Tag: VELESTO

Investment Report Summary VELESTO: Strong Earnings Outperform, Target Price Lifted Amid Positive Outlook Investment Bank TA SECURITIES TP (Target Price) RM0.25 (+25.0%) Last Traded RM0.20 Recommendation BUY A leading player in the energy sector has significantly outperformed market expectations, reporting robust financial results driven by stringent cost management and operational efficiencies. The positive performance has…

Financial News Report VELESTO: Strong Quarterly Performance Driven by Higher Utilization, Target Price Raised Investment Bank TA SECURITIES TP (Target Price) RM0.26 (+8.3%) Last Traded RM0.24 Recommendation BUY A leading oil and gas services firm has reported its 9MFY25 financial results within expectations, with a notable surge in third-quarter profitability driven by enhanced operational efficiencies…

Financial News Report VELESTO: Cost Management Drives Earnings Beat Amidst Softer Utilization, Target Price Revised Upward Investment Bank TA SECURITIES TP (Target Price) RM0.25 (+25.0%) Last Traded RM0.20 Recommendation BUY Velesto Energy Bhd (VELESTO) delivered first-half FY25 results that significantly surpassed expectations, with performance coming in 59% above TA Securities’ forecast and 67% higher than…