Posted by Genovese > 2 weeks ago | Report Abuse

If Velesto able to secure regional contract like Thailand and Vietnam, the IB will change their story.

Posted by RJ87 > 2 weeks ago | Report Abuse

Important thing is naga 5 get contract in Jan, naga 3 get contract in mac and naga 8 on June.

Posted by Genovese > 2 weeks ago | Report Abuse

Huge volume coming in. Hahahaha PNB playing this kind of tricks, press down and push it up.

Follow the wave and enjoy the ride!!

Posted by Macgyver111 > 2 weeks ago | Report Abuse

Hopefully.

Posted by Macgyver111 > 2 weeks ago | Report Abuse

I think TA is one of the lousy research centers. They did not fully digest the true story. Naga 8 was not suspended due to Velesto client cancelling the order. Actual Naga 8 completed drilling work in advance, or, in a simple form of words, we can say they completed it before the actual due/agreement date. The contract for Naga 8 was issued on 1st November 2023, and the commencing date is on 19 April 2024 until 18 October 2025 (1 year 6 months), but the Naga 8 crew completed the extraction work within 8 months. That means they are already 11 months ahead. This will give an opportunity to send Naga 8 for a special SPS survey. The contract amount is USD 74 million. They will receive the same amount even if they drag it until 18 October 2025...which is better, to complete the job quickly with efficiency and receive the full payment or drag the drilling job slowly, whereby it will swallow their operation cost?

I don't know how TA does the analysis... shop lot IB.

Posted by Genovese > 2 weeks ago | Report Abuse

Macgyver you got lock profit when Velesto reached 0.30?

Posted by Macgyver111 > 2 weeks ago | Report Abuse

Yes. Then buy again.

Posted by Genovese > 2 weeks ago | Report Abuse

Great 👍 panlai!

Posted by Macgyver111 > 2 weeks ago | Report Abuse

Morgan Stanley Raises Brent Oil Forecast for Late 2025 After OPEC+ Move https://oilprice.com/Energy/Energy-General/Morgan-Stanley-Raises-Brent-Oil-Forecast-for-Late-2025-After-OPEC-Move.html

Posted by marlboroman2 > 1 week ago | Report Abuse

This counter only hope is for year end window dressing (if any is coming at all) apart from this no other short term foreseeable cataylst.

Posted by Harryww > 1 week ago | Report Abuse

This stock is undervalued. According to world streets journal the price should be 0.35 which is 50%+ undervalued.

Posted by Macgyver111 > 1 week ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/12/09/improved-earnings-visibility-forecast-for-velesto

Very rare Maybank gives credit to Velesto. 

Posted by Genovese > 1 week ago | Report Abuse

Velesto please go out of Malaysia water. See that dayrate your air liur keluar tak??

Shallow-water driller Borr Drilling has secured a handsome dayrate with a new contract in West Africa for one of its jack-up drilling units.

The 2011-built jack-up Norve will go on contract at about $181,250 for a 320-day

Posted by Balian de Ibelin > 1 week ago | Report Abuse

All this over valuation sounds good on paper. If you extend the graph it gives either 0.05 per share and some say even 0.005 per share

Posted by hafizfizor90 > 1 week ago | Report Abuse

what i can say this stock nothing special everyday untung setiap tahun untung. tapi saham sentiasa jatuh

Posted by hafizfizor90 > 1 week ago | Report Abuse

better change the management lah.

Posted by Balian de Ibelin > 1 week ago | Report Abuse

Sarawak and Petronas dispute resolved with immediate effect.

Posted by Balian de Ibelin > 1 week ago | Report Abuse

Tomorrow might have a tick up

Posted by Macgyver111 > 1 week ago | Report Abuse

Sarawak premier Abang Johari Openg has revealed that a solution has been reached over the dispute between Sarawak and Petronas over the rights to oil and gas (O&G) resources in and around the state, with Prime Minister Anwar Ibrahim set to announce it soon.

Posted by Macgyver111 > 1 week ago | Report Abuse

PM will announce it soon, sources said...maybe during the 2025 budget presentation. Hopefully win-win situation for both parties. 

Posted by gkungpat > 1 week ago | Report Abuse

PMX 🤔🤔🤔

Posted by gkungpat > 1 week ago | Report Abuse

Ada jerung tengah tunggu nak makan besar..
Bagi jatuh dulu...
lepas tuuuuuuuuuuuuuuuuuuu ngappppppppppp

Posted by Baby Shark > 1 week ago | Report Abuse

I tunggu 0.24 & buy new car MYVI..

Posted by mikeann > 6 days ago | Report Abuse

BIMB Securities Research
Velesto Target price : 0.34

https://klse.i3investor.com/web/pricetarget/research/73934

Posted by Balian de Ibelin > 6 days ago | Report Abuse

Will be 15.5 sen for a long long time.
When Velesto profits increases, share price of Velesto decreases.😁

Posted by hafizfizor90 > 6 days ago | Report Abuse

hoping velesto will loss much so share price will be increase😂

Posted by Balian de Ibelin > 5 days ago | Report Abuse

This pressing down of share price to buy 1 million shares a day seems to continue forever and ever.....

Posted by EAGLE > 5 days ago | Report Abuse

Hahahaha....looks like cartel behavior

Posted by marlboroman2 > 4 days ago | Report Abuse

15.5 sens gone hahaha, next level 15 sens

Posted by Macgyver111 > 4 days ago | Report Abuse

Velesto deserved 0.30 and above. Many institutions sell ready. Need PNB or other big guys to step in. 

Posted by Macgyver111 > 4 days ago | Report Abuse

Still unclear what PNB's next move is.