RJ87

welcome to bursa de casino
——————————————-
Epseps
Never fail. Good QR yet price dropping
56 minutes ago

1 month ago

madakiman

Give back my underwear to me

1 month ago

prudentinvestor

Big boys are resting today, preparing for Merdeka Day celebrations tomorrow so you don't see better performance with improved quarterly results. No reason for its price to stay at this level for a prolonged period. Most IBs have buy calls on this counter.

1 month ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Velesto

Year Earnings
2020 -492m
2021 -90.8m
2022 -100.0m
2023 +99.5m
2024 110 m (1H 2024)

Price 20.5 sen per share
Market Cap 1.684b

1 month ago

azfar8

ya, i might need my underwear back la, asyik pegang telur je tgk velesto, jadi separuh masak nnt... hahaha

1 month ago

Rwan88

Just wait EPF to buy back this counter..

1 month ago

Macgyver111

Yes agreed with you. As Velesto posted continuous profit by right, this should attract EPF to join in. Maybe their dividend is not favourable for them, but changes are likely. 

4 weeks ago

Macgyver111

https://www.klsescreener.com/v2/news/view/1384139/petronas-039-lower-exploration-activities-in-sarawak-to-affect-velesto-in-2025

Kenanga always bantai Velesto..adoi!!!

4 weeks ago

prudentinvestor

"Just wait EPF to buy back this counter.."
Rwan88, I don't know how many shares EPF has but it is not among the top 30 largest shareholders. Amanah Saham Bumiputra and PNB control over 40% of its shareholdings. Quite safe to invest at this level.

4 weeks ago

hhhiii123

Lucky I run, I think it will drop even further before rebound

https://www.nst.com.my/business/corporate/2024/08/1098821/petronas-lower-exploration-activities-sarawak-affect-velesto-2025

4 weeks ago

Macgyver111

No worries. Kenanga used the same news over and over again. It's considered factored in. Velesto already secured solid contracts. The only problem that we need to look ahead to is the oil price and other market sentiment. 

4 weeks ago

ITreeinvestor

The Group’s utilisation is expected to be lower in 2H 2024, due to three of our rigs, namely NAGA 2, NAGA 5 and NAGA 6,
which will be conducting their Special Periodical Survey and 5-yearly maintenance in the second half of the year.

4 weeks ago

Macgyver111

KUALA LUMPUR: Velesto Energy Bhd has completed its mandatory five-yearly special periodical survey (SPS) for Naga 2.

Naga 2 completed SPS in 2 qtr. In 3 qtr, most probably Naga 5 and follow up by Naga 6 in the decent planning sequence. From 2nd QTR prospective, it is very clear that even with one rig under SPS, they still can deliver excellent QTR. Why?
Bcoz Higher DCR....

4 weeks ago

SinGor

Malaysia population 33 mil----Thailand 72mil---Vietnam 99mil---Indonesia 283mil---Bangladesh 173mil---
Malaysia CAN export Oil bcos of population Size. Thai, Vietnam, Indo, Bangla All has coastal Oil Deposit
but their Oil exploration is way behind Malaysia in Size bcos their Economy just Exploded at the same
time as China ( 2000--2020 ). ( Malaysia Oil exploration date back in 1960 )
Population dictates Oil consumption--Thailand & Vietnam are pumping hundreds of million to Find Oil---
You really think Velesto has to depend on Petronas ---By the way Thailand pays more for Velesto Rigs than
Petronas

4 weeks ago

azfar8

Wow. You guys are really doing your job nicely, know the company well. Keep it up.

3 weeks ago

MrSaham

O & G is not a sector in-play currently

3 weeks ago

Macgyver111

Warren Buffett top pick during this uncertain time...
1. Oil & Gas (Oxy)
2. Insurance (CB)
3. Lsxmk and Lsxma (media/publishing)

3 weeks ago

Macgyver111

OPEC+ has started discussing a possible delay to their planned easing of the production cuts after oil prices crashed in the past days to the lowest level in 9 months, sources in the alliance told Reuters on Wednesday.

3 weeks ago

specializedvenge

I thought I am smart sold some at.27 and bought back some at .22
Up car too at last.

3 weeks ago

madakiman

I have 3 stock on hand included this stock, all with good QR but the price move down to holland. KLSE is really suck.

3 weeks ago

toffeemoose

alot of my contacts have exited Bursa and explored other markets.....easily and heavily manipulated....

Doing the same now....

3 weeks ago

Macgyver111

Hahaha! Welcome to Bursa de Casino 😀

3 weeks ago

Macgyver111

https://www.channelnewsasia.com/asia/petronas-mulls-court-injunction-legal-action-sarawak-oil-gas-rights-4590996

3 weeks ago

Macgyver111

PMX very smart..

"Prime minister wants Sarawak's demands to be managed “at the corporate level with Petronas without involving the federal government”.

3 weeks ago

Macgyver111

If the federal government is not allowed to interfere and the deal is handled at the corporate level, then the chances for Petronas to win the court cases are high.

3 weeks ago

Macgyver111

The deal is not yet over. It looks like Petronas is not going to give it up easily, and there might be some sort of government intervention in it. It was all about government royalty from Petronas. If Petronas revenue decreases, so will the government revenue. Think who will win the court case?

If Petronas wins, then Velesto shares price 🚀🚀🚀

If Petros then Velesto share --------------will be flat for some time.

3 weeks ago

mikeann

https://klse.i3investor.com/web/pricetarget/research/72555

2 weeks ago

hafizfizor90

Kami meninggalkan taklimat penganalisis VELESTO dengan perkara penting berikut: (i) Kadar penggunaan yang lebih baik daripada Naga 3 dengan DCR yang lebih tinggi daripada Naga 3 dan 5; (ii) Kadar penggunaan keseluruhan yang lebih rendah untuk dilihat pada 2HFY24 & FY25; dan (iii) Kecekapan operasi yang lebih tinggi untuk Perkhidmatan Penggerudian. Dengan pelarasan untuk kadar penggunaan keseluruhan yang lebih rendah tetapi kadar hari yang lebih tinggi dan kecekapan operasi yang lebih baik, kami melaraskan pendapatan kami untuk FY24/FY25/FY26 sebanyak +4.3%/- 11.7%/+24.1%. Kami menyemak sedikit TP kami kepada RM0.30/saham (sebelum ini RM0.34/saham) berdasarkan 12x CY25 EPS. Kekalkan Beli.

2 weeks ago

Macgyver111

Datuk Ling Kien Sing buying.

2 weeks ago

azfar8

given many good news & recent good quarter report, but the price is still going further down, my interest to stay investing is start to fade. at least, stay above 0.20 cent. but keep on going down since the first quarter result, it's not something to be celebrated.. I am thinking to cut loss already.

2 weeks ago

Nourchar

Given what you said up there this means the stock is undervalued and being pressured by market decline O&G prices declined
I think you should be buying more at this point and waiting for market and sector correction
There is nothing wrong with the stock itself

2 weeks ago

JamesTalk

alamak, can go lower?

2 weeks ago

Macgyver111

Must understand, the market sentiment drags the price down not because of Velesto performance. 3 reasons for that

1st dispute between Petronas and Sarawak  government (still on going)

2nd oil price drop

3rd recession fear shadowing the investors. 

Wait for the court verdict in between Petronas and Sarawak government dispute...then everything might change.

Other O&G counters also drop (Armada, and Perdana)..even those who invest in Armada and Perdana also cursing... there's nothing we can do.

2 weeks ago

Macgyver111

https://www.reuters.com/business/energy/us-eia-lifts-oil-demand-forecast-says-prices-will-recover-above-80bbl-2024-09-10/

2 weeks ago

Macgyver111

I like this guy's opinion on crude oil forecast...

https://m.economictimes.com/markets/expert-view/why-are-crude-oil-prices-falling-despite-a-weakening-dollar-rakesh-arora-answers/articleshow/113256186.cms

2 weeks ago

bosskubakery

0.20....

2 weeks ago

kasinathan

Buy when people are fearful and sell when people are greedy.

2 weeks ago

kasinathan

30 cents is within the next quarter

2 weeks ago

Macgyver111

Ya maybe. That's why insiders buy. When Datuk Ling Kien is buying, that means for the short term. He might dispose at 0.30. Look at his past transactions. He does that frequently. Free lobster lah.

2 weeks ago

prudentinvestor

Almost all the IBs have buy calls on this counter with tps of above 30 sen a share but it just refuses to move up.

2 weeks ago

Salahuddin Ahmad

The game above 0.2 has just started, let's go

2 weeks ago

Macgyver111

Don't make conclusion quickly. Need to break 0.25 first otherwise it's purely drive by Brent.

2 weeks ago

Macgyver111

US Fed's 50-bp rate cut seen unleashing funds into Malaysian assets :: https://theedgemalaysia.com/node/727327

1 week ago

kasinathan

30 cents is coming

6 days ago

Macgyver111

Hopefully

5 days ago

diuleiloumei

Keep dreaming

4 days ago

SinGor

foreign buying, local quite----last round foreign selling, maybe different group started buying velesto again

4 days ago

SinGor

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Says-Phasing-Out-Oil-Is-Just-A-Fantasy.html
_______________________________________________
EU forcing others developing countries to go Green has suddenly losses All its teeth bcos BRICS suddenly
formed----BRICS are saying United Nations can kiss "my ass" on Climate policy. To pass ANY UN policy,
you need only EU and USA( total control ), now we have United BRICS council ( i coined this name ) controlling 59% of World trade

4 days ago

Rehan

Is Velesto paid in USD ? If so, won't its revenue get massively affected by RM appreciation ?

4 days ago

SinGor

Management didnT used Forex gain / loss in recognising Net profit so you see little impact ( QoQ. But higher ringgit will surely low profit ( a certain extend only ) bcos Contracts are in US$---However if ringgit trend is strong
management can always hedge against spare parts ( drill Bits, piping and even salary in Thailand & Vietnam )

3 days ago