VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.185
Today's Change
0.00 (0.00%)
Day's Change
0.185 - 0.185
Trading Volume
382,700
Overview
Market Cap
1,520 Million
NOSH
8,216 Million
Avg Volume (4 weeks)
34,264,233
4 Weeks Range
0.155 - 0.205
4 Weeks Price Volatility (%)
60.00%
52 Weeks Range
0.145 - 0.315
52 Weeks Price Volatility (%)
23.53%
Previous Close
0.185
Open
0.185
Bid
0.185 x 7,835,600
Ask
0.19 x 2,585,200
Day's Range
0.185 - 0.185
Trading Volume
382,700
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2024 [#3] | 29-Nov-2024
Next QR | Est. Ann. Date
31-Dec-2024 | 27-Feb-2025
T4Q P/E | EY
6.93 | 14.42%
T4Q DY | Payout %
2.70% | 18.74%
T4Q NAPS | P/NAPS
0.28 | 0.66
T4Q NP Margin | ROE
15.19% | 9.49%
Market Buzz
News and Blogs
Related videos
Company Profile
Sector: ENERGY
Sector: ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Description:
Velesto Energy Berhad, previously known as UMW Oil & Gas Corp Bhd, is a multinational provider of drilling and oilfield services for the upstream sector of the oil and gas industry.
The company's line of products and services include drilling and workover services for exploration, development, and production of wells in Malaysia and southeast Asia through several offshore drilling rigs and hydraulic workover units.
Under the oilfield services segment, the company offers threading, inspection, and repair services for Oil Country Tubular Goods in various offshore markets.
Operating revenue is primarily derived from drilling services, which includes ownership and operation of several drilling rigs and hydraulic workover units, or HWUs. Rigs and HWUs are chartered through day-rate-based contracts.
Discussions
29 people like this. Showing 50 of 24,496 comments
This pressing down of share price to buy 1 million shares a day seems to continue forever and ever.....
1 month ago
Velesto deserved 0.30 and above. Many institutions sell ready. Need PNB or other big guys to step in.
1 month ago
Don't be greedy for few thousands, later you will lose double of it.
Velesto will ends up like Serbadk.
From 4.00 down to 0.15 (drop more than 1,000%), if the company don't have MAJOR crisis, it wouldn't drop more than 1,000%
1 month ago
They flushing out all the foreign investors before local institutions join in... I guess. Nothing wrong with the company. Don't compare Serba with Velesto. Serba is facing accounts fraud charges, and PNB is not an owner of Serba.
1 month ago
Company cash flow is healthy, and a favourable order book is in hand... How can it go bankrupt? Unless you have evidence to support your theory, I would like to hear that too.
1 month ago
I know you guys are frustrated, but just think practically: PNB, as a major owner or shareholder, do you think they want this company to go bankrupt? They will lose everything. If PNB really wants to exit, the only choice is either to hand over to a new owner like what they did to UMW Toyota (sell to Sime Darby) or they privatise it (like Bplant).
1 month ago
BOD just bought 1 million shares recently at 0.195. Insiders know better than us.
1 month ago
nampak sangat velesto syndicate operated. Holiday, only left retailer.
syndicate the one pressing the price down.
1 month ago
IB says very bright outlook for Oil and Gas
Translation => Velesto drop another 5 sen 🤣
1 month ago
IB just only sms me bright outlook for OnG seconds ago
So be very careful Velesto may drop again.....
1 month ago
Yeah everyone dont buy ya. Wait Balian de Ibelin buy at the price he wants first then only u can buy.
Sot sot one.
1 month ago
No worries. Baba Vanga predicted a rebound this time... all the way to 0.35 😅😄.
1 month ago
just curious if PNB really find someone to acquire their 54% shares，what will happen to velesto？
1 month ago
54% stake at current price is a steal for a counter that’s going to be net cash soon.
Considering there is actually a strong team of COO and CFO doing their job both operationally and financially.
Will be exciting Q3,25 onwards.
1 month ago
Macgyver111 what you really think? You think velesto can rebound to 0.30 or should i sell at 0.19 lol
3 weeks ago
Why bother asking?
those sold will say better run while u can…
Those just bought will say to the moon!
3 weeks ago
mavisdrac
Macgyver111 what you really think? You think velesto can rebound to 0.30 or should i sell at 0.19 lol
Haha! You asked a very sensitive question that no one dares to tell you exactly what is going to happen in the future 😂😀😃. Follow your own instinct; trade wisely.
3 weeks ago
Looks uptrend.
When Whales see people say uptrend, they will push down price by 5 sen.😁👍🤜
3 weeks ago
A look ahead to 2025 fossil fuel market price..
https://oilprice.com/Energy/Crude-Oil/A-look-Ahead-to-2025-in-Oil.html
3 weeks ago
Price depends on Naga’s Utilization.
If all naga’s contracted, earning potential 60-80M profit a quarter.
Now only 3 Nagas contracted, that’s why price tanked.
Tenderbook increased from 3B to 5B, so if COO is really good; then have chance to get all naga’s contracted.
0 Naga contracted, PN17. 3 Naga contracted, this price. If all 6 naga’s contracted, easily above 30sen.
All depends on Nagas getting job.
3 weeks ago
Donald Trump wants shale producers to activate their drilling work, but it seems not many shale producers are aligned with Trump's idea. They've been slashed badly previously during the Biden administration by so-called green policy. Now, they are not keen to come back and do the drilling job unless Trump can pursue them with some special privilege, or else "drill, baby, drill" is not going to work out.
3 weeks ago
KUALA LUMPUR (Jan 15): Sarawak Premier Tan Sri Abang Johari Openg has commended Prime Minister Datuk Seri Anwar Ibrahim’s recognition of Sarawak state-owned Petroleum Sarawak Bhd (Petros) as the state's gas aggregator.
The state government and Petros will work closely with the federal government and national oil company Petroliam Nasional Bhd (Petronas) “to ensure that Petros carries out its role as the sole gas aggregator without interruption to the supply of gas for consumers, including investors”, said Abang Johari in a statement on Wednesday.
The collaboration will drive Malaysia, and in particular Sarawak, into becoming “an energy hub”.
“This cooperation will also enhance Malaysia’s global competitiveness in attracting investments, technological research and new industries, particularly petrochemical derivatives, and thus be aligned towards the creation of high-paying jobs and the economic growth of the nation,” said Abang Johari, who is also known as Abang Jo.
A day earlier, Anwar was reported as saying that while Petros had been granted authority as Sarawak's gas aggregator, it would not interfere with Petronas' existing operations.
2 weeks ago
It’s just some small small indirect lies amongst other promises and ‘blackouts’...or hideouts?
2 weeks ago
Drilling projects coming soon....!!
https://www.reuters.com/business/energy/malaysia-pm-says-petronas-retains-national-role-after-sarawak-gas-deal-2025-01-15/
1 week ago
When Velesto was 0.155 one month ago, I was thinking PNB must be kidding, another round of no brainer bet.
1 week ago
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
THE INVESTMENT APPROACH OF CALVIN TAN
2
All Official Update
3
My Trading Adventure 2025
4
Bursa Stock Talk
5
My Trading Adventure 2025
6
My Trading Adventure 2025
7
Readers' Digest MY
Japan’s Telecommunication Boom: Innovation, Growth & the Future
8
Stock Market Enthusiast
Feng Shui Market Outlook for FBM KLCI in the Year of the Wood Snake (2025)
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Balian de Ibelin
Will be 15.5 sen for a long long time.
When Velesto profits increases, share price of Velesto decreases.😁
1 month ago