VELESTO: Velesto Energy Berhad - Summary | Jitta
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Velesto Energy Berhad

MAL:VELESTO

SummaryFactSheetFinancial
Price
RM0.32
Loss Chance
44.6%
4.54JITTA SCORE
67.75%Under Jitta Line
Jitta Ranking
Energy Equipment and Services
12 / 21
Energy
17 / 31
Malaysia
?
543 / 1,004
Grow your money with Jitta Ranking. See details.
HISTORICAL JITTA SCORE
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2.56
RM0.31
44.57%
Dayang Enterprise Holdings Bhd
MAL:DAYANG
4.63
RM1.80
16.20%
Deleum Berhad
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5.91
RM1.23
50.85%
Dialog Group Berhad
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4.37
RM2.05
150.82%
Keyfield International Berhad
MAL:KEYFIELD
5.06
RM1.59
41.56%
Jitta Factors
Growth Opportunity (53)
Recent Business Performance (54)
Financial Strength (72)
Return to Shareholders (19)
Competitive Advantage (32)
Jitta Signs
Debt LevelLow Long Term Debt
Revenue and EarningEarning loss detected in 2022
Recent Business PerformanceEarning decline 45.16% in the last quarter (yoy)
CapExVery High
Cash Conversion CycleMore than 120 days
Key Stats
Jitta Score
Jitta Line
4.54
67.75%
3.34
42.43%
3.35
41.94%
COMPANY DESCRIPTION
Velesto Energy Berhad, an investment holding company, engages in activities in the upstream sector of the oil and gas industry in Malaysia and internationally. It operates through two segments: Drilling Services and Others. The Drilling Services segment owns and operates a fleet of six premium jack-up drilling rigs capable of operating at water depths up to 400 feet, and drilling operations, well intervention, rejuvenation, repair, abandonment, and decommissioning services for exploration, development, and production wells. The Others segment provides oilfield services, including threading, inspection, and repair of Oil Country Tubular Goods, as well as specialised training and competency development programmes. The company also hydraulic workover units; operations and other engineering services for oil and gas exploration, development; and training and courses in relation to oil and gas drilling activities. In addition, it engages in the ownership and leasing of rigs. The company was formerly known as UMW Oil & Gas Corporation Berhad and changed its name to Velesto Energy Berhad in May 2018. Velesto Energy Berhad was founded in 1988 and is headquartered in Kuala Lumpur, Malaysia.
velesto.com
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