Highlights
KLSE: VELESTO (5243)       VELESTO ENERGY BERHAD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.11   0.00 (0.00%)  0.11 - 0.12  59,439,200
Trade this stock with T+7 trading account. Find out more.

Overview

Market Cap: 904 Million
NOSH: 8,216 Million
Avg Volume (4 weeks):106,468,100
4 Weeks Range:0.09 - 0.31
4 Weeks Price Volatility (%):
9.09%
52 Weeks Range:0.09 - 0.41
52 Weeks Price Volatility (%):
6.25%
Average Price Target: 0.43
Price Target Upside/Downside: +0.32

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2019 [#4]  |  25-Feb-2020
Next QR | Est. Ann. Date: 31-Mar-2020  |  21-May-2020
T4Q P/E | EY: 27.21  |  3.68%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3411  |  0.32
T4Q NP Margin | ROE: 4.93%  |  1.19%

Headlines

Date Subject
19-Mar-2020 Evening Market Summary - 19 Mar 2020
17-Mar-2020 Two chairmen of locally listed companies tested positive for Covid-19
17-Mar-2020 Oil & Gas - Pengerang fire amid movement control order
16-Mar-2020 Evening Market Summary - 16 Mar 2020
11-Mar-2020 [转贴] [Facebook live video:浅谈Velesto Energy berhad (Velesto)] - James的股票投资James Share Investing
11-Mar-2020 Evening Market Summary - 11 Mar 2020
10-Mar-2020 Oil & Gas - Waging a War
10-Mar-2020 Oil & Gas - All-out Price Wars; Sector-wide De-rating
09-Mar-2020 Evening Market Summary - 9 Mar 2020
09-Mar-2020 Oil & Gas Sector - Oil Price War Reignited
08-Mar-2020 [转贴] [VELESTO ENERGY BERHAD:该集团的所有7台自升式钻机都已签约;凭借其目前的20亿令吉订单(包括期权),其钻机利用率预计将在2020年保持下去] - James的股票投资James Share Investing
04-Mar-2020 Oil & Gas - Volatile 4Q performance amid oil price drop
27-Feb-2020 Oil & Gas-Sector - Petronas’ lower dividends belie rising capex cycle
27-Feb-2020 Velesto Energy - Still on Point for FY20
27-Feb-2020 Oil & Gas - Petronas FY19 Results
26-Feb-2020 Velesto Energy - Turning to black
26-Feb-2020 Velesto Energy - Dented by Extended SPS and Zero-rated Charter
26-Feb-2020 Velesto Energy - Positive on 2020 Outlook Despite 4Q19 Miss
26-Feb-2020 Velesto Energy Berhad - FY19 Stages Turnaround to Profit
26-Feb-2020 Velesto Energy - Nagas Back to Black

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.
Analyze this stock with MQ Trader system

  23 people like this.
 
JoshuaMS7 Later someone should throw another big volumes at last trade!!
26/03/2020 4:03 PM
SmartTrader82 Velesto will be pushing to .135 tomorrow.

All of their rig are fully occupied despite low oil price. they are making $$.
26/03/2020 8:48 PM
Will76 Breaking News from CNBC

Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.

West Texas Intermediate (WTI) crude futures slipped $1.04, or 4.25%, to trade at $23.45 per barrel, while Brent crude futures fell 44 cents, or 1.6%, to trade at $26.97 per barrel.
26/03/2020 11:39 PM
rizal_de sharp decline tomorrow..so sad
26/03/2020 11:53 PM
SmartTrader82 I dont know where @will76 got the news but BRENT is still 29.24 at 12:50 am.

NOT 26.97!

Dont give a wrong news to create market speculation.
I dont mind giving speculation, opinion. But not using FAKE news /info.
27/03/2020 12:51 AM
RedEagle Pensioner fund gone here
27/03/2020 12:54 AM
lancefire US stock market rallies for the third consecutive day. Interesting!

https://www.fxempire.com/forecasts/article/us-stock-market-overview-us-stocks-surge-drive-by-financials-and-utiliites-641072
27/03/2020 5:21 AM
rizal_de https://www.wsj.com/amp/articles/global-stock-markets-dow-update-3-26-2020-11585196225
27/03/2020 5:43 AM
JoshuaMS7 Anyone knows what is the cost for shale produce a barrel oil (the lowest producer price)? 30 usd or 25 usd? Why they keep produce oil if no earning??
27/03/2020 6:36 AM
RedEagle 0.09?
27/03/2020 6:38 AM
JoshuaMS7 up up up today without blocker since dji up for 3 days continuously and stand above uptrend mode again !!
27/03/2020 7:28 AM
Mabel Wah.....

Dow Jones is up...

Market will be meowing today...

Meow..
27/03/2020 7:34 AM
Palmgirl Today must buy a lot !! Up again !!
27/03/2020 7:46 AM
Lucky88 buy..buy..buy..
27/03/2020 9:03 AM
Lucky88 Huat..Huat..Huat..
27/03/2020 9:04 AM
Lucky88 Sure UP today.....UP..UP..UP..
27/03/2020 9:04 AM
Lucky88 Buy at LOW and sell at TOP......Buy..Buy..Buy.. Huat ah..Huat ah..Huat ah..
27/03/2020 9:06 AM
Lucky88 Today will be another LUCKY day......Huat ah.....
27/03/2020 9:08 AM
JJchan Since all Velesto Rigs are in place / working.....CoronaVirus down time is Not issue for Velesto.
Worst case scenario revenue is 200mil ( same as 3Q2019 ) However Profit is jack-up by 10million
( 40million ) due to Forex Gain. Velesto Contracts are all in $US. At the time where all the contracts
are announced Ringgit is around 4.1-------Today 4.3 ( yesterday 4.4 ) Forex gain is around 10-----
----18mils depending how weak ringgit is taken at 1Q20
27/03/2020 9:43 AM
vllyk I bought into Velesto as well but really.. can we share better constructive comments and fundamentals to explain Velesto's position instead of up up up, huat huat huat.. lucky day, etc. =S

Most are concerned how the Oil price will affect all the O&G Counters. Look at the what happened in the last 2 year and it took 2 years to bring some confidence back before COVID 19 and Oil Price War hit us again.
27/03/2020 9:44 AM
Lucky88 Look at US Dow Jones Index ,you can not follow actual fundamentals to explain. The only way what you can do is follow the games. If you do not know how to play, then you better stop right now.
27/03/2020 10:01 AM
Yeo Michael Velesto share can buy some to keep. Buy 1,000 lots and you will be millionair if the price go up RM1.00. He... He... He...
27/03/2020 10:05 AM
flyover2 I wonder why PNB isn't accumulating/buying, when EPF and ASB is buying tons of it?
27/03/2020 10:13 AM
flyover2 or is PNB holding is thru ASB....
27/03/2020 10:17 AM
Mabel PNB and ASB same umbrella lah...
27/03/2020 10:20 AM
Yeo Michael Arab and Russian will not oil war for long, their economy going down and how long they can stand. They will come to negotiate and reduce the oil output
27/03/2020 10:20 AM
Lucky88 Buy at LOW and sell at TOP......
27/03/2020 10:23 AM
Yeo Michael Pnb and epf buying westports share a lot and not interested to buy small share like velesto now
27/03/2020 10:27 AM
Yeo Michael Even cannot become a millionair buying velesto share. If the share go up 3 cents you still thoudandair
27/03/2020 10:30 AM
GoodTrade Global Covid-19 crisis deteriorates especially America n Europe ... OPEC+ planning to increase oil productions starting in April2020 ... The next 2 months could be quite volatile for equities n oil prices ...
27/03/2020 11:12 AM
Palmgirl Good news !! Oil price up again.

https://www.theedgemarkets.com/article/oil-rises-broader-markets-gain-hopes-more-stimulus
27/03/2020 11:58 AM
JJchan Big boys put up large block at 0.120 (pretend as sellers) But Buying is 2X selling at 0.115.....massive collecting
27/03/2020 12:49 PM
Baby Shark Aiya.. so cheap, buy saja
27/03/2020 6:58 PM
JoshuaMS7 now i know why this few days so huge volumes selling, dji future started crashing -700 pts and oil price going bk 25 usd!!
27/03/2020 8:09 PM
GoodTrade Brent below $20 ? Velesto below 0.05 ? ...
27/03/2020 10:47 PM
enigmatic ¯\_(ツ)_/¯ ouch

https://www.theedgemarkets.com/article/top-10-stocks-1h20
27/03/2020 11:00 PM
Mabel @JJchan Big boys put up large block at 0.120 (pretend as sellers) But Buying is 2X selling at 0.115.....massive collecting
27/03/2020 12:49 PM

Once the collection is done, they will push up...

Meow..
27/03/2020 11:34 PM
tkl88 As at 1.41am,
Dow Jones at=> 21,908.20 (-643.97) (-2.86%)
28/03/2020 1:45 AM
tkl88 As at 1.43am,
Crude oil price,
Nymex => $21.27 (-1.33) (-6.64%)
Brent => $24.58 (-1.76) (-6.68%)
28/03/2020 1:47 AM
Mabel How long will this pandemic last?

In China, the first cases were reported in December. It’s now half March, and Wuhan, where it hit hardest, had only 1 new case today.

If we add another month for sick people (of which there are still plenty) to get better, and to make sure no more cases appear, that makes it…Hence we are talking about FOUR MONTHS.

Tough Times Never Last but Tough People do..

Meow..
28/03/2020 8:35 AM
Jeffreyteck TP 0.06 as fundamentals all in red just like sapu energy. Unless bet on oil price up.
28/03/2020 10:31 AM
sonata18 This co. has the greatest potential for sharp recovery. The share already oversold now. That's why so many people are still accumulating.
28/03/2020 11:43 AM
JJchan https://oilprice.com/Energy/Energy-General/The-Cheapest-Way-For-Trump-To-Save-US-Oil.html

I am very confident, Trump will initiate a Oil Tariff like above.( He did Hit China will Tariff and refused to remove the tariff even in this hard time bcos He just think about Re-election agenda weapons and really don't care about american sufferings.

Oil below $20 will put 250,000 oil related Jobs in Texas out of Biz. Americans
knew it is within the President power to save these Oil Jobs. (The time frame is November, 2020---president election )
There is No way China Oil consumption will raise enough to push up Oil price bcos the Whole world is in locked down (even India)""""Where to get Export Orders"""""
My China factory are working on Back Orders (not new Order bcos there is None )
28/03/2020 11:45 AM
Mabel Actually Two things will happen.

Either we will move onto a post-apocalyptic society or the stocks will make a comeback like every other crisis before this.

If the first one was to happen, there is not much difference between wasting your money on stocks compared to anything else. Even stocking on supplies will not help you on the long run.

However, if the markets recover, like they do all the time, then you would be buying the stocks when they cheap, making you a hefty profit. But this might require a long patience, and unfortunately not many people have that.

Think about it...

Meow..
28/03/2020 8:02 PM
Daily8 Brent oil have another unfortunate fall again yesterday. This fall wiped out the 3 days gain in the market.

Brent oil need to find a base price as the bottom doesn't seem to have found bottom.

I believed many stucked around 38 c abv.
28/03/2020 9:17 PM
GoodTrade Now everyone is talking about world in surplus of 20 mil barrels of crude oil per day, demand is 20% less than supply ... be cautious ...
28/03/2020 11:47 PM
GoodTrade I would not be surprised if Brent oil price go below $20 in short period of time ...
29/03/2020 12:00 AM
JJchan From what i gather from my Singapore Diesel agent, Shale Co. in USA is asking members to
prepare Info. on their production cost. Thru. their Oil Association. they are going to Hit Saudi +
Russian with Anti-Dumping Law if Saudi really Ramp-up production on April and Dump Oil to USA-------Really don't care what Trump will Do ( who has vested interest in every thing)....How can Saudi
win this Court case when Saudi openly declared what they intend to Do....
29/03/2020 2:10 PM
JJchan If Russian and Saudi Cannot Sell Oil into USA, How can they Kill All Shale Co.?? Once CoronaVirus is blown-over Oil consumption in USA will Rise again ( 3---6 months )
29/03/2020 2:22 PM
JJchan We should look at Solid Data i.e. Wuhan Lock-down Period----60Days. The screaming now-aday
is mostly on Dead-Rate but according to statistic, Covid-19 just kills 18--20% more people on a
normal Flu-season (in USA)----The major difference is the Speed of infection ( just overwhelmed ICU units )
29/03/2020 2:31 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program
 
 

484  338  445  743 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.0750.00 
 AIRASIA 0.75+0.02 
 LAMBO 0.010.00 
 EKOVEST 0.38+0.01 
 HIBISCS 0.325-0.01 
 HSI-C9J 0.205+0.015 
 ARMADA 0.1350.00 
 SANICHI 0.045+0.005 
 VELESTO 0.110.00 
 JAKS 0.73+0.01 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program

TOP ARTICLES

1. This stock will do VERY well in the near term as the best is yet to come! Trend Trading 2030
2. Corona Virus to End May 29th; Economy slowdown to End Nov 2021, Says Indian Boy Who Correctly Predicted It's Start, 8 Months Ago Good Articles to Share
3. MYEG - UPGRADED TO OUTPERFORM BY CREDIT SUISSE (27 MARCH 2020) 东方不败
4. Genting Bhd - It’s Really Cheap; BUY Kenanga Research & Investment
5. Why WHO chooses Malaysia to run trials on new drug to fight Covid-19? Koon Yew Yin Koon Yew Yin's Blog
6. Genting Malaysia - Place Your Bet When Banker Gets Hit Kenanga Research & Investment
7. 【百股經#29】股市大跌!你不能錯過的10支好公司 - 百股經 Good Articles to Share
8. 几乎一面倒唱衰股市的巨大声浪中,反抗直觉,想战胜人性,逆市操作,实实是一件不好受的苦差。 ABMB 银行为例,有很多股价已跌至十多年来最低,回顾1998,2009年谷底后猛回弹。
Partners & Brokers