This is long waiting contract that I was expected...finally pop up. Bankers from sell now give hold. Next they will say strong buy call...guys this is lifetime opportunity don't miss it 😎
The recently announced is short term contract, 2 well drilling about 100days only but the contract valued RM 61mil. It's good profitable contract...just do simple calculation (61mil / 100) = RM 610,000/day. Let say minus all the operating cost RM400,000 / day...sap sap sui velesto earned net profit of 21 mil and this will Budgeted in up coming qtr (since the contract already started in Feb 2023). Just my 2c correct me if I'm wrong.
Kenaga already said that new contract daily charter rate is above USD 100k per day. They recognized is good rate but maintain sell. So they waiting for USD200k per day? Kenanga analyst Not realistic and wrong calculation!!!
Trust me, many bankers & stockBroker house gave low, low TP bcos they missed the "Boat" MayBank indicate Foreign holdings of Velesto has increased by 9% ( first 6mth of 2023 excluding those that are already in before Jan 2023 )-----Why foreigners keep buying? Local & bankers said donT touch it!!!!! Except Hong Leong Investment (holding 10% ) ---the smarter One
This Fart-king stu-pick kenanga soh hai .... last year when velesto down to 0.08 cts , they called for sell !! listen to them then you will sure RIP !!!
Just my Guess why Kenanga gave Low TP.......StockBroker House Main Biz is to finance Share purchases..... If Kenanga take a 200mil Velesto Deal at 19sen-----Do you think They keep shouting 30sens TP ( DonT blame Kenanga or believe any TP by Bankers ) It is just BIZ !!!!!!!!!!!!!!!!!!!!!!!!!!!
Top 5 most wanted by foreigners from 1-1 till 30-6 . Any clues? Their buying price should be 0.18 till 0.2x. Is tp 0.19 enough for them or ikan bilis like us? Us knee to think also can understand.
KUALA LUMPUR (July 13): CGS-CIMB Securities has maintained its “Add” rating on Velesto Energy Bhd at 23.5 sen with an unchanged target price (TP) of 25 sen, and said the FY2024F outlook for Velesto may be stronger than current house forecasts if Velesto obtains the recent strong daily charter rates (DCR) achieved by its peers in the region.
Always take advice over internet with a "pinch of salt" after all FREE advice (TP) always has vested interest.....Bankers ask you to BUY bcos they are selling....It is always better to have a Good Remisier for Sound advise Or Tips, atleast He is working/hoping you Make moni, and he got Good commission
Oil markets will face serious problems as demand from India and China ramps up....report from IEF
“So, for the second half of this year, we’re going to have serious problems with supply keeping up, and as a result, you’re going to see prices respond to that,” McMonigle told CNBC on the sidelines of a meeting of energy ministers from the group of the 20 leading industrial economies (G20) in Goa, India, on Saturday.
McMonigle attributes the push in oil prices to increasing demand from China — the world’s largest importer of crude oil — and India.
“India and China combined will make up 2 million barrels a day of demand pick-up in the second half of this year,” the Secretary General said.
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....
success2628
377 posts
Posted by success2628 > 2023-07-11 21:37 |
Post removed.Why?