Just continue following up from my previous view on Velesto https://klse.i3investor.com/blogs/dieforrich/176703.jsp
Why am I so positive with Velesto's valuation?
Historically, during good time of oil prices in 2013 and 2014, Velesto had been trading at PBV of 3.1x in 2013 and 2.9x in 2014.
While, my view on valuation in my blog, I valued it at 2x of its book value, which translate Velesto should be worth between 64sen and 66sen.
In fact, this 2x PBV is at discount compared to PBV in 2013 and 2014.
Worst is over and earnings prospect is getting hot now.
Look at latest article on Velesto here too http://www.theedgemarkets.com/article/velesto-sees-worst-over
I believe the stock has nosedived too much and trading below PBV. It is the best time to position.