[New post] CIMB: Velesto Energy Berhad – HOLD TP RM0.14 (Previous RM0.165)

alanyeo posted: " Operating costs hurt more than expected ■ 9M21 core net loss underperformed at 150%/110% of our/consensus FY21F forecasts due to higher-than-expected opex in 3Q21 on multiple factors.■ Consequently, we cut our FY21-23F forecasts, reduce our DCF-based " New post on Alpha Edge Investing CIMB: Velesto Energy Berhad – HOLD TP RM0.14 (Previous RM0.165) by alanyeo Operating costs hurt more than expected ■ 9M21 core net loss underperformed at 150%/110% of our/consensus FY21F forecasts due to higher-than-expected opex in 3Q21 on multiple factors.■ Consequently, we cut our FY21-23F forecasts, reduce our DCF-based TP to 14 sen (Ke: 15.3%, rolling forward to end-CY22F), and downgrade to Hold.■ Despite rising utilisation rates, a […] Read more of this post alanyeo | December 1, 2021 at 1:29 pm | Tags: Velesto Energy Berhad | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-6HI Comment    See all comments 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: https://alphaedgeinvesting.com/2021/12/01/cimb-velesto-energy-berhad-hold-tp-rm0-14-previous-rm0-165/