Velesto's valuations look attractive after recent decline


KUALA LUMPUR: While simultaneously slashing earnings forecasts, Maybank Investment Bank research is seeing upsides to Velesto Energy Bhd's share price after the recent sell-off that saw it lose three-quarters of its value.

"The recent 75% fall in share price, which has priced in much of the operating negatives, has turned Velesto attractive," it said in a Wednesday note.

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