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VELESTO (5243) : VELESTO ENERGY BERHAD
westernlion
Member Star
Posts: 17
Joined: Jul 2014
Male, MYS
20 Oct 2020, 12:22 PMPost #21

Is time to buy at low , hold until next year , big chance to increase 100%yeah

Profit Hunter
Member Star
Posts: 3
Joined: Dec 2020
Male, MYS
02 Dec 2020, 10:29 AMPost #22

yeahThat right.. will be breakout soon

i4value
Member StarMember Star
Posts: 533
Joined: Aug 2020
Male, MYS
04 Nov 2023, 10:28 AMPost #23

From a fundamental perspective, the company has not generated any positive ROE over the past few years. This is despite the high oil prices.  Surely you are expecting crude oil prices to go higher so that it has a chance to make profits? 

i4value
Member StarMember Star
Posts: 533
Joined: Aug 2020
Male, MYS
01 Dec 2023, 08:42 AMPost #24

The Malaysian oil and gas services companies have had a challenging time over the past few years. They have not benefitted from the high crude prices. The last time Velesto had a positive ROE was in 2014, about 10 years ago

i4value
Member StarMember Star
Posts: 533
Joined: Aug 2020
Male, MYS
17 Jan 2024, 10:13 AMPost #25

This is a Bursa energy services company that was only profitable in 3 out of the past decade. The last positive ROE was in 2019 but it was only a breakeven performance with 1.2 % ROE. The LTM projection is another breakeven return. If you are looking for other Bursa energy companies to invest in, there are better choices such as Dayang. 


yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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