Posted by Mabel > 2021-11-02 11:49 | Report Abuse

It's looking good...

Elsewhere Mabel's Techs, Plantation and Energy collection are cruising full speed today...

Dow Jones hits all times high last nite at 35,913. Some experts are targeting DJ to hit 42,000 by Q1 2022. Melt up is on target..

KLSE will be following....

Have a great week ahead everyone!

Meow

Posted by cashflow > 2021-11-02 12:30 | Report Abuse

ICON price is seriously undervalued. I suppose the stock haven’t receive proper traction from institutional investors.

Posted by cashflow > 2021-11-02 16:51 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Bank-Of-America-Sees-120-Oil-By-June-2022.html

Posted by TayorMayor > 2021-11-02 19:30 | Report Abuse

Okay lets buy this…gonna shoot soon

Posted by cashflow > 2021-11-03 11:36 | Report Abuse

Yes. They are securing key order book

Posted by DickyMe > 2021-11-03 20:19 |

Post removed.Why?

Posted by Undi_PH > 2021-11-08 10:27 | Report Abuse

20 sen where? 20 sen only PH as govn?

Posted by Undi_PH > 2021-11-08 10:28 | Report Abuse

1.8 IPO is con just like BN/PN as govn.

Posted by cashflow > 2021-11-08 11:20 | Report Abuse

https://oilprice.com/Energy/Energy-General/Supply-Chain-Crisis-Could-Be-Bullish-For-Oil-Prices.html

Posted by Icon 888 > 2021-11-09 02:16 |

Post removed.Why?

Posted by JK22 > 2021-11-10 09:51 | Report Abuse

still nothing happen here

Posted by cashflow > 2021-11-10 18:05 | Report Abuse

Need viagra

Posted by Mabel > 2021-11-10 19:02 | Report Abuse

Very steady...

Posted by cashflow > 2021-11-10 23:33 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/EIA-Oil-Demand-Rebounds-Faster-than-Supply.html

Posted by cashflow > 2021-11-12 15:58 | Report Abuse

Even AAX with 24billion debt can jump more than 2X from its low. ICON certainly has better prospect and profit, but slowly moving. Waiting for the big spike past 20 cents to start trend towards 30, 40, 50 cents

Posted by Mabel > 2021-11-12 18:38 | Report Abuse

Meow Meow Meow

Indeed Cashflow

Spot on!

Posted by cashflow > 2021-11-15 18:24 | Report Abuse

Looking healthy. Let’s see this week break 12 cents. Go go!

Posted by cashflow > 2021-11-15 23:05 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/11/13/icon-offshore-emerges-as-dark-horse-in-og

Posted by Icon 888 > 2021-11-17 07:33 | Report Abuse

Black horse

Posted by cashflow > 2021-11-17 07:40 | Report Abuse

https://oilprice.com/Energy/Energy-General/An-Undisputable-Truth-The-World-Still-Needs-Oil-And-Gas.html

Posted by Undi_PKR > 2021-11-17 09:59 | Report Abuse

QR early release no use like GE14 result? PH/PKR must win PRN Melaka and GE15.

Posted by cashflow > 2021-11-17 11:59 | Report Abuse

Change to 4th PM again, haha. Politics in Malaysia becoming a laughing stock. It’s like playing musical chair these days. No need to waste money on election, when assemblyman can jump seats/party. Democracy in this nation mostly driven by cronies and kleptocracy. Rule of flaw.

Posted by M55555 > 2021-11-18 15:28 | Report Abuse

Profitable year. Should be good to hold

Posted by Mabel > 2021-11-20 15:57 | Report Abuse

Absolutely!

Meow

Posted by BN_menang > 2021-11-22 10:46 | Report Abuse

QR cantik(EPS 0.53 sen) why 11 sen only? Can buy more until 20 sen?

Posted by cashflow > 2021-11-22 13:48 | Report Abuse

Looks like institutional investors are tired of the politics. Need more foreign injection but current administration are incompetent, and passes unnecessary tax impact to companies. No rightful investors will put their money with pirates.

Posted by Mabel > 2021-11-22 16:31 | Report Abuse

Mabel agree..

Posted by cashflow > 2021-11-24 06:48 | Report Abuse

Crude price rallied after SPR release factored in. Looks like market is ready for long rally ahead with increased demand

Posted by M55555 > 2021-11-24 10:02 | Report Abuse

Despite the seemingly big number, 50 million barrels, the U.S. release actually equals around two and a half days of American petroleum consumption, which was at 20.5 million barrels per day (bpd) in the pre-pandemic 2019.

May be this is why instead of going down with the SPR release news, it rally upwards .

Posted by BanglaMan > 2021-11-24 11:36 | Report Abuse

HAHAHAHAHHAHA

Posted by cashflow > 2021-11-24 18:10 | Report Abuse

Yes, OPEC rules. They want to penalise the ESG movement, that’s why they want price to be up so investors pour their money into Oil equities.

Posted by Icon 888 > 2021-11-24 20:50 | Report Abuse

Dark horse

Posted by cashflow > 2021-11-29 22:21 | Report Abuse

Stay strong

Posted by BE_GREEEEEDY > 2021-11-30 15:48 | Report Abuse

below usd 70 anytime...

Posted by cashflow > 2021-11-30 20:03 | Report Abuse

https://www.businessinsider.com/oil-price-outlook-brent-crude-150-barrel-opec-jpmorgan-2021-11?amp

Posted by Mabel > 2021-12-01 15:19 | Report Abuse

Thanks for sharing cashflow...

To Our Success !

Meow

Posted by M55555 > 2021-12-02 09:59 | Report Abuse

Am i the only one collecting when it dip? 0.105 !!! no one want ? Hope i did the right choice.

Posted by M55555 > 2021-12-02 10:37 | Report Abuse

And yet someone selling and pushing it down to 0.10?? 49 buyers (volume 10mil) vs 7 seller (volume 0.4mil)

Posted by cashflow > 2021-12-02 21:22 | Report Abuse

Every dip. I buy some to average down. One down for sure go beyond 20 cents, profiting each quarter and nicely done ICON. Let’s hope for the best

Posted by cashflow > 2021-12-02 22:47 | Report Abuse

Oil movement factored the worst case scenario and as soon as the community learn the Omicron virus is less severe as people are evidently proving it, then Oil price rally back up. Buy the dips and enjoy the cycle https://news.sky.com/story/amp/covid-19-most-omicron-cases-are-mild-and-theres-no-evidence-to-suggest-vaccines-may-be-less-effective-against-the-variant-says-who-12483729

Posted by Mabel > 2021-12-04 08:39 | Report Abuse

OPEC+ managed to stabilize oil prices after what had been an incredibly volatile week, with the cartel adding plenty of caveats to its decision to stick to its plan vis-a-vis oil production increases.

Brent is back above USD 70...

To Our Success!

Meow

Posted by Icon 888 > 2021-12-04 23:55 | Report Abuse

Bloody dark horse

Posted by Icon 888 > 2021-12-06 22:19 | Report Abuse

Dark horse vomit blood

Posted by cashflow > 2021-12-08 10:21 | Report Abuse

Looking steady

Posted by cashflow > 2021-12-10 15:51 | Report Abuse

https://www.nst.com.my/amp/business/2021/11/745776/icon-offshore-returns-glory-days-affin-hwang

Posted by DickyMe > 2021-12-15 15:59 | Report Abuse

Don't post stale news. Share latest news like goreng pisang panas.

Posted by 8888_ > 2021-12-15 16:05 | Report Abuse

Icon Offshore - A Turnaround Story
Author: rakutentrade | Publish date: Wed, 17 Nov 2021, 12:34 PM

Icon Offshore (ICON) one is the largest offshore support vessel (OSV) provider in Malaysia and Southeast Asia in terms of number of OSVs. The operation of ICON is turning around in FY2021 on the back of higher utilisation rate; hence we expect the company to register net earnings of RM30.5m and RM45.3m for FY21 and FY22 respectively. BUY with a target price of RM0.17 based on a PER of 10x (Bursa Malaysia Small Cap Index average).

ICON owns and operates one of the youngest, fastest growing and most sophisticated fleets of OSVs in Southeast Asia. The Company provides a wide range of logistical support services throughout the entire offshore oil and gas life cycle, from exploration and appraisal, field development and operation and maintenance, through to decommissioning. ICON is a Malaysia-based OSV provider and all of the vessels are Malaysian-flagged.

The outlook of upstream exploration and production activities in Malaysia is expected to be positive this year as compared to last year on the back of recovery of crude oil price. Meanwhile the demand and utilisation for all rig classes in Asia Pacific is improving following the adverse events in 2020 due to the impact of Covid-19 pandemic and oil price crash. Furthermore, PETRONAS remains committed to maximise its oil production as a cash generator and we see this as an opportunity for ICON.

ICON has a remaining order book amounting to RM770.6m as of September 2021, providing clear earnings visibility for the next 3 years. On top of that, the company’s current tender book stands at RM920.2m. ICON’s key priority for FY21 and beyond includes (i) cost optimisation; (ii) improve operation efficiency; and (iii) maximising utilisation rate. As such, the company’s 9MFY21 results have seen huge improvement in the bottom line as the company registered a core net profit of RM25m as compared to RM4.2m YoY due to better operational efficiency and higher utilisation rate.

We expect ICON to register net earnings of RM30.5m for FY21 despite the strong 9M results due to seasonal factor in 4QFY21. Meanwhile we expect FY22 earnings to grow by 48.2% to RM45.3m for FY22. Financial leverage is manageable with net gearing of 0.6x supported by a decent interest coverage ratio of 3.75x as of 9MFY21. Our BUY recommendation is premised on (i) its strong earnings visibility and growth potential underpinned by its RM770.6m outstanding orderbook; (ii) increasing utilisation rate as a result of recovery within the O&G sector post pandemic; and (iii) reasonable valuations.

Source: Rakuten Research - 17 Nov 2021

https://klse.i3investor.com/blogs/rakuten/2021-11-17-story-h1594553345-Icon_Offshore_A_Turnaround_Story.jsp

Posted by DickyMe > 2021-12-15 16:31 | Report Abuse

Another dimwit who cannot understand simple English, above my comment.

"Don't post stale news. Share latest news like goreng pisang panas."

Posted by newguy0801 > 2021-12-15 17:17 | Report Abuse

Ya, agree. Haha. This stock is seriously undervalued.

Posted by cashflow > 2021-12-15 21:52 | Report Abuse

It’s about time for ICON to cruise past 15 cents. Most O&G counters are facing liquidity and survival issues. ICON pipeline and cash looks promising. Let’s hope for better resonance