Posted by 5354_ > 2019-12-13 09:54 | Report Abuse

50:1 share consolidation not under Capt Hassan Ali as CEO proposed?

Posted by tkl88 > 2019-12-13 12:27 | Report Abuse

S&P 500 jumps to record as US and China get set to finalize ‘phase one’ trade deal
https://www.cnbc.com/2019/12/12/stock-market-us-china-trade-war-and-fed-in-focus-on-wall-street.html
PUBLISHED THU, DEC 12 20192:35 AM Fred Imbert

The S&P 500 gained 0.9% to end the day at 3,168.57, notching a record close. The Nasdaq Composite also posted an all-time closing high, rising 0.7% to 8,717.32. The Dow Jones Industrial Average closed 220.75 points higher, or 0.8% at 28,132.05. All three of the major averages reached intraday records, their first since Nov. 27.

U.S. negotiators have the terms of the deal ready for President Donald Trump’s review. CNBC confirmed reports from earlier in the day that said U.S. negotiators are offering to cancel new China tariffs and reduce existing levies on Chinese goods by up to 50% on $360 billion worth of imports. The latest trade news comes ahead of a key Sunday deadline. If an agreement is not reached by Sunday, additional U.S. levies on Chinese products will take effect.

Trump said in a tweet earlier in the day both sides were getting “VERY close to a BIG DEAL with China.” They want it, and so do we!” The major indexes hit record highs following Trump’s tweet.

“People are very optimistic here that all the risks cited are going away,” said Ilya Feygin, senior strategist at WallachBeth Capital. “It just seems like people who have been skeptical have been forced into the market.”

He noted that weekly inflows into equity ETFs have ranged between $6 billion and $8 billion in recent weeks.

Caterpillar shares jumped 1.9% on Thursday while Micron Technology advanced 3.5%. The VanEck Vectors Semiconductor ETF (SMH) and the iShares PHLX Semiconductor ETF (SOXX) both rose more than 2.5% and hit all-time highs.

Bank stocks also got a lift as Treasury yields rose. The SPDR S&P Bank ETF (KBE) climbed 2.9% and hit a 52-week high. J.P. Morgan Chase, Bank of America and Citigroup all closed at least 1.6% higher. The benchmark 10-year Treasury yield advanced to 1.896% while the 2-year rate was at 1.66%.

Stocks started December on the wrong foot as worries around U.S.-China trade relations increased. In the first two sessions of the month, the Dow lost more than 500 points.

The world’s two largest economies have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

Still, the major averages are up sharply for the year. The S&P 500 and Dow have jumped 26.4% and 20.6%, respectively, year to date. The Nasdaq is up around 31%.

Next year, however, should be tougher on Wall Street, CalSTRS CIO Christopher Ailman said.

“It will be choppy,” Ailman told CNBC’s Brian Sullivan in an interview that aired Thursday. “This is going to be another election year. Remember 2016? That was a really hard year where the market slugged it out to generate a positive return. We may have that kind of year because of all the rhetoric we’re going to hear.”



Walaoeh... US and China finally reached a “phase one” trade deal !!!
Hosei liao lar this this our stock market !!!
Market are so bullish now !!!
2020 onwards will be prosperous years !!!
KLSE going to break 2,000 points soon !!!
Huat ah ! Heng ah ! Ong ah !

Posted by Mabel > 2019-12-17 21:57 | Report Abuse

Syndicates are still collecting...

It's looking good..

Posted by tkl88 > 2019-12-18 17:56 | Report Abuse

Wow, what happend ?
Today KLSE spike up to 1,599,11 points (+22.16)(1.41%)
Like that by next week (end of 2019), KLSE probably will spike up to closed above 1,700 points liao lah !

Huat ah ! Heng ah Ong ah !

Posted by Ubah_ > 2019-12-19 09:21 | Report Abuse

Change CEO, govn for what purpose if worse is the result?

Posted by Ubah_ > 2019-12-19 09:21 | Report Abuse

Petronas for sale what not use RI to buy Petronas stake?

Posted by Ubah_ > 2019-12-19 09:34 | Report Abuse

When own Petronas(1-5%) more order books can Icon receive?

Posted by Oil_n_Gas > 2019-12-20 05:03 | Report Abuse

Oil Climbs to Three-Month High Amid Mixed Supply-Demand Signals
https://www.bloomberg.com/news/articles/2019-12-18/oil-rally-stutters-as-plentiful-gasoline-muddies-demand-outlook

Posted by monetary > 2019-12-20 07:53 | Report Abuse

why do the substantial shareholders want to b exempted from the proposal? Don't they worry their stakes being diluted? If prospect is good why don't they pump in more money?

Posted by Mabel > 2019-12-25 16:08 | Report Abuse

Here's why...

https://www.theedgemarkets.com/article/fabricators-biggest-winners-petronas-activity-outlook-20202022-says-kenanga-ib

KUALA LUMPUR (Dec 16): Kenanga Investment Bank Bhd Research has maintained its "Neutral" call on the oil and gas sector, noting that it is positive on the Activity Outlook for 2020-2022 by Petronas and feels comforted that upstream activities would continue to stay elevated from the surge in 2019.

In a note today, the research house identified the big winners from Petronas' Activity Outlook. Among them are fabricators (e.g: Marine and Heavy Engineering Holdings Sdn Bhd and Sapura Energy Bhd), which will benefit from the surge in numbers of wellhead platforms (WHPs).

Based on the Activity Outlook, Kenanga Research said marine vessel providers (e.g: Perdana Petroleum Bhd, Alam Maritim Resources Bhd, Icon Offshore Bhd and Coastal Contracts Bhd) will benefit from the huge rise in demand for offshore support vessels (OSVs).

Kenanga Research also highlighted that offshore players (e.g: Dayang Enterprise Holdings Bhd and Carimin Petroleum Bhd) will continue to enjoy increased maintenance, construction and modification work orders.

"Meanwhile, Velesto Energy Bhd, [whose] rig fleet are currently fully chartered out, is expected to continue to enjoy high utilisation rates amidst sustained drilling rig demand," it said.

Posted by monetary > 2019-12-25 16:50 | Report Abuse

4c there's no room to drop. once it's consolidated to $2 it will drop further when RI price announced.

Posted by Mabel > 2019-12-26 08:50 | Report Abuse

@monetary 4c there's no room to drop. once it's consolidated to $2 it will drop further when RI price announced.
25/12/2019 4:50 PM

Can you explain what you mean by this?

Posted by Mabel > 2019-12-26 08:51 | Report Abuse

Below Fair Value: ICON (MYR0.04) is trading below our estimate of fair value (MYR0.19)

Significantly Below Fair Value: ICON is trading below fair value by more than 20%.

Please see earlier posted Maybank Report

Posted by CharlesT > 2019-12-26 08:54 | Report Abuse

Mabel buy more...n wait for Maybank's TP...

Posted by Mabel > 2019-12-26 19:35 | Report Abuse

Collected enough already...

Now waiting to reap what was sowed...

Posted by monetary > 2019-12-27 09:43 | Report Abuse

nothing wrong fundamentally. m just predicting how the game is played.

Posted by Mabel > 2019-12-27 11:28 | Report Abuse

Cheers monetary !

Posted by tklim > 2019-12-29 15:46 | Report Abuse

NTA ......0.035

Posted by Mabel > 2019-12-29 23:53 | Report Abuse

REWARDS
Trading at 74.4% below its fair value

Earnings are forecast to grow 116.6% per year

RISK ANALYSIS
Highly volatile share price over past 3 months

Does not have a meaningful market cap (MYR59M)

Below Fair Value: ICON (MYR0.05) is trading below our estimate of fair value (MYR0.19)

Significantly Below Fair Value: ICON is trading below fair value by more than 20%.

116.6% Forecasted annual earnings growth

Earnings vs Savings Rate: ICON is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.4%).

Earnings vs Market: ICON is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ICON's is expected to become profitable in the next 3 years.

Revenue vs Market: ICON's revenue (5% per year) is forecast to grow slower than the MY market (5.7% per year).

High Growth Revenue: ICON's revenue (5% per year) is forecast to grow slower than 20% per year.

Short Term Liabilities: ICON's short term assets (MYR102.4M) do not cover its short term liabilities (MYR668.0M).

Long Term Liabilities: ICON's short term assets (MYR102.4M) exceed its long term liabilities (MYR38.3M).

Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable ICON has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ICON is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.1% per year.

Posted by monetary > 2019-12-30 09:38 | Report Abuse

move Liao!

Posted by monetary > 2019-12-30 15:08 | Report Abuse

@ Mabel. I changed my strategy. I think they won't miss the chance to goreng before share consolidation.

Posted by Miz Raya Bloom > 2019-12-30 16:09 | Report Abuse

Fair value 19 sen? Ku nengok boss baru mereka hadian yang dulu head sona. Dr gigi sudah tarak

Posted by Miz Raya Bloom > 2019-12-30 16:28 | Report Abuse

kaunter ini masa IPO dulu RM1.85, ku ingat lagi mereka beli kapal tanjong offshore

Posted by SK1200 > 2019-12-30 17:07 | Report Abuse

Kalau kaunter best, Miz Raya Bloom mesti ad..

Posted by Miz Raya Bloom > 2019-12-30 17:25 | Report Abuse

ICON ini masih under ekuinas?

Posted by monetary > 2019-12-30 17:50 | Report Abuse

bila lagi ada chance 4sen 5sen? 10 tahun? tak goreng tunggu apa?

Posted by Mabel > 2019-12-31 11:18 | Report Abuse

Yes Miz.. Masih dengan ekuinas and many big major shareholders..

Please scroll up.. I ada share sometime back

Posted by SK1200 > 2020-01-03 14:16 | Report Abuse

Engine start after lunch

Posted by Mabel > 2020-01-05 17:11 | Report Abuse

To those who have not collected, don't stop till you get enough....

https://www.youtube.com/watch?v=yURRmWtbTbo

Time to upgrade the menu for the New Year Eve...

Meow!

Posted by Mabel > 2020-01-06 09:58 | Report Abuse

Please don't fight against the wave...

You will perish...

Come and join this ship before it's too late...

Remember the story of Noah ?

Posted by monetary > 2020-01-06 11:31 | Report Abuse

suda mari!

Posted by SK1200 > 2020-01-06 11:59 | Report Abuse

Icon. Go go go

Posted by matg > 2020-01-06 12:30 | Report Abuse

yeah be an icon for bursa

Posted by ferdtwh > 2020-01-06 12:31 | Report Abuse

brother with "Alam maritime", if Alam up, this icon will up too

Posted by de_investor > 2020-01-06 16:48 | Report Abuse

icon wil follow shoot up 2moro....mayb limit up..hahaa

Posted by de_investor > 2020-01-06 16:50 | Report Abuse

upternd already for 2020 .....average Price Target: 0.42 by analyst....

Posted by de_yangtulor > 2020-01-06 17:33 | Report Abuse

Sure up...don mis a boat

Posted by monetary > 2020-01-06 17:59 | Report Abuse

they must goreng before share consolidation.

Posted by ferdtwh > 2020-01-06 20:06 | Report Abuse

When is share consolidation due date

Posted by monetary > 2020-01-06 20:29 | Report Abuse

multiple proposal is confirmed but no exdate being announced. will goreng in shortest possible time!

Posted by birkincollector > 2020-01-07 14:56 | Report Abuse

Lol trap

Posted by shuhai9610 > 2020-01-07 19:19 | Report Abuse

why trap?

Posted by simon6969 > 2020-01-07 22:11 | Report Abuse

Icon Offshore Bhd (-ve)

TRading of shares in Icon Offshore Bhd (fundamental: 0/3, valuation: 0.3/3), which closed half a sen or 9.09% higher at six sen yesterday, made it to our Stocks with Momentum list for the first time since early October 2018.

At the closing bell, the offshore support vessel player recorded a total trading volume of 56.84 million shares, over 12 times than the average 4.64 million shares it recorded in the past 200 days. The loss-making company aims to turn profitable by the 1Q of this year if its shareholders back its cash call exercise aimed at slashing its debt by over a third, to help strengthen its balance sheet, according to managing director Datuk Seri Hadian Hashim.

Hadian said the focus will then shift to rejigging its business model, while squeezing efficiencies to stay competitive.

In its FY18, Icon Offshore impaired RM419.9 million of its fleet’s net book value. That led to a net loss of RM449 million on a revenue of RM199.7 million, its biggest full-year loss amid record low revenue. The group has an order book of RM650 million.

Posted by tkl88 > 2020-01-08 10:37 | Report Abuse

Oil Prices Soar As Iran Fires Missiles At U.S. Base
By Tom Kool - Jan 07, 2020, 6:05 PM CST

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Soar-As-Irans-Retaliation-Begins.html

In what appears to be its first retaliation strike, Iran has claimed to have fired tens of ground-to-ground rockets at the Ain al-Assad military base in Iraq.

Reuters and AFP news agencies cite a U.S. official that confirms the strike, but also says that there’s no information yet on casualties or damage. Additional reports came in that a military base in Erbil, in the Kurdish part of Iraq has also been struck by ballistic missiles.

Major Iranian news agency ISNA reported early on Wednesday morning that "This morning, courageous fighters of the IRGC's Air Force launched a successful operation called Operation Martyr Soleimani, with the code 'Oh Zahra' by firing tens of ground-to-ground missiles at the base of the terrorist and invasive U.S. forces,"

The attacks come shortly after the Iranian clerical leadership vowed retaliation, with spiritual leader Ayatollah Khamenei suggesting the Islamic Republic would strike against U.S. forces in the region. According to a report from the New York Times, Khamenei showed up to a meeting of Iran’s National Security Council and laid down the conditions for a response to the slaying of Qassem Soleimani.

The oil market responded immediately with WTI jumping 4% before falling back slightly.

Posted by ferdtwh > 2020-01-08 22:46 | Report Abuse

Tomorrow can test 0.07 level ?

Posted by Will76 > 2020-01-09 09:53 | Report Abuse

Breaking News from CNBC

Oil sank after Trump said Iran “appears to be standing down” and that the U.S. would impose sanctions instead of another military strike as feared by some.

U.S. West Texas Intermediate crude dropped 4.9% to $59.61, its first time below $60 a barrel since Dec. 16.

Posted by pamie > 2020-01-09 16:48 | Report Abuse

Ferdtwh: many people expected today going to be very active and price to go up after low yesterday. But seems not. Price stagnant most day today. Huu

Posted by monetary > 2020-01-09 18:23 | Report Abuse

now trading at 0.05 - 0.06 band. considered upgraded.

Posted by simon6969 > 2020-01-09 23:14 | Report Abuse

小资本油气股营运现金流改善

另一方面，艾芬黄氏发现，在当前环境下，小资本油气股营运现金流改善程度较大资本股来得大，多数公司的净负债比均低于一倍，仅有EA科技（EATECH,5259,主板交通物流组）和柏达纳石油例外。

“尽管标志岸外现金流和债务缺口最为显著，但随着重组计划持续进行，大股东国家股份公司（Ekuinas）同意额外注资1亿8300万令吉来降低债务。”

世霸动力（SERBADK,5279,主板能源组）、沙布拉能源（SAPNRG,5218,主板能源组）和达洋企业（DAYANG,5141,主板能源组）营运现金流在2019财政年第二季出现下滑，而阿玛达情况也未拉响警报，主要是一旦公司重新定义15亿令吉的Kraken油田债务，净负债比也将随减记回拨完成而显著改善。

整体来看，艾芬黄氏研究认为，虽然去年布兰特原油平均下跌10%，但小资本油气股却在国油释出领域活动增加讯号下普遍走高，相信整体投资策略依旧完好，维持领域“中和”评级，市场焦点将继续落在升降式钻油井、岸外支援船舰、岸外维修与制造领域。

“我们更青睐小资本油气股，主要是盈利前景更好、经济环境低迷及监管变化可能对大资本油气股盈利带来风险。”

选股方面，艾芬黄氏表示，下游工厂维修和好转将有望扶持戴乐集团（DIALOG,7277,主板能源组）和世霸动力前景，而升降式钻油井需求攀升则有助提振VELESTO能源（VELESTO,5243,主板能源组）；阿玛达重估新闻和岸外支援船舰领域复苏也有助改善投资前景。

Posted by simon6969 > 2020-01-09 23:17 | Report Abuse

去年合约数量增37%

不过，尽管整个领域合约总值减少，但合约数量却按年增长37%，艾芬黄氏研究相信在高价的岸外架构及数项大型配套工程即将释出（其中一项为估值达40亿令吉的国油勘探提供综合连接和调试（图：星洲日报）IHUC（图：法新社）服务合约），看好油气业今年合约流持续蓬勃。

“与此同时，我们发现标志岸外（ICON,5255,主板能源组）、柏达纳石油（PERDANA,7108,主板能源组）、沿海工程（COASTAL,5071,主板能源组）和环境海事资源（ALAM,5115,主板能源组）去年合约显著增加，看好今年升降式钻油井、岸外支援船舰、岸外维修与制造需求将持续高企。”

此外，今年市场也可能释出更多的岸外架构制造合约，其中国油已为4个边际油田公开招标，并将在今年5月截止。