Good news is coming soon...

Good news is coming soon...

good news is back again...

Vic, retailer is disposing the stock n not equinas

thanks pavillion for sharing ur knowledge, ufis for ur opnion

friday dsonic day...sure fly tomorrow

Pavillion please give your comments...

this counter make me sleepy zzzzzzzzzzzzzzzzz

zzzzzzzzzzzzzzzzzzzzzz

hmm optimusx ...how long can the sell at 1.80, im sure it will finish too, then price will go up

announcement coming soon...after that sure fly

wait zzzzzzzzzzzzzzzzzzzz

the volume now is getting lower, which mean no seller. next week sure will fly......

only stupid people throw at 1.85

hahaha..talk kok junction good for laugh :D

1H14 adjusted net profit made up 42% of our FY forecast.

3-year adjusted net profit CAGR of 30% driven by improved utilisation and expansion in fleet to 39 units by 1Q16.

Maintain BUY and MYR2.00 TP (15x 2015 PER, comparable to peer average).

What’s New

2Q14 adjusted net profit of MYR27m (+12% QoQ; -1% YoY) took 1H14 adjusted earnings to MYR51m (+39% YoY), on track to meet our expectation of MYR122m for FY14. 2Q14 relatively mirrored 1Q’s performance except for the technical fee income gathered following the mobilisation of a new OSV.

Our adjusted net profit in 2Q14/1H14 took account these items: (i) MYR15m/MYR15m IPO expenses, (ii) MYR2m/MYR4m RCPS-I profit, and (iii) MYR2m/MYR5m amortisation of intangible assets.

What’s Our View

Our forecasts are unchanged, expecting stronger 2H vis-à-vis 1H as Icon recognises earnings from its Brunei-based AWB. Overall, Icon is set to enjoy strong growth momentum, underpinned by: (i) the planned expansion of its OSV fleet, and (ii) improved utilisation. We project Icon to take delivery of 6 new OSVs in 3Q14-1Q16, comprising: (i) 1 unit of AWBs, (ii) 2 units of 10,930 bhp AHTS, (iii) 2 units of PSVs and (iv) 1 unit of FCB.

We do not rule out further fleet expansion in the future considering Icon’s lean balance sheet (net gearing <1x) as well as M&A opportunities locally/overseas. Icon is a Shariah compliant stock, which is a positive.

Source: Maybank Research - 26 Aug 2014

thanks for sharing your view ufis...

hahaha..good one ufis...

" icon, today high is tommorow low" beli jangan tak beli

tomorrow this counter will start moving

today will reach 2.30...so better buy now

RM3.00 end of month...insider news

when will icon move???

Tomorrow will go > rm2.00

today all counter is red

the show will start after 3pm...

joe99 just leave if u not happy

5 companies is buying icon share today, must be good news coming soon...

talent who is this doctor gigi?

Ufis...thanks for your views

Pavillion balik kampung, will be back soon for the announcement

DrG....how sure of u there will be a rebound?

wait for announcement quarter result ,,then it will fly

how come maybank is not supporting icon anymore??

ferdtwh...why do u think it will go above 2 after raya?

Dake, if 6 connerstone is holding..how come no support for this stock?

This company very profitable :
5255 ICON ICON OFFSHORE BERHAD
Quarterly rpt on consolidated results for the financial period ended 31/3/2014
Quarter: 1st Quarter
Financial Year End: 31/12/2014
Report Status: Unaudited
Submitted By:
Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period
31/03/2014 31/03/2013 31/03/2014 31/03/2013
RM '000 RM '000 RM '000 RM '000
1 Revenue 80,067 65,300 80,067 65,300
2 Profit/Loss Before Tax 19,697 4,049 19,697 4,049
3 Profit/Loss After Tax and Minority Interest 19,500 3,118 19,500 3,118
4 Net Profit/Loss For The Period 19,500 3,118 19,500 3,118
5 Basic Earnings/Loss Per Shares (sen) 0.08 0.01 0.08 0.01
6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00
As At End of Current Quarter As At Preceding Financial Year End
7 Net Tangible Assets Per Share (RM) 1.5500 1.4800

even tmakmur is going up...

very sad...

but this company got profit n PE also very low....

when will this stock move up??

Announcement this Friday

announcement coming out soon...

primex...laugh die me. hmmm that sound like somebody we know..wakakaka

come friday the price will go up...

optimus1998 go play at other forum, dont kacau here

Buy (upgrade)

Target price: RM2.50
DATASONIC has proposed to acquire 30% of Fuelsubs House Sdn Bhd (FHSB) for RM10mil, subject to the latter securing the mandate to manage the national fuel subsidy programme.
RHB Research said this confirmed previous media speculation and came as a positive surprise. It upgraded the stock to “buy” (from neutral) and raised its fair value to RM2.50 (from RM2.04) to factor in potential earnings contributions from this contract come the 2016 financial year.
Out of the RM10mil, RM7mil could be injected into FHSB as working capital while the remainder would be paid to the existing shareholders.
In RHB Research’s view, Datasonic would be roped in as the technology partner, given its proven track record in providing MyKad and photopages of national passports to the Government.
It believed this acquisition would lead to MyKad being designated as the official card to help facilitate the execution of the fuel subsidy programme.
If this programme can save the Government as much as RM9.8bil per annum, as reported by the media, RHB Research said it expected FHSB to be paid at least 2%-3% of the potential savings.
Pegging a net margin of 40% to potential annual revenue of RM200mil-RM300mil, RHB Research estimated that the fuel subsidy programme, if it materialised, could bring in an additional RM24mil-RM36mil to Datasonic’s bottom line on a full-year basis.

Maintain Buy on Icon with TP of RM2.20 based on 16x FY15 P/E. The
stock is catalysed by the following:- 1) diversification into lucrative
deepwater segment with minimal local competition, 2) advantage over
peers in terms of fleet age, margins, scale, long term earnings visibility,
and utilisation, 3) active fleet expansion of 7 new OSVs by 1Q16, and 4)
robust balance sheet for fleet expansion or renewal (FY15f net gearing:
0.4x).
Figure 1:

fortunebullz n crawler r send here to make people panic...

hey fortunebullllz is back, long time no see :p