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PETALING JAYA: Velesto Energy Bhd has posted a net loss of RM22.22mil in its first quarter ended March 31 compared with a net profit of RM5.02mil in the previous corresponding period, mainly due to a net foreign-exchange (forex) gain of RM18.2mil a year earlier that resulted from the early settlement of revolving credit.
VELESTO ENERGY BHD: OPERATING seven jack-up (JU) rigs in Malaysian waters, Velesto is in a sweet spot, benefitting from a surge in Petronas’ yearly JU rig requirement from six to 10 and 16 to 19 for 2019 to 2021.
KUALA LUMPUR: Oil and gas services company Velesto underperformed CIMB Equities Research’s expectations with a 1H18 core net loss of RM3.8mil, as a result of a 2Q18 loss on weak utilisation versus its small profit forecast.
KUALA LUMPUR: Velesto Energy Bhd’s subsidiary, Velesto Drilling Sdn Bhd, has been awarded four contracts worth a total of RM432.33mil from Petronas Carigali Sdn Bhd for the provision of jack-up drilling rig services.
KUALA LUMPUR: Advancecon Holdings Bhd, Hiap Teck Venture Bhd, Velesto Energy Bhd, Kumpulan Perangsang Selangor Bhd (KPS) and Malaysia Airports Holdings Bhd are among the stocks to watch, according to JF Apex Research.
KUALA LUMPUR: Bina Puri Holdings Bhd, Gadang Holdings Bhd, Chemical Company of Malaysia Bhd (CCM), Velesto Energy Bhd, Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.
KUALA LUMPUR: Serba Dinamik Holdings Bhd, Kerjaya Prospek Group Bhd, Econpile Holdings Bhd and Velesto Energy Bhd are among the stocks to watch on Wednesday following their latest news, according to JF Apex Research.