SAPNRG Stock Price and Chart — MYX:SAPNRG — TradingView
MISC and Velesto are ‘buys’ on earnings recovery and improved outlook respectively
VELESTO ENERGY BERHAD : Fundamental Analysis and Financial Ratings
VELESTO ENERGY BERHAD : Fundamental Analysis and Financial Ratings
Velesto on course to return to profitability
VELESTO (5243), VELESTO ENERGY BERHAD
Velesto Energy
In other words, its balance sheet was being gradually strengthened.
Velesto currently owns and operates six drilling rigs.
The Drilling Services segment is principally involved in the provision of drilling services and workover services to the upstream oil and gas sector.
In other words, its balance sheet was being gradually strengthened.
However, the impairments and depreciation charges are non-cash expenses.
In the most recent Q2 earnings report, we realised that this company is still making a loss in terms of net income.