5243 VELESTO | Malaysia
VELESTO ENERGY BERHAD
RM 0.14 on: 2021-08-04
+3.7% Past 1-day return
0% Past 5-day return
Price/Valuation Analysis
Current Price Status
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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 1395.03% 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 not in Profit
Fair Value
- VELESTO current price is INF% 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.
Bank Analyst Price Targets
BUY
RM 0.21
SELL
RM 0.11
SELL
RM 0.09
Revenue & Earning Growth Analysis
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Continued Drop in Revenue
VELESTO has been dropping revenue for past 5 quarters by average -13%.
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Continued Losing Money
VELESTO has been losing money in the 2 of the past 5 quarters.
Past Quarter Reports
| Quarter Date | Revenue (RM) | (%) | EPS (RM) | (%) |
|---|---|---|---|---|
| 2020-12-31 | 99,060k | -24% | -0.06 | 0% |
| 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% |
Volume Trend Analysis
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Recent Volume is Decreasing
Decreasing trading volume tends to keep stock price range bound in near term.
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VELESTO recent daily traded volume is -59.14% lower than past month average.
| Past 30-Day | Past 5-Day |
|---|---|
| 93k daily | 38k daily |
Financials
Price History Chart
Past 30-day Average Price: RM0.15
Stock Fundamental Factors
Fundamental factor characteristics help us understand and expect how the stock price will behave in short and long term.
Declining Revenue
Stocks that recorded more than two quarters of consecutive revenue decline
Midcap
Stock Thematic Baskets
Usually the more the stock is included in popular themes, the more opportunity for price-driven momentum and better liquidity.
Market News & Investor Opinions
Velesto to focus on Sunken Naga 7 rig recovery efforts
An operational setback for Velesto
Velesto probing rig incident, recovery efforts ongoing
Maybank Research lowers Velesto to sell
Velesto active, rises 5.8% following contract win
Velesto secures US$17.68mil contract
More contract wins in store for Velesto
Velesto wins jack-up drilling rig job
Velesto secures RM33m drilling services contract from ConocoPhilips Sarawak
Velesto secures RM33mil drilling job for Naga 7
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.