Velesto Energy Berhad, an investment holding company, engages in activities in the upstream sector of the oil and gas industry in Malaysia and internationally. It operates through two segments: Drilling Services and Others. The Drilling Services segment owns and operates a fleet of six premium jack-up drilling rigs capable of operating at water depths up to 400 feet, and drilling operations, well intervention, rejuvenation, repair, abandonment, and decommissioning services for exploration, development, and production wells. The Others segment provides oilfield services, including threading, inspection, and repair of Oil Country Tubular Goods, as well as specialised training and competency development programmes. The company also hydraulic workover units; operations and other engineering services for oil and gas exploration, development; and training and courses in relation to oil and gas drilling activities. In addition, it engages in the ownership and leasing of rigs. The company was formerly known as UMW Oil & Gas Corporation Berhad and changed its name to Velesto Energy Berhad in May 2018. Velesto Energy Berhad was founded in 1988 and is headquartered in Kuala Lumpur, Malaysia.
Frequently asked questions
What sector does Velesto Energy Berhad (VLSOF) operate in?
Velesto Energy Berhad belongs to the Other sector and operates in the industry.
What is Velesto Energy Berhad (VLSOF) current stock price?
As of the latest data, Velesto Energy Berhad stock price is $0.05, with a previous close of $0.05.
Does Velesto Energy Berhad (VLSOF) pay dividends?
Yes. Velesto Energy Berhad pays quarterly dividends with an annualized yield of 4.67% and an estimated annual payout of $0.01 per share.
When is the next ex-dividend date for Velesto Energy Berhad (VLSOF)?
The next ex-dividend date is scheduled for October 20, 2026.
What is Velesto Energy Berhad (VLSOF) beta (volatility) score?
Velesto Energy Berhad has a beta of 0.398, indicating lower volatility than the overall market.
