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 [VELESTO ENERGY BERHAD:自升式钻机的平均利用率提高到86%,而去年同期为66%]

1Q20 vs 1Q19:
集团的收入为1亿7千630万令吉,比上一季度的1亿2千700万令吉高38.8%,主要是由于钻探服务部门的业绩改善。因此,该集团报告了扭亏为盈的结果;从相应季度的1,960万令吉税前亏损增加到1,770万令吉的税前利润,大幅改善了3,730万令吉。

钻井服务部门:
钻井服务部门在本季度录得收入增长39.8%至1.742亿令吉,主要是由于自升式钻机的平均利用率提高到86%,而去年同期为66%。因此,钻井服务部门的税前利润显着改善,达2640万令吉,而同期的税前亏损为950万令吉。

油田服务部门:
油田服务部门的税前亏损则从去年同期的370万令吉减少至230万令吉。

其他部门:
其他部门则录得630万令吉的税前亏损,与去年同期相当。

1Q20 vs 4Q19:
这集团的除税前盈利较高为1,770万令吉,而上个季度则为1,460万令吉,这主要是由于本季度钻井服务部门的贡献和开单效率更高。

这集团的总资产增加了1.518亿令吉或3.5%,主要是由于该期间的物业,厂房和设备增加。负债总额减少了1,870万令吉,主要是由于该期间的应付账款和借款分别减少了1,280万令吉和490万令吉。

前景:
钻井服务部门:
目前,尽管集团的七个自升式钻机中只有五个在运转,但仍在合同中。这集团一直在招标新合同,以部分缓解可能影响合同续签的潜在市场疲软。

油田服务部门:
这集团将持续监察及评估该附属公司的生存能力。

鉴于全球经济以及对石油和天然气的需求存在严重的不确定性,董事会认为,本年度的财务业绩将受到不利影响,并将弱于2019年。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.34 (dividend RM0.04) in 1 year 9 months 10 days, total return is 232.9%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.71 (dividend RM0.04) in 1 year 10 months 19 days, total return is 120.1%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.57 (adjusted)(dividend RM0.055) in 11 months 18 days, total return is 117.1%

d) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM23.64 (adjusted)(dividend RM0.32) in 1 Year 10 months 21 days, total return is 97.4%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.03 in 1 year 3 months 30 days, total return is 79.1%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.22 (dividend RM0.148) in 1 Year 7 months 14 days, total return is 48.9%

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页面与我联系。

Whatsapp : 011 - 15852043

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接,大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram,获取最新的资讯:jamesnginvest

这个分享纯属讨论以及领域的分析,买或卖自负。请Like和Share这个post。最终决定永远是你的,谢谢。

James Ng
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[VELESTO ENERGY BERHAD: higher average jack-up rig utilisation of 86% as compared to 66% in the corresponding quarter]

1Q20 vs 1Q19:
Group revenue of RM176.3 million was 38.8% higher than the corresponding quarter’s revenue of RM127.0 million, mainly due to improved performance in the Drilling Services segment. Consequently, the Group reported a turnaround result; from a loss before tax of RM19.6 million in the corresponding quarter to RM17.7 million profit before tax, a significant improvement of RM37.3 million.

Drilling Services Segment:
Drilling Services segment registered a 39.8% increase in revenue to RM174.2 million in current quarter, mainly due to higher average jack-up rig utilisation of 86% as compared to 66% in the corresponding quarter. As a result, the Drilling Services segment registered a significant improvement to a profit before tax of RM26.4 million against the loss before tax of RM9.5 million reported in the corresponding quarter.

Oilfield Services Segment:
The Oilfield Services segment recorded a lower loss before tax of RM2.3 million against RM3.7 million in the corresponding quarter.

Others Segment:
Others segment recorded a loss before tax of RM6.3 million, which is comparable against corresponding quarter.

1Q20 vs 4Q19:
The Group posted a higher profit before taxation of RM17.7 million compared to RM14.6 million in the preceding quarter mainly due to higher contribution and invoicing efficiency from Drilling Services segment in the current quarter.

The Group’s total assets increased by RM151.8 million or 3.5% mainly due to the increase in property, plant and equipment during the period. Total liabilities reduced by RM18.7 million mainly due to reduction in payables and borrowings amounting to RM12.8 million and RM4.9 million respectively during the period.

Prospects:
Drilling Services Segment:
Currently, while only five of the Group’s seven jack-up drilling rigs are working, all are still under contract. The Group is continuously tendering for new contracts to partially mitigate potential softening of the market which may affect contract renewals.

Oilfield Services Segment:
The Group will continuously monitor and evaluate the viability of this subsidiary.

In view of the grave uncertainty in the global economy and the demand for oil and gas, the Board believes that the financial performance for the year will be adversely impacted and weaker than 2019.
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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.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng

https://klse.i3investor.com/blogs/general/2020-05-25-story-h1507831775.jsp

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