Posted by alivetoinvest > 2014-12-23 16:57 | Report Abuse

Sorry org kaya. :(

Posted by orgkaya > 2014-12-23 17:00 | Report Abuse

wat tu lu...sulah nasib ma...tq for youl concern.....ini malam, wa plan mau pigi b2b....tetapi punai tala keras wooo

Posted by callme777 > 2014-12-23 17:03 | Report Abuse

Wah someone bid 2.1mil at 0.75 lo. What's going on. Close high wor

Posted by rlch > 2014-12-23 17:07 | Report Abuse

Posted by johnchong > Dec 23, 2014 04:53 PM | Report Abuse
A nice candle in formation.

Posted by johnchong > Dec 23, 2014 04:53 PM | Report Abuse
Nice hammer

Meaning tomorrow up?

Posted by orgkaya > 2014-12-23 17:10 | Report Abuse

itu candle untuk olang mati..meaning tommolo lan jiao

Posted by alivetoinvest > 2014-12-23 17:20 | Report Abuse

Hope its an abandoned baby pattern :D :D :D :D

Posted by rlch > 2014-12-23 17:52 | Report Abuse

Avg TP RM1.60 or latest avg RM1.26. Can still trust?
http://klse.i3investor.com/servlets/ptg/5255.jsp

Posted by johnchong > 2014-12-23 18:17 | Report Abuse

rich

To be safe, watch for confirmation that the final & anticipated selling pressure is done caused by moratorium period shares (ended on 21 Dec 2014)followed by :
22/12/14: 20% fall to 0.785 with a black Marubozu', V = 68.8m
23/12/14: Further drop to 0.745 with a hammer, V = 61.9m

Posted by BigDaddyCool > 2014-12-23 18:31 | Report Abuse

Ini mmg lan pah punya kaunter..par value 0.50 but IPO 1.85.An overpriced share with many public funds being drained into this greatest bogus pricing.I just can understand why Securities Commision never intervened with this mass selling pressure.If only the investor could seek for an explanation!.

Posted by callme777 > 2014-12-23 18:35 | Report Abuse

Thanks johnchong, very informative

Posted by richkid > 2014-12-23 18:40 | Report Abuse

No need to buy. No incentive to buy.

Posted by stonenut > 2014-12-23 18:42 | Report Abuse

If oil price good rm2.00 no problem

Posted by gohlai > 2014-12-23 18:42 | Report Abuse

the fcuking due diligence performed to price ipo at 1.85 is already cheating investors...all regulators are also in this con job...u would stand a better chance with knm, cheaper with better biz..mbb being the stablizing manager of this counter must be throwing all the rubbish stock out now...kaninia...with the hammer head, spanar...and even screwdriver...with this volatile oil price....icon will hit 0.350 by 31 dec 2014

Posted by MercuryRX > 2014-12-23 18:54 | Report Abuse

Haiya u guys, apa mahu marah marah... Itu stock name pun sudah bagi tahu u all, "I CON" lagi u all nak beli... Kikikiki

Posted by stonenut > 2014-12-23 19:03 | Report Abuse

Guys!! ! NOw u guys named it I CON in few months time u will named it I CAN !

their vessels are great, young, virgin and genuine enough!

Posted by hula > 2014-12-23 19:05 | Report Abuse

dropped so many , will rebound to 1.00.......this is gov oil investment arm chest .....buy

Posted by gohlai > 2014-12-23 19:10 | Report Abuse

gomen are cheaters...look at 1mdb

Posted by Cyborg > 2014-12-23 19:14 | Report Abuse

Tomorrow another batch of sell down.... if open high dont chase

Posted by Cyborg > 2014-12-23 19:16 | Report Abuse

alot of contra kaki waiting to dispose.... not a good time to buy... more over oil still not stabilize, better dont touch it first, if not sure RUGI gao gao...

Posted by lching > 2014-12-23 19:16 | Report Abuse

scary, really scary.......

Posted by hula > 2014-12-23 19:20 | Report Abuse

Future SapuraKencana replacement..........massive offshore contracts.......now so so cheap entry

Posted by hula > 2014-12-23 19:21 | Report Abuse

when everyone panic, then price will move higher n higher

Posted by gohlai > 2014-12-23 19:26 | Report Abuse

they are snakes...they never inform of this ipo lockup to retail investors during ipo listing...now they selldown the shares and get investors caught....gomen related all cheating

http://www.thestar.com.my/Business/Business-News/2014/12/23/Fall-of-Icon/?style=biz

Posted by stonenut > 2014-12-23 19:41 | Report Abuse

With such a huge vessels why scared? Anyway malaysia going to be the biggest natural gas producer soon. All the highlights will be on malaysia throughout the world. Malaysia oil and gas will be top.

Posted by stonenut > 2014-12-23 19:43 | Report Abuse

Dont forget bad news will always come with good news later...

Posted by lching > 2014-12-23 19:44 | Report Abuse

NTA 90 cent! unbelievable for a newly listed share.

Posted by colonese > 2014-12-23 20:13 | Report Abuse

buy...buy...cheap sale. huahua...after this icon fly again.grab this share my friend.

Posted by Kelvin8787 > 2014-12-23 20:16 | Report Abuse

wait it drop to 200

Posted by gohlai > 2014-12-23 20:27 | Report Abuse

osv services is over supply now...with such volatile market...wait at 0.35 cents

Posted by salman > 2014-12-23 21:16 | Report Abuse

PETALING JAYA: On a day when most stocks were on an uptrend on the back of the market gaining 28 points, Icon Offshore Bhd, the oil and gas (O&G) service provider of Ekuiti Nasional Bhd (Ekuinas), saw some heavy selling.

The selling came amidst the end of a six-month lockup period imposed on the promoters, namely, Ekuinas and Icon’s chief executive officer Jamal Yusof from the date of Icon’s listing on June 25.

Ekuinas and Jamal collectively own some 52% of Icon.

Ekuinas’ equity holding in Icon is held via its wholly owned Yayasan Ekuiti Nasional’s two entities, Sempena Focus Sdn Bhd (2.41%) and Hallmark Odyssey Sdn Bhd (42.28%). Jamal owns 5.02% of the company.

The stock closed 19 sen or 19.5% down to 78.5 sen. It was the most active counter of the day, with 68.76 million shares being done.

This is a 58% descent from its initial public offering (IPO) price of RM1.85. At current levels, the stock is also trading at a price earnings ratio (PER) of 8.32 times its 2014 earnings.

Analysts when contacted feel that Icon shares could continue to suffer from overhang issues until Ekuinas and probably Jamal make clear their long-term strategy for the company.

“While the downside may be limited due to its single-digit valuation, the upside will definitely be capped by the overhang issues,” said an analyst.

As Ekuinas is a private equity company with a time horizon of some three to five years, and given that its investment in Icon started in 2012, this implies that the Government-funded firm may potentially exit the group by 2017.

“But that does not have to be the case. It will all depend on the kind of valuations Ekuinas has on Icon. Why should they sell when the market does not favour O&G stocks,” said a fund manager.

In June, Ekuinas successfully listed Icon, one of its investee companies, selling a 44% stake at what appeared to be a toppish valuation of 24 times PER (based on its IPO price of RM1.85 and earnings per share of 7.61 sen last year).

For the third quarter ended Sept 30, 2014, Icon’s net profit was down 16.89% to RM18.95mil on the back of a 22.7% decrease in revenue to RM79.75mil.

After Icon’s listing, Maybank Investment Bank Bhd had enacted some price stabilisation action to support its share price.

During the period between June 25 and July 24, Maybank had undertaken stabilising actions, where a total of 43.67 million shares were purchased at a price range of between RM1.80 and RM1.85. The last purchase was made on July 24 at RM1.80.

Icon is the largest pure play offshore support vessel (OSV) provider in Malaysia and one of the largest in South-East Asia (SEA) by fleet size, according to an Infield Systems report.

It owns and operates 32 Malaysian-flagged vessels and has one of the youngest vessel fleets in the region, with an average age profile of five years (SEA’s industry age average is 11 years).

Icon can trace its early history to Tanjong Offshore Bhd. In 2012, Ekuinas bought Tanjong Offshore’s marine vessel service arm, Tanjung Kapal Services Sdn Bhd, for RM220mil.

However, the OSV sector is now undergoing an oversupply situation, especially among the smaller players, where margins have been coming down. The sector is expected to face more pressure next year in the face of lower oil prices and reduced expenditure by Petroliam Nasional Bhd (Petronas), which on average spends some RM60bil a year.

Petronas has said that it would cut expenditure by between 15% and 20% next year in line with the lower oil prices.

Posted by lloydlim > 2014-12-23 22:10 | Report Abuse

0.60 is confirm! Time will tell!

Posted by Azli > 2014-12-23 22:42 | Report Abuse

http://www.bloomberg.com/energy/

Posted by Azli > 2014-12-23 22:47 | Report Abuse

http://mobile.bloomberg.com/news/2014-12-23/oil-rises-as-investors-weigh-u-s-supplies-against-opec-strategy.html

Posted by alivetoinvest > 2014-12-23 23:17 | Report Abuse

1.00 lai liao

Posted by hula > 2014-12-23 23:23 | Report Abuse

Once the "VVIP" speak up about Icon, surely will rebound to RM1.00

Posted by alivetoinvest > 2014-12-23 23:25 | Report Abuse

Yalah 1.00 no problem

Posted by hula > 2014-12-23 23:36 | Report Abuse

2015 wil see malaysia find 2 biggest oil discoveries........and more good news for Icon RM2 also can hit

Posted by Drago Tian > 2014-12-24 01:30 | Report Abuse

Icon bagus Besok lagi bagus

Posted by Explode > 2014-12-24 07:26 | Report Abuse

Today will stand on 0.800, ca 0.070

Posted by maya1301 > 2014-12-24 08:14 | Report Abuse

http://klse.i3investor.com/servlets/fdnews/222979.jsp

Posted by berakah > 2014-12-24 08:21 | Report Abuse

next week RM1.00, CA 0.170

Posted by callme777 > 2014-12-24 08:22 | Report Abuse

The rebound will come once the volume drops. We had 68 and 64 mil shares traded. Let's hope it's half of that today.

Posted by flyup888 > 2014-12-24 08:22 | Report Abuse

today up up?

Posted by orgkaya > 2014-12-24 09:00 | Report Abuse

ini share ma halage minyak naik lia tulun halage minyak tulun dia mamapus

Posted by stonenut > 2014-12-24 09:06 | Report Abuse

Dont worry tp1.80 can achieve..already parking my cash....if cant achieve I potong kuku

Posted by sheep > 2014-12-24 09:09 | Report Abuse

Thestar: Ekuinas: No plan to sell Icon stake

Can go in and buy buy buy?

Posted by Explode > 2014-12-24 09:30 | Report Abuse

cheap sale...should stand 1.00 next week

Posted by alivetoinvest > 2014-12-24 09:47 | Report Abuse

soo volatileeeeee

Posted by nooniez > 2014-12-24 09:49 | Report Abuse

aku tunggu 0.7

Posted by callme777 > 2014-12-24 09:57 | Report Abuse

Fake sellers, put millions up than withdraw. Good, that means the rebound will be stronger when it comes