BM •
Energy •
Oil & Gas Drilling •
Quote as of 07/24/2026
Company Profile
IndustryOil & Gas Drilling
SectorEnergy
ExchangeBM
Market Capitalization2,355.22 mln
Float4,171 mln
Earnings Date08/27/2025
EPS
0.02
Marginal
P / E
13.00
Fair value
Piotroski F-Score
4
/ 9
Borderline
Beneish M-Score
-2.75
Likely reliable
1-Year Forecast
0.33
Strong upside
Relative Strength
5
/ 100
Severely lagging
Business Description
Velesto Energy Berhad is a Malaysian company founded in 1988 that provides a range of services to the oil and gas industry, both locally and overseas. Its core business involves owning and operating drilling rigs that help oil companies explore for and extract oil, while also offering well maintenance services to restore underperforming offshore wells. The company additionally handles inspection and repair of oil field equipment, provides engineering support, and runs training programs for drilling professionals. Originally known as UMW Oil & Gas Corporation Berhad, it adopted its current name in 2018 and remains headquartered in Kuala Lumpur.
