Many of us will sell this counter to take profit this monday. I hope it will not trigger panic selling and those waiting at 3++, you have to wait few months before it can come to that level. That only happens if USD/MYR less than RM4.

So, another version of SKPetro (Sapura + Kencana) . This is very good news. Cost can be optimised and profit can be enhanced.


I will buy this counter if they really merge.

EPF was net buyer before the report. Now they started become net seller since yesterday.
:(

Armada borrowed Nearly RM1 billion for this Claire FPSO project. Regardless they get money from this project or not, they still need to pay interest and principal of the loan amount. So, negative RM1 Billion . That is a lot of money and take years to recover. To make it worst, the Australian company is expected to bankrupt and I 'm not sure if they can get any penny from that company. RM 1 billion gone just like that....

:(

What a bad news. I was in flight and only now I saw the bad news. Luckily I just bought 500. Need to offload tomorrow but definitely will be gap down. I hope it doesn't touch less than 0.50.

They are doing kitchen singking exercise. Of cause they will loss on paper but the fact is they still profit. This is the best way to run from tax. It is the same concept as small business buying more cars so that they can claim loss to avoid/reduce tax.

Great news -
Oil price went up 3.4% today to almost $34 and heading to $40 in the next few weeks. Icon still making profit and this quarter expected to be better. Icon trades at 0.4x book and 0.9x EV/replacement value without taking into consideration potential profit from their new projects that they secured recently.

Yes. USD50 oil is coming. Now, mineral water is more expensive than oil. Doesn't make sense when the oil resources getting lesser and lesser and expected no more oil in the next few decades.

ABC1, just que at RM1.5. Alternatively, buy icon while it still less than RM0.5

Now, we need to push TF to give big angpao to us. We have been suffering many quarters already.

We know this counter will go back to its IPO price, but can this counter achieve that before next quarter?

Finally, we can fly...

Great trade today. Managed to get 500 + 500 at 1.38. Too obvious some fund offering low price so that they can trigger panic to retailers to sell so that they buy back at cheaper price. Same technique was used on icon counter today. Oil price up this monday and they bring down the price to tapau nicely before this monday. I managed to sapu 20,000 from that counter at low price.
Great game today.

Airasia.... I have no regret from the day one and now we can start dream to fly....

Oil price is going up. It's normal strategy that being used by fund companies to bring the price down by offering cheaper price but they tapau nicely. Same strategy being used for airasia today.
The price probably will gap up this monday.

:)

I like mutton curry without mutton. Anyway, RSI indicates that this counter going to be overbought and owners will start selling. So the price will go down further and you can start tapau when it reach 5.10.

Based on he past chart, its actual value is less than RM1 before all the split. As long the price does not drop less than RM1, than shoul be alright.But I would probbaly dispose mine today to collect my profit. I believe many will take their profit in the next few weeks. If that happens, this counter will free fall without any solid support. I really sorry those who bought after the split. The same mistake that I did few years back that cause me lost of 40% which I fail to put stop loss earlier and keep denying myself about the counter actual value.

Good luck everyone!!!

Seem this counter going down to its actual value. I hope not less than RM1.50 .

This counter is already too over price but many pakcik makcik bought this counter although the price is more than RM1.30 after all the split. I wonder if they really know what are they paying for this counter. Now, many of them stuck and they will panic and start selling. I hope they don't do which will be disaster for this counter.

I will disponse mine if it hit.RM2.04.

Icon is currently headed by Datuk Abdul Rahman Ahmad, CEO of Ekuinas until Feb 29, 2016. Since the new ICON CEO, Amir Hamzah Azizan is a PETRONAS top executive, he can bring this counter to another level in the next few months to please his bosses - shareholder.

Since he knows what criteria must have to get contract from PETRONAS and other oil companies , many industry player anticipating that this company will get more contracts than its competitors this year. Not to mention that icon already has sufficient revenue/contract to survive in the next few years.

In addition to that, this is one of the local companies that still make money regardless oil price but making more money if oil price rise further.

So, VERY GOOD POTENTIAL COMPANY TO MAKE MONEY THIS YEAR!!!

After made some calls to get more color on this counter, now I can see better rainbow.

Seems the Big swinging d*ck of the company caught a big elephant. So they are very confident with their incoming quarterly result until next few years.

No wonder their directors and family members started collecting this flower.

By the way, any idea why the directors, big bosses and their family members buying this counter like there is no tomorrow?

It appears that the price was brought down earlier to allow the directors and big bosses to purchase at lower price when they already know/anticipate that the price will shoot-up soon.
Many anticipate this counter will exceed more than RM2 but can it reach RM2 before 1q16 announcement?

More revenue for Malaysia Airport.

http://www.thestar.com.my/business/business-news/2016/02/10/passenger-traffic-at-malaysian-airports-rebounds

:(
Seems it going to hit RM1.64 tomorrow. Then it will be doomed for the next few weeks.

Finally, you may expect profit from AAX.

From kinibiz...
Budget long-haul carrier AirAsia X is expecting to deliver an operational profit in the fourth quarter of 2015 (4Q15) on the back of better yields and load factors.

Two top guns trying to do transaction on the same day. Means - They are buying back...
Finally, good quarter result..
Congrats to shareholders of Airasia. I already sold mine. But maybe I can buy back.

It seems EPF still not finish their offloading exercise to take back their money. They still have few hundred millions and they need the money regardless profit or loss. Too much of supply but no buyer.

I believe they will finish their selling after they announce their dividence in March. They can drag this counter price to less than RM1. We can be stuck for a very long time. I should have sold my share this morning. :(

Another good news,
Icon still made some profit this tough time although not as much as before. As long not loss, it's good.

iHunter Good news,

Icon secured 99M contract.

http://www.theedgemarkets.com/my/article/icon-offshore-secures-rm99m-time-charter-contract

Bad news...

Armada being sued RM113M

http://www.thestar.com.my/Business/Business-News/2015/05/26/Bumi-Armada-unit-faces-RM113m-claim/?style=biz

I wonder how many more of their customer will do the same. And how they will justify this legal action to their potential customer.

Now it's a time to enter. It only cost you approx RM60,000 for 1000 before the buy back. Undervalued stock but good potential.

Good news to the shareholder if the resolution to buy back is approved. Good time to enter now before the announcement.

Jolie2,
Your wish will be granted after Armada release their incoming quarter result.

Jolie2,
I don't have major in Economic. I rely on my boys (not my son) and my friends to advise me which stock to buy. Since my boys and my friends are in the market, they are the ones recognise icon and barakah in a same category.

I do know that Ekuinas has been trying to restore the price to more than its IPO value including made some announcement before.. The only thing that they didn't do is to issue dividend.

Since icon has been enjoying good profit, I believe you can anticipate the next action by Ekuinas.
Anyway, my strategy is very simple, I buy when the price already at bottom like this counter and sell it when overbought.

,
Hahahaha.... I hope it was just a monday monday morning joke.
If your rationale was based on contract that they are getting from a same company, I do not want to waste your time and my time to debate on this matter. Then somebody will suggest that we should compare with SKPetro.

Anyway, wish you all the best in all your investment.

This good counter but I will be withdrawing my money tomorrow to buy iCon. Good luck everybody!

In the market, we don't benchmark icon with alam but we do benchmark with Barakah due to charteristic of both counter.

By the way, Barakah already hitting RM0.92. Market predicted that ICon counter to perform similiar to Barakah.

With the current price, you have better opportunity to make more money with iCon as the price can climb from 0.63 to 0.98 with effortless.

Assuming you bought 1000, you can make RM 35,000 (+-). I believe that will be good enough for one month income.

I believe both Armada and iCon are good company. The only different is, you have better opportunity to make more money with iCon as the price can climb from 0.63 to 0.98 with effortless.

Assuming you bought 1000, you can make RM 35,000 (+-). I believe that will be good enough for one month income.

This counter is a good counter and undervalued. The small retailer over react and the fund managers started taking the opportunity to acquire more because many of them anticipating the price to hit RM0.8 ++ very soon before it can hits RM1++ subject to oil price.

I have not acquire this counter but will do so this monday.

Happy investing!!!

Question - Will Government absorb the RM38?
Answer - Call IMI or MOF for your own confirmation. Don't listen to rubbish info to trap you into this counter. Or call myeg directly.

Logically, why government wants to absorb the RM38 when they have already announced that they will get MAMPU to implement similar system sane if not better than MYEG. The money can be used by MAMPU to hire better developers or to be used by Rakyat that really need the money.
Don't you think rakyat will riot if Government subsidies the RM38 especially the company belong to a Politician. BN knows it's a trap from Pakatan if they subsidies the RM38.

Do you think government will delay any good announcement especially after GST ?

In wall street, we call this dead cat Bounce...
Good luck guys...

Yes. I got pissed off with this company because my boys still need to go to IMI after paid the extra charges.

Dear Armt,
You can confirm with the news company to verify...

Seems the news about government to absorb RM38/RM35 is not true when local reporter verify with relevant government agencies. That is why no new about that from any local news except Chinese new paper which their reporter has miss interpreted the conversation/interview which was held in Bahasa..

If you want to buy, better wait at RM2.09 or lower...

More bad news coming...

:(

Bro,
Market already know that some government agencies have received instruction to submit their recommendation on which company to be selected to run the same services offered by MYEG. 

Market also know that eGoverment services will not be renewed after it expired later. And government will not offer any new contract to MYEG. In fact, MYEG has been advised to offer their services to other countries like Indonesia and brunei.

I was told that officers from Indonesia and brunei were laughing like hell. It remind them of eG project by Sapura IT which many government agencies see that as big failure. Sapura IT did the same thing trying to sale their eG but then it became eGarbarge.

Sapura IT which used to be bigger than MYEG now no longer exist. Market predicted the same scenario will happen to MYEG after 4-6 years from now.

So, is my rumours still rumour?

Alphajack,
You said Goverment has decided to absorb RM38 but my boys unable to trace any reference. Can I have the source please?