VELESTO ENERGY BERHAD

VELESTO ENERGY’s MYR 0.28 share price hits a 52‑week high while Bursa Malaysia shows modest gains and a strengthening ringgit—discover what this means for energy investors.

VELESTO ENERGY BERHAD, a Malaysian energy company, is well-positioned to navigate the evolving energy landscape with its focus on sustainability and reliability, strategic initiatives, and strong financial performance.

VELESTO ENERGY BERHAD has reported a strong start to 2025 with a 13% increase in net profit, driven by higher charter rates and strategic contract wins in Southeast Asia.

Velesto Energy Berhad has secured a $90 million contract, highlighting its growing influence in the oil and gas sector and positioning it for significant growth.

Velesto Energy Berhad has secured a major drilling contract in Vietnam, marking a strategic expansion into the Southeast Asian market and bolstering the company’s financial performance.