Posted by bullmarket1628 > 2022-02-17 18:12 | Report Abuse

World’s Most-Important Oil Price Tops $100, Signals More to Come
https://www.bloomberg.com/news/articles/2022-02-16/world-s-most-important-oil-price-just-took-out-100-a-barrel

By Alex Longley+Follow
February 17, 2022, 3:52 AM GMT+8

Posted by bullmarket1628 > 2022-02-17 18:12 | Report Abuse

Forget the futures market, the world’s most important oil price just smashed through $100 a barrel with every sign it is going to push higher. 
Dated Brent, the price of cargoes bought and sold in the North Sea, reached $100.80 a barrel on Wednesday for the first time since 2014, according to S&P Global Platts, the company that publishes the marker. Price spreads in the futures market are pointing to one the tightest markets ever.....

Posted by Mabel > 2022-02-18 15:19 | Report Abuse

Director buying...

Brent touches USD 100

Icon bila mau starts rally

Meow Meow Meow

Posted by Mabel > 2022-02-18 15:20 | Report Abuse

It's a bird it's a plan

It's super Icon

Meow Meow Meow

Posted by M55555 > 2022-02-18 22:24 | Report Abuse

Hope next week a good QR report

Posted by bullmarket1628 > 2022-02-22 09:45 |

Post removed.Why?

Posted by M55555 > 2022-02-22 11:01 | Report Abuse

ICON still ICON. Still not moving today

Posted by M55555 > 2022-02-22 17:21 | Report Abuse

Now 5.21pm. Brent is at 98.73 .. So what ? I CON ...

Posted by M55555 > 2022-02-24 11:47 | Report Abuse

Brent now 99.79......

Posted by bullmarket1628 > 2022-02-24 12:25 |

Post removed.Why?

Posted by k3nthiew > 2022-02-24 12:29 | Report Abuse

Brent at USD97... definitely O&G activities will get hot...
Icon's OSV ady locked in contract with the oil field operator..
With higher Brent price, Icon's OSV will sure getting more bz

Posted by bullmarket1628 > 2022-02-24 12:30 |

Post removed.Why?

Posted by M55555 > 2022-02-24 12:43 | Report Abuse

Brent now 102.++

Posted by bullmarket1628 > 2022-02-24 13:08 |

Post removed.Why?

Posted by bullmarket1628 > 2022-02-24 14:36 | Report Abuse

Russian forces invade Ukraine with strikes on major cities
By Andrew Osborn and Natalia Zinets 24-2-2022

https://www.reuters.com/world/europe/putin-orders-military-operations-ukraine-demands-kyiv-forces-surrender-2022-02-24/

MOSCOW/KYIV, Feb 24 (Reuters) - Russian forces fired missiles at several cities in Ukraine and landed troops on its south coast on Thursday, officials and media said, after President Vladimir Putin authorised what he called a special military operation in the east.
Shortly after Putin spoke in a televised address on Russian state TV, explosions could be heard in the pre-dawn quiet of the Ukrainian capital of Kyiv.
Gunfire rattled near the capital's main airport, the Interfax news agency said, and sirens were heard over the city.

Posted by M55555 > 2022-02-24 15:05 | Report Abuse

Still nothing happen , and there are some throwing 0.11 !!

Posted by cashflow > 2022-02-24 16:11 | Report Abuse

ICON so undervalued given current prospect. Directors cashing at discounted rate

Posted by cashflow > 2022-02-24 16:41 | Report Abuse

Wait for it to go past 20cents? Then all jump in

Posted by M55555 > 2022-02-24 17:20 | Report Abuse

Brent now 103.49..

Posted by Mabel > 2022-02-24 18:49 | Report Abuse

Meow Meow Meow

Posted by madguy > 2022-02-25 01:30 | Report Abuse

@M55555 lol

Posted by bullmarket1628 > 2022-02-25 07:12 |

Post removed.Why?

Posted by M55555 > 2022-02-25 07:34 | Report Abuse

Brent hit highest USD105 yesterday. Should have trade oil and not I Con

Posted by kelyssa44 > 2022-02-25 16:57 | Report Abuse

Somebody will say “ I conned you “ :)

Posted by Keeheong1960 > 2022-02-25 20:28 | Report Abuse

Got con cheap things no good hopeless company.i hold for one month if the price still 11.5 send tell this company go and fly kite.

Posted by M55555 > 2022-02-28 11:06 | Report Abuse

I con still at 0.11 to 0.115 . Better buy metal counter now

Posted by cashflow > 2022-02-28 11:45 | Report Abuse

ICON will only move after I sell my shares. Haha.

Posted by newguy0801 > 2022-02-28 18:45 | Report Abuse

Nice QR for ICON

Posted by madguy > 2022-02-28 19:22 | Report Abuse

@pineapple123 both velesto and sapnrg share issued so heavy and didnt make money how to compare with icon ??? lol

@newguy0801 so so only ... but not bad edi, full year still earn money , company seems lots of order book and tender book, total around 1.7bil

Posted by Keeheong1960 > 2022-02-28 20:16 | Report Abuse

Coming soon Akan dayang.13 CTS at least this week before Johor state elections

Posted by newguy0801 > 2022-02-28 20:34 | Report Abuse

I mean it is nice in terms of consistency and improvements.

Posted by CHLEONG888 > 2022-02-28 21:09 | Report Abuse

Tomorrow fly to moon...

Posted by madguy > 2022-02-28 21:59 | Report Abuse

@CHLEONG888 really ???

Posted by k3nthiew > 2022-02-28 22:39 | Report Abuse

In fact, the result for FY21 is much better vs FY20 when we take out the exceptional gain of Rm27.5m on FY20, it should be PAT 32m vs 15.8m.

Posted by k3nthiew > 2022-02-28 22:40 | Report Abuse

Expect Icon to improved further on FY22.

Posted by madguy > 2022-03-01 00:53 | Report Abuse

@k3nthiew FY22 i think 55mil full year
but does the order book real or not ?? sounds so promise

should hv swtich to plantation first to earn then come back icon zzzz

Posted by M55555 > 2022-03-01 11:22 | Report Abuse

No show. More like dumping

Posted by k3nthiew > 2022-03-01 11:49 | Report Abuse

Icon's OSV mainly servicing Malaysia and Brunei market which impacted by monsoon on yr end, expecting the activities to be improve on 1Q-3Q. 80% of OSV are with long term contract, improving activities will contribute higher figure. Icon is also tendering 900m+ contract? with the current oil price or shall it remain above USD80, expect Icon to gain more contracts later on.

Posted by cashflow > 2022-03-01 12:23 | Report Abuse

Need Big boys to enter this counter. Surprisingly mutual funds haven’t linger on this profitable counter

Posted by M55555 > 2022-03-01 22:01 | Report Abuse

10.00pm Brent now USD103.08 . I CON 0.11 cent

Posted by bullmarket1628 > 2022-03-02 07:35 |

Post removed.Why?

Posted by Michael R. > 2022-03-02 09:23 | Report Abuse

Once you dump yours it will limit up..

Posted by M55555 > 2022-03-02 10:45 | Report Abuse

Now , 10.44am (UTC +8 ) . Brent 110.21 . I CON ! I CON! I CON!

Posted by madguy > 2022-03-02 11:22 | Report Abuse

still cant up lol

Posted by M55555 > 2022-03-02 15:21 | Report Abuse

Now. Brent 111.02 . Kena I Con. Still 0.11 going 0.105 soon

Posted by M55555 > 2022-03-02 17:12 | Report Abuse

Brent 112.50.. I CON 0.105 ??? con job

Posted by newguy0801 > 2022-03-02 20:18 | Report Abuse

Bro, you need to understand the business nature of ICON. It mainly provides support vessels for the O&G sector, which means the rise in Brent won't benefit ICON directly.

Posted by newguy0801 > 2022-03-02 20:23 | Report Abuse

The spike counters you are looking for are:
1) Oil Exploration & Production Counters
2) Oil Refining Counters
These counters benefit directly from the rising oil price as they are primarily involved in the trading of oil products and the rising Brent raises their profit margin.

Posted by newguy0801 > 2022-03-02 20:30 | Report Abuse

Other types of O&G counters that doesn't really work well in high Brent price are:
1) O&G Supporting Counters, such as ICON
2) O&G Bunkering Counters, such as Straits and Fast
Why?
1) They have fixed margins which are usually based on contracts.
- For O&G Bunkering, it is the percentage premium.
- For O&G Support, it is the service fee.
2) They employ a lot of vessels which in turn also consumes fuel. In turn, rising Brent price will increase their production cost.

Posted by M55555 > 2022-03-02 21:20 | Report Abuse

Icon Offshore diversified into oil drilling business in April 2021 . And rising oil price will benefit ICON.

"Hadian says Icon Offshore is in a good position now to embark on a new growth trajectory at a time when crude oil prices are expected to remain high."

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