Added to YB: 2026-07-24
Pitch date: 2026-07-22
VELESTO.KL [neutral]
Velesto Energy Berhad
Author Info
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Company Info
Velesto Energy Berhad, an investment holding company, engages in activities in the upstream sector of the oil and gas industry in Malaysia and internationally.
Market Cap
MYR 2.1B
Pitch Price
MYR 0.27
Price Target
N/A
Dividend
11.76%
EV/EBITDA
4.96
P/E
11.81
EV/Sales
2.39
Sector
Energy Equipment and Services
Category
dividend
Show full summary:
Watchlist Radar - Velesto Energy
VELESTO.KL (watchlist): Malaysian jackup driller w/ 6 high-quality rigs in SE Asia, region w/ upstream capex visibility rising through 2028. EV $485M. Net cash balance sheet returning all excess FCF to shareholders. Trades 5x EBITDA, ~10x earnings, 11.5% dividend yield.
Read full article (1 min)