These fund managers didn't realised how undervalued the assets are. The assets can fetch around rm5bil in the next 5 years, how much are they worth now? The shares are easily worth 0.50 now. Kenaga has really shot their own foot.... Again
sit tight and wait for their 27th Feb Q result announcement & further publicity from their CEO (surely there will be more !) Looks like sth is brewing ......
MayBank and syndicate could be behind big up and down swing. Banker gives damning future while syndicate dumped to shake-out "loose" holders. Then they sapu everythings
I already collect my profit lah..I earned more than 80k recently sold at 265c lah. Now I do collect also but not much bcoz price still uncertain..LOL. I don't shout like you..apa la lu
Saya sdh beli balik la tadi 0.23c/0.225c...tapi says tarak syiok mcm lu org la. Tiam tiam sdh lah. Shark jerung ikan paus pun baca ni blog tau nanti dia kasi turun baru tau..tiam Tiam take TP la..
Apasal you sdh sangkut beli 265c kah dulu..skrg buat promotion jerit suruh org beli nak lepas tenguk kah..hahaha! Lol..sya tak ada tgk ni mcm investor Telor sebiji riuh sekampung. Sdh lah you tak payah buat promotion dkt sini, banyak investors dlm ni group semua old timer, sdh follow velesto since 2018 lah..tiam tiam sdh..kita punya duit kita mahu beli tak mahu kita punya suka. You sdh beli klu naik 40c ambil lah profit..kita tarak Hati busuk punya..all is well.
Oil prices posts gains after Russia says it will cut output by 500,000 barrels a day PUBLISHED FRI, FEB 10 2023 6:18 AM EST UPDATED 3 HOURS AGO Ruxandra Iordache
Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday, following Western bans on Moscow's crude and oil products implemented in the past few months. The announced production decline amounts to roughly 5% of Russia's latest crude oil output, which Paris-based watchdog the International Energy Agency estimated was down at 9.77 million barrels per day in December.
The Brent contract for April delivery rose 2.24% to settle at $86.39 a barrel, having risen more than 8% for the week. U.S. West Texas Intermediate crude futures rose 2.13% to settle $79.72 a barrel, and rose 8.63% for the week for to notch the best week since October. Novak said that the reduction will "help restore market relations," according to a Google translation of comments reported by state news agency Tass. He noted that the cut does not apply to gas condensate and will be calculated from actual output levels, not from Russia's quota under the OPEC+ output agreement. The decision was not made in consultation with the OPEC+ coalition, which Moscow co-chairs. OPEC+ producers must typically agree consensus on output policy, with members bound to their targets. But the group has previously allowed voluntary gestures that honor the spirit of existing output agreements — in this case, the Russian decline would build on a previous OPEC+ decision to lower production by a combined 2 million barrels per day, agreed in October last year. Other OPEC producers facing sanctions, such as Venezuela and Iran, have requested and received exemptions from their production quotas. Several OPEC+ delegates previously told CNBC that Russia had so far signaled no intention to ask for similar accommodations. The EU implemented bans on seaborne imports of crude oil on Dec. 5 and of oil products this week. Under a program passed by the G-7 wealthiest nations, Western providers may continue to supply key financial and shipping services to transport Russian volumes to non-G7 destinations, provided these fuels are purchased beneath specific price caps. "As previously stated, we will not sell oil to those who directly or indirectly adhere to the principles of the 'price ceiling'," Novak reiterated on Friday, adding that the price cap program could lead to oil and oil products shortages. "Lower Russian production together with China's reopening should tighten the oil market further over the coming quarters," UBS Strategist Giovanni Staunovo said in a Friday note to clients.
Looking at 3years Chart, Velesto is in higher of High which means it will retest 30sens ( given huge Vol. and higher Price). After 30sens, next will be 35sens and 40sens. Price can shoot up in a few Days Or a strong push over a month or so. Strong 4Q22 earnings will be major catalyst-----if Good results will be out 15 or 22Feb
I am also looking at " reverse impairment Loss " in 4Q22 results. If all Velesto Rigs are working it is natural to revert back outlook....the number is in "Billion" but i think management will slowly reverse/annouce in stages
If All Biz is Bad in 2023 (Malaysia), then All Mutual Funds and Big Time investors will flood Velesto with their Extra Cash since Petronas sell Oil Overseas and doesnT depends on local Economy
Recession inevitable. Investors safe guard their money now to buy later when stocks on dip. Who don't want good bargain on banks shares like RHB, Maybank Public Alliance nestle and many more.
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....
roslaom
502 posts
Posted by roslaom > 2023-02-08 13:37 | Report Abuse
Maybank call:Hold, TP:26