Velesto Energy Berhad (Velesto) 4Q23 results was a major beat relative to Maybank IB’s results preview on Jan 15 Maybank Investment Bank Berhad (Maybank IB) raised their FY24-25E earnings forecast by 3% p.a. after updating full-year FY23 figures. Maybank IB’s FY24-26E assumptions are: i) utilisation rates of 82%/85%/83%; and ii) blended average DCRs of USD112k/130k/132k […]
Velesto Energy Berhad (Velesto) 4Q23 results was a major beat relative to Maybank IB’s results preview on Jan 15 Maybank Investment Bank Berhad (Maybank IB) raised their FY24-25E earnings forecast by 3% p.a. after updating full-year FY23 figures. Maybank IB’s FY24-26E assumptions are: i) utilisation rates of 82%/85%/83%; and ii) blended average DCRs of USD112k/130k/132k […]