Posted by SinGor > 2022-10-09 10:34 | Report Abuse

15sens will be broken next week. Massive Oil Bull will see $100 Oil again and will stay above $100 beyond
Christmas and push into 2023. There is no other Big Cap (Oil) in Bursa that was push-down so badly as
Velesto ( beside SAP)

Posted by Macgyver111 > 2022-10-09 11:20 | Report Abuse

TA is maintaining its 2022 and 2023 Brent crude oil price assumptions of US$105/barrel and US$90/barrel respectively.

“Against this backdrop of resilient and heightened oil price, we are ‘overweight’ on the (Malaysian oil and gas) sector,” she said.

Posted by Macgyver111 > 2022-10-09 11:31 | Report Abuse

TA’s Malaysian oil and gas sector coverage includes companies like Petronas Chemicals Group Bhd, MISC Bhd and Velesto Energy Bhd.

On Petronas Chemicals’ shares, Chan said TA has a target price (TP) of RM9.19 and “hold” call for the stock.

TA has a TP of RM7.10 and “hold” recommendation for MISC, besides a TP of 10 sen and “buy” call for Velesto, she said.

I think there's some error here. TP 0.10c for velesto, cannot be isn't it. Now velesto trading @ 0.12c. I think it's literally mean 0.12c (current price) + 0.10c = TP 0.22c...guess

Posted by Macgyver111 > 2022-10-09 11:36 | Report Abuse

George99

Thought tp myr 1.00

1.00 long way to go..stock market unpredictable

Posted by Macgyver111 > 2022-10-09 12:05 | Report Abuse

TP of 0.25c and above is possible subject to..
1) If Brent price can maintain usd 95 and above throughout 2023/2024
2) Increase in daily DCR rate (in 2019 Velesto received usd83,000 and above for DCR contracts from Roc oil and Mubadala project)
3) Improve in qtr earning (3rd qtr onward)

Posted by SinGor > 2022-10-09 14:26 | Report Abuse

It is a Gold standard, Bursa shares never goes up slowly. It always Ramp-up fast and furious, why? Syndicate job.
They never give chance to ikan Bilis to collect so that they can sell next day to make a 2cents profit.....syndicate
wants ikan bilis to Buy from "them" at 50cents Or RM1.00 premium. Then whale sharks will move -in.....play
another 2--3months like DNEX ( everybody disappeared )
If there is a Goreng RM1.00 is a Big possibility. Behind pushing is PNB invisible Hand

Posted by George99 > 2022-10-10 12:48 | Report Abuse

Rate is increase 300%. Should be send all its asset unit to middle east. Utilization make in 100%...

Should be go to MYR 1.00

Posted by SinGor > 2022-10-10 15:55 | Report Abuse

tomolo First to celebrate GE15, Limit Up 42sens

Posted by CHLEONG888 > 2022-10-10 16:28 | Report Abuse

At least 1.00

Posted by SinGor > 2022-10-10 16:39 | Report Abuse

Velesto Was a RM4.20 stock when Oil Hit $100,,, 5--6years ago. Half way also 2.00

Posted by SinGor > 2022-10-10 16:41 | Report Abuse

Velesto IPO at 2.80. When up to 4.50 ( intra-day)when Oil hit $100

Posted by Macgyver111 > 2022-10-10 17:46 | Report Abuse

I hope so also. Even 0.90c limit up I will become instant millionaire...I hold huge shares in velesto..

Posted by matyeh > 2022-10-10 22:19 | Report Abuse

I'll be for tomorrow, even velesto warrants also gotta fly too

Posted by George99 > 2022-10-11 10:19 | Report Abuse

0.11 to 0.115...

Posted by George99 > 2022-10-11 10:27 | Report Abuse

Collect or sell?
Limit up x nampak lagi..

Posted by hafizisolehah88 > 2022-10-11 10:29 | Report Abuse

aiyooo

Posted by success2628 > 2022-10-11 12:01 | Report Abuse

Top up more Velesto at @0.11

Posted by Macgyver111 > 2022-10-11 12:04 | Report Abuse

Hahaha!

Where is the 1.00?

Posted by George99 > 2022-10-11 14:11 | Report Abuse

Mcm mn ni.... rig already send to middle east or not......
Need news to push up ni..


PH win or PN win or BN win....now..

Posted by success2628 > 2022-10-11 16:48 | Report Abuse

Walaoeh, What happended ?
Super damn hot man ICON today !
Now ICON already traded at => 0.125 (+0.015) (+13.6 %)

Congratulations to all of the ICON diehard supporters !

Posted by Lewis Lee > 2022-10-12 11:21 | Report Abuse

If can reach TP = 0.30, die hard "very slow" supporters can be laughing all the way to the bank already !!!

Posted by Macgyver111 > 2022-10-13 19:40 | Report Abuse

The world should be worried’: Saudi Aramco — the world’s largest oil producer — just issued a dire warning over 'extremely low' capacity.

The global oil market remains tight according to Saudi Aramco, the largest oil producer in the world. And that does not bode well for a world that still relies heavily on fossil fuels.

“Today there is spare capacity that is extremely low,” Saudi Aramco CEO Amin Nasser says at a conference in London. “If China opens up, [the] economy starts improving or the aviation industry starts asking for more jet fuel, you will erode this spare capacity.”

Nasser warns that oil prices could quickly spike — again.

“When you erode that spare capacity the world should be worried. There will be no space for any hiccup — any interruption, any unforeseen events anywhere around the world.”

Posted by George99 > 2022-10-14 13:50 | Report Abuse

Apa dah jadi ...
Sampai sekarang tak naik naik lagi.....

Road to MYR 1.00

Posted by EAGLE > 2022-10-14 17:17 | Report Abuse

Hahaha... Mana bole sindiket mau kasi untung senang2. Sapa tak tahan bole jual.

Posted by Macgyver111 > 2022-10-14 20:25 | Report Abuse

Hahaha..betui

Posted by Macgyver111 > 2022-10-14 20:29 | Report Abuse

Dapat 0.20/25c pun ckp ler..jgn tamak

Posted by Lewis Lee > 2022-10-15 10:44 | Report Abuse

"very slow" style = sikit sikit lama lama jadi bukit !!
Don't look check the price now, go to do something else and come back at 31-12-2022 !
haha

Posted by 11395861 > 2022-10-16 17:02 | Report Abuse

Collect now n keep until dis 2022.......2023 boommmmmnnnn....menjulang

Posted by George99 > 2022-10-17 09:13 | Report Abuse

Dec ah...... Long time ya.....
I go for others counter frist

Posted by success2628 > 2022-10-20 07:08 | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $92.41 +2.38 +2.64 %

Like that today Velesto will be limit up already liao lah !

Congratulations to all the Velesto die hard supporters!

Posted by aspenvit > 2022-10-20 11:57 | Report Abuse

Looks like next Q very good result.

Posted by Shines > 2022-10-20 12:55 | Report Abuse

Looks good but dragging their feet

Posted by leedavid > 2022-10-21 07:59 | Report Abuse

velesto got strengh

Posted by Lewis Lee > 2022-10-21 14:13 | Report Abuse

"very slow" can up 0.5ct per day, you can open champagne to celebrate already loh !

Posted by WEIMEY > 2022-10-21 22:42 | Report Abuse

Dayang service rate saw 20% increment, I think jackup rig day rate will increase by 30%, hold tight on the boot, this is going to fly

Posted by WEIMEY > 2022-10-21 22:42 | Report Abuse

https://www.nst.com.my/business/2022/10/842431/dayang-enterprise-contract-wins-petronas-carigali-sustain-earnings-till-end

Posted by Macgyver111 > 2022-10-22 10:31 | Report Abuse

Ya hold tight brent also uptrend now...heading toward usd100. Almost all IB said oil price will sustain at usd90 and above for next year target (2023). Daily rigs rate will increase soon at least 20 to 30%. Velesto will back to 2012/2013 glory.

Posted by Income > 2022-10-24 10:25 | Report Abuse

1 vote only 300 kah. Can’t last for two days. So cheap to buy votes?
Don’t make Rakyat laugh lah.

Posted by Income > 2022-10-24 10:28 | Report Abuse

The cheapest is to spread GE promises, no need to pay. After GE won, tell Rakyat can not implement GE promises.

Posted by Macgyver111 > 2022-10-24 11:07 | Report Abuse

So vote for DSAI lah. If DSAI win & become next PM, bursa sure meletop one..100% sure. Huge foreign fund will flowing in. That time you don't know which stocks to buy..everything shoot up . Haha! Hidup DSAI

Posted by Income > 2022-10-25 07:54 | Report Abuse

Joe Biden did something that will solidify his legacy as the greatest in history.

A despicable act that could give him direct access to you.

Posted by Income > 2022-10-25 07:59 | Report Abuse

And even though we all know these central bankers have blood on their hands (inflation, the Greenspan bubble, Ben Bernanke)…

No one, and I mean NO ONE expected this.

Posted by leedavid > 2022-10-26 08:11 | Report Abuse

dont forget this stock

Posted by Macgyver111 > 2022-10-26 09:24 | Report Abuse

Our local oil & gas companies waiting to boom soon, matter of time only. Believed oil price will be remain at usd 90 and above for entire year of 2023/24. All largest IB believed that USA SPR will be almost drained out to it lowest capacity soon and plus USA sanctions on Russia will enhance further the oil price. Crude oil deprivation becomes more imminent in up coming years unless USA try to lift off sanction on Venezuela and Iran, that's unlikely happen soon. Hold tight earning is visible for Velesto once daily rigs rate increase to 20 to 30%.

Posted by Macgyver111 > 2022-10-26 09:42 | Report Abuse

https://www.theedgemarkets.com/article/pnb-top-institutional-seller-bursa-malaysia-2q2022-%E2%80%94-bursa-digital-research

PNB off loaded some of it equity mostly in plantations and domestic but not energy counters, that's good news. Why they dumped such a huge fund still unclear...due to political influence (election G15) or they want to build up equity in some other sectors (Energy and Financial). Let see...

Posted by Macgyver111 > 2022-10-27 16:19 | Report Abuse

Looks alike coming qtr most probably return to black.

Posted by CHLEONG888 > 2022-10-28 06:59 | Report Abuse

Yahoo!Target price of RM0.16 just around the corner, perhaps before GE

Posted by Macgyver111 > 2022-10-28 22:52 | Report Abuse

From the middle of June until the end of last month, crude was in a sustained downward trend that saw WTI futures drop 38% from a June 14th high of 123.68 to a September 26th low of 76.25. That move was not in a straight line, of course, and contained at least half a dozen retracements that looked promising at times, but ultimately turned out to be bear market rallies, consolidation-type moves that set up for more selling quite quickly. I have stayed bearish during that time, but over the last few days, my long-term base case has shifted.

WTI

When CL started to bounce off that September low, most were suspicious, given how many false dawns we had already witnessed. Now, however, a month after that low was hit, this is starting to look like a sustainable rally, both on the chart and in terms of the fundamentals.

From a chart perspective, this looks more like a reversal than just another retracement. After climbing off the low, CL did retrace a little, but over the last few days has bounced back again. That would indicate that an actual low has been formed and if we continue higher and break above 93.64, we will be in the third wave of a bullish Elliott pattern. There is still some way to go to get there, but it looks more likely now than a drop back to $76, not least because the economic outlook had changed.

The change is actually quite subtle, but it improves the outlook for oil demand considerably.

As Q3 earnings have come in, a pattern is emerging. Most of the bad earnings reports, with top and bottom-line misses and lowered guidance, have come in the areas of tech, and business-to-business companies. The disastrous META earnings this morning would be a case in point. Meanwhile, consumer-oriented and manufacturing businesses have actually faired quite well. Companies like Coca-Cola (KO) and GM (GM) did relatively well in Q3 and in many cases have actually raised their Q4 outlooks. That indicates that businesses have been cutting back in anticipation of a recession, but that recession hasn’t really come because consumers are still spending.

That is a good sign for oil, demand for which is far more sensitive to consumer activity than it is to software or online ad sales, but it also increases the chances of a “soft landing” for at least the US, and maybe even for the global economy. US GDP rose 2.6% last quarter after two consecutive quarters of declines. That might be seen as increasing the risk of even more drastic tightening by the Fed, but there have also been recent signs that price increases are moderating. That would increase the chances of them easing up a bit and maybe pausing hikes until the impact of the hikes so far is known. Over the last week or so, the bond market has begun to see that as a distinct possibility, with yields coming off their highs and the inverted yield curve flattening out somewhat.

So, it is possible, likely even according to the data, that the economy will not crash before the Fed stops squeezing, and that there will be only a quite small slowdown with what weakness there is concentrated in areas of the economy that are not important in terms of oil demand. Given that the drop has really been about demand, that is a huge change in fundamental conditions, which is why, over the last few days, I have swung from bear to bull.

So, if we go back to the chart, where would we be headed in a bull market? The first target would be a break above the October 10th high of $93.64. As I said that would confirm this move up as the third wave in an Elliott pattern and if that happens, then Elliott theory says we would go up above $100 before retracing again in wave four, then push back up above the third wave high in wave five. All of that looks far more likely now than it did just a few days ago, so I for one will be trading with a long-term long bias until things change again.

Posted by success2628 > 2022-11-03 07:08 | Report Abuse

Walaoeh, oil price continue to spike up like mad !
Brent closed at=> $96.16 +1.51 +1.69 %

Like that today Velesto will be limit up already liao lah !

Congratulations to all the Velesto die hard supporters!

Posted by WEIMEY > 2022-11-03 11:58 | Report Abuse

The boom would be dependent on Petronas outlook report, this is going to release in mid of December. once the report is out, we would have view on how Petronas spend its capex next three years, again, Petranas has no choice but to compete with regional oil owner to fasten increasing the exploration and production to secure limited jackup in the regions. Vietnam and Indonesia also voice up they will increase oil production amid of high oil price