if cmsb is Rm5.00+.....kkb easily 2.80 soon

sigh....as expected...beli 0.570....jual 0.60 muahhahaha thanks icon...

"you guess" is not an investment strategy....hahaha...

yes...the news is trueee...

its a 12 cents stock

HSBBBbbbbbbb.........pfttt..t.t.t......

murali...that's what you think only!...not what others think...haha

no point tell them to buy la...they will tell u about what candlestick cock and bull story...then...say no fundamentals...all the bullshit....screw those guys who talk cock here..if the market relies on the bullshit candlestick and fundamentals...then PERWAJA won't increase 300% in a week la..tiu...nia sing..

hidup hidup ...hidup hidup...

HSBB......100MBPS!!! HAHAHA....MURALI IM STILL HERE LA...I ADDED MORE WHEN U GUYS ARE THROWING...MUAHAHAH

ITS COMINGGGG.....1.50 MARI MARI MARI....!!! MUAHAHAHA....HSBB CEPATTT

next support 1.20

so happy...next month petrol price increase 50 cents...

halo..how is homer simpson doing?...seems like a lot queing to sell at 1.23 before it go back to 0.920 hehe

buy on rumour...sell on news!

big roadblock at 1.20 now la..crazy ...better buy another day...today is selling day!

selling is increasing...

this stock definitely above RM2 anytime

oredi say lo last week...too late to buy now...if buy now other ppl earn only

its coming already!!...kikiki

haha jolie.....my lurve!!!!.....can tell us tomorrow whether are you causing icon to drop further??...let us know ya....kikiki

http://www.thestar.com.my/Business/Business-News/2015/05/04/Ekuinas-stays-in-Icon/?style=biz


Fund to continue backing plans to grow O&G firm’s business regionally

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has dismissed any notion of it wanting to exit Icon Offshore Bhd, an oil and gas (O&G) service provider that is under probe for alleged corrupt practices.

Ekuinas which has a 42.3% stake in Icon, would continue with its support of the current management of Icon that plans to grow the business regionally.

“We believe in the long-term value of Icon. It doesn’t make sense for us to sell our investments at low prices because we are here to maximise our value,” CEO Datuk Abdul Rahman Ahmad (inset pic) told StarBiz at the sidelines after Ekuinas’ 2014 results announcement on Thursday.

“We hope we can go through this tough period by maintaining our utilisation of (Icon) and push forward our strategy to build Icon to grow internationally,” he said.

Icon’s share price had taken a beating the last two weeks to trade at its new low of 57 sen last Wednesday, after the Malaysian Anti-Corruption Commission (MACC) detained the company’s two top executives last week to assist in investigations.

Subsequently, Icon has given a six-month leave of absence to the two key executives, who are siblings, to enable them to focus on assisting investigations by the MACC.

The counter closed at 57.5 sen last Thursday, a 22.3% decline year to date and some 69% drop from its initial public offering price of RM1.85.

At the share price Icon was trading, its PE ratio stood at a mere 5.37 times multiple of 2015 earnings and a market capitalisation of RM677mil.

On Ekuinas’ immediate plan for Icon, Abdul Rahman said the government-linked private equity fund would lend its support to the current management of Icon, which is now led by deputy CEO Capt Hassan Ali.

“Our role is to assist Icon’s current management such as providing the necessary resources to ensure the company continues to grow, especially in this current challenging period for the O&G sector,” he said.

Before the MACC probe became public, Icon’s strategy was to grow in the region and was open for potential acquisitions. This was also in line with Ekuinas strategy of creating value from undervalued companies.

Abdul Rahman explained that Ekuinas’ strategy had always been buying a few private companies and consolidating them to create market leaders.

This strategy was how Icon came about. Ekuinas put together Icon by merging Tanjung Offshore Bhd’s offshore support vessel (OSV) business – Tanjung Kapal Services Sdn Bhd - with Omni Petromaritime Sdn Bhd back in November 2012.

Ekuinas bought Omni for RM220.9mil and Tanjung Offshore’s marine vessel arm for RM220mil cash.

Ekuinas floated Icon on Bursa Malaysia in June last year and reaped total proceeds of RM545.4mil which gave it a gross internal rate of return of 68% per annum.

Should Ekuinas decide to divest its entire 42.3% stake in Icon today, the fund would be pocketing some RM283.8mil, which is still a good return compared to its initial invesment.

However, this amount is significantly low compared to about RM921.2mil proceeds it could gain if it has sold its 42.3% stake last year when oil and gas stocks commanded higher valuations.

Icon owns and operates 34 OSVs, which makes the company the largest pure-play OSV provider in Malaysia and one of the largest in South-East Asia by fleet size. Icon is currently operating in Malaysia, Thailand and Qatar.

According to Ekuinas’ 2014 annual report, the O&G sector represents more than 43% of its total investment portfolio. Apart from Icon, Ekuinas also has exposure to the sector through Orkim Sdn Bhd, a clean petroleum product (CPP) tanker company that it acquired last year. Ekuinas bought a 95.5% stake for RM346.3mil.

Orkim currently transports CPP from refineries to various oil storage terminals with a market share of 30%in Malaysia. Its customers include Petronas and Shell.

On a possible consolidation of Ekuinas’ oil and gas businesses under Icon, Abdul Rahman said the fund had no plans yet to inject Orkim into Icon for now.

the impact of gst will be seen soon on coming quarterly report...not recommended to buy

http://www.thestar.com.my/Business/Business-News/2015/05/02/GST-effects-beginning-to-be-felt/?style=biz

GST effects beginning to be felt

THE goods and services tax (GST) has seen its fair share of hiccups since its implementation on April 1, 2015, but the storm is far from over.

Although many had earlier anticipated that the following months will bring about a slowdown in retail spending, the real impact experienced by some businesses has been a lot higher. “There has easily been a decline of about 50% in sales for our European brands in April. We have taken a hard beating,” says a spokesperson from the automotive industry.

The spokesperson added that while there is still a lot of public interest in their models, many are resisting making the decision to purchase them.

“They are taking a wait and see stance, and they’re trying to assess the actual impact of GST on themselves before making the decision to buy. I think there will be a correction eventually, hopefully by next month with Hari Raya coming up.

“Our industry is not the only one facing this phenomenon. We know it is only temporary, but the scary thing is that we don’t know how long it will last,” the spokesperson says.

In a recent report, the Retail Group Malaysia (RGM) says it expected Malaysian consumers to buy earlier in the year in anticipation of higher retail prices after April 2015.

However, retail sales performance during the first two months of the year were below expectation.

“Malaysian consumers were confused by the different public messages on the prices of retail goods and services after March 2015,” it says.

For the first three months of 2015, retail sales growth rate is estimated at 3.8% compared with the same period a year ago.

Tomei Consolidated Bhd group managing director Datuk Ng Yih Pyng tells StarBizWeek that sales were 30% to 50% down in April compared to the same month last year. In the first week of April, the jeweller recorded a 70% decline in sales.

“In some of our outlets, sales were very minimal during the first week. There was not a lot of activity in our shops,” says Ng.

This is despite Tomei’s decision to absorb the 6% GST, he adds. “We have already absorbed it. Prior to April the gold price is the same as after GST came in. We did not increase by 6% to try and attract customers so they don’t feel the pinch, but even then, sales are not at similar levels to last year,” says Ng.

He adds that sales in March were good due to pre-GST demand. Ng foresees that the next few months will not be as good as the sentiment is “not too positive”. “It is worse than we anticipated,” he says.

Malaysia Retail Chain Association (MRCA) president Datuk Liaw Choon Liang says he the impact on retail sales was expected. “The whole market is very quiet, like we expected.

“Market performance has been impacted between 10% to 30% compared with last year,” he says.

He adds that consumers are now more careful when spending. “Overall, it is not promising. We expect that sales this month won’t be much different but hopefully come June, it’ll turn around,” says Liaw.

Businesses may have to be more aggressive in advertising and promotion campaigns during this softer period.

RGM, which tabulates quarterly retail data, says retail sales will likely slow down as consumers for the six-month period after April 2015, as they assume a ‘wait-and-see’ attitude on the prices of goods and services. For the second quarter of 2015, retail sales should expand by only 3.5%.

“After three months, Malaysian consumers should return to retail shops to buy more goods. The retail industry should grow by 4.8%. Malaysian consumers will get used to the GST by the last quarter of 2015. Retail spending will return to normal again by this period. This industry is expected to recover strongly with a 6.9% growth rate,” it says.

RGM revised the projected retail sales growth of the Malaysian retail industry in 2015 downwards for the second time, from 5.5% to 4.9%.

“The greatest challenge in 2015 for the retail industry in Malaysia is consumers’ spending,” it says.

The Malaysian Institute of Economic Research’s (Mier) consumer sentiments index dropped further by 10.4 percentage points to 72.6 in the first quarter of 2015, after declining 15 percentage points to 83 in the fourth quarter of 2014.

This was the third consecutive quarter of decline and the lowest reading in six years, which indicates that consumers are unenthusiastic about spending as they are wary about their future.

The survey by Mier also reported that consumers are concerned over their financial and employment outlook.

Due to the general rise in prices of goods and services after the GST implementation, RHB Research expects consumer spending to grow at a more moderate pace of 5.2% in 2015, compared with 7.1% in 2014, as consumers take on a more cautious tone.

“The volatility in retail fuel prices with an

oh my darling jolie!!.....so macam mana?..beli ker tak beli ni?...kikiki

NEXT WEEK NAIM WILL GAP UP AND FLYYYY!!!

http://www.nst.com.my/node/82554

KUCHING: Petroliam Nasional Bhd (Petronas) has agreed to reserve at least RM2.1 billion in contracts for Sarawak-born entrepreneurs in the oil and gas sector. Chief Minister, Tan Sri Adenan Satem announced this in his speech at the National Labour Day celebration here yesterday. The move from the national petroleum company cane about following the request by the state government for entrepreneurs from Sarawak to play a greater role in the oil and gas sector. “We, the people in Sarawak, want a greater role in the oil and gas industry since such resources is found in the state. “I would like to announce that Petronas had also agreed to our request and as they felt the same way. Petronas had also agreed to reserve at least RM2.1 billion ringgit in contract. “There will more assistance (coming from Petronas). We are happy with you,” he said. Adenan also said apart from natural resources, the workforce in Sarawak played a pivotal role in stimulating economic development of the state. He likened the situation in Sarawak to that in Hong Kong and Singapore. “There are no natural resources in Hong Kong and Singapore. However, the two countries depended on strong workforce which had helped to spur development for the two nations,” he said.

don call me stupid la jolie....make me sad lor......I love u so much leh....muaks muaks....

http://www.thestar.com.my/Business/Business-News/2015/05/01/Ekuinas-to-prop-up-Icon/?style=biz

haha all businesses still intact....dont worry....0.40 won't hit la

by Q3...opcom already price Rm2.50!

too late to enter lor....if next week ppl enter..only you all earn

jolie investment bang...can you pls spread more rumours here and cause icon to crash to your TP 0.40...plsplsplease...i want to buy low la...i scared next week with this news icon will fly....again..

http://www.theedgemarkets.com/my/article/ekuinas-confident-unlocking-icon-offshore%E2%80%99s-value

KUALA LUMPUR (Apr 30): Ekuiti Nasional Bhd (Ekuinas), which owns 42% in Malaysia's largest pure play offshore support vessel (OSV) provider Icon Offshore Bhd — and one of the largest in Asia now in terms of the number of vessels it owns — is confident of unlocking the value of the company.

Ekuinas chairman Raja Tan Sri Arshad Raja Tan Uda said the government-linked private equity fund will stay invested in Icon Offshore and continue to add value to the company.

“We believe in the future of Icon Offshore, and we would like to stay invested in the company and add value to it,” he told reporters at a media conference in conjunction with the release of Ekuinas 2014 financial performance.

Icon Offshore, which was only listed on the local exchange on June 25 last year, has been in the news of late due to the remand to its chief executive officer Dr Jamal Yusof and chief operating officer Rahman Yusof by the Malaysian Anti-Corruption Commission (MACC), to facilitate and assist in investigations conducted by the MACC.

Both directors are now on a six-month leave of absence to focus on assisting the MACC in its ongoing investigations, according to the group.

Born from a merger of two OSV players — Tanjung Offshore Bhd's OSV arm and Omni Petromaritime Sdn Bhd — Icon Offshore provides support services throughout the offshore oil and gas cycle from exploration and appraisal, to field development, operation and maintenance and decommissioning.

The company also provides ship management services to third party vessel owners.

Meanwhile, on the potential divestment of its loss making Burger King franchise, Ekuinas chief executive officer Datuk Abdul Rahman Ahmad said that Ekuinas is open to discussions with interested parties on the matter.

“[After the proposed acquisition of Burger King by Brahim’s Holdings Bhd was blocked by its shareholders,] Ekuinas has been focused on turning around Burger King’s operations. At the same time, we are open to discussions on the divestment of Burger King, as we believe a third party with the operational and financial capabilities will be able to add [more] value to Burger King," said Abdul Rahman.

He added that the quick service restaurant business, such as Burger King, has a longer gestation period for turnaround, due to the scale of its operations.

“The potential divestment amount that we would be looking at would be around the same range that was discussed earlier with Brahim’s (fundamental: 0.35; valuation: 1.20),” said Rahman.

In November last year, the inflight catering company, via its subsidiary Brahim’s Trading Sdn Bhd, together with private equity fund Quantum Angel, had intended to buyout the fast food franchise for RM95 million cash from Rancak Selera Sdn Bhd, a unit of Ekuinas.

For 2015, Rahman said Ekuinas will be looking at undertaking investments of between RM500 million and RM600 million.

“We aspire to deliver an investment rate of between RM500 million to RM600 million. In some years we [have] achieved those numbers, and in some we fell short ... on which sectors we would focus, on it would be in healthcare as we [do not have a presence in that]. As hospitals are dominated by the larger players, we would be looking more into services within the healthcare space," he said.

In its financial year ended Dec 31, 2014 (FY14), Ekuinas undertook 9 direct and outsourced investments with a total committed capital of RM605.8 million, bringing its total cumulative committed investments to 33, with committed capital of approximately RM2.4 billion, which, together with private capital, facilitated a total capital deployment of RM3 billion.

The Ekuinas Direct Tranche 1 Fund recorded a gross portfolio return of RM677.1 millon, which translated to a gross annualised internal rate of return (IRR) of 19.6% and a net annualised IRR of 15.3%, exceeding its long-term minimum target return of 12% per annum.

Ekuinas' second fund, Ekuinas Direct (Tranche II) Fund achieved a gross portfolio return of RM148.4 million, translating to a gross annualised IRR and an annualised net IRR of 31.9% and 19.3%, respectively.

yeah man....shit...come Tuesday sure limit down...

CUTLOSS and LARI!!!...if you want...better buy back at 0.390

whoa...analyst dump and pump...haha...those cutloss yesterday finishh ...sell low buy high hahah

but people still buying...they like it..hehe

but maybank and kenanga both concur to it...cannot be wrong..

http://www.theedgemalaysia.com/my/article/us-economy-stalls-1q

may affect over long weekend

http://klse.i3investor.com/blogs/kltrader/75886.jsp

MYEGmade a major Wave 2high of MYR2.90(7Apr 2015) with grossly overbought and bearish signals. All ofits negative chart signals above suggest an imminent downward decline. It is likely to break lower, as it breached its key supports in a bearish downward Wave 3 and Wave 5 move.

TAKE PROFIT (TECHNICAL)on rallies for MYEG, with weaker supportsand clear downward target areas of MYR2.18, MYR2.00and MYR1.38.

buy perwaja la

greenday..give u 1.31 already

I use brain not balls...because my balls in your mouth jolie...hahaha

old news

catch falling knife???...hahaha already sold all lor when rebound.....thanks to jolie investment bang....frightening the newbie investors in the forum last week that I managed to buy at 0.610 and sell all on Monday at 0.635.....oh btw I didn't claim I'm a Dr....only u claim yourself as investment bang...kikiki...at least my middle finger is up your arse now :)

undervalue gem

told u all already...funds are selling on strength...

did u buy limpek?...its rebounding...hoorayy

http://www.theedgemalaysia.com/my/article/airasia-x-offers-free-flights-humanitarian-agencies-relief-efforts-nepal

KUALA LUMPUR (Apr 29): AirAsia X Bhd will be aiding relief efforts in earthquake-stricken Nepal by offering free flights for humanitarian agencies until May 10.

In a statement, the long-haul arm of AirAsia Bhd said it was facilitating free flights from today based on seat availability, for accredited non-governmental organisations (NGOs), aid and humanitarian agencies.

AirAsia X Group chief executive officer (CEO) Datuk Kamarudin Meranun pledged that the company would do what it can to help the victims of the 7.8 magnitude earthquake that hit Kathmandu and nearby areas on Saturday.

“Our hearts go out to everyone affected by the earthquake in Nepal and we pledge to do what we can to help alleviate grief and distress experienced by the victims, and pray for their safety and well-being.”

AirAsia X acting CEO Benyamin Ismail said Air Asia X’s staff and families had also been affected by the tragedy.

“We are very saddened by the news, and our thoughts and prayers continue to be with everyone affected by this earthquake,” he said.

“Our own staff and their families have been affected as well; and as an airline that serves this route and market, we will stand by everyone there to offer as much help as possible, especially in getting in all the relief efforts into Nepal through our flights,” he added.

All NGOs and humanitarian agencies can send in their requests to AirAsia Foundation at foundation@airasia.com.

Further information for flights coordination will be provided after evaluation of the request.

AirAsia had aided relief efforts in the wake of the far-sweeping tsunami that struck the Southeast Asian region in 2004, the 2008 Cyclone Nargis in Myanmar, Typhoon Nesat in the Philippines in 2011, the 2008 earthquake which struck Sichuan in China, the earthquake and subsequent tsunami in Fukushima, Japan in 2011, Typhoon Haiyan in the Philippines in 2013 and the recent floods in the East Coast of Malaysia late last year.

The company had also mounted rescue flights from Bangkok to Kuala Lumpur in November 2008 to help people stranded by the closing of the airport in Bangkok, and similar rescue efforts were extended in Padang and Jakarta in October 2009 to help those affected by the 7.6-magnitude earthquake that hit Sumatra Island.

Nepal is a popular destination for tourists as the region boasts some of the best trekking routes and Mount Everest.

AirAsia X had announced in October last year that it would increase the frequency of flights to capital Kathmandu from 7 times to 10 times weekly for the period of October 26, 2014 until December 31, 2014 to meet the strong travel demand during the peak holiday period.

A region known for active seismic activity due to the tectonic movements of the Indian subcontinent against the Eurasian plate, the earthquake that occurred just outside of capital Kathmandu on Saturday was the worst the country had seen in more than 80 years.

According to news reports, more than 5,000 people have been killed and about 8,000 people have been injured.

United Kingdom’s The Guardian reported today that more than 100,000 people have left Kathmandu to escape desperate living conditions, fears of disease and a breakdown in law and order in the aftermath of the earthquake, with Nepalese officials expecting more people to leave the capital.

The report also stated that the United Nations estimates that 8 million people have been affected by the tragedy — more than a quarter of Nepal’s population — and that 1.4 million are in need of food assistance.

Tens of thousands have also been left homeless.

political scene is shaky...funds are selling ...this will continue...

cooling...I think possible hit your price ...but I am queing at 1.80 ...even unisem profit also drop like crazy...myeg has no direction now...investors are scared.. somemore with the Kenanga analyst report...future seems bleak..

sudah posted record profit la....nak beli murah ke abang Thomas??...hahahha...

catching up with unisem