Velesto Energy Bhd’s* unit has secured three jack-up drilling rigs contracts for Petronas Carigali Sdn Bhd (PCSB), valued at US$128 million (RM569.48 million). The three jack-up rigs — Naga 3, Naga 4 and Naga 6 — have a drilling depth capability of 30,000 feet and a rated operating water depth of 350 feet to 400 feet. Velesto’s subsidiary Velesto Malaysian Ventures Sdn Bhd will start providing the rigs in the third quarter (3Q) of 2023.
BobAxelrod NOSH over 8 billions shares. Buntut gajah, how to rise? Ho _____________________________
74% of Velesto shares are held Top 30 shareholders as List in 2022 annual Report. About 2 billion are held by Ikan Bilis but 90% of this 2billion shares are "Trapped from RM4.00 --30sens . How many shares are trading Daily?? Less than 200mil directly from Buying today Selling at T+2......Any Big Fish buys Velesto like EPF, Velesto become a illiquid Stock in less than a week
KUALA LUMPUR (May 10): CGS-CIMB Securities has maintained its “Add” rating on Velesto Energy Bhd at 23 sen with a higher target price (TP) of 26 sen (from 23 sen) and said recent data suggest that Velesto’s new contracts may have been secured at daily charter rates (DCR) exceeding US$100,000/day (versus US$90,000/day, as assumed earlier).
In a note on Tuesday (May 9), the research house said with rig utilisation likely to meet its expectations of circa 80%, it has raised Velesto’s FY23-25F core EPS forecasts by 10-32% on the back of higher DCRs.
CGS-CIMB said average DCRs in SEA rose from 2022’s US$74k/day to US$89k/day in May 2023, and may continue to increase as recent contracts have been signed at higher levels, including for Velesto’s rigs.
“Reiterate Add, with a TP of 26 sen.
“Potential re-rating catalysts include our expectation that Velesto will swing back to profits in 1Q23F (from the shock 4Q22 losses),” it said.
already suspected PNB will keep supporting price( another 8mil bought) Have another 2 weeks before Qr out and if PNB keeps pushing Velesto Above 30sens it means after Good results, price will surely surge to 50sens
I think if merger between SAP and MHB is successful, maybe PNB will sell SAP's Rigs to velesto to make Velesto the Sole supplier of Jack Rig in Malaysia ( King of the Hill )
The Theme Play in Serba was that it was COMPULSORY to do Daylight Robbery of State of Sarawak to give money to Dubai Feller and rescue Serba jobs otherwise the State of Sarawak will collapse.
Sama sama here.
It is compulsory to do Daylight Robbery of Government of Malaysia to rescue RM70 million salary guy and rescue Sapura jobs otherwise Government of Malaysia will collapse and Malaysia will become part of Afghanistan.
Does this sound exactly the same?
The inventor is the same guy aka PearlBlackCheater aka TakadaNahtuk
PearlBlackCheater aka TakadaNahtuk copied this Violent Money Scam 100% from Hitler
This thing actually started with Hitler who said its compulsory to do Daylight Robbery of the Jews by taking their money using force to rescue Germans jobs
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....
Nickhii90
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Posted by Nickhii90 > 2023-05-09 16:37 | Report Abuse
lama lagi