Posted by jolie2 > 2015-05-02 08:17 | Report Abuse

sorry... no offense to other graduate but just want to wake-up this special graduate from UM (that need special attention) that keep on mimpi with high tp eventhough having the following reason
a) macc probe
b) oil price low
c) uncertainties

Posted by jolie2 > 2015-05-02 09:05 | Report Abuse

let me calculate where is the bottom after 6 months... if each month got one bad news reported.
let's assume each month drop 2.5 cents
after 6 months is 6x2.5 = 15 cents

Means current price 0.575 - 0.15 = 0.42 cents by end of Oct 15.
By the way, this is only standard 6 qualification analysis only.

If you want, high-level UM standard analysis, pls ask rich... he may give tp 2.50 after 6 months.

Posted by jolie2 > 2015-05-02 09:13 | Report Abuse

low level qualification (investment bang) will give you low tp.
high level qualification (investment bank) will give you high tp.
stupido level qualification (stupidocipapo ban) will give you " i very smart... i catch the falling knife" tp.

Posted by jolie2 > 2015-05-02 09:38 | Report Abuse

this person is too high-level qualification

http://www.ibtimes.co.uk/malaysian-maths-genius-was-secret-web-pervert-who-kept-life-size-mannequin-young-boy-1499316

Posted by rlch > 2015-05-02 12:49 | Report Abuse

jolie2 Aiyah... last time difference b'cos last time this dr jamal is not really caught by macc yet. That's why i rate high. Now appear on news already somemore you want me to rate high-kah ?
Those graduate analysis (having CFA / CPA degree) can still rate high-lah but not me as i3 analyst anymore.

If Jamal caught by MACC do a lot of changes happen in Icon? Petronas still pay Icon base on work they carried out not whether their CEO come to work or go elsewhere.

Posted by rlch > 2015-05-02 12:51 | Report Abuse

Icon EPS 7.4 sen. If PE 10 TP 74sen; PE 15 TP RM1.11.

Posted by GGmalaysia > 2015-05-02 13:18 | Report Abuse

sorry rich, i don't believe in your statement, for at least in the year of 2015

Posted by rlch > 2015-05-02 15:57 | Report Abuse

Coming QR will proof who is right. I know the recent slide is due to many of you sold cheaply because of the MACC news.

Posted by rlch > 2015-05-02 16:03 | Report Abuse

Posted by jolie2 > May 2, 2015 08:10 AM | Report Abuse
By the way, i'm only having standard 6 leaving school certificate.

Can you trust jolie2? My time no more this certificate. You must be an old lady(over 60 years old?).

Posted by rlch > 2015-05-02 16:39 | Report Abuse

Tabung Haji buying and buying.
http://klse.i3investor.com/servlets/stk/annchsh/5255.jsp

Posted by paulthesotong > 2015-05-03 16:46 | Report Abuse

Ekuinas- "Does not manage the co but leave it to the CEO n management team to deal with daily operation. We sit on the board but We rely on the management to run the business" Seem like the ship lost in the middle of the Pacific Ocean!

Posted by Raymond Tiruchelvam > 2015-05-03 17:52 | Report Abuse

this jamal CEO guys is a baffling case..... after IPO he shd be a multi millionaire already, samore with IPO priced so high... what could he be possibly doing that has MACC on his back, and why sell his shares.... why the urgency for money while you are heading a company with hundreds of millions in book order and seem to be a petronas darling and backed up by Ekuinas (national bumi investment arm) ???

Posted by MrNobody > 2015-05-03 18:26 | Report Abuse

Moral of the story. Anything with a name icon. Is garbage. Be it offshore or 8888
Laughdieme Liao.

Posted by jolie2 > 2015-05-04 08:15 | Report Abuse

today star reported :
should ekuinas decide to divest its entire 42.3% stake in icon for 57.5 cents, the fund would be pocketing some RM284 mil, which is still a good return compared to initial of their investment (which they bought tanjong offshore vessel and omni petromarine for a total of RM 440 mil).

That's why, this gang really i-corner and i-con all the corner investor and ikan bilis during the IPO which Super-High IPO price.

Those who still bought this stock at 57.5 cents really STUPIDO.
Why not wait until below 50 cents ?

Posted by rlch > 2015-05-04 09:27 | Report Abuse

Why Tabung Haji is so stupid to buy at 70sen recently?

Posted by rlch > 2015-05-04 09:28 | Report Abuse

Edge said Icon trade at prospective PE 5.65 times this year so this year profit will be higher than 2014 despite MACC issue.

Posted by jolie2 > 2015-05-04 09:40 | Report Abuse

all this private equity is really professional flippers.
flip here, flip there.... make profit 3 times their investment.
Now left ikan bilis swing here, swing there and catch the falling knife just try to make the kacang putih profit .... hahahaha....

Posted by cipapo > 2015-05-04 09:54 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/05/04/Ekuinas-stays-in-Icon/?style=biz


Fund to continue backing plans to grow O&G firm’s business regionally

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has dismissed any notion of it wanting to exit Icon Offshore Bhd, an oil and gas (O&G) service provider that is under probe for alleged corrupt practices.

Ekuinas which has a 42.3% stake in Icon, would continue with its support of the current management of Icon that plans to grow the business regionally.

“We believe in the long-term value of Icon. It doesn’t make sense for us to sell our investments at low prices because we are here to maximise our value,” CEO Datuk Abdul Rahman Ahmad (inset pic) told StarBiz at the sidelines after Ekuinas’ 2014 results announcement on Thursday.

“We hope we can go through this tough period by maintaining our utilisation of (Icon) and push forward our strategy to build Icon to grow internationally,” he said.

Icon’s share price had taken a beating the last two weeks to trade at its new low of 57 sen last Wednesday, after the Malaysian Anti-Corruption Commission (MACC) detained the company’s two top executives last week to assist in investigations.

Subsequently, Icon has given a six-month leave of absence to the two key executives, who are siblings, to enable them to focus on assisting investigations by the MACC.

The counter closed at 57.5 sen last Thursday, a 22.3% decline year to date and some 69% drop from its initial public offering price of RM1.85.

At the share price Icon was trading, its PE ratio stood at a mere 5.37 times multiple of 2015 earnings and a market capitalisation of RM677mil.

On Ekuinas’ immediate plan for Icon, Abdul Rahman said the government-linked private equity fund would lend its support to the current management of Icon, which is now led by deputy CEO Capt Hassan Ali.

“Our role is to assist Icon’s current management such as providing the necessary resources to ensure the company continues to grow, especially in this current challenging period for the O&G sector,” he said.

Before the MACC probe became public, Icon’s strategy was to grow in the region and was open for potential acquisitions. This was also in line with Ekuinas strategy of creating value from undervalued companies.

Abdul Rahman explained that Ekuinas’ strategy had always been buying a few private companies and consolidating them to create market leaders.

This strategy was how Icon came about. Ekuinas put together Icon by merging Tanjung Offshore Bhd’s offshore support vessel (OSV) business – Tanjung Kapal Services Sdn Bhd - with Omni Petromaritime Sdn Bhd back in November 2012.

Ekuinas bought Omni for RM220.9mil and Tanjung Offshore’s marine vessel arm for RM220mil cash.

Ekuinas floated Icon on Bursa Malaysia in June last year and reaped total proceeds of RM545.4mil which gave it a gross internal rate of return of 68% per annum.

Should Ekuinas decide to divest its entire 42.3% stake in Icon today, the fund would be pocketing some RM283.8mil, which is still a good return compared to its initial invesment.

However, this amount is significantly low compared to about RM921.2mil proceeds it could gain if it has sold its 42.3% stake last year when oil and gas stocks commanded higher valuations.

Icon owns and operates 34 OSVs, which makes the company the largest pure-play OSV provider in Malaysia and one of the largest in South-East Asia by fleet size. Icon is currently operating in Malaysia, Thailand and Qatar.

According to Ekuinas’ 2014 annual report, the O&G sector represents more than 43% of its total investment portfolio. Apart from Icon, Ekuinas also has exposure to the sector through Orkim Sdn Bhd, a clean petroleum product (CPP) tanker company that it acquired last year. Ekuinas bought a 95.5% stake for RM346.3mil.

Orkim currently transports CPP from refineries to various oil storage terminals with a market share of 30%in Malaysia. Its customers include Petronas and Shell.

On a possible consolidation of Ekuinas’ oil and gas businesses under Icon, Abdul Rahman said the fund had no plans yet to inject Orkim into Icon for now.

Posted by jolie2 > 2015-05-04 10:52 | Report Abuse

you olang sudah con kita satu kali sudah cukup-lah
you mahu berapa kali mahu con kita ?
you ingat kita stupido-kah?
you ingat kita UM graduate-kah ?
you ingat kita manyak suka minum itu kickapoo juice-kah ?

Hahahaha.......
https://www.youtube.com/watch?v=MJxIKsHmOmQ

Posted by cipapo > 2015-05-04 10:58 | Report Abuse

haha jolie.....my lurve!!!!.....can tell us tomorrow whether are you causing icon to drop further??...let us know ya....kikiki

Posted by paulthesotong > 2015-05-04 11:03 | Report Abuse

Jolie, SOS ( Save our Souls).

Posted by jolie2 > 2015-05-04 11:31 | Report Abuse

ini share dia punya PE ZEROCON , pun tarak olang mahu beli
ini share betul-betul CELAKON punya share.
Kasi olang betul-betul POKAI-CON,

Posted by ladyluck > 2015-05-04 18:39 | Report Abuse

Jolie2 u tak mau beli .. u boleh belah
Jolie2 u pun sama sama celaka punya olang
Jolie2 u jolie2 innvesmet pokai con man ....

Posted by jolie2 > 2015-05-04 20:30 | Report Abuse

ladyluck frustrated b;cos i kacau her lover luvchem.
Can't blame this crazy ladyluck b'cos she is like the petaling street lady going bonker.
i think ladyluck is actually the petaling street lady ... no money to pay the chicken rice after lost in luvchem.

https://www.youtube.com/watch?v=aD5FeGkrw18

Posted by rlch > 2015-05-04 20:38 | Report Abuse

jolie2 ladyluck is smarter than you. You should learn from her.

Posted by jolie2 > 2015-05-04 20:42 | Report Abuse

Yes, i think she from UM also.... very smart ..... Hahahahaha.

Posted by tanbb > 2015-05-04 20:54 | Report Abuse

crude oil now is 59++..tmr lets see..

Posted by tanbb > 2015-05-04 22:28 | Report Abuse

buy buy buy..haha

Posted by rlch > 2015-05-05 09:07 | Report Abuse

Oil rises to 2015 high of US$67-NST May 5.

Posted by ladyluck > 2015-05-05 09:39 | Report Abuse

Jolie2 the video look so familiar is youlah...walaueh so chio u...always sabotage ppl share.. .i see u also beh tahan.....i know yur tropicana drop dont like thatlah i belanja u chicken rice and add sone tapiocana....haha

Posted by ladyluck > 2015-05-05 09:45 | Report Abuse

Jolie2 sory ah .....i study untill form 5 nia ...disappoint u ah.. Not like u study so much but yur invesment vry kns ..

Posted by speakup > 2015-05-05 14:32 | Report Abuse

icon is back!

Posted by speakup > 2015-05-05 14:33 | Report Abuse

now all rebut beli.

Posted by jolie2 > 2015-05-05 15:03 | Report Abuse

olang mahu keluar dari lubang yang gelap dan busuk,, you olang mahu rebut-rebut masuk....
hahahaha...................

Posted by rlch > 2015-05-05 15:15 | Report Abuse

Good news from Ekuinas not selling cheap.

Posted by jolie2 > 2015-05-05 15:19 | Report Abuse

anICONda..... family of anaconda

Posted by jolie2 > 2015-05-05 15:33 | Report Abuse

itu lubang ada aniconda yang besar .. nama aniconda itu ialah Richie... dia Ular Malaya (UM) baca punya.... hahaha...

Posted by rlch > 2015-05-05 15:35 | Report Abuse

If Ekuinas don't want to sell Icon cheap why must i3 forummers sell cheap and at a loss?

Posted by jolie2 > 2015-05-05 15:41 | Report Abuse

itu aniconda baca buku terbalik punya... olang cakap mahal, dia masih cakap cheap, cheap, cheap....

Posted by rlch > 2015-05-05 15:47 | Report Abuse

If Ekuinas don't want to sell Icon cheap(with profit) why must i3 forummers sell cheap and at a loss?

Posted by jolie2 > 2015-05-05 15:47 | Report Abuse

you olang mahu masuk itu lubang aniconda.... masuk slow-slow-lah.. man-man lai...

Posted by rlch > 2015-05-05 15:49 | Report Abuse

Icon 58.5sen tak murah Armada RM1.23 murah? Panggil budak sekolah rendah pun tau mana satu betul.

Posted by jwyap > 2015-05-05 19:54 | Report Abuse

oil price up to $67.30 now.
show time soon.

Posted by tanbb > 2015-05-05 20:12 | Report Abuse

jwyap..bagus tu..bagus sekali..but crude oil 59.9 only now..

Posted by jwyap > 2015-05-05 21:12 | Report Abuse

bagus tak bagus masih tidak tahu, haruslah semua oil stocks counter naik ikut harga oil, tapi hairan semuanya masih berdiri diharga yang terendah. (masa oil price $50), saya sangkankan mereka akan kembali selepas contra habis di sapur.

Posted by rlch > 2015-05-06 09:08 | Report Abuse

Crude Oil (WTI) USD/bbl. 60.72 +0.32
Crude Oil (Brent) USD/bbl. 67.71 +0.19

2015 peak. Good for Icon.

Posted by speakup > 2015-05-06 09:12 | Report Abuse

dont let Doktor Gigi say "I Con" u again :-)

Posted by rlch > 2015-05-06 09:20 | Report Abuse

Icon own by Ekuinas, 100% owned by government. BN win in Rompin ensure good future for Icon and to easier to win PETRONAS O&G contract.

Doktor gigi tak payah kerja. Ada orang boleh ganti dia.

Posted by jester21 > 2015-05-06 10:48 | Report Abuse

Jamal during board meeting already threaten chairman will walk out anytime maaaaa.what more now millionaire

Posted by rlch > 2015-05-06 11:11 | Report Abuse

Order book 3 years already secured so no Dr Jamal in Icon now not much is felt until end 2016.
http://www.thestar.com.my/Business/Business-News/2015/05/01/Ekuinas-to-prop-up-Icon/?style=biz