🟢 Velesto Energy is trading 5.66% up today after UOB Kay Hian upgraded it to Buy

Velesto Energy is trading 5.66% up at MYR 0.28 after UOB Kay Hian upgraded the stock to Buy.

• UOB Kay Hian set a MYR 0.29 target price, citing dividend appeal.
• The research house said Naga 3 earnings risk is contained and negatives are already priced in.
• Coverage on August 11 reported the stock had risen 6.12% and closed at 26 sen.