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…
Velesto Energy Q2 2025 Financial Review: Navigating Market Headwinds with a Strong Order Book Velesto Energy Berhad has just released its financial results for the second quarter ended June 30, 2025. While the numbers show a dip compared to a stellar performance last year, the report reveals a company strategically positioning itself for the future…
Hey there, fellow investors and market watchers! Today, we’re diving into the latest quarterly report from VELESTO ENERGY BERHAD, a key player in Malaysia’s oil and gas services sector. The company has just released its unaudited condensed consolidated results for the first quarter ended 31 March 2025, and there are some interesting takeaways that warrant…