[New post] CIMB: Velesto Energy Berhad

alanyeo posted: " Naga 7 insurance claim agreed upon■ 1H21 core net loss of RM142m was below expectations, at more than doubleour/consensus' full-year forecasts, due to Naga 7 indemnity costs.■ Reiterate Add, but with a lower DCF-based TP of 16.5 sen, as we lower long-ter" Respond to this post by replying above this line New post on Alpha Edge Investing CIMB: Velesto Energy Berhad by alanyeo Naga 7 insurance claim agreed upon■ 1H21 core net loss of RM142m was below expectations, at more than doubleour/consensus' full-year forecasts, due to Naga 7 indemnity costs.■ Reiterate Add, but with a lower DCF-based TP of 16.5 sen, as we lower long-term utilisation assumptions from 80% to 70%.■ Naga 7 insurance compensation has been agreed […] Read more of this post alanyeo | August 26, 2021 at 11:28 am | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-3hO Comment    See all comments    Like Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://alphaedgeinvesting.com/2021/08/26/cimb-velesto-energy-berhad/ Thanks for flying with WordPress.com