Highlights
KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.175   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 1,438 Million
NOSH: 8,216 Million
Avg Volume (4 weeks):36,913,740
4 Weeks Range:0.165 - 0.185
4 Weeks Price Volatility (%):
94.59%
52 Weeks Range:0.105 - 0.195
52 Weeks Price Volatility (%):
89.74%
Average Price Target: 0.16
Price Target Upside/Downside: -0.015

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2020 [#4]  |  24-Mar-2021
Next QR | Est. Ann. Date: 31-Mar-2021  |  20-May-2021
T4Q P/E | EY: -2.92  |  -34.20%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.2763  |  0.63
T4Q NP Margin | ROE: -89.91%  |  -21.66%

Headlines

Date Subject
08-Apr-2021 Velesto Energy - Replenish orderbook for NAGA 4
08-Apr-2021 Velesto Energy - Fourth Contract Win in Less Than 1 Month
08-Apr-2021 Mplus Market Pulse - 8 Apr 2021
08-Apr-2021 PublicInvest Research Headlines - 8 Apr 2021
05-Apr-2021 【行家论股/视频】Velesto能源 合约流入评级上调
05-Apr-2021 VELESTO ENERGY - Another Contract in the Bag
29-Mar-2021 Velesto Energy - ConocoPhillips hires NAGA 7
29-Mar-2021 Velesto Energy - Another Contract in the Bag
29-Mar-2021 PublicInvest Research Headlines - 29 Mar 2021
29-Mar-2021 Velesto Energy - Short-term Contracts Secured
29-Mar-2021 Mplus Market Pulse - 29 Mar 2021
25-Mar-2021 【行家论股/视频】Velesto能源 债务降速快于预期
25-Mar-2021 Velesto Energy - Gradual recovery ahead
25-Mar-2021 PublicInvest Research Headlines - 25 Mar 2021
25-Mar-2021 Velesto Energy Berhad - FY20 Suffered Poor Rig Utilisation
25-Mar-2021 Velesto Energy - Better Prospects Ahead Despite Weak Results
25-Mar-2021 Velesto Energy - Impairment Surprise
24-Mar-2021 油气业虽现复苏 供应过剩隐忧未除
22-Mar-2021 【行家论股/视频】Velesto能源 短期合约陆续有来
22-Mar-2021 Velesto Energy - Secured jobs for NAGA 2 & 5

Business Background

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.
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  25 people like this.
 
JuliusCeasar Oil price spike again and moving north.... Hope touch USD 65 today....
12/04/2021 9:33 AM
Macgyver11 JJchan another 2 contract win will surely ends Velesto in Full Circle , back to 30cents
12/04/2021 8:42 AM

Yup exactly...still got one more indication to look for before the price hike up.

Institutional investors
12/04/2021 10:24 AM
bullmarket1628 Walaoeh, oil price continue to spike up like mad !‬
‪Brent now at $63.67 ‪ +0.72 +1.14%‬
12/04/2021 7:12 PM
Macgyver11 Sapura, knm and perdana sdh goyang hari ini...velesto still strong.
13/04/2021 5:26 PM
bullmarket1628 Walaoeh, oil price continue to spike up to sky high !
Brent now at $64.04 ‪+0.76 +1.20%‬

‪Huat ah, Heng ah, Ong ah !‬
13/04/2021 10:07 PM
limitupmeh last buy 0.180 big fund masuk
13/04/2021 11:28 PM
bullmarket1628 ‪Wow, oil price continue to rise !‬
Brent now at $64.12 ‪+0.45 +0.71%‬
14/04/2021 11:42 AM
bullmarket1628 Walaoeh, oil price continue it's bull run !
Brent now at $64.72 +$1.05 +1.65%

‪Huat ah, Heng ah, Ong ah !‬
14/04/2021 5:17 PM
Flybythenite Shell contracts Velesto rig for Malaysia campaign
Save to read list Published by Nicholas Woodroof, Deputy Editor
Oilfield Technology, Friday, 09 April 2021 15:00

Velesto Energy Berhad (VEB) has announced that Velesto Drilling Sdn Bhd (VED), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from Sarawak Shell Berhad/Sabah Shell Petroleum Co. Ltd. (SSB/SSPC) for a contract for the provision of jack-up drilling rig services.
The contract is for VEB’s jack-up rig NAGA 4 to drill seven firm wells, with an estimated contract value of US$17.68 million. The expected commencement date is between 15 August 2021 to 15 October 2021.

NAGA 4 is an independent-leg cantilever jack-up drilling rig that has a drilling depth capability of 30 000 ft and has a rated operating water depth of 400 ft.
14/04/2021 10:05 PM
Flybythenite Oil price climbing up now!
65.00 +1.33 +2.09%
14/04/2021 10:11 PM
Allantanks Brent 66.
14/04/2021 11:12 PM
bullmarket1628 Oh My goodness, oil price was super damn hot man !
Brent closed at $66.22 +‪ 2.55 +‬ 4.0%
‪Like that today all O&G counters including Velesto going to limit up already liao lah !‬

‪Huat ah, Heng ah, Ong ah !‬
15/04/2021 7:31 AM
Macgyver11 Wow! Brent now usd66+ guys...
15/04/2021 8:27 AM
Macgyver11 If like that one more contract coming soon..
15/04/2021 8:27 AM
JoshuaMS7 buy buy buy!!
15/04/2021 8:45 AM
SinGor for time being velesto is much better than Sap ( until Qr. results Out ) Testing 20sens soon
15/04/2021 8:49 AM
Jonathan Keung Last Qtr result was bad hopefully we can see it turn around this time
15/04/2021 8:54 AM
JuliusCeasar Brent oil hit again USD 66.... Stock price still not moving up......

Look like Maybe BRENT oil hit PRICE USD 70 would boast again the stock price......
15/04/2021 10:44 AM
JoshuaMS7 Yes. Should break 70 usd this few days! Yahoo!
15/04/2021 11:14 AM
Macgyver11 JuliusCeasar Brent oil hit again USD 66.... Stock price still not moving up......

Wait for big fund buyers to join in.. if brent can break us 70 and stabilise strong over there then it will give more confident to the institutional buyers (Epf, khazanah and so on). The scenario will be totally different after that..trust me. Patience
15/04/2021 4:53 PM
Macgyver11 Look back velesto record in 2019 once EPF and PNB start to acquired batch by batch....oh man! Its pushed the price drastically. It's full of excitement sailing with them.
15/04/2021 5:00 PM
JuliusCeasar Totally Agreed with you Macgyver11.
15/04/2021 5:14 PM
limitupmeh tomorrow oil rebound
15/04/2021 7:58 PM
bullmarket1628 ‪Wow, oil price continue to rise !‬
‪Brent closed at $66.84 +0.56 +0.84%‬

‪Huat ah, Heng ah, Ong ah !‬
16/04/2021 8:17 AM
Macgyver11 Wow! Guys brent now usd67+
16/04/2021 1:01 PM
Macgyver11 https://www.bharian.com.my/bisnes/pasaran/2021/04/807122/harga-minyak-mentah-di-paras-tertinggi-dalam-sebulan
16/04/2021 1:11 PM
bullmarket1628 Walaoeh, oil price continue to spike up like mad !‬
Brent now at $67.31 ‪+0.37 +0.55 percent !

‪Huat ah, Heng ah, Ong ah !‬
16/04/2021 1:54 PM
JoshuaMS7 Should be back to 0.165 before go forward! Cut loss first!!
16/04/2021 2:54 PM
JoshuaMS7 covid wave 4 is coming, ready to collect at low as possible again!!
16/04/2021 3:10 PM
Macgyver11 Why worried..we collect as below as 0.12c/0.13c..kikiki!
16/04/2021 5:21 PM
JJchan https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20210415.pdf

RSS boys have all disappeared. RSS boys are All Bankers themselves so when they give
good review (bimb lately) it is obvious RSS positions are Gone. ( IB are mostly crooks )
16/04/2021 6:38 PM
Macgyver11 https://www.astroawani.com/berita-malaysia/sempadan-negara-perlu-dibuka-segera-sop-ketat-bantu-pulih-sektor-pelancongan-293588
16/04/2021 9:21 PM
Macgyver11 World in the midst of planning, opening the border with the strict sop. That's good news so far..
16/04/2021 9:25 PM
Macgyver11 The biggest mistake that our govn do is to allowed pasar Ramadan open. Very hard to control human being especially in the crowded area....this will increase the c19 cases.
16/04/2021 10:11 PM
lancefire Next week sell on rally guys.
17/04/2021 3:12 AM
Plantermen The huge spike in New cases is a good reason for the PN government is not to reconvene Parliament sittings on 1st August
17/04/2021 9:04 AM
Expertise same tactic by PN gov,no parliament and elecetion until 20222
17/04/2021 10:12 AM
Flybythenite Herd immunity je... immune naturally like past past pandemics. Then OnG will skyrocket!
19/04/2021 10:10 AM
Flybythenite Just keep. Wait for next new contract! ;)
19/04/2021 10:12 AM
Mabel RSS already lose all their panties in Gloves last week..

Let's hope V will break 20 soon

Meow Meow Meow
19/04/2021 12:08 PM
bullmarket1628 ‪Wow, oil price continue to rise !‬
Brent now at $66.89 ‪+0.12 +0.18%‬
19/04/2021 4:08 PM
Jjkcl Fake buy queue appear and disappear often
19/04/2021 4:14 PM
Macgyver11 Let see which one break the 0.20 first...knm or velesto
19/04/2021 5:12 PM
Flybythenite Just now my neighbour told me he sold OnG becos yesterday read about EV! I asked ehhh, bila? Tomorrow ke? Next year, Next next year ke all cars and planes will be fuelled by electricity! And we all throw away all our old cars? Laugh die me!
19/04/2021 7:03 PM
Macgyver11 Hahaha imagine and see how plane going to run using electricity...lol.
19/04/2021 7:22 PM
Expertise EV only rich people can afford
19/04/2021 7:35 PM
Flybythenite Can la, if whole world can afford supercars like Owl, or BMW, Audi ....
https://www.caranddriver.com/news/g29994375/future-electric-cars-trucks/
Survey suggests only 10% EV in 5 years. Too optimistic also I think... cos there’s huge semiconductor shortage right now. Some car makers even tutup kedai cos shortage of parts. Foundries capacity ady fully booked for next couple of years.
19/04/2021 7:57 PM
bullmarket1628 Wow, Oil price was super bullish now !
Brent closed at $67.08 ‪+0.31 +0.5%‬

Huat ah, Heng ah, Ong ah !
20/04/2021 7:16 AM
obakh222 Today can go 0.21?
20/04/2021 7:43 AM
JuliusCeasar May be Need brent oil price hit again USD 70 and stable hover USD 70 and above.... Then stock price would go up again....
20/04/2021 8:29 AM


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