Posted by 5354_ > 2019-02-26 04:23 | Report Abuse

Brent crude oil could easily rise into the $70-$75 per barrel trading range in the coming months, Goldman Sach says.
https://www.cnbc.com/2019/02/25/oil-may-soon-hit-75-goldman-warns-but-the-rally-wont-last-long.html

Posted by fl888 > 2019-02-26 08:09 | Report Abuse

Tp 13 also cannot reach. ...

Posted by Ron90 > 2019-02-26 11:30 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/06/29/icon-offshore-share-surge-21pc-on-og-deal/

enter recently to expect this coming result 4/2018 much better and green on wards

Posted by bovunbursa > 2019-02-27 19:47 | Report Abuse

Huge losses

Posted by birkincollector > 2019-02-27 20:00 | Report Abuse

lol......ron9 kena burnt

Posted by pasarku > 2019-02-27 20:08 | Report Abuse

Total loss

Posted by apolloang > 2019-02-28 00:09 | Report Abuse

another perisai in the making

Posted by fl888 > 2019-02-28 05:00 | Report Abuse

Sure calll for ri or pp to support its rm275 million OG contract ..?....

Posted by Undi_PSM > 2019-02-28 08:44 | Report Abuse

Under PH and new CFO this is the result? Hidup PSM in Semenyih.

Posted by BigDaddyCool > 2019-02-28 08:44 | Report Abuse

RIP icon.....a total CON company...IPO 1.85 now making losses q to q....

Posted by Undi_PSM > 2019-02-28 08:47 | Report Abuse

fl888 you better die with PH haha.

Posted by Undi_PSM > 2019-02-28 09:21 | Report Abuse

KNM bigger loss 9 sen. Something wrong with PH govn.

Posted by Undi_PSM > 2019-02-28 09:30 | Report Abuse

Under PH BOD no need change even lousy?

Posted by fl888 > 2019-02-28 09:47 | Report Abuse

Undi-PSM will die due to his karma remarks ,,,,,,,time will tell....

Posted by Crasd123 > 2019-02-28 10:21 | Report Abuse

Icon duture rm8.8

Posted by birkincollector > 2019-02-28 13:37 | Report Abuse

Lol 8.8?? If there are 100 KYY buying. Lol

Posted by Crasd123 > 2019-03-02 10:28 | Report Abuse

Future rm90

Posted by fl888 > 2019-03-02 14:40 | Report Abuse

Will Petronas Carigali be the White Knight for Icon ?

Posted by fl888 > 2019-03-02 14:40 | Report Abuse

Will Petronas Carigali be the White Knight for Icon ?

Posted by IconForever > 2019-03-02 14:42 | Report Abuse

New CFO is from QSR(KFC). Possible QSR RTO?

Posted by newbie2018 > 2019-03-03 12:48 | Report Abuse

KNM bigger loss than Icon why can up? Is it promoters in Icon lousy?

Posted by fl888 > 2019-03-03 15:52 | Report Abuse

Looks like Icon may join the PN17 gang as their shareholder equity is below the 25% threshold KLSE standard ...

Posted by IconForever > 2019-03-05 20:46 | Report Abuse

No wonder drop. fl888 non shareholders lousy posting. Why not sell off your Icon and stop postings here?

Posted by 5354_ > 2019-03-06 09:04 | Report Abuse

Sultan Brunei in KL last 2 days and part of Icon business is from Brunei. Will Tun M(M'sia) request Sultan Brunei help increase Icon business activity in Brunei?

Posted by fl888 > 2019-03-06 09:16 | Report Abuse

Like this , got hope for Icon to fly back to 15. Hahaha..

Posted by birkincollector > 2019-03-06 15:19 | Report Abuse

Recovering very strong!

Posted by VerySmallFish > 2019-03-07 09:17 | Report Abuse

Move in?

Posted by Hidup_Anwar > 2019-03-07 09:38 | Report Abuse

10 sen max? Why not Anwar PM?

Posted by snwong13 > 2019-03-07 19:45 | Report Abuse

.
Be prepared!
Know who are the major shareholders.
Today it ran to 10 sen!

Posted by Oil_n_Gas > 2019-03-09 09:23 | Report Abuse

A more vibrant outlook seen for upstream O&G
Read more at https://www.thestar.com.my/business/business-news/2019/03/09/a-more-vibrant-outlook-seen-for-upstream-og/#OceSfefCdm86qFA1.99

Posted by 5354_ > 2019-03-14 04:08 | Report Abuse

Brent USD 67.67.

Posted by 5354_ > 2019-03-14 04:09 | Report Abuse

Ten years before known oil, gas reserves run dry
https://www.malaysiakini.com/news/467781

Posted by 5354_ > 2019-03-14 04:11 | Report Abuse

The ministry told the Dewan Rakyat today that Petronas will have to continue exploration efforts domestically and abroad in order to ensure Malaysia's fuel supply was sustainable
https://www.malaysiakini.com/news/467781

Posted by fl888 > 2019-03-14 06:11 | Report Abuse

Looks like Icon will hit TP 15 easily...

Posted by fl888 > 2019-03-14 08:18 | Report Abuse

Too quiet and somebody collecting silently,,,to blow ICON up up up....hopeffully today....

Posted by stocking > 2019-03-14 09:38 | Report Abuse

slowly collecting

Posted by Undi_PAS > 2019-03-15 09:43 |

Post removed.Why?

Posted by Undi_PAS > 2019-03-15 10:03 | Report Abuse

Why BN can approved IPO RM 1.85 worth only 10 sen today? If Pas the govn today sure revoke IB license who approved Icon IPO.

Posted by Flyinghorse > 2019-03-18 09:28 | Report Abuse

Going down now....0.100

Posted by IconForever > 2019-03-18 12:29 | Report Abuse

Many day traders here? Why no good postings to protect?

Posted by IconForever > 2019-03-18 12:30 | Report Abuse

Attack haters postings why no balls? Pondans ka?

Posted by Undi_PAS > 2019-03-18 16:04 |

Post removed.Why?

Posted by Undi_PAS > 2019-03-18 16:35 | Report Abuse

Under Pas who approved rubbish IPOs' the bankers must give interest free loan.

Posted by fl888 > 2019-03-18 16:43 | Report Abuse

Crazy Impairment provision for last qtr which mean Icon has been buying Scorpene Submarine vessels for what...

Posted by commonsense > 2019-03-19 14:51 | Report Abuse

Investors that are hoping for a turnaround of this company result might be better off looking elsewhere. Even though the O&G industry in general has started to turnaround, the same could not be said to the OSV industry. Given the still oversupply environment of vessels, it is highly unlikely that the charter rate and utilisation rate will improve that much which will only means further depressing financials for companies like Icon.

As of Dec 18, the total shareholders equity was a mere RM66.2mil which represent only 7.4% of its paid-up capital. Icon should have actually been already classified as a PN17 company as the shareholder’s equity is way below the 25% threshold level. Not sure why this is not the case.

If you are looking to hedge your portfolio outside of Icon Offshore (due to its weak earnings outlook and risk of being classified as PN17), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.6x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.5x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.

Posted by AntiPondan > 2019-03-20 12:26 | Report Abuse

Why so many pondans? Attack commonsense and fl888 no balls?

Posted by Hidup_Anwar > 2019-03-20 15:21 | Report Abuse

We wants Anwar PM. Tun M pls resign.

Posted by Mabel > 2019-03-21 12:47 | Report Abuse

Princess Icony has a very interesting back ground. So many Prince and White Knights came to the rescue, they came they saw. Unfortunately, they all perish..

Looking forward to see the next knights that will save this Princess.

Posted by fl888 > 2019-03-21 13:42 | Report Abuse

commonsense, u should know why it is not under PN17.. because Lembaga Tabung Haji and related parties subscribed heavily in IPO at RM1.85....and now only 9...see FGV..and the likes

Posted by lextcs > 2019-03-22 15:34 | Report Abuse

another ekuinas stks ready to pounce