ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.28

Today's Change

0.00 (0.00%)

Day's Change

1.27 - 1.35

Trading Volume

4,833,000


11 people like this.

12,150 comment(s). Last comment by mf 8 hours ago

Good_News

601 posts

Posted by Good_News > 2015-12-28 09:09 | Report Abuse

Up 5 sen today and also active.

elvingan

243 posts

Posted by elvingan > 2015-12-28 09:24 | Report Abuse

i think
can go to RM 0.50 today...

nelayan

217 posts

Posted by nelayan > 2015-12-28 09:25 | Report Abuse

finally...its come....

annmix

1,521 posts

Posted by annmix > 2015-12-28 09:33 | Report Abuse

What cause the surge today? Valuecap effect? Dont see any bursa annoucement also.... before this somebody here keep saying will drop below 20sen, so now what ?!

bjgdila123

3,470 posts

Posted by bjgdila123 > 2015-12-28 12:08 | Report Abuse

buy for window dressing

Posted by Kuang Hebe > 2015-12-28 16:58 | Report Abuse

any news

Icon8

737 posts

Posted by Icon8 > 2015-12-28 22:23 | Report Abuse

bjgdila123 I agree with u.

Posted by bjgdila123 > Dec 28, 2015 12:08 PM | Report Abuse
buy for window dressing

LATO' SELI

394 posts

Posted by LATO' SELI > 2015-12-28 23:01 | Report Abuse

The new CEO is from Petronas Dagangan , hope for the best

zan122208

52 posts

Posted by zan122208 > 2015-12-29 00:25 | Report Abuse

Amir Hamzah do miracle when he was in PETRONAS Dagangan. That was the time when the share price jumps from RM 16++ to RM 30++.

red_85

1,259 posts

Posted by red_85 > 2015-12-29 00:26 | Report Abuse

rhx

Posted by Bigboss001 > 2015-12-29 01:45 | Report Abuse

Will Be Up~

moxmerox

32 posts

Posted by moxmerox > 2015-12-29 10:28 | Report Abuse

Today no show already

SHQuah

5,363 posts

Posted by SHQuah > 2015-12-29 15:44 | Report Abuse

ICON recently high trading volume......watch up

SHQuah

5,363 posts

Posted by SHQuah > 2015-12-29 15:45 | Report Abuse

Maybe due to new CEO with new contract

nelayan

217 posts

Posted by nelayan > 2015-12-29 15:48 | Report Abuse

show start............

sunztzhe

2,248 posts

Posted by sunztzhe > 2015-12-29 22:20 | Report Abuse

Posted by sunztzhe > Nov 13, 2015 04:46 PM | Report Abuse X

ICON had already BOTTOMED..It is consolidating sideways now. After the consolidation is over, ICON will GO UPTREND. This is a good opportunity to buy ICON as there is little downside now for Crude Oil.
--------------------------------------------------------------------
Congrats to those who bought in.
Sideways consolidation is OVER. UPTREND had already started. Immediate resistance is 50 cents. Given time, it will challenge its all time high of 2.19.

GreenTrade

645 posts

Posted by GreenTrade > 2015-12-29 23:42 |

Post removed.Why?

ongmarine

85 posts

Posted by ongmarine > 2015-12-30 07:10 | Report Abuse

my friend the new CEO will also have a tough time to consolidate due to the oil price and furthermore the vessels are in a terrible state of condition. We in the oil and gas especially the in marine sector know the condition of each vessel this the industry comment.

sheep

3,849 posts

Posted by sheep > 2015-12-30 08:26 | Report Abuse

Window dressing only. Next week sure drop.

SHQuah

5,363 posts

Posted by SHQuah > 2016-01-01 12:42 | Report Abuse

DUBAI (Reuters) - President Hassan Rouhani ordered his defence minister on Thursday to expand Iran's missile programme, in response to a U.S. threat to impose sanctions over a ballistic missile test Iran carried out in October.

http://www.thestar.com.my/news/world/2016/01/01/rouhani-says-iran-has-right-to-develop-missiles-expands-programme/

SHQuah

5,363 posts

Posted by SHQuah > 2016-01-01 12:42 | Report Abuse

Oil sanction could help oil price up again

SHQuah

5,363 posts

Posted by SHQuah > 2016-01-01 12:46 | Report Abuse

DUBAI (Reuters) - President Hassan Rouhani ordered his defence minister on Thursday to expand Iran's missile programme, in response to a U.S. threat to impose sanctions over a ballistic missile test Iran carried out in October.

"As the U.S. government is clearly still pursuing its hostile policies and illegal meddling ... the armed forces need to quickly and significantly increase their missile capability," Rouhani wrote in a letter to Defence Minister Hossein Dehghan, published on the state news agency IRNA.

U.S. President Barack Obama's administration is preparing new sanctions against international companies and individuals over Iran's ballistic missile programme, sources familiar with the situation said on Wednesday.

sharktank

805 posts

Posted by sharktank > 2016-01-04 14:12 | Report Abuse

well insiders are buying as the demand is picking up and cost of reduce by 30% loh.

sheep

3,849 posts

Posted by sheep > 2016-01-04 14:42 | Report Abuse

China shares slump 7%, trading halted for rest of day

SHANGHAI: China's benchmark CSI300 share index tumbled 7% on the first session of 2016 on Monday, prompting the stock exchange to halt trading for the rest of the day.

The "circuit breaker" suspension mechanism first came into effect on Monday.

Stocks slumped after weak factory activity surveys soured hopes that the world's second-largest economy will enter the new year on better footing, and selling intensified throughout the day.

Investors also dumped stocks ahead of the imminent expiration of a share sales ban on listed companies' major shareholders, which had been imposed during the market crash last summer. - Reuters



Tomorrow might see another circuit breaker suspension if panic sets in......bo chow ccccccccccccccccccccc..................arrrrrrrrrrrr

firehawk

4,782 posts

Posted by firehawk > 2016-01-13 16:39 | Report Abuse

what is the IPO price? 1.85?

riff

226 posts

Posted by riff > 2016-01-17 19:19 | Report Abuse

Saudi stock market crashed today. -7.13%

https://www.google.com/finance?q=TADAWUL%3ATASI&ei=c3CbVrjeEs_DugTvk6vADg

The One

2,949 posts

Posted by The One > 2016-01-18 14:25 | Report Abuse

Some O&G related companies can still survive (and securing new contracts) during this weak oil prices era.. but some companies cannot withstand the hardship and will eventually perish..

BN_menang

2,982 posts

Posted by BN_menang > 2016-01-18 16:39 | Report Abuse

Even oil drop no cut projects given to Icon because Icon is GLC.

Icon8

737 posts

Posted by Icon8 > 2016-01-19 15:26 | Report Abuse

Low oil price can help reduce fuel expenses. Recent contracts won will mean coming QR better.

SHQuah

5,363 posts

Posted by SHQuah > 2016-01-19 16:21 | Report Abuse

6.4% reduction in Russian oil exports would translate into a drop of around 460,000 barrels a day, according to the Telegraph.

http://www.marketwatch.com/story/could-this-surprising-factor-save-oil-from-iran-fueled-slide-2016-01-15

Desa20201956

2,286 posts

Posted by Desa20201956 > 2016-01-24 11:47 | Report Abuse

with the IPO money, ICON already bot yatch.
=============
CUTLOST > Jan 24, 2016 11:45 AM | Report Abuse

Icon will close shop next year

Desa20201956

2,286 posts

Posted by Desa20201956 > 2016-01-24 11:47 | Report Abuse

not bad for a dentist.

Icon8

737 posts

Posted by Icon8 > 2016-01-25 03:39 | Report Abuse

Oil Price Rise To $50 Likely By Q4 2016 As Market Fundamentals Have Not Materially Altered
http://www.forbes.com/sites/gauravsharma/2016/01/22/oil-price-rise-to-50-by-q4-2016-likely-as-market-fundamentals-have-not-materially-altered/#52b27a2a550c

stockmanmy

6,977 posts

Posted by stockmanmy > 2016-01-25 03:58 | Report Abuse

now, that's talking. $50 oil is more believable.

SHQuah

5,363 posts

Posted by SHQuah > 2016-01-27 11:51 | Report Abuse

“We upgrade Icon, Perisai Petroleum Teknologi Bhd, SapuraKencana Petroleum Bhd (SapKen) and UMW O&G to trading buys with unchanged target price. These stocks, in our view, are oversold, attractively valued, high beta proxies to any potential rebound in oil prices and weaker US dollar,” Maybank IB said.

edryazlan

36 posts

Posted by edryazlan > 2016-01-28 12:48 | Report Abuse

what is the target price placed by Maybank IB for ICON??

Posted by Gore Abraham > 2016-02-02 09:21 | Report Abuse

42sen...........................if not mistaken

SHQuah

5,363 posts

Posted by SHQuah > 2016-02-04 07:38 | Report Abuse

A lot of stupid panic investors sell when the oil price is down. Then later buy back at higher price when oil price is up.
I always buy when oil price is down and hold on when oil price is up.
I've confident that oil price will go up above US$50 per barrel or even US$60 end of this year or maybe early next year.

sheep

3,849 posts

Posted by sheep > 2016-02-17 11:23 | Report Abuse

Ape ini?

The Edge Markets
Wednesday, February 17 2016

LATEST NEWS, CORPORATE
Icon in position to trade higher, says AllianceDBS Research

KUALA LUMPUR (Feb 17): AllianceDBS Research said Icon Offshore Bhd (Icon) was in position to trade higher and that Icon had on Feb 16 crossed over the 38 sen hurdle to settle at the day’s high of 38.5 sen (up 1.5 sen or 3.22%).

In its evening edition yesterday, the research house said the crossover of the 38 sen hurdle would likely see Icon trading upward with the next upside target pegged between 41 sen and 44 sen.

It said risk taking traders could establish a buying position at 38 sen on a small pullback.

“Once a buying position is established, a stop loss at 37.5 sen level must be placed for risk capital protection, and this 37.5 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM5 (excluding brokerage) for RM30 – RM60 potential profit, you may acquire 1,000 shares with a capital amount of RM380 assuming buying order is filled at 38 sen,” it said.

Q result will be bad...

6182al

305 posts

Posted by 6182al > 2016-02-18 04:27 | Report Abuse

D'nt worry it have drop to its lowest level it have no more grounds to drop further maybe side way while waiting for oil to rise, then.................boom time starts.

Icon8

737 posts

Posted by Icon8 > 2016-02-18 13:04 | Report Abuse

Now wait for QR news and ex-Petronas DM to join onboard. Oil rebound is another plus.

ihunter

711 posts

Posted by ihunter > 2016-02-18 22:27 | Report Abuse

Icon is currently headed by Datuk Abdul Rahman Ahmad, CEO of Ekuinas until Feb 29, 2016. Since the new ICON CEO, Amir Hamzah Azizan is a PETRONAS top executive, he can bring this counter to another level in the next few months to please his bosses - shareholder.

Since he knows what criteria must have to get contract from PETRONAS and other oil companies , many industry player anticipating that this company will get more contracts than its competitors this year. Not to mention that icon already has sufficient revenue/contract to survive in the next few years.

In addition to that, this is one of the local companies that still make money regardless oil price but making more money if oil price rise further.

So, VERY GOOD POTENTIAL COMPANY TO MAKE MONEY THIS YEAR!!!

sheep

3,849 posts

Posted by sheep > 2016-02-18 22:38 | Report Abuse

I - CON counter Wanna be con again?

Harold Huong

1,036 posts

Posted by Harold Huong > 2016-02-23 21:56 | Report Abuse

Let wait for result to release

sheep

3,849 posts

Posted by sheep > 2016-02-26 10:41 | Report Abuse

going down... poor/negative result?

ihunter

711 posts

Posted by ihunter > 2016-02-26 18:36 | Report Abuse

Oil price is going up. It's normal strategy that being used by fund companies to bring the price down by offering cheaper price but they tapau nicely. Same strategy being used for airasia today.
The price probably will gap up this monday.

Icon8

737 posts

Posted by Icon8 > 2016-02-28 18:05 | Report Abuse

OPEC Member: Production Freeze, $50 Oil is Coming
http://www.cnbc.com/2016/02/27/

mfbs

1,229 posts

Posted by mfbs > 2016-02-29 19:21 | Report Abuse

Very bad QR

mfbs

1,229 posts

Posted by mfbs > 2016-02-29 20:53 | Report Abuse

Lost 300m

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