VELESTO (5243) VELESTO能源 - [VELESTO ENERGY BERHAD,更高和更稳定的油价将导致更多的勘探和开发活动,预计所有七台自升式钻井平台到年底几乎完全利用,下半年资产利用率较高] - James的股票投资James Share Investing


 [VELESTO ENERGY BERHAD,更高和更稳定的油价将导致更多的勘探和开发活动,预计所有七台自升式钻井平台到年底几乎完全利用,下半年资产利用率较高]

VELESTO于二零一八年第二季录得较低的税前亏损2,470万令吉,对比2017年同季录得的5,140万令吉亏损,减少亏损2,670万令吉或51.9%。这是由于2018年6月30日结束的第二季度的运营成本,利息和折旧降低。

钻井服务部门:
这部门于二零一八年第二季的税前亏损为2900万令吉,而二零一七年同季则录得亏损4,230万令吉,减少亏损1,330万令吉或31.4%。较低的亏损主要是由于本季度的运营成本,利息和折旧费用降低。

油田服务部门:
该部门2018年第二季度的税前亏损为RM200万,而2017年同期录得的亏损则为RM50万。

截至二零一八年六月三十日止六个月期间,VELESTO总收入为2.336亿令吉,较2017年同期录得的2.142亿令吉增加1,940万令吉或9.1%,是因为更高的钻井平台利用率。因此,截至二零一八年六月三十日止六个月期间,VELESTO的税前亏损为1,970万令吉,较2017年同期录得的1.563亿令吉改善了,减少亏损1.366亿令吉或87.4%,是由于更高的钻井平台利用率和更低的运营成本,更低的利息费用,更低的折旧和净外汇收益1540万令吉。

钻井服务部门:
截至二零一八年六月三十日止六个月期间,钻井服务部门贡献收入2.256亿令吉或总收入的96.6%,较2017同期的2.049亿令吉增加2,070万令吉或10.1%。在七个自升式钻井平台中,有六个创造收入,其中只有两个在2018年上半年实现了100%的资产利用率。平均资产利用率为62%,而2017年同期为47%。

因此,钻井服务部门于截至2018年6月30日止六个月期间的税前亏损为4,710万令吉,而2017年同期则录得亏损1.384亿令吉,较去年同期减少亏损RM9130万或66.0%。较低的运营成本,利息支出和折旧也有助于降低当期的损失。

油田服务部门:
该部门截至2018年的六个月期间税前亏损为280万令吉,而2017年同期录得亏损为210万令吉,增加了70万令吉或33.3%。

前景:
钻井服务部门:
尽管有供需和当前的地缘政治问题,基准布伦特原油价格在过去几个月内一直稳定在每桶70美元至80美元区间内。更高和更稳定的油价将导致更多的勘探和开发活动,特别是钻井。目前的价格范围足以维持和鼓励近期和中期的持续活动。

目前,集团所有七台自升式钻井平台中,有五台已有合约工作。其余两台计划在8月底之前动员起来。根据目前的时间表,预计至少到年底几乎完全利用,有些溢出到2019年及以后。对于液压修井机(HWU),一个正在工作,而另一个将在8月底之前动员。VELESTO正在积极竞标并就新合约进行谈判以取代即将到期的合约。

油田服务部门:
VELESTO正在检讨此部门,以从集团整体业务角度评估其可行性。

集团:
预计下半年自升式钻井平台和液压修井钻机的利用率较高,将对VELESTO截至2018年12月31日止财政年度的财务表现作出积极贡献。
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James Ng Stock Pick Performance:
Since Recommended Return:

1) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.65 in 1 month 16 days, total return is 22.1%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.855 in 12 days, total return is 19.6%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.89 in 1 month 23 days, total return is 11.9%

我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析(Fundamental Analysis):

预计公司每年的增长率必须> 14%

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人,可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系

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最终决定永远是你的,谢谢。

James Ng
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[VELESTO ENERGY BERHAD, higher and stable oil price will result in more exploration and development activities, full utilisation of seven jack-up drilling rigs is expected in year end, higher utilisation of assets in the second half of the year is expected]

The Group recorded a lower loss before tax of RM24.7 million in the second quarter of 2018 against the RM51.4 million loss recorded in the same quarter of 2017, a reduction of RM26.7 million or 51.9%. This was due to lower operating cost, interest and depreciation in the second quarter ended 30th June 2018.

Drilling Services Segment:
This segment incurred a lower loss before tax of RM29.0 million in the second quarter of 2018 compared to the loss of RM42.3 million reported in the same quarter of 2017, an improvement of RM13.3 million or 31.4%. The lower loss was largely due to lower operating cost, interest and depreciation charged during the current quarter.

Oilfield Services Segment:
This segment reported a higher loss before tax of RM2.0 million in the second quarter of 2018 as compared to the loss of RM0.5 million recorded in the same quarter of 2017.

For the six-month period ended 30th June 2018, the Group recorded total revenue of RM233.6 million, an increase of RM19.4 million or 9.1%, compared to the RM214.2 million recorded in the same period of 2017 as a result of higher rigs utilisation. Consequently, the Group posted a significantly lower loss before tax of RM19.7 million for the six-month period ended 30th June 2018 against the RM156.3 million recorded in the same period of 2017, an improvement of RM136.6 million or 87.4% due to higher rigs utilisation and lower operating cost, lower interest expense, lower depreciation and net forex gain of RM15.4 million.

Drilling Services Segment:
The Drilling Services segment contributed revenue of RM225.6 million or 96.6% of the total revenue of RM233.6 million for the six-month period ended 30th June 2018, an increase of RM20.7 million or 10.1% over the RM204.9 million recorded in the same period of 2017. Out of the seven jack-up rigs, while six were income generating, only two of them achieved 100% asset utilisation for the first half of 2018. The average asset utilisation rate was 62% as compared to 47% in the same period of 2017.

As a result, the Drilling Services segment incurred a lower loss before tax of RM47.1 million for the six-month period ended 30th June 2018 compared to the loss of RM138.4 million reported in the same period of 2017, an improvement of RM91.3 million or 66.0%. Lower operating cost, interest expense and depreciation also contributed to the lower loss during the current period.

Oilfield Services Segment:
This segment reported a higher loss before tax of RM2.8 million for the six-month period ended 2018 versus a loss of RM2.1 million recorded in the same period of 2017, an increase of RM0.7 million or 33.3%.

Prospects:
Drilling Services Segment:
Despite the supply-demand and current geo-political issues, the benchmark Brent oil price has been stabilising within USD70-USD80 per barrel range for the last few months. The higher and stable oil price will result in more exploration and development activities, especially in drilling. The current price range is sufficient to sustain and encourage continued activities in the near and medium term.

At present, all seven of the Group’s jack-up drilling rigs are contracted with five already working. The remaining two are scheduled to be mobilised before the end of August. Based on present schedule, an almost full utilisation is expected at least until year end, with some spilling over into 2019 and beyond. For the Hydraulic Workover Units (HWU), one is currently working while another will be mobilised before the end of August. The Group is aggressively bidding and negotiating for new contracts to replace expiring ones.

Oilfield Services Segment:
The Group is reviewing this segment to evaluate its viability from the overall Group business standpoint.

Group:
A higher utilisation of both jack-up drilling rigs and hydraulic workover rigs in the second half of the year is expected to contribute positively to the financial performance of the Group for the financial year ending 31st December 2018.
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James Ng Stock Pick Performance:
Since Recommended Return:

1) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.65 in 1 month 16 days, total return is 22.1%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.855 in 12 days, total return is 19.6%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.89 in 1 month 23 days, total return is 11.9%

I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.



I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/

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James Ng

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