VELESTO ENERGY BERHAD
KLSE (MYR): VELESTO (5243)
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Last Price
0.18
Today's Change
0.00 (0.00%)
Day's Change
0.175 - 0.185
Trading Volume
7,583,200
Overview
Market Cap
1,479 Million
NOSH
8,220 Million
Avg Volume (4 weeks)
14,869,870
4 Weeks Range
0.175 - 0.195
4 Weeks Price Volatility (%)
25.00%
52 Weeks Range
0.13 - 0.28
52 Weeks Price Volatility (%)
33.33%
Previous Close
0.18
Open
0.175
Bid
0.18 x 5,524,500
Ask
0.185 x 15,060,100
Day's Range
0.175 - 0.185
Trading Volume
7,583,200
Financial Highlight
Latest Quarter | Ann. Date
31-Mar-2025 [#1] | 27-May-2025
Next QR | Est. Ann. Date
30-Jun-2025 | 29-Aug-2025
T4Q P/E | EY
6.93 | 14.43%
T4Q DY | Payout %
6.94% | 48.18%
T4Q NAPS | P/NAPS
0.32 | 0.56
T4Q NP Margin | ROE
17.13% | 8.12%
Market Buzz
2025-07-02
2025-07-02
2025-07-02
2025-07-02
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
30 people like this. Showing 50 of 24,565 comments
Trump is a Biz man and USA export more oil than Saudi---if no tankers dare to enter strait of homuz, saudi Oil
is cut off leaving America as next alternative---So War in middle-east is good for America
3 weeks ago
US must export all thier shale oil before the world changed to renewable energy.
Trump trying hard to push the oil price above USD 80. A breakeven point fot US shale oil.
2 weeks ago
Brent oil USD 77.71. USD 80 Brent oil coming soon!
0.2x Velesto coming very very soon!!!
2 weeks ago
Told Auntie Huang Bok kai I locked profit for 20% holding in Velesto at 0.195.
Still got 80% holding let it roll!!! Let it roll!!!
2 weeks ago
I am an engineering student and looking into investing in Velesto, and through this forum I see so many interesting facts and drama. My personal favourite talker is LimPek and VincentHumKa, I totally love these duo, keep up the good work man
2 weeks ago
US shale oil breakeven price around USD 62 per barrel. Saudi was trying to push the oil price down below USD 50 to kill US shale oil companies.
Now Trump managed to push it up above USD 70 by triggered war against Iran via US agent Israel in middle east.
2 weeks ago
Oil -6% after Iran did their joke response
Its gonna be a massacre for oil stocks tomorrow
Hope am wrong though
2 weeks ago
Casualties
WTI crude oil futures tumbled 7.2% to settle at $68.50 per barrel on Monday, after Iran’s missile strike on a US airbase in Qatar resulted in no reported casualties, easing fears of an immediate escalation in Middle East tensions. The attack, launched in retaliation for US strikes on Iran’s nuclear facilities, was intercepted by Qatari defenses, prompting a sharp retreat from $74.30—the highest level since January.
2 weeks ago
Since Iran told the United States that their organisation operating inside the United States would attack them internally, I was concerned that a tragedy similar to that of September 11, 2001, would occur again. I hope not...
2 weeks ago
Oil starts to fall again bcos Donald says there is a Deal. But i think something is missing, Iran has removed
all high level uranium to another place. ( shown on satellite photo, 30-trucks were Qing at centrifugal site
before US bomb hit. And there is No radiation leaks, speak Volume.....
2 weeks ago
With Velesto not reacting dramatically to the massive drop in oil prices
I assume this is a signal for continuing its bullish trend in the coming days
I think we can see 2x cents next week
1 week ago
KUALA LUMPUR: Velesto Energy Bhd (VEB) has been awarded a drilling contract by PTTEP HK Offshore Ltd and PTTEP Sarawak Oil Ltd, collectively referred to as PTTEP, for its 2025-2026 drilling campaign in Malaysia.
The contract value is estimated to be in the region of US$40 million (US$1=RM4.19), it said in a filing with Bursa Malaysia today.
Under the contract, Velesto would assign NAGA 5, one of its premium jack-up rigs, to drill a firm 15 wells with operations scheduled to commence in June 2025.
The contract was awarded to Velesto Drilling Sdn Bhd (VED), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn Bhd (VMV), which in turn is a wholly-owned subsidiary of VEB.
6 days ago
tlas0103
Hey guy
Is Naga 5 alrdy secured the contract with PTTEP？
☝Answer for your question..
6 days ago
One month ago LimPek predicted PTTEP award new drilling contract to Velesto's Naga 5!
Jit Pai Ho Seh liao!!! Velesto going to break 0.20!!! Double digits PE not a dream at all!!!!
Posted by LimPek1510 > 1 month ago | Report Abuse
Naga 5 could get a new contract from PTTEP offshore Sarawak. Khabar angin....
6 days ago
Hohoho 1 month ago LimPek dream about this contract and today it becomes a reality!!!! 😁😁😁
VELESTO wins $170 million drilling contract
Nanyang Tue, Jul 01, 2025 06:27pm - 1 hour
(KUALA LUMPUR, Jan 1) Velesto Energy (VELESTO, 5243, Main Board Energy) has secured an oil rig leasing contract worth approximately US$40 million (RM168.5 million) from PTTEP through its subsidiary.
VELESTO wins $170 million drilling contract
According to the statement, Velesto Energy will deploy its NAGA 5 platform to drill 15 oil wells for its customers, with work expected to start in June this year. The scope of services for the relevant contract also covers eight selective oil wells.
Velesto Energy president Megat Zalman Abdul Rahim said in a statement that he was grateful for PTTEP's continued trust in the company and that the company would continue to focus on providing safe, reliable and robust services.
6 days ago
Velesto proven herself able to get contract in Malaysia water and overseas water!
Now is time to revaluate Velesto's valuation.
Naga 5 new contract from PTTEP is the game changer!!
6 days ago
Dairy charter Rate @ USD105-110k according to Maybank IB report. Same as Vietnam contract awarded recently.
If PTTEP execute the optional contract extension clause, Velesto will record 100% utilization rate in year 2026.
6 days ago
Last time dropped to 0.15 because Naga 5 contract was terminated earlier than schedule. Now Naga 5 won a beautiful contract and it is located offshore Sarawak. This new contract also showing a very good sign the conflict between PETRONAS and PETROS already resolved.
5 days ago
Operator still playing left hand and right hand game. Left hand 18 million lots @ 0.18 and right hand 19 million lots @ 0.185. Sien!
5 days ago
Syndicate here to make money also. Sooner or later, they will push and bilis will start jumping in.
3 days ago
Just a quick recap:
1.All Velesto rigs are tendered except for Naga 3. Expected another contract announcement for Naga 3 soon.
2.Expected DCR is between USD 105,000 and 110,000 per day. That's pretty much good, and excellent earnings are visible for the upcoming quarter.
3. An anticipated of dividend yield exceed 7% in next 3 years is possible, according to Maybank.
4. I guess the war in the Middle East and Russia-Ukraine will not be resolved as quickly as we thought. This gives an advantage to the crude oil.
5. IB reported that all rigs will be in full swing (100% utilised) in year 2026. Assuming PTTEP chooses to exercise its option for an additional nine months, the rig’s utilisation rate would reach 100% by fiscal year 2026.
6. VELESTO Energy’s bid book is worth RM2.8 billion as of April 2025, of which 21% or about RM588 million are non-drilling related
7. It is noteworthy that VELESTO Energy’s net cash rose 60% quarter-on-quarter to RM104.7 million as of end-March this year from RM65.4 million at the end of last year.
3 days ago
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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....
SinGor
I think USA is getting into Israel / Iran WAR---Oil spike again. Trump rushing back from G7 meeting. Massive
air movement from USA to Mid-East ( trouble begins )
3 weeks ago