VELESTO Stock Forum

$VELESTO (5243.BMS)$ going to fly soon

$VELESTO (5243.BMS)$ With the recent sell off of Bursa lets look at Velesto.
According to BIMB Securities
“Velesto posted a decent 1Q24 core earnings of RM46.8mn mainly driven by rising average daily charter rate (DCR). The DCR rose 8% QoQ to USD107k/day on the back of the new rate approved by Petronas for NAGA 2, NAGA 3, NAGA 4 and NAGA 6 jack-up rigs effective February 2024. Meanwhile, the revised dayrate for NAGA 8 that is working for Carigali Hess has commenced in...

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In an intriguing start to the trading day, Bursa Malaysia opened on a positive note but quickly succumbed to the pressures of Wall Street’s slump. At 9:08 am, the $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ had dipped by 0.60 points, or 0.03%, to 1,535.88 from Monday’s close of 1,536.48. The index had opened with optimism, climbing 5.66 points higher to 1,542.14 before reversing course.
B...

$VELESTO (5243.BMS)$ anyone waiting for 3 like me?

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Bursa Malaysia mirrored the cautious sentiment in regional markets ahead of key US economic data releases. By lunchtime, the $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ had dropped 44.38 points, or 2.75%, to 1,566.67 from Friday’s close of 1,611.05.
Opening Bell and Market Movements:
• $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$: Opened 17.69 points lower at 1,593.36, its highest point today,...

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Bursa Malaysia closed lower today, with the $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ dipping 13.20 points, or 0.81%, to 1,611.05. The market was dragged down by broad-based selling in tandem with a regional slump, as investors remained cautious about slowing US economic growth and expectations of another rate hike in Japan.
Key Highlights
• Opening and Range: The $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ opened 4....

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Bursa Malaysia opened on a downbeat note this morning, mirroring Wall Street’s overnight slump. The market is feeling the heat from weak earnings reports from major tech giants, signaling potential economic concerns.
Opening Movements
• $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$: Fell by 10.65 points to 1,613.60 from yesterday’s close of 1,624.25. The index opened 4.94 points lower at 1,619.31.
•...

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Bursa Malaysia had a mixed day, opening with a hint of optimism but closing slightly down. The $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ slid by 1.32 points, or 0.08%, ending the day at 1,624.25. The market mirrored the cautious sentiment seen in regional bourses.
Key Highlights
• Opening and Range: The $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ opened modestly higher at 1,625.87 and traded with...

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Bursa Malaysia bounced back today, shaking off yesterday’s losses with a robust performance. The $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ surged 13.63 points, or 0.85%, to close at 1,625.57, driven by gains in the financial sector and positive regional market sentiment.
Key Movers and Shakers
• Heavyweights:
• Gainers: $MAYBANK (1155.BMS)$ (+14 sen to RM10.22), $PBBANK (1295.BMS)$ (+3 sen to RM4.21), $CIMB (1023.BMS)$ (+22 sen ...