ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.30

Today's Change

+0.02 (1.56%)

Day's Change

1.22 - 1.31

Trading Volume

1,650,400


11 people like this.

12,150 comment(s). Last comment by mf 1 day ago

Posted by Ravin Cheema > 2014-08-21 12:26 | Report Abuse

sunshine that news around for a few days ady but still nothing... sedih

gelita

57 posts

Posted by gelita > 2014-08-21 14:51 | Report Abuse

Sangat slow ni counter.

salman

1,562 posts

Posted by salman > 2014-08-21 22:51 | Report Abuse

tomorrow this counter will start moving

tcw1134

25 posts

Posted by tcw1134 > 2014-08-21 23:02 | Report Abuse

I thick doto play slow motion .sabar.

sun88

9 posts

Posted by sun88 > 2014-08-22 11:42 | Report Abuse

WHY WHY!!! what happen to you?? so many good news came out one by one but you still in RED!? Lot people play penny stock but i'm still with you... so disappointing

AyamTua

13,598 posts

Posted by AyamTua > 2014-08-22 11:47 | Report Abuse

why headache and lament at 1.79? while GLOTEC very cheap at lelong price of 12sen only! kikiki DISCOVERY OF CENTURY!

Slimy

119 posts

Posted by Slimy > 2014-08-22 12:23 | Report Abuse

ICON is giving a life lesson on letting go ...

salman

1,562 posts

Posted by salman > 2014-08-22 14:49 | Report Abuse

" icon, today high is tommorow low" beli jangan tak beli

faisal

5 posts

Posted by faisal > 2014-08-23 13:49 | Report Abuse

bengong la in counter...

Azli

1,082 posts

Posted by Azli > 2014-08-24 14:48 | Report Abuse

It is just a matter of time..

Posted by winterspot > 2014-08-24 19:56 | Report Abuse

Hope will up up up!!

anbz

5,163 posts

Posted by anbz > 2014-08-24 20:05 | Report Abuse

I dont like tabung haji ... TH BS

Terenceguh

152 posts

Posted by Terenceguh > 2014-08-25 15:53 | Report Abuse

jual la...ini kaunter mana boleh...bazir korang masa...lebih baik punt penny stock

joerakmo

725 posts

Posted by joerakmo > 2014-08-25 18:57 | Report Abuse

results ....ouch....2.34 cents for half year!!

vic_amat87

606 posts

Posted by vic_amat87 > 2014-08-25 19:08 | Report Abuse

Didnt understand.. What it is mean?

vic_amat87

606 posts

Posted by vic_amat87 > 2014-08-25 20:34 | Report Abuse

Net profit 2Q up 301%!!

Terenceguh

152 posts

Posted by Terenceguh > 2014-08-25 21:05 | Report Abuse

yeah besok opening naik 2 cents haha...

Terenceguh

152 posts

Posted by Terenceguh > 2014-08-25 21:07 | Report Abuse

lepas tu....petang turun 3 cent...haha

Secrecy

748 posts

Posted by Secrecy > 2014-08-25 22:04 | Report Abuse

Amazing! I'm ready , how about my friends?

joerakmo

725 posts

Posted by joerakmo > 2014-08-25 22:09 | Report Abuse

I maybe looking at the wrong page....go look at the IPO doc and the paid up

Secrecy

748 posts

Posted by Secrecy > 2014-08-25 23:11 | Report Abuse

Joerakmo: are you ready ?

joerakmo

725 posts

Posted by joerakmo > 2014-08-25 23:23 | Report Abuse

Neutral on this.....looking at other fish!!...just a heads up.
hint half yr 27.5m...FY13 full yr 89.6m....other co's would have got rapped on the knuckles already(with this style of reporting)

faisal

5 posts

Posted by faisal > 2014-08-26 00:24 | Report Abuse

Bila mau naik niiiii .

AyamTua

13,598 posts

Posted by AyamTua > 2014-08-26 00:25 | Report Abuse

masuk glotec!!!!!!

joerakmo

725 posts

Posted by joerakmo > 2014-08-26 08:12 | Report Abuse

Go compare edge write up v bursa ann.

sun88

9 posts

Posted by sun88 > 2014-08-26 10:24 | Report Abuse

Lot of good new, but the price always show us negatively....

azizulma

30 posts

Posted by azizulma > 2014-08-26 11:37 | Report Abuse

kapal-kapal lansung x bolih belayar jauh...

speakup

26,565 posts

Posted by speakup > 2014-08-26 11:47 | Report Abuse

hard for icon to move without alam moving.

Slimy

119 posts

Posted by Slimy > 2014-08-26 17:32 | Report Abuse

http://klse.i3investor.com/blogs/kltrader/58558.jsp
still a buy call from maybank. wow

joerakmo

725 posts

Posted by joerakmo > 2014-08-26 20:33 | Report Abuse

nobody here has even bothered to look at the numbers....guess nobody is even looking at the stock!!!lol

salman

1,562 posts

Posted by salman > 2014-08-26 21:27 | Report Abuse

1H14 adjusted net profit made up 42% of our FY forecast.

3-year adjusted net profit CAGR of 30% driven by improved utilisation and expansion in fleet to 39 units by 1Q16.

Maintain BUY and MYR2.00 TP (15x 2015 PER, comparable to peer average).

What’s New

2Q14 adjusted net profit of MYR27m (+12% QoQ; -1% YoY) took 1H14 adjusted earnings to MYR51m (+39% YoY), on track to meet our expectation of MYR122m for FY14. 2Q14 relatively mirrored 1Q’s performance except for the technical fee income gathered following the mobilisation of a new OSV.

Our adjusted net profit in 2Q14/1H14 took account these items: (i) MYR15m/MYR15m IPO expenses, (ii) MYR2m/MYR4m RCPS-I profit, and (iii) MYR2m/MYR5m amortisation of intangible assets.

What’s Our View

Our forecasts are unchanged, expecting stronger 2H vis-à-vis 1H as Icon recognises earnings from its Brunei-based AWB. Overall, Icon is set to enjoy strong growth momentum, underpinned by: (i) the planned expansion of its OSV fleet, and (ii) improved utilisation. We project Icon to take delivery of 6 new OSVs in 3Q14-1Q16, comprising: (i) 1 unit of AWBs, (ii) 2 units of 10,930 bhp AHTS, (iii) 2 units of PSVs and (iv) 1 unit of FCB.

We do not rule out further fleet expansion in the future considering Icon’s lean balance sheet (net gearing <1x) as well as M&A opportunities locally/overseas. Icon is a Shariah compliant stock, which is a positive.

Source: Maybank Research - 26 Aug 2014

Funtrade

596 posts

Posted by Funtrade > 2014-08-26 21:27 | Report Abuse

Profit increased 300% but share price doesn't move at all.

You kidding me or what? LOL

sohailar

76 posts

Posted by sohailar > 2014-08-27 23:09 | Report Abuse

lol..a lot of good news but the counter no move,like dead cow

Secrecy

748 posts

Posted by Secrecy > 2014-08-27 23:19 | Report Abuse

Patience is the key . Icon's management has been issuing a statement to rebut previously negative news over icon( check icon's website ) . Time needed to regain investors' confident , I believe that when impediment diluted over the time and most investors' mind converging at some point , consensus ad idem , unpredictably hidden upward trend .
Examination's result of Q1-pass
Q2- pass
Q3-
Q4-
Well done , keep going ...

kalim288

626 posts

Posted by kalim288 > 2014-08-28 17:04 | Report Abuse

make everyone disappointed

Secrecy

748 posts

Posted by Secrecy > 2014-08-28 20:39 | Report Abuse

Sour first then upcoming sweetener, I believe !

klse007

403 posts

Posted by klse007 > 2014-08-28 21:07 | Report Abuse

No hope....................run..................

Secrecy

748 posts

Posted by Secrecy > 2014-08-28 21:56 | Report Abuse

Friend... No hope account can standstill at 1.79, think about it , comment wisely.

salman

1,562 posts

Posted by salman > 2014-08-29 14:11 | Report Abuse

the volume now is getting lower, which mean no seller. next week sure will fly......

marsngo

10 posts

Posted by marsngo > 2014-08-30 11:41 | Report Abuse

Good news come, and bad news to armada... Most likely all investor will shift to icon... I guess.. So should hold and wait

azizulma

30 posts

Posted by azizulma > 2014-08-31 20:35 | Report Abuse

IPO...RM1.85.....last week closed RM1.76....aiyo banyak rugi...

ming123

6 posts

Posted by ming123 > 2014-09-01 20:33 | Report Abuse

this stock is making me puke... tot it will go up aft havin the deal in Brunei manatau....... come on icon!

kalim288

626 posts

Posted by kalim288 > 2014-09-02 17:26 | Report Abuse

so disappointed

ongmarine

85 posts

Posted by ongmarine > 2014-09-03 10:00 | Report Abuse

this stock is not worth waiting for .

kalim288

626 posts

Posted by kalim288 > 2014-09-03 15:01 | Report Abuse

hopeless....stuck there

Terenceguh

152 posts

Posted by Terenceguh > 2014-09-03 23:22 | Report Abuse

cepat jual...ini kaunter dah habis...takde buying interest ...pasal IPO dah overprice...akan jatuh sampai 1.50....lebih baik beli kaunter lain cover loss...

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