VELESTO ENERGY BERHAD

KLSE (MYR): VELESTO (5243)

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Last Price

0.26

Today's Change

-0.01 (3.70%)

Day's Change

0.255 - 0.27

Trading Volume

40,123,400

Overview

Market Cap

2,136 Million

NOSH

8,216 Million

Avg Volume (4 weeks)

38,891,390

4 Weeks Range

0.23 - 0.275

4 Weeks Price Volatility (%)

66.67%

52 Weeks Range

0.105 - 0.285

52 Weeks Price Volatility (%)

86.11%

Previous Close

0.26

Open

0.27

Bid

0.255 x 12,127,500

Ask

0.26 x 1,393,900

Day's Range

0.255 - 0.27

Trading Volume

40,123,400

Financial Highlight

Latest Quarter | Ann. Date

30-Jun-2023 [#2] | 29-Aug-2023

Next QR | Est. Ann. Date

30-Sep-2023 | 29-Nov-2023

T4Q P/E | EY

103.74 | 0.96%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.29 | 0.90

T4Q NP Margin | ROE

2.09% | 0.86%

Market Buzz
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
26 people like this. Showing 50 of 23,039 comments

Lewis Lee

Oil price Up Up UP ..... most oil & gas counter Up Up UP .....
BUT BUT BUT ...... "Very Slow" continue to SLEEP the Fatt out of it !!!! 😅😅

1 week ago

royalinvestor

everyone notice the potential of vele for years 2023 ... it will soar anytime from now ! since last week they are collecting 250 until now . once 255 resistance is break it will bounce to the new high peak ... they are waiting this moment since covid 19 effect them badly ! tt is my view point

1 week ago

SinGor

as i believe, Velesto will peak in Nov.....Not By local Funny Manager But Foreign Funds which will enter in Oct
and Exit December 2023 Or one year Later ( depends on BNM and US Rate )

1 week ago

SinGor

As usual when Foreign Fund enters, Local Funny Manager will sing "Rasa Sayang, Hei Rasa Sayang DonT move
so fast

1 week ago

Mudassar4766

View today's live Inter Bank rates, Open Market rates and International forex market rates online: http://www.forextrading.pk/

1 week ago

Macgyver111

This is something interesting that I read. Oil usd240...inflation habis lah tu. If really happen velesto take off to the moon man..hahaha!

"Since June, both benchmarks have tallied up a stunning gain of over 25% from their 2023 lows of $63 a barrel – with a long list of Wall Street banks now calling for prices to top $100 by year-end.

And the rally might not stop there!

Saudi Arabia has not ruled out the possibility of further production cuts this year, if necessary. A move which could send Oil prices climbing well into triple-digit territory by 2024, according to Goldman Sachs.

Speaking at the G20 Summit, Saudi Arabia’s Crown Prince Mohammed bin Salman declared “the Middle East will be the new Europe in the next five years”.

In a note to clients, JPMorgan said that “if Saudi Arabia wants to achieve this extravagant vision in the aggressive timeline set out, then they will need to target Oil prices at around $240 a barrel and keep them there for years”.

1 week ago

Macgyver111

Imagine what is the DCR rate if oil trading at usd240...

1 week ago

aireez

sell 255 done
royalinvestor
manyak berat tahi miyak lorrr ini counter
my advise collect 1cts to 2cts bro
q at low sell on and off .... manyak untung lorrr
hahahahaaaaaa
Now q back at low level laa
heheheeheee
Lai2 ... come down faster im waiting to be in the boat back
😁😂🤣

1 week ago

rizal2020

Now q back at low level laa
heheheeheee
Lai2 ... come down faster im waiting to be in the boat back

Ello bro u will miss the boat laa
WTI oso sdh hit Usd 90 bro
If u q at 250 now not sure u can get in Vele boat laa
😅

6 days ago

Macgyver111

Why selling fast despite velesto in positive side.

6 days ago

Macgyver111

Dah jual tak payah post sini tiam2 sdh ler..what you're trying to proof here.

6 days ago

piluba77

anak forever flat

6 days ago

serpent100

Today limit up ????? All oil n gas limit up ????

6 days ago

bullrun168

Oil rises to highest in 2023 on tight supply expectations
By Arathy Somasekhar
September 15, 20232:58 AM GMT+8
https://www.reuters.com/markets/commodities/oil-prices-tick-up-markets-zoom-supply-tightness-2023-09-14/

HOUSTON, Sept 14 (Reuters) - Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising U.S. crude inventories.
Brent crude rose $1.82, or 1.98%, to settle at $93.70, after touching $93.89, its highest since November 2022.
U.S. West Texas Intermediate crude (WTI) gained $1.64, or 1.85%, to $90.16, closing above $90 for the first time since November.

6 days ago

serpent100

Velesto gogogo….jgn kalah sama perdana pula

6 days ago

Lewis Lee

Yes ! Go go go .... Go to sleep !! 🤣

6 days ago

rizal2020

Bravo ...
35m sleeping at 260
Nxt Wk continue lorr ....

6 days ago

faizalanuar

if goes by TA also, with current momentum will take 1 or 2 weeks to see it break..lets see if my reading is right🤔

5 days ago

Macgyver111

Got burning smell lah..very sorry for those who sell earlier and eagerly waiting for cheap ticket...😄

3 days ago

Macgyver111

All the way to 0.30c...2019 rally returned.

3 days ago

Lewis Lee

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 !!!!

3 days ago

bullrun168

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

2 days ago

Nickhii90

finally big elephant is moving

2 days ago

Eric Lim

because i sold all, kns

2 days ago

SinGor

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

2 days ago

bullrun168

Horrey, Super damn hot Velesto today ! 

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

2 days ago

Nickhii90

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

2 days ago

specializedvenge

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

2 days ago

supersim

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

2 days ago

Macgyver111

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 😂

2 days ago

specializedvenge

Bro now bicycle cincai 10-20k 🤣

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

2 days ago

EAGLE

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

2 days ago

midswing

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

2 days ago

Macgyver111

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

2 days ago

Macgyver111

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

2 days ago

Lewis Lee

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

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

2 days ago

serpent100

Haizz…0.265 only

2 days ago

specializedvenge

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

2 days ago

Lewis Lee

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

2 days ago

royalinvestor

😊😉

1 day ago

Vincent8864

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

1 day ago

royalinvestor

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

1 day ago

SinGor

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

1 day ago

rizal2020

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

1 day ago

aireez

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

8 hours ago

sheep

you buy you die...tp 0.19 only wakaka

4 hours ago

matg

shd sell yesterday at 27 and buy again on next support

4 hours ago

aireez

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 😂🤣😂

3 hours ago

aireez

Minor correction to get lower average lorrr ....

3 hours ago

aireez

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

3 hours ago

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