Velesto third-party rig contract from Hibiscus boosts FY26 earnings outlook, says HLIB

KUALA LUMPUR: Velesto Energy Bhd's newly secured first asset-light rig contract from Hibiscus Petroleum Bhd is expected to strengthen its earnings outlook for the financial year 2026 (FY26), according to Hong Leong Investment Bank Bhd (HLIB).

Original source: New Straits Times