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Hi guys

As most O&G stocks like Carimin, Naim, Dayang & Penergy have gone up 100% to 200% from its lows Calvin has unearthed another Great O&G Stock yet to run up
That Stock is VELESTO (5243) Or UMW O&G
At Its early days of IPO (2013 to 2014)  UMW O&G Was As High As Rm4.63
But in Year 2014 Due to Brent Crude Oil price crashed to a low of USD27 Petronas cut down from 39 Oil Rigs to only 14 Oil Rigs
As a result UMW 0&G  business contracted & its share price collapsed all the way till now (UMW O&G was later sold to Amanah Saham Bumi) & Name changed to VELESTO

AND NOW THESE ARE SOME VERY GOOD TURNING POINTS FOR VELESTO

1) PETRONAS HAS INCREASED UPSTREAM EXPENSE FROM RM11.5 BILLIONS (2018)  TO RM15 BILLIONS (2019) THIS YEAR
That means that there will be EXTRA 30% CASH INFUSION INTO UPSTREAM O&G ACTIVITIES
CARIMIN, DAYANG, PENERGY, BINTULU PORT HAVE SEEN INCREASING O&G ACTIVITIES FOR YEAR 2018. AND GOING INTO YEAR 2019 IT WILL SEE EVEN MORE ACTIVITIES
All Due to these Factors
2)) Brent Crude Price has gone back up above USD65.00 per barrel
SO IT IS VIABLE TO EXTRACT MORE OIL
3) Govt wants more Dividend from Petronas (Currently Petronas gave Rm24 Billions usual dividend PLUS A Special Dividends of RM30 Billions = Total Rm54 BILLIONS)
4) RAPID REFINERY In Completion also require EXTRA 54.7 MILLION BARRELS OF CRUDE YEARLY
So all these Converging Factors Have Fired Up O&G Stocks

5) VELESTO HAS RECEIVED 6 JOB AWARDS SINCE YEAR 2018
Making a Very Good Track Record of securing over Half a Billion Ringgit Revenue for Year 2018
And More Jobs going into Year 2019 as PETRONAS IS STEPPING UP OIL EXPLORATION

6) SEEING SUCH GOOD PROSPECTS AMANAH SAHAM BUMI HAS BOUGHT ANOTHER 31 MILLION VELESTO SHARES

See

7) ALTOUGH VELESTO HAS 8 BILLION SHARES ITS TOP 30 HOLDERS ARE AMANAH SAHAM BUMI, PNB & TOP LOCAL & FOREIGN FUNDS
80% ARE OWNED BY THESE STRONG HOLDERS
ONLY 1.6 BILLION SHARES OR REMAINING 20% SHARES  ARE IN FREE FLOAT

8) SINCE PENERGY, CARIMIN & DAYANG HAVE ALREADY RUN UP SO MUCH IN PRICE IT IS A WISE STRATEGY TO TAKE SOME PROFITS IN THESE & BUY SOME LAGGARD VELESTO

9) VELESTO COULD BE ANOTHER DAYANG OR A HIDDEN GEM

10) JUST LIKE NAIM WAS SOLD DOWN TO 45 SEN AFTER CAPITAL EXERCISE VELESTO HAS ALSO BEEN SOLD DOWN TO ONLY 28 SEN
I CALLED FOR A BUY ON NAIM AT 50 SEN. NAIM REACHED RM1.00 FOR 100% UPSIDE RECENTLY
SO VELESTO IS NOW 28 SEN
WHAT IS THE TARGET PRICE FOR VELESTO?
CALVIN HAS A ONE YEAR TARGET PRICE FOR VELESTO AT RM1.00

SO FROM HERE THERE IS A POSSIBLE 200% OVER UPSIDE

BEST REGARDS
Calvin Tan
Singapore

Please buy or sell after doing your own due diligence

https://eaglevisioninvest.com/top-10-reasons-why-velesto-5243-or-umw-og-is-the-best-buy-now-calvin-tan-research/
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