5243 VELESTO | Malaysia

VELESTO ENERGY BERHAD

RM 0.12 on: 2021-01-28

0% Past 1-day return
-7.69% Past 5-day return

Declining Revenue Midcap Government Linked Companies Oil & Gas


Price/Valuation Analysis
Current Price Status
  • Stock is Shooting to the Moon

    Stock is over-priced on the upper end by the market with the expectation of annual earning growth at 78.52% to match current price.

    Stock in booming mode can be traded very volatile, price can swing largely day-to-day. While having big upside potential, the downside risk can be huge if the stock is not meeting the market expectation.

  • Company is in Positive Earning
Fair Value
  • VELESTO current price is 20% above OneDelta estimated fair value.
  • The fair value is estimated via OneDelta proprietary model that updated daily basis based on stock fundamental and specific industry relative marco outlook. It can be assessed as stock potential upside range or the stock true value price in case of downside.

Relative Price Performance
  • Underperformed
    VELESTO past 5-day return lagged behind the Oil & Gas industry average return by 5.62%
  • Below 30-Day Average
    Current price RM0.12 is below 30-day average RM0.14 by 16.7%

Return (%) VELESTO Oil & Gas
1-Day0% 0%
5-Day-7.69% -2.07%
30-Day-17.24% -12.13%
Bank Analyst Price Targets
AmInvest
SELL
RM 0.09
Revenue & Earning Growth Analysis
  • Continued Drop in Revenue

    VELESTO has been dropping revenue for past 4 quarters by average -11%.

  • Unstable Profit Growth

    VELESTO has been experiencing substantial ups and downs on profit growth.


Past Quarter Reports
Quarter Date Revenue (RM) (%) EPS (RM) (%)
2020-09-30 130,659k -7% 0.0001 0%
2020-06-30 140,947k -20% -0.0019 0%
2020-03-31 176,269k -1% 0.002 +67%
2019-12-31 178,101k -15% 0.0012 -71%
2019-09-30 208,573k +33% 0.0041 +173%
Volume Trend Analysis
  • Recent Volume is Increasing

    Surge in trading volume tends to bring more price volatility in near term.

  • VELESTO recent daily traded volume is 23.05% higher than past month average.

Past 30-Day Past 5-Day
243k daily299k daily
Financials
Price History Chart
Past 30-day Average Price: RM0.14
Stock Fundamental Factors

Fundamental factor characteristics help us understand and expect how the stock price will behave in short and long term.

Stock Thematic Baskets

Usually the more the stock is included in popular themes, the more opportunity for price-driven momentum and better liquidity.

Stock Company Profile
VELESTO ENERGY BERHAD

Velesto Energy Bhd. is an investment holding company, which provides drilling and oilfield services for the oil and gas industry. It operates through the following segments: Drilling Services, Oilfield Services, and Others. The Drilling Services segment offers drilling and workover rig services to the upstream oil and gas sector; owns and operates drilling rigs and hydraulic workover units; and acts as an agent for two providers of specialized equipment and service. The Oilfield Services segment provides premium oil country tubular goods threading, repair, and inspection services. The Others segment focuses on investment holding and provision of support, management, and corporate services. The company was founded in 2002 and is headquartered in Kuala Lumpur, Malaysia.