ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.28

Today's Change

+0.11 (9.40%)

Day's Change

1.12 - 1.29

Trading Volume

8,347,300


11 people like this.

12,148 comment(s). Last comment by LY Hoh 17 hours ago

bulldog

12,157 posts

Posted by bulldog > 2018-10-02 17:08 | Report Abuse

Tomolo qsell@16.5

Crasd123

729 posts

Posted by Crasd123 > 2018-10-02 19:31 | Report Abuse

Buy 0.14

shah5105

21 posts

Posted by shah5105 > 2018-10-02 20:43 | Report Abuse

@spyron, your prediction so good.
i also study on this chart.
finally, retrace back to 0.160 level.
tomorrow might sell price open at 0.165/0.170 only.
then will try again break 0.175,if keep fail, this stock will go back to previous lowest price ever.

KML889

1,092 posts

Posted by KML889 > 2018-10-02 21:33 | Report Abuse

Not before long, all osv sector will rise again on osv themes play

poseidon80

1,030 posts

Posted by poseidon80 > 2018-10-02 22:58 | Report Abuse

This is flushing out , I’m pretty sure it will break that high.. history will repeat itself like what happen last year. TA also shows the same. Those whose collected at 0.130-0.145 last week u can take profit or wait for bigger profit( up to you) I strongly believe it will go beyond 0.200, this month just started . Happy trading everyone

bulldog

12,157 posts

Posted by bulldog > 2018-10-03 11:56 | Report Abuse

15 coming.

Posted by Feizal Mazlan > 2018-10-03 13:37 | Report Abuse

Go go down further.... Then buy later. Hehehe

shah5105

21 posts

Posted by shah5105 > 2018-10-03 21:43 | Report Abuse

it totally gonna go to lower price previously.
0.140~0.150.
maybe floating few week before try to break resistance 0.175 price as well.

poseidon80

1,030 posts

Posted by poseidon80 > 2018-10-04 12:02 | Report Abuse

We noticed the support at 0.155 , re entry point guys.. don’t miss it..

shah5105

21 posts

Posted by shah5105 > 2018-10-05 10:31 | Report Abuse

@spyron.
again.
your prediction super power.
retrace back to all price.
want to buy, let quee buy at 0.140/0.145

Oil_n_Gas

314 posts

Posted by Oil_n_Gas > 2018-10-05 15:55 | Report Abuse

Brent USD 85 if no gain better sack Icon BOD. Ask i3 members or shareholders takeover haha.

Oil_n_Gas

314 posts

Posted by Oil_n_Gas > 2018-10-10 04:40 | Report Abuse

Brent USD 84.8.

azhargoth

84 posts

Posted by azhargoth > 2018-10-10 15:21 | Report Abuse

Icon got nothing to do with up and down of oil price la bro..they are a support provider under O&G. They need new contracts awarded.

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-10-15 09:49 | Report Abuse

ready for 3rd attempt to break resistance

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-10-15 10:17 | Report Abuse

will break 0.175 soon....watch

newbe8888

29 posts

Posted by newbe8888 > 2018-10-16 10:46 | Report Abuse

sifus I heard Brent USD 80+. Does Icon produce oil? If no why not JV(who partner can sifus suggest?) to produce oil?

Posted by SuisseCheese > 2018-10-17 09:18 | Report Abuse

Barakah looking at suspension of trading. How will it impact Icon?

IconOK

2 posts

Posted by IconOK > 2018-10-24 16:14 | Report Abuse

No1 in i3 holding or most are sharks? Why so long no posts?

IconOK

2 posts

Posted by IconOK > 2018-10-24 16:16 | Report Abuse

I buy 13 sen. Who sell so low dare to answer?

bulldog

12,157 posts

Posted by bulldog > 2018-10-31 10:01 | Report Abuse

Icon coming...

snwong13

717 posts

Posted by snwong13 > 2018-11-03 11:19 | Report Abuse

.
Yes, hope some "good" news for ICON.
Once nearly done with VELESTO, now possible another round "TALK"!!

http://www.theedgemarkets.com/article/budget-mof-helm-special-special-task-force-review-role-and-function-mofowned-firms-and

Manteh110

302 posts

Posted by Manteh110 > 2018-11-03 22:06 | Report Abuse

Can buy icon?

mikeann

823 posts

Posted by mikeann > 2018-11-08 17:07 | Report Abuse

Icon has been consolidating for a long time at 0.13. Rebound imminent. First resistance at 0.15

bulldog

12,157 posts

Posted by bulldog > 2018-11-08 17:59 | Report Abuse

Get ready

Posted by OPR_must_cut > 2018-11-09 11:01 | Report Abuse

Cut OPR today Icon can gain why not good?

mikeann

823 posts

Posted by mikeann > 2018-11-12 20:04 | Report Abuse

Crude oil price rebounding . Oil related stocks will go up

Posted by idoformoney > 2018-11-13 16:18 | Report Abuse

adakah icon akan terkesan apabila minyak di apungkan di malaysia ini?

bulldog

12,157 posts

Posted by bulldog > 2018-11-16 18:39 | Report Abuse

Icon coming....

samsmb

85 posts

Posted by samsmb > 2018-11-22 11:59 | Report Abuse

this is really con company. ipo 1.8 tak pernah naik at all. just keep droping.. puik

samsmb

85 posts

Posted by samsmb > 2018-11-22 12:01 | Report Abuse

should be PN 17 soon

bulldog

12,157 posts

Posted by bulldog > 2018-11-23 15:57 | Report Abuse

Qbuy@11

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-11-26 20:22 | Report Abuse

Fuck up counter.bloody scam counter.why at the first place BURSA allowed this counter to go on listing.With tabung haji & ekuinas as major shareholders & overprice IPO pump and dumped to public I urged BURSA to apprehend those involved just like what Isa samad is facing now.With this 3rd quarter results just released anothet downfall again.Those involved will get their retribution soon.

Change_

252 posts

Posted by Change_ > 2018-11-26 22:41 | Report Abuse

Only CFO change but not CEO and chairman. Why? Still miss BN days is it?

BigDaddyCool

1,806 posts

Posted by BigDaddyCool > 2018-11-27 00:10 | Report Abuse

This country is in a mess.When you put a crook to spearhead a public listed company with 5 years continuos losses of public fund with huge pay check..then its like a ponzi scheme duping many malaysians.Look at FGV..IRIS..LITYAN.
THHEAVY...most of the shareholders.is TAbung Haji..funds from pilgrmage depositors vanished into stupidty of wrong investment.BURSA should penalise severely on this malpractice.A really sad and shameful day

bulldog

12,157 posts

Posted by bulldog > 2018-11-27 15:49 | Report Abuse

Qbuy@10 bargain hunting

Icon8

737 posts

Posted by Icon8 > 2018-11-29 02:57 | Report Abuse

Can Icon buy over Murphy Oil? Pls ask Ekuinas or govn to support financially.

Icon8

737 posts

Posted by Icon8 > 2018-11-29 02:57 | Report Abuse

Murphy Oil said to be in talks to sell Malaysian oil & gas assets
https://www.thesundaily.my/business/murphy-oil-said-to-be-in-talks-to-sell-malaysian-oil--gas-assets-XM178635

5354_

4,754 posts

Posted by 5354_ > 2018-11-30 15:40 | Report Abuse

So 10 sen done?

bulldog Qbuy@10 bargain hunting
27/11/2018 15:49

5354_

4,754 posts

Posted by 5354_ > 2018-11-30 15:43 | Report Abuse

Why govn no White Paper on Icon like Felda? Ekuinas not under Azmin Ali?

5354_

4,754 posts

Posted by 5354_ > 2018-12-01 11:00 | Report Abuse

Nobody read QSR CFO join Icon? What he will do here or why he want to join lousier company like Icon ?

5354_

4,754 posts

Posted by 5354_ > 2018-12-04 04:03 | Report Abuse

Tabung Haji in news lately is true. How much is their loss in Icon(no 2 shareholder)? Why both PH and earlier BN does nothing?

BigDaddyCool This country is in a mess.When you put a crook to spearhead a public listed company with 5 years continuos losses of public fund with huge pay check..then its like a ponzi scheme duping many malaysians.Look at FGV..IRIS..LITYAN.
THHEAVY...most of the shareholders.is TAbung Haji..funds from pilgrmage depositors vanished into stupidty of wrong investment.BURSA should penalise severely on this malpractice.A really sad and shameful day
27/11/2018 00:10

Posted by Mikez Ong Lin Seang > 2018-12-04 11:18 | Report Abuse

@Spyron_09 and @poseidon80 ... how r u guys doing ?? did this counter even cross 0.18 ??
faster go loan big chunks from bank and average ur price with 0.1 =)

Posted by commonsense > 2018-12-06 14:40 | Report Abuse

After the a number of contracts won in the first half of this year, most investors would have think that Icon financials would start to turnaround and to post profits. Some of the contract awarded this year were:

1) 3 years (with another 3 years option) contract worth RM169mil to support a group of oil & gas companies in Malaysian waters
2) Provide 2 supply vessels for Exxon worth RM 106mil
3) 3 year contract from Hess to supply 1 utility vessel worth RM23mil

The 3Q18 result was really a negative surprised to the market not just because it failed to record any profit but also the quantum of the loss of more than RM11mil (should have been worst if not for the RM1.7mil forex gain).

What is more worrying is the balance sheet of the company that currently has debts of more than RM 670mil ( of which RM340mil is current debt) and cash reserves of only RM44mil.

If the situation continues, investors need to be prepare for a potential capital raising exercise.

Those that are interested to buy into this company, i would advice you to wait till management has provided a clearer picture on how it will tackle their cash flow needs going forward.

For those looking to diversify their portfolio outside of the O&G industry, i would recommend them to look at MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.6x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope Icon management has something more concrete to present to its shareholders on how it will turnaround the company back to a more sustainable financials.

Good luck

Icon8

737 posts

Posted by Icon8 > 2018-12-07 16:26 | Report Abuse

Buy more. Ekuinas is owned by govn sure they will protect Icon.

change1

27 posts

Posted by change1 > 2018-12-18 12:26 | Report Abuse

Change govn no use? Back to BN or new party?

change1

27 posts

Posted by change1 > 2018-12-18 12:26 | Report Abuse

Change CFO no use? How abt change CEO/chairman/BOD next?

signalmw

3,314 posts

Posted by signalmw > 2018-12-18 13:37 | Report Abuse

Pn7?

Posted by IconForever > 2018-12-22 05:13 | Report Abuse

i wonder who has so many shares to dump !!
https://klse.i3investor.com/servlets/cube/post/537526180.jsp

Posted by IconForever > 2018-12-22 05:19 | Report Abuse

Govn want to claim RM 31 billion from Goldman Sach for 1MDB. How abt us con by Icon can claim from who?

Malaysia seeks RM31.3bil in reparations from Goldman Sachs
Read more at https://www.thestar.com.my/news/nation/2018/12/21/malaysia-seeks-7_5bil-in-reparations-from-goldman-sachs/#AFKXfUTO2ikp2RWH.99

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