Posted by maggigoreng > 2024-03-26 23:38 | Report Abuse

now 63.5 cts is firmly supported, let's see how much upside there is to this.

Posted by constantine007 > 2024-03-27 06:24 | Report Abuse

afraid they will privatise ICON

Posted by 5354_ > 2024-03-27 07:41 | Report Abuse

Previous no 1 shareholder Hallmark Odyssey still have balance 5% share so Icon won't be privatised?

Posted by Ravetidus > 2024-03-27 09:11 | Report Abuse

My view of the recent takeover by Singapore firm: -

1) Major shareholder changes from Ekuinas to Liannex Corporation. My view is that this is not a bad news cause of synergy with Yinson etc, plus the new major shareholder might be able to manage Icon better than the previous one (Yinson able to generate good profits)

2) I think the Singapore firm sees value in Icon, the firm has bought the shares directly from Ekuinas at price of 63.5cent which is normally a discounted price due to large portion acquired plus Ekuinas might need the cashflow to sustain themselves. 63.5cent will be the MGO price offered to the public but the public can choose not to accept it

3) Recent oil prices is high, investment in oil related activities will increase in the future, helped by decreasing sales in EV cars (EV momentum is decreasing)

4) Liannex plans to keep Icon listing status

5) Any movement downwards in share price will give Liannex opportunity to acquire more

Posted by 5354_ > 2024-03-27 09:14 | Report Abuse

Down like some1 comment today happen?

Posted by 5354_ > 2024-03-27 09:16 | Report Abuse

W offer 1 sen why >20 sen people buy?

Posted by Ravetidus > 2024-03-27 09:18 | Report Abuse

@5354_

Cause the takeover is good news...synergy with Yinson

Posted by hohlaiyet88 > 2024-03-27 09:32 | Report Abuse

@Ravetidus
If takeover is good news and Icon will keep listing status, what is the next TP? Thanks

Posted by Ravetidus > 2024-03-27 09:59 | Report Abuse

@hohlaiyet88

I have no crystalball and cannot guarantee this but seems like TP could be RM1 within next 3 years as Icon is also due to renew their contracts at a higher rate and also synergy from the change in major shareholder

As for short term, the strategy is always to sell on news.. hahahahaha

Goodluck

Posted by Jonathan Keung > 2024-03-27 11:00 | Report Abuse

Buy on rumors sell on news. You won't go wrong

Posted by hohlaiyet88 > 2024-03-27 12:14 | Report Abuse

@Ravetidus
Thank you as i hold this counter so many years, may consider continue hold if continue got dividend and bonus issue. 😃

Posted by pang72 > 2024-03-27 12:28 | Report Abuse

Ekuinas GLC is much professional nowadays under Madani government cashing out lose making company.

Posted by Jonathan Keung > 2024-03-27 13:38 | Report Abuse

Short term players will cash out.last week price trading between 66- 68. Today 76 -78 good profit 10 sen.

Posted by 5354_ > 2024-03-27 14:23 | Report Abuse

Long term like Yinson? Any dip below 70 sen is good buy.

Posted by 5354_ > 2024-03-27 14:55 | Report Abuse

I q 70 sen why no seller? Some1 comment takeover price so low will drop why still no drop?

Posted by 5354_ > 2024-03-27 14:57 | Report Abuse

Moreover today market consider bad.

Posted by Jonathan Keung > 2024-03-27 15:47 | Report Abuse

Yes. Today sentiment negative plus tomorrow is a public holiday.Bursa closed for trading

Posted by maggigoreng > 2024-03-27 16:51 | Report Abuse

5354_, i q 70 sen for nvidia too. why no seller. dumbass

Posted by 5354_ > 2024-03-27 20:37 | Report Abuse

Icon Offshore surges after Yinson boss Lim Han Weng triggers MGO
https://www.freemalaysiatoday.com/category/highlight/2024/03/27/icon-offshore-surges-after-yinson-boss-lim-han-weng-triggers-mgo/

Posted by 5354_ > 2024-03-27 20:46 | Report Abuse

Ekuinas still have 5.8% Icon after Yinson boss takeover. Changes Yinson boss will make to kick out present high salary BOD? How much can save a year?

Posted by Noni > 2024-03-27 22:34 | Report Abuse

Those who chased, kena game

Posted by Bull13 > 2024-03-28 11:42 | Report Abuse

Don't worry..be happy. ICON will be in good hands of big brother YINSON. Lots of projects coming...Warrants cheaper exposure.

Posted by Jonathan Keung > 2024-03-29 08:27 | Report Abuse

Yes. chasing high not a good move. From the days high 86 sen drop back to 73-74 sen. Really drastic & sharp

Posted by 5354_ > 2024-03-29 09:19 | Report Abuse

Icon min 72 sen under Yinson boss?

Posted by 5354_ > 2024-03-29 09:35 | Report Abuse

If follow W price(with exercise price 82.5 sen) Icon TP RM 1?

Posted by 5354_ > 2024-03-29 10:01 | Report Abuse

Can EPF follow Yinson boss buy Icon?

Posted by Plantermen > 2024-03-29 11:22 | Report Abuse

The key take away. Yinsoon is maintaining the listing status of Icon.

Posted by limch > 2024-03-29 11:57 | Report Abuse

Icon can fetch Yinson share price next 5-10 years? Buy while still cheap.

Posted by Bull13 > 2024-03-29 16:11 | Report Abuse

Under Yinson, ICON will show its true capability. A blue chip in the making. Yes. TP rm1 is not a problem. The warrants is very cheap now going forward!

Posted by limch > 2024-03-29 21:51 | Report Abuse

2024-03-29

Insider

Notice of new substantial holder - MR LIM HAN WENG on 26-Mar-2024.

2024-03-29

Insider

Notice of new substantial holder - LIANNEX CORPORATION (S) PTE LTD on 26-Mar-2024.

2024-03-29

Insider

Notice of new substantial holder - LIANNEX MARITIME SDN. BHD. on 26-Mar-2024.

Posted by paktua73 > 2024-04-01 09:31 |

Post removed.Why?

Posted by limch > 2024-04-01 09:32 | Report Abuse

paktua73 Icon also new born under Yinson boss.

Posted by limch > 2024-04-01 09:35 | Report Abuse

Next is must change Icon name? Many shunned Icon share perceived con people?

Posted by paktua73 > 2024-04-01 09:50 |

Post removed.Why?

Posted by limch > 2024-04-01 10:43 | Report Abuse

86 sen(recent high) may be rechallenged?

Posted by Jonathan Keung > 2024-04-01 13:31 | Report Abuse

Technically Icon MACD chart showing positive momentum. Strong closing in the day will indicate Icon more upside { breaching a new high }

Posted by Plantermen > 2024-04-01 15:12 | Report Abuse

The reversal of impairment and unrealised gains in the quarterly figs has resulted a nett loss of 14 million { is an accounting and tax entry} which has no effect on their operating cash flows. The impending rates renewal which is forthcoming will see across the board upticks in ICON charter rates. Operating cash flows are the life blood of any company. In the O & G sector ICON is one of the few counters in the sector that have paid out dividends. A good opportunity to buy and hold based on their results. Not best of the best but have great growth potential. With Yinsoon as the captain aiding ICON can expect more positive momentum. Not a buy call but just my own view and personal take on their recent news announcement. Please do your own research before you buy or invest

Posted by Change_ > 2024-04-09 09:37 | Report Abuse

Con still remain even changing of boss? So next change is PM or govn?

Posted by Jonathan Keung > 2024-04-09 14:21 | Report Abuse

Mr Change ? what are you trying to tell us

Posted by Change_ > 2024-04-09 20:26 | Report Abuse

I mean Icon share rise cannot sustain or drop back. So we need to change PM or government for those bought during IPO RM 1.8?

Jonathan Keung

Mr Change ? what are you trying to tell us

6 hours ago

Posted by Jonathan Keung > 2024-04-10 23:57 | Report Abuse

Wow !That was 10 years ago. Icon was promoted by 8 cornerstone investor. Maybank , PNB , Tab Haji, CMY { RHB co founder } ,UOB, AIA and Nomura for the listing exercise

Posted by Plantermen > 2024-04-11 14:18 | Report Abuse

2014 we have seen 6 PM. First Badawi, Najib, Mahathir, Muhyiddin, Ismail and current PMX anwar

Posted by 5354_ > 2024-04-12 11:16 | Report Abuse

Lim Han Weng(Yinson boss) when can you join Icon management team? You only bought Icon shares how about bring Icon changes when are you planning to do?

Posted by Jonathan Keung > 2024-04-18 15:23 | Report Abuse

Good for Icon minorities if Big Boss { Yin soon } joins the board. perception of icon may be lifted by the diversity

Posted by WarrenBuffet8888 > 2024-04-22 09:44 | Report Abuse

Hold tight, KEYFIELD fly 100 % in the first day listing , AWB business has great potential , it will fly limit up too , market cap smaller than keyfield

Posted by LY Hoh > 2024-04-22 11:10 | Report Abuse

I just received call from MBB bank said Icon regarded unconditional mandatory take over at cash offer price RM0.635. I rejected, why they offer this low price? Later they will push down the price to meet the unconditional mandatory take over?

Posted by Plantermen > 2024-04-22 11:31 | Report Abuse

Look at KEY field the newly listed oil & gas provider. The valuations is substantially much higher vs it's peer or icon valuations. Today traded 1.75 - 1.77 against its IPO price 90 sen

Posted by goodgain > 2024-04-23 14:28 | Report Abuse

LY Hoh,

Depend on their intention. Normally those offering MGO at lower than market price, the intention is to get rejection from shareholders so they can retain the listing status. The MGO is compulsory by law, for those company taking over more than certain threshold of a listing entity. If the new owner intent to retain the listing status, they will normally offer lower than market price so the MGO will fail.

Posted by J3ffery > 2024-04-23 20:56 | Report Abuse

Hi,
I,m new in trading. Quick check, is it safe to continue hold ICON Share?

Posted by WarrenBuffet8888 > 2024-04-24 16:01 | Report Abuse

Yes, it will fly above 2.00 , check who is the new owner and the market cap of the owner