PETALING JAYA: Analysts remain upbeat on Velesto Energy Bhd
’s earnings prospects, given its strong regional tenderbook that positions it well against the possible Petroliam Nasional Bhd (PETRONAS) capital expenditure downcycle in 2025.
Maybank Investment Bank Research (Maybank IB) in a report said the recovery in the jack-up rig market from the second half of 2025 should also enable the stock to re-rate on improved earnings visibility thereafter.
