hmm...interest expense was not far off from corresponding period either in fact a bit lower. What worried me now is how much Msia crude oil 136k prd cuts on May and June affecting Icon's osv earning since about 70% income generated from local ops, I believe it's concerning. Moreover, large portion of last quarter earning was from the on-off debt restructuring exercise which we won't see again in coming Q. Without that it could've registered lower profit from prev Q. *sigh*. I probably won't sleep well in the until next news.

I wonoder why money still pouring into sectors liike tourism, airlines which were badly affected esp during mco

I expect Q2 result will be blistering red for most companies except those in tech and health. industry.

yep, collect now and get ready to cash out on next Q promising result.

I glanced thru its historical financial summary, I don't find any evidence which could contributing significantly to both revenue and earning for next Q apart from recent plunge on crude oil price (which rebound to stabilize at USD40 in relatively short period - has less effect on upstream), possibly operational impairment during MCO (O&G is essential service) and lack of new contracts unless I am missing something. Other than that everything look lean after debt restructuring and taking big hit on asset impairment in prev Q resulting operational cost reduction in the following and coming Qs. At this point I am positive Icon would register decent profit in coming Q instead of loss. I'll keep digging.

Tahnks BanglaMan. Care to share some thoughts of why it would be at loss next Q?

BanglaMan O&G is seems bullish with the recent IPOs like RL in spite of CAPEX spending cuts by oil majors & Petronas alike. Crude price has been stabilized recently which I believe due to OPEC+ prd cut measures and major economies re-opening with promising vaccines trial results. With this in mind, Icon could possibly fetch it past glories at least 52 weeks high price.

BanglaMan Sebulan or so is just about right. I have good feeling on coming QR2 result due existing to long term contracts as Icon is less likely be affected by Crude oil price or/and incoming good news like Perisai deal. I bought at slightly higher.

Price is inching up. Keep it up people.

BanglaMan Please advise us when is the time to buy or at least estimation? Bearish patterns are disappearing and some bullish patterns have showed up recently. It is almost at oversold level. We need to get out from the glut for not listening to you. tq.

Look like sharks is pushing prices down to eat small fishes alive. See small volume but high frequencies of buying throughout they day. You can see sharks are eating all day long. Don't fall prey to them. my 2 cents.

Bursa rejecting all orders. Service disruption!

what happened?

https://www.theedgemarkets.com/article/supercomnet-technologies-wired-medical-device-market-growth

Conned in advance.

Early minutes price went up 0.750 with volume over 12mil and quickly plunged to 0.525. That hurts!

Sell off post ex-date. Will be back for TP 1.63 or higher

Last QR was slightly better because higher CPO price. Better next QR but nothing extraordinaire. Not going far unless you're willing to go long term.

today is the day

yes

today

coming...

afternoon gap up

sleeping for AGES

AGM 10am

Oil price settles higher on improving US gasoline demand -
TheStar

Surge in hotel reservations - Nancy Shukri

testing 1.3 today

No clear indication, hmmm...

"There is no clear indication what is driving the sharp interest in PDZ. But according to Inter-Pacific Securities Sdn Bhd's head of research Victor Wan, the share spike could possibly be driven by the forward expectation of economic recovery, as well as the company's earnings growth."...

DJI to rebound, scomnet to fly tommorow

Strong last 3 days rally with good volume

India’s June edible oil imports up 64%

...talk for AGES...haha

profit taking

skyrocket

https://www.bernama.com/bm/news.php?id=1857885

no news no power

"PP101 had bagged a three-year contract from Petronas Carigali in 2014 and was extended in December 2019. But, it is unclear how long the contract will be."...

"It is learnt that the purchase of PP101 is free from debt and will include the Petronas’ license plus a working team to operate the jack-up rigs."....

lotsa news but slothy movement

I am sensing this stock is picking up on construction sector rebound with the govt effort to reboot on mega projects such as ecrl, hsr, national fiberization & connectivity plus semicon sales etc.

Last QR is a turning point. Icon has a couple long term contracts.

QR looks good. Buying more...