UOBKH Research has upgraded its financial years 2024 to 2026 earnings forecast by 11%, 33% and 49%, respectively.
PETALING JAYA: Velesto Energy Bhd
is expected to experience a weaker second half of 2024 (2H24) in terms of rig utilisation, due to three special periodical surveys (SPS) for its rigs.
However, UOB-Kay Hian (UOBKH) Research commends the group’s ability to replenish contracts, particularly for Naga 3 (N3).
