VELESTO Stock Forum

Follow Our Official Telegram Channel tynkrlab
Bursa Malaysia experienced a strong upward momentum by midday, driven by bullish global cues and renewed investor confidence in the resilience of the US job market. As the morning session progressed, the $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ added 8.96 points, climbing to 1,599.34, reflecting the positive sentiment that permeated the market.
Market Movements and Key Statistics
The market ope...

$VELESTO (5243.BMS)$ 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...

Follow Our Official Telegram Channel tynkrlab
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?

Follow Our Official Telegram Channel tynkrlab
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,...

Please Follow Us On Telegram tynkrlab
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....