Meanwhile, AmBank Research said that Velesto’s remaining firm order book has decreased to RM600mil from RM700mil while optional extensions fell more significantly to RM300mil from RM900mil
PETALING JAYA: Velesto Energy Bhd
could see more downside to its earnings per share (EPS) moving forward following weaker utilisation rates, said CGS-CIMB.
The research house said in its report that it estimated that the company was on track to achieve 55% utilisation for the financial year 2020 (FY20).
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