Posted by speakup > 2014-05-31 10:06 | Report Abuse

ICON & ALAM same business. Comparing ICON & ALAM fundamentals, it is obvious ALAM is better than ICON.

ALAM
----
PE 17.0x
EPS 9.1
NTA rm0.78
Gearing 0.52x
Vessels fleet 44
Price about rm1.55


ICON
----
PE 19.2x
EPS 9.65
NTA rm0.85
Gearing 0.65x
Vessels fleet 34
Price about rm1.85

Posted by almufathal > 2014-05-31 11:50 | Report Abuse

New ipo has different aura

Posted by DRwarrant > 2014-05-31 11:56 | Report Abuse

yesss , mr almufathal....new IPO has BIG UMPHHHHH $$$$

I think people prefers new IPO ICON offshore , afterall ICON is a GLC - Government Link Company @ EQUINAS ( government agenda ) , so money will be no problem - oso - preferred by PETRONAS.
so brighter @ shining future with ICON offshore , easily to get government projects , especially from cash cow@ rich PETRONAS !!

Posted by almufathal > 2014-05-31 12:36 | Report Abuse

@Dr warrrant....still remember petra energy....the price went up ar rm5 on the opening....crazy...crazy

Posted by Jane1111 > 2014-05-31 13:01 | Report Abuse

Stock code for icon offshore is ICON? But unable to find it from the stock market. Any idea?

Posted by racktorick > 2014-05-31 13:32 | Report Abuse

Not yet listing, so cannot find. Possible ?

Posted by paoblocrk > 2014-06-01 17:11 | Report Abuse

after normalisation it is 24 PE.... if you use the prospectus ... Anyway.... any comments ok ICON? Who is in oil and gas industry and know about this company?

Posted by mrbullocks > 2014-06-05 00:30 | Report Abuse

RHB Research / 04-06-2014
Icon Offshore Berhad : Pure-Play With Well-Deserved Scarcity Premium
We value Icon at MYR2.10 (16x FY15F P/E). We believe it deserves to
trade close to the selectively rich valuations of pure-play peers from its
listing FY15F P/E of 14x. Our valuations are supported by: i) scarcity
premium, ii) fleet expansion, iii) young fleet, iv) high utilisation rate, and
v) visibility from long-term charters. Icon is also a potential deepwater
play. We estimate FY14F/FY15F profit growth of 22%/42%.

Posted by speakup > 2014-06-05 07:57 | Report Abuse

If ICON worth rm2.10, then ALAM should be worth rm2.20 since ALAM PE is lower, gearing is lower, fleet size is bigger.

Posted by sklyte > 2014-06-05 08:06 | Report Abuse

Agree with speakup, topped up alam now ! Sure will get rewarded soon! This end month tp 1.80!

Posted by paoblocrk > 2014-06-09 10:28 | Report Abuse

Hm... just passed by Icon Offshore Sdn Bhd shop in Kemaman yesterday. It is a 2 storey corner shoplot near the traffic light..... wonder where is the headquarters.... Who is oil and gas, share a bit of knowledge about Icon?

Posted by speakup > 2014-06-09 10:54 | Report Abuse

HQ is near KLCC.

Posted by speakup > 2014-06-09 10:54 | Report Abuse

not in KLCC but near KLCC

Posted by DRwarrant > 2014-06-10 06:06 | Report Abuse

sure a hot & bombastic IPO $$$$ , now talk of the nation $$$$

Posted by jolie2 > 2014-06-10 06:42 | Report Abuse

another conman counter. But this is the sifu of all sifu conman stk. Haven't listed, start conning.

Posted by DRwarrant > 2014-06-11 05:57 | Report Abuse

sure huarttttt...$$$$
TP RM 3.80 .no problem

## even the not so good ipo 7 - eleven still going up

Posted by akuree > 2014-06-11 06:50 | Report Abuse

Date of list????

Posted by supremekk > 2014-06-11 10:23 | Report Abuse

http://www.themalaysianinsider.com/business/article/icon-offshore-ipo-oversubscribed-by-over-15-times

Posted by gelita > 2014-06-11 15:20 | Report Abuse

Icon balloting result detail....by Public & Bumi category.

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/F54BEFA40C07DA8A48257CF30038E0B2/$File/PRESS%20RELEASE.pdf

Posted by mrbullocks > 2014-06-11 15:24 | Report Abuse

any of you ada kena?

Posted by gainkawkaw > 2014-06-11 16:10 | Report Abuse

kne 20 lot.....

Posted by yuanlong57 > 2014-06-11 16:14 | Report Abuse

congrats, gainkawkaw.

Posted by gainkawkaw > 2014-06-11 16:16 | Report Abuse

hope to gainkawkaw....thanks yuanlong57

Posted by Lollipot Anison > 2014-06-11 18:27 | Report Abuse

result out already? mine still showing pending

Posted by sklyte > 2014-06-11 20:26 | Report Abuse

target price RM2.30, buy buy buy

Posted by sklyte > 2014-06-11 20:29 | Report Abuse

BUY ALAM AND ICON!!!! WILL BE NEXT UMWOG, UP RM1

Posted by tcyee > 2014-06-11 21:17 | Report Abuse

i struck 20 lots

Posted by riff > 2014-06-11 21:23 | Report Abuse

congrats tcyee, huat arr

Posted by Tiong Yong Soon > 2014-06-11 21:45 | Report Abuse

how to know whether strike or not?

Posted by yuanlong57 > 2014-06-11 23:36 | Report Abuse

Tiong,if you apply via internet,e-ipo, log in your bank under investment to check status.

Posted by yuanlong57 > 2014-06-11 23:39 | Report Abuse

Forum buddies who got durian runtuh,untung kaw,kaw tambah krim ye

Posted by tcyee > 2014-06-12 02:31 | Report Abuse

partial refund has been credited back into my account - minus the amount for 20000 shares @ rm 37000

Posted by DRwarrant > 2014-06-12 04:14 | Report Abuse

kaw kaw falling durian = durian runtuh $$$$$

Posted by speakup > 2014-06-12 07:54 | Report Abuse

10% buta money for those who got the shares.

Posted by ykgykg > 2014-06-12 08:01 | Report Abuse

Market sentiments play important role !

Posted by speakup > 2014-06-12 08:45 | Report Abuse

very hard to get this one.

Posted by mysaham > 2014-06-12 09:02 | Report Abuse

tak dapat, all money refunded back.

Posted by aiman168 > 2014-06-12 09:04 | Report Abuse

i tak dapat

Posted by aiman168 > 2014-06-12 09:05 | Report Abuse

ci la ka toi

Posted by DRwarrant > 2014-06-12 09:53 | Report Abuse

BIG LUI @ angpows even jackpot guaranteed $$$$$$$
now ICON offshore talk of the town worrr $$$$

Posted by mrbullocks > 2014-06-12 10:34 | Report Abuse

ZERO success haha

Posted by DRwarrant > 2014-06-12 10:42 | Report Abuse

TP @ Target Price RM 3.80 ++ $$$$$$$$$$$$$$$

Posted by speakup > 2014-06-12 10:49 | Report Abuse

if ICON rm3.80, ALAM will be > rm3!

Posted by DRwarrant > 2014-06-12 10:50 | Report Abuse

ICON offshore a NEW darling , MORE UMPPHHHHHHHHHHHHH $$$$$$

Posted by sklyte > 2014-06-12 11:14 | Report Abuse

Dr warrant = DR KIM in investlah hahahha

Posted by ktrader > 2014-06-12 11:16 | Report Abuse

yup....he's very proud with his doctorate in ECO101, hehe....

Posted by mysaham > 2014-06-12 11:49 | Report Abuse

tak dapat ICON beli ECON pulak

Posted by DRwarrant > 2014-06-12 11:55 | Report Abuse

many are so hungry to get a slice of ICON offshore ,,,,$$$$$
finger crossed $$$$$$$$$$

Posted by DRwarrant > 2014-06-12 13:50 | Report Abuse

black market price for ICON offshore now RM 3.30...$$$$

Posted by DRwarrant > 2014-06-12 20:59 | Report Abuse

ICON offshore >> to be another bombastic IPO $$$$$$