VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.255

Today's Change

0.00 (0.00%)

Day's Change

0.255 - 0.265

Trading Volume

23,517,100


26 people like this.

23,059 comment(s). Last comment by bullrun168 1 day ago

Lewis Lee

1,480 posts

Posted by Lewis Lee > 1 week ago | Report Abuse

https://www.youtube.com/watch?v=JAb_PI9yjaA at "5:20"
technical analysis by a Chinese speaking youtuber ... if you understand chinese then watch it , if not ,
translation :-
basically he thinks "very-slow" has a great chance to PECUT liao !!!!

bullrun168

117 posts

Posted by bullrun168 > 1 week ago | Report Abuse

Oil price continue it’s bull run
Brent $94.43 +0.50 +0.53 %

Nickhii90

59 posts

Posted by Nickhii90 > 1 week ago | Report Abuse

finally big elephant is moving

Eric Lim

498 posts

Posted by Eric Lim > 1 week ago | Report Abuse

because i sold all, kns

SinGor

4,297 posts

Posted by SinGor > 1 week ago | Report Abuse

raising Tide Lift All Boats ( as they said ) Huge Elephant is just a Dot in open sea

bullrun168

117 posts

Posted by bullrun168 > 1 week ago | Report Abuse

Horrey, Super damn hot Velesto today ! 

Now Velesto already at
0.275 (+0.015) (+5.8 %)

Nickhii90

59 posts

Posted by Nickhii90 > 1 week ago | Report Abuse

o&g counters all back to lives..go go go..

Posted by specializedvenge > 1 week ago | Report Abuse

Sold 20% on hand justnow
Time to buy new bicycle.
Waiting to break 0.30😀

supersim

24 posts

Posted by supersim > 1 week ago | Report Abuse

christmas coming... i buy in at 0.10 waited 3 years for this moment

Posted by Macgyver111 > 1 week ago | Report Abuse

specializedvenge

Sold 20% on hand justnow
Time to buy new bicycle.
Waiting to break 0.30😀

I thought you going to buy Benz or BMW ...untung banyak mah...bicycle kah 😂

Posted by specializedvenge > 1 week ago | Report Abuse

Bro now bicycle cincai 10-20k 🤣

steadily growing up price...worth holding to see how far it goes

EAGLE

348 posts

Posted by EAGLE > 1 week ago | Report Abuse

walao moving steady. Short term players come on buy buy buy before too late

Posted by midswing > 1 week ago | Report Abuse

285 break 300 coming. steady velesto.. been weeks not coming to this chat. off chart for weeks and comeback with flying candle..

Posted by Macgyver111 > 1 week ago | Report Abuse

Don't worry bro..sap sap TP 38c to 40c. Just keep monitor brent price enough ready.

Posted by Macgyver111 > 1 week ago | Report Abuse

Malaysia Tapis crude oil already hit usd 100/barrels. Expected DCR increase also.

Lewis Lee

1,480 posts

Posted by Lewis Lee > 1 week ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1204305

TA up TP to 0.33 !!
Huat liao lah !!!

serpent100

200 posts

Posted by serpent100 > 1 week ago | Report Abuse

Haizz…0.265 only

Posted by specializedvenge > 1 week ago | Report Abuse

Later ada Bankers come out saying : due to increase of operation cost, we maintain tp of 0.19 😁

Lewis Lee

1,480 posts

Posted by Lewis Lee > 1 week ago | Report Abuse

If price touch 0.30 , most Fatt king stool pick analysts will raise up TP to 40cts

Posted by royalinvestor > 1 week ago | Report Abuse

😊😉

Posted by Vincent8864 > 1 week ago | Report Abuse

Could break 0.30? Oil and Gas theme is confirmed. Very soon everyone talk about Oil and Gas counters, the price will be skyrocketed!

Posted by royalinvestor > 1 week ago | Report Abuse

Road to 30cts++
"" SIMPLY WALL.st Analysis ""
- Current position VELE far below Fair Value about 43%++
- Earning and forecast to grow 36%++
- Became profitable this year
- No risks detected
"" TA SECURITIES "
- Upgrade the Target price for VELE to 33cts

SinGor

4,297 posts

Posted by SinGor > 1 week ago | Report Abuse

aiyaa, people GOT share always hope next upgrade.....30---40---70sens....70sens is major upside for RM1.00
Same like TopGlove, At RM4.00 Bankers Up-Grade to RM130.00----you Blow meh

rizal2020

42 posts

Posted by rizal2020 > 1 week ago | Report Abuse

Say good became good lorr ...
Somemore Vele show positif trend and having bilion of book order till 2025 mehh

aireez

386 posts

Posted by aireez > 1 week ago | Report Abuse

lai lai ... coming down mood coming
q to collect weii
heheheheeeeee

sheep

3,815 posts

Posted by sheep > 1 week ago | Report Abuse

you buy you die...tp 0.19 only wakaka

matg

991 posts

Posted by matg > 1 week ago | Report Abuse

shd sell yesterday at 27 and buy again on next support

aireez

386 posts

Posted by aireez > 1 week ago | Report Abuse

sheep
you buy you die...tp 0.19 only wakaka

Those sell going to die hard lorrr
later bounce back more higher 275 ~ 280
hahahahahahahaaa 😂🤣😂

aireez

386 posts

Posted by aireez > 1 week ago | Report Abuse

Minor correction to get lower average lorrr ....

aireez

386 posts

Posted by aireez > 1 week ago | Report Abuse

Excelent QR less than 10 days aways ... everyone willing to be in VELE boat lorrr

Posted by Macgyver111 > 1 week ago | Report Abuse

Oil bounced back. All the way to usd 100. Very good for DCR.

Posted by Macgyver111 > 1 week ago | Report Abuse

I don't see any reason vele drop back to 0.19c unless crude oil crash below usd 50/barrel like before during covid. Nov another good profitable qtr coming. Just my 2c.

Posted by Macgyver111 > 1 week ago | Report Abuse

Epf, Amanah/pnb gang board in after vele break 0.30 in 2019...history could repeat again, my strong guess. Once this guys join in price easily can blow to 0.40c. Let see still too earlier.

Posted by Macgyver111 > 1 week ago | Report Abuse

Standard Chartered estimates that global oil markets are facing a 3 million barrels per day deficit.

Lewis Lee

1,480 posts

Posted by Lewis Lee > 1 week ago | Report Abuse

very slow again.... haiz 😴

Epseps

66 posts

Posted by Epseps > 1 week ago | Report Abuse

Yes. Very slooooow intead. Shouted for rm .30 for almost a year good QR n Good book order yet didn't move much. Really testing our patient.

serpent100

200 posts

Posted by serpent100 > 1 week ago | Report Abuse

Actually wat happen for this stock…very disappointed

Posted by Macgyver111 > 5 days ago | Report Abuse

I know you guy's frustration. I feel the same way but what to do, stock market doesn't
react to our feelings. Just hold for few more months till 3rd qtr or until end of the year. I strongly believed we will reap the benefit...sabar.

Posted by Macgyver111 > 5 days ago | Report Abuse

Goldman Sachs raised crude oil price usd100 barrel end of the year. The interesting part is JP Morgan give target usd 150 in year 2026. It simply mean that oil price will gradually go up 2024,2025 and 2026...and also mean that oil price will stay elevated above 100usd for 3 consecutive years. Higher DCR rate for 3 years, maybe above usd100...great news. They might change their opinions but as for now this what their statement.

SinGor

4,297 posts

Posted by SinGor > 5 days ago | Report Abuse

Transition period is always very Chaotic bet. Oil and Green Tech......That is reason nobody wants commission
NEW Rigs

bullrun168

117 posts

Posted by bullrun168 > 4 days ago | Report Abuse

JPMorgan Analyst Sees Energy Supercycle With Oil As High As $150
By Julianne Geiger - Sep 22, 2023, 4:30 PM CDT
https://oilprice.com/Latest-Energy-News/World-News/JPMorgan-Analyst-Sees-Energy-Supercycle-With-Oil-As-High-As-150.html

JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets on Friday that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new research report.
Several catalysts went into the $150 price warning, including capacity shocks, an energy supercycle—and of course, efforts to push the world further away from fossil fuels.
Most recently, crude oil prices have surged on the back of OPEC+ production cuts, mostly led by Saudi Arabia who almost singlehanded took 1 million bpd out of the market, followed by a fuel export ban from Russia. Increased crude demand paired up with the supply restrictions, boosting crude oil prices and contributing to rising consumer prices.

Brent prices were trading around $93.55 on Friday afternoon, but Malek expects Brent prices between $90 and $110 next year, and even higher in 2025.
“Put your seatbelts on. It’s going to be a very volatile supercycle,” Malek told Bloomberg on Friday, as the analyst warned about OPEC’s production cuts and a lack of investment in new oil production.
JPMorgan said in February this year that Oil prices were unlikely to reach $100 per barrel this year unless there was some major geopolitical event that rattled markets, warning that OPEC+ could add in as much as 400,000 bpd to global supplies, with Russia’s oil exports potentially recovering by the middle of this year. At the time, JPMorgan was estimating 770,000 bpd in demand growth from China—less than what the IEA and OPEC were estimating.
JPMorgan now sees the global supply and demand imbalance at 1.1 million bpd in 2025, but growing to a 7.1 million bpd deficit in 2030 as robust demand continues to butt up against limited supply.
By Julianne Geiger for Oilprice.com

Posted by faizalanuar > 3 days ago | Report Abuse

really shud have sell at .27 it gonna test .24 again...haiiizzzzz

Lewis Lee

1,480 posts

Posted by Lewis Lee > 3 days ago | Report Abuse

Got stuck with this "Very Slow" for ages & now want to cry also no tears !!! 😭😭

Posted by specializedvenge > 3 days ago | Report Abuse

Wtf again.
Buy or sell at 0.25 both like no point.

Posted by Macgyver111 > 2 days ago | Report Abuse

Haizzz! I thought going to test 0.23c, tak jadi ke? Test 0.26 pulakk rugi jual..😆

Posted by specializedvenge > 2 days ago | Report Abuse

Usd / myr new high. Maybe Thats good news for veleslow.
But definitely not good for malaysian.

bullrun168

117 posts

Posted by bullrun168 > 2 days ago | Report Abuse

Oil price spike up Like mad…
Brent $96.55 +2.59 +2.76 %

bullrun168

117 posts

Posted by bullrun168 > 2 days ago | Report Abuse

Oil climbs 3% as steep US crude stocks draw adds to supply concerns
By Arathy Somasekhar
September 28, 2023 3:06 AM

https://www.reuters.com/markets/commodities/oil-prices-edge-higher-markets-focus-supply-tightness-2023-09-27/

HOUSTON, Sept 27 (Reuters) - Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight global supplies.
Brent crude futures closed up $2.59, or 2.8%, at $96.55. It breached $97 a barrel during the session.
U.S. West Texas Intermediate crude futures (WTI) climbed $3.29, or 3.6%, to $93.68. The session high was over $94.
U.S. crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll.

Crude stocks at the Cushing, Oklahoma, storage hub, delivery point for U.S. crude futures, fell by 943,000 barrels in the week to just under 22 million barrels, the lowest since July 2022, data showed.
"The market is being led up by storage numbers as we are getting to the minimum operational inventories at Cushing," said Andrew Lipow, president of Lipow Oil Associates.
Stockpiles at Cushing have been falling closer to historic low levels due to strong refining and export demand, prompting concerns about quality of the remaining oil at the hub and whether it will fall below minimum operating levels.

Prices fell last week but were rallying again as markets worried about tight supplies heading into winter, following production cuts of 1.3 million barrels a day to the end of the year by Saudi Arabia and Russia of the Organization of the Petroleum Exporting Countries and allies known as OPEC+.
"Until a decision to raise production is made, the global energy market will remain tight," Ole Hansen, Head of Commodity Strategy at Saxo Bank, said.

bullrun168

117 posts

Posted by bullrun168 > 1 day ago | Report Abuse

Oil Prices ‘Melt Up’ in a March Toward $100 a Barrel
By Stanley Reed Sept. 27, 2023, 12:50 p.m. ET

https://www.nytimes.com/2023/09/27/business/oil-price-100-barrel.html

Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.

Many energy analysts think that oil prices will soon rise above $100 a barrel for the first time in more than a year, since the turmoil that followed Russia’s invasion of Ukraine. The price of Brent crude, the international benchmark, has gained about 30 percent since the start of July, trading at about $96.50 a barrel on Wednesday.
“I think prices are starting to melt up,” said Robert McNally, president of Rapidan Energy Group, a research firm.

Driving the rise, analysts say, is the deep reduction in oil output orchestrated by Saudi Arabia over the last year. The kingdom’s ability and willingness to add and subtract supplies gives it substantial sway over the market for this crucial commodity.
Climbing oil prices increase energy costs for consumers and businesses, weighing on the global economy. In the United States, the price of crude oil accounts for about half the price of gasoline. Rising pump prices are squeezing motorists, complicating the Federal Reserve’s fight against inflation and stoking concerns over the Biden administration’s economic stewardship…..

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