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Velesto Energy Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023 CI
Velesto Energy Berhad Announces Single-Tier Interim Dividend in Respect of the Financial Year Ended 31 December 2023, Payable on 24 May 2024 CI
Velesto Energy Berhad Announces Changes in Board of Directors' Committees Composition CI
Velesto Energy Berhad Appoints Encik Alan Hamzah Sendut as Independent and Non Executive Director CI
Velesto Energy Berhad Appoints Encik Alan Hamzah Sendut as Independent and Non Executive Chairman of Audit Committee CI
Velesto Energy Berhad Announces Resignation of Tong Poh Keow as Independent and Non Executive Chairman of Audit Committee CI
Velesto Energy Berhad Announces Resignation of Tong Poh Keow as Independent and Non Executive Director, Effective on December 1, 2023 CI
Velesto Energy Berhad Announces Resignation of Tong Poh Keow as Independent and Non Executive Member of Nomination and Remuneration Committee, Effective on December 01, 2023 CI
Velesto Energy Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 CI
Velesto Energy to Grant Share Options to Employees, Directors MT
Velesto Energy Berhad Announces Cessation of Office of Encik Mohd Irwan Bin Ahmad Mustafa @ Mustafa as Member of Risk Committee CI
Velesto Energy Berhad Announces Appointment of Encik Fadzihan Abbas Bin Mohamed Ramlee as Member of Risk Committee CI
Velesto Energy Berhad Announces Cessation of Office of Mohd Irwan Bin Ahmad Mustafa @ Mustafa as Member of Nomination and Remuneration Committee CI
Velesto Energy Berhad Appoints Encik Fadzihan Abbas Bin Mohamed Ramlee as Member of Nomination and Remuneration Committee CI
Velesto Energy Berhad Announces Resignation of Encik Mohd Irwan Bin Ahmad Mustafa @ Mustafa as Non Independent and Non Executive Director CI
Velesto Energy Berhad Appoints Encik Fadzihan Abbas Bin Mohamed Ramlee as Non Independent and Non Executive Director CI
Velesto Energy Berhad Appoints Puan Nadzrin Alia Binti Md Azizis as Non Independent and Non Executive Director CI
Velesto Energy Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023 CI
Velesto Energy Bags $13 Million Drilling Services Deal MT
Velesto Energy Bags $10.9 Million Deal from Vestigo Petroleum MT
Velesto Energy Turns to Profit in Q1 MT
Velesto Energy Berhad Reports Earnings Results for the First Quarter Ended March 31, 2023 CI
Velesto Energy Bags $128Million Deal from PETRONAS Carigali MT
Velesto Energy Turns to Loss in Q4 MT
Velesto Energy Berhad Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022 CI
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Velesto Energy Berhad is a Malaysia-based multinational provider of services for the upstream sector of the oil and gas industry. The Company owns and operates six jack-up drilling rigs, which are capable of operating in water depths of up to 400 feet. The Company is also a provider of workover services through its fleet of hydraulic workover units. In addition, it provides integrated drilling and workover services to meet its clients’ requirements. The Company has four segments. The drilling services segment is principally involved in the provision of drilling services to the upstream oil and gas sector. This segment owns and operates several drilling rigs. The integrated services segment principally provide hydraulic workover operation. The oilfield services segment principally provides oil country tubular goods threading, repair and inspection services. The others segment is involved in investment holding, provision of support services, management and corporate services.
More about the company
Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
0.265 MYR
Average target price
0.325 MYR
Spread / Average Target
+22.64%
Consensus

Annual profits - Rate of surprise

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