatan pelaburan.

Presidennya, Megat Zariman Abdul Rahim, berkata kenaikan harga minyak dunia yang tinggi ketika ini menybabkan banyak syarikat E&P membuat pelaburan yang besar.

"Selain itu, mereka (pelabur) juga tahu terdapat kekurangan bekalan (minyak) di peringkat global menyebabkan banyak pelaburan mula dibuat ke dalam sektor ini.

"Hasilnya menyebabkan aktiviti mula meningkat dan kesannya syarikat dalam sektor perkhidmatan seperti Velesto meraih manfaat daripada situasi sedemikian.

"Dalam kes kami, semua enam pelantar kami sudah beroperasi setakat ini dengan empat di Malaysia, satu di perairan negara dan Thailand dan satu lagi di Vietnam," katanya kepada BH ketika ditemui di ruang pamerannya bersempena persidangan dan pameran minyak, gas dan petrokimia antarabangsa, OGA x MOGSEC & PSC 2022 di sini, hari ini.

Velesto adalah pemilik dan pengendali picu penggerudian 'jack-up' terbesar di Malaysia serta Asia Tenggara.

Selain Malaysia, syarikat mempunyai pengalaman beroperasi di negara-negara Asia Tenggara seperti Indonesia, Vietnam, Filipina dan Thailand dengan trek rekod bekerja dengan syarikat minyak dan gas tempatan serta antarabangsa.

Mengulas lanjut Megat Zariman berkata, trend peningkatan pelaburan di dalam aktiviti E&P itu dilihat untuk terus mampan bagi jangka pertengahan.

Ditanya mengenai rancangan pengembangan, beliau berkata, buat masa ini pihaknya mahu memberi tumpuan kepada penggunaan pelantar, kos syarikat dan memaksimumkan margin.

"Untuk jangka panjang, kami mahu melihat apakah peluang yang ada sebelum dapat membuat keputusan, namun buat masa ini kami mahu memastikan pelantar kami terus beroperasi.

"Pada separuh pertama tahun ini, penggunaan pelantar kami hanya pada tahap 40 peratus sahaja, namun ia dijangkakan meningkat kepada lebih 70 peratus pada separuh kedua ini.

"Ini akan menyumbang kepada pemulihan kedudukan kewangan syarikat untuk separuh kedua tahun ini," katanya.

Velesto mencatatkan kerugian bersih RM43.17 juta pada suku kedua berakhir 30 Jun 2022 berbanding keuntungan bersih RM16.27 juta dalam tempoh yang sama tahun lalu.

Kerugian itu antara lain disumbangkan oleh sumbangan yang lebih rendah daripada segmen penggerudiannya, serta perbelanjaan korporat yang lebih tinggi susulan kerugian pertukaran asing bersih yang lebih tinggi pada suku semasa.

Posted by gbt_9428 > 2022-09-13 18:04 | Report Abuse

https://www.klsescreener.com/v2/news/view/1043369
hwhehe Sell on news
tomorrow.morning open higher take profit 1st

Posted by trading2019 > 2022-09-14 09:44 | Report Abuse

Any TPs that come from Kenanga, you need to take it with a pinch of salt. They never do their due diligence when recommending. Just look at Pestech, from 1.34 TP to 0.34 TP in just a few months.

Posted by Lewis Lee > 2022-09-14 11:33 | Report Abuse

This Fatt king stup!p Kenanga , now up TP from 0.08 to 0.16 pulak ? Lol

Posted by rwilliams > 2022-09-14 18:24 | Report Abuse

This kenanga... They might do due diligence, but I suspect that they take a position in certain stock - bias analysis. For instance, no matter how bad Uzma earning report, Kenanga always put higher TP.. Even that counter always miss expectation

Posted by kong73 > 2022-09-14 20:49 | Report Abuse

Velesstowww..show me the money

Posted by bullmarket1628 > 2022-09-15 07:03 |

Post removed.Why?

Posted by Expertise > 2022-09-15 09:07 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Offshore-Drilling-Rates-Jump-Could-Rise-Further-To-500000-Per-Day.html

Posted by ncy810116 > 2022-09-15 09:56 | Report Abuse

.12 can break

Posted by EAGLE > 2022-09-15 09:56 | Report Abuse

Mari mari mari

Posted by kingJ > 2022-09-15 10:27 | Report Abuse

Yaaa, sudah mali

Posted by SinGor > 2022-09-15 10:41 | Report Abuse

when you have Very Big Player like Kenanga in Full support, what can I say. Kenanga has 20,000 retail Clients
yes the Biggest ikan bilis stock broker House in Malaysia. They sapu All resistance and keep sending Goreng
messages to its clients.....you already know what will happen next

Posted by cakirsalleh > 2022-09-15 10:47 | Report Abuse

What is you guys TP? 0.22 just what maybank suggested?

Posted by bullmarket1628 > 2022-09-15 10:52 | Report Abuse

cakarsalleh, Maybank TP 22 then just follow lih, it definitely will break above 22 cents one !

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-09-15 10:52 |

Post removed.Why?