Posted by ihunter > 2016-02-29 20:56 | Report Abuse

Yes. USD50 oil is coming. Now, mineral water is more expensive than oil. Doesn't make sense when the oil resources getting lesser and lesser and expected no more oil in the next few decades.

Posted by Kian Kwok Lim > 2016-03-01 00:21 | Report Abuse

Go holland oledi..

Posted by ivan9511 > 2016-03-01 01:03 | Report Abuse

what will happen today ,
please tell me i buy a lot icon at 0,36. yesterday
this latest reports can say good or not ?
can I say good report ?

Posted by BN_menang > 2016-03-01 04:53 | Report Abuse

ivan9511 you may want to sell for 0.5 sen profit and buy back lower price.

Posted by BN_menang > 2016-03-01 04:54 | Report Abuse

ivan9511 the report is not so good. Since you bought at low price if you hold longer term you can make money as oil is starting to move up again.
http://www.bloomberg.com/energy

Posted by ihunter > 2016-03-01 06:11 | Report Abuse

Great news -
Oil price went up 3.4% today to almost $34 and heading to $40 in the next few weeks. Icon still making profit and this quarter expected to be better. Icon trades at 0.4x book and 0.9x EV/replacement value without taking into consideration potential profit from their new projects that they secured recently.

Posted by firehawk > 2016-03-01 09:19 | Report Abuse

QR ham kar chan, but price can hold!

Posted by ihunter > 2016-03-01 19:55 | Report Abuse

They are doing kitchen singking exercise. Of cause they will loss on paper but the fact is they still profit. This is the best way to run from tax. It is the same concept as small business buying more cars so that they can claim loss to avoid/reduce tax.

Posted by raysim88 > 2016-03-02 08:42 | Report Abuse

Anyone expert can explain the QR? In report i found their total cash and bank balance still have around RM 95m which increase compared to last year (RM 74m). What is their other expenses use for?

Posted by Icon8 > 2016-03-02 20:24 | Report Abuse

Reasons for loss.
(iv) Other expenses
Other expenses increased by RM372.4 million or more than 100% from RM4.5 million for the quarter ended 31 December 2014 to RM376.9 million for the quarter ended 31 December 2015, mainly due to impairment of goodwill amounted to RM180.6 million and impairment of property, plant and equipment ie. vessels amounted to RM195.4 million.

Posted by raysim88 > Mar 2, 2016 08:42 AM | Report Abuse
Anyone expert can explain the QR? In report i found their total cash and bank balance still have around RM 95m which increase compared to last year (RM 74m). What is their other expenses use for?

Posted by Icon8 > 2016-03-02 20:25 | Report Abuse

New MD bought Icon shares.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5019349

Posted by syevanee > 2016-03-03 12:48 | Report Abuse

still ok... from falling 60cts holding until now..

Posted by ivan9511 > 2016-03-03 20:20 | Report Abuse

thanks all you guys commet ,
I will hold thanks

Posted by wallace78 > 2016-03-05 09:19 | Report Abuse

Oil price keep on increasing, Monday will b a sunny day!

Posted by Harold Huong > 2016-03-05 12:46 | Report Abuse

Hope Hope, I still hold it and wish to buy more below 35cent

Posted by Harold Huong > 2016-03-05 12:46 | Report Abuse

MIB Buy Call but price steady...

Posted by Oil_n_Gas > 2016-03-10 05:31 | Report Abuse

Brent crude USD 40.84.
http://www.bloomberg.com/energy

Posted by Icon8 > 2016-03-11 11:55 | Report Abuse

Maybank latest TP 42 sen, 6 sen upside.

Posted by AK1882 > 2016-03-11 14:04 | Report Abuse

Time to invest in Icon......

Posted by BN_menang > 2016-03-13 22:46 | Report Abuse

Dr Mahathir terminated as PETRONAS adviser. Will Icon win over Mahathir son in getting PETRONAS contract?

Posted by ihunter > 2016-03-13 22:56 | Report Abuse

When Mahathir is out from petronas, will be bad news for SKPetro. Shahril s' father very close to Mahathir As a result, other local companies like icon and Armada will get all the advantages.

Posted by BN_menang > 2016-03-13 23:04 | Report Abuse

So SKP Petro or Yinson PETRONAS contract will transfer to Icon? No wonder Icon pick MD from PETRONAS.

Posted by AK1882 > 2016-03-14 12:43 | Report Abuse

Yes....agreed. ......Icon will get more contracts from Petronas

Posted by Harold Huong > 2016-03-15 20:18 | Report Abuse

Manage to add some 35cents...

Posted by ongmarine > 2016-03-16 09:48 | Report Abuse

ihunter, I think that is a wrong perception. SKP is on its own so please don't try to insinuate that sharil is not a capable person. He is a hard working person. fyi Icon is has to work harder than before to attain such stature like SKP. in oil business your name is your fame. the new guy has to prove his worth as before this the attachment is PETRONAS logo. Sorry I don't intend to offend anybody but that is the real business world in oil and gas.

Posted by SHQuah > 2016-03-17 15:20 | Report Abuse

Oil could touch US$50 by end of the year.
Hopefully next year US$70. By then Petronas will add back most if the big projects.

Posted by Blur2investor > 2016-03-18 12:53 | Report Abuse

Yes, oil will touch USD50 the end of the year......... 2020.

Posted by ihunter > 2016-03-18 13:52 | Report Abuse

Ongmarine,
I still have my share in Skpetro. I 'm not denying that Sharil is woking hard to ensure all his staff working harder. Unfortunately, he is not the only one working hard in O&G.
As for decision in O&G, the decision committee will prepare a decision case based on thier Chairman instruction. The chairman normally will choose company that they know and they can work with.

So, previously, Mahathir familiar with few o&g companies including skpetro. But now it will be replaced with somebody else and I believe unwritten rule has been given to him to ensure the company to select companies that have government interest.

The concept is, out left pocket, in right pocket. So the money remains in government control. Ekuinas is one of them.

Posted by augustinafederica > 2016-03-18 13:53 | Report Abuse

Hello everyone new to forum

Posted by Harold Huong > 2016-03-19 20:41 | Report Abuse

Let go ICON...go up 0.40-->0.50-->0.60 before Raya

Posted by Icon8 > 2016-03-20 13:52 | Report Abuse

Weekly Edge highlight Icon should take lead in O&G sector consolidation.

Posted by unclelim44 > 2016-03-24 10:02 | Report Abuse

good W15H

Posted by Icon8 > 2016-03-25 10:32 | Report Abuse

O&G Ships for Patrols?
http://www.malaysiandefence.com/og-ships-patrols/

Posted by SHQuah > 2016-03-29 11:27 | Report Abuse

http://www.theedgemarkets.com/my/article/rm136b-investments-pipeline-foreign-interests

Posted by SHQuah > 2016-04-01 10:33 | Report Abuse

Alam and Icon playing the same game.
If u can't hold, they will wait for u to sell......then u are a loser.
If u can hold for long term, u will be a winner.

Posted by Oil_n_Gas > 2016-04-12 07:25 | Report Abuse

Brent crude USD 42.83.
http://www.bloomberg.com/energy

Posted by SHQuah > 2016-04-12 10:46 | Report Abuse

http://www.cnbc.com/2016/04/11/oil-analyst-why-crude-could-double-in-2016.html

Posted by SHQuah > 2016-04-13 07:18 | Report Abuse

U.S. oil closed at 2016 highs on Tuesday after a report that top producers Russia and Saudi Arabia have agreed to freeze output ahead of a much-anticipated producers meeting on Sunday.
The output freeze news came as the U.S. government said that U.S. crude output was forecast to fall by 560,000 barrels per day

Posted by Harold Huong > 2016-04-13 20:45 | Report Abuse

still no movement...

Posted by SHQuah > 2016-04-18 16:39 | Report Abuse

Why Doha no-deal is actually great for oil prices.

http://www.cnbc.com/2016/04/18/why-doha-no-deal-is-actually-great-for-oil-prices.html

Posted by Harold Huong > 2016-04-20 21:39 | Report Abuse

Bad news Armada move HIGH, EPF keep selling
No news Icon no movement

Posted by Icon8 > 2016-04-21 14:44 | Report Abuse

Brent Crude USD 46.05.
http://www.bloomberg.com/energy

Posted by SHQuah > 2016-04-22 10:54 | Report Abuse

http://www.cnbc.com/2016/04/21/oil-at-85-by-the-end-of-the-year-rothman.html

Posted by stainlyho37 > 2016-04-27 15:46 | Report Abuse

next Cude oil may test USD50.00 !!!...

Posted by Icon8 > 2016-04-27 21:28 | Report Abuse

Icon 40-50 sen in May?

Posted by SHQuah > 2016-04-28 16:43 | Report Abuse

ICON share buy back soon.

Posted by raysim88 > 2016-05-06 20:25 | Report Abuse

secure RM 42 million contract.

Posted by Harold Huong > 2016-05-06 21:02 | Report Abuse

??

Posted by Icon8 > 2016-05-07 09:41 | Report Abuse

Icon Offshore bags RM42mil deal to supply vessels to ExxonMobil
http://www.thestar.com.my/business/business-news/2016/05/06/icon-offshore-bags-rm42mil-deal-to-supply-vessels-to-exxonmobil/

Posted by BN_menang > 2016-05-08 22:35 | Report Abuse

Sarawak polls show BN can win GE14, too
https://www.malaysiakini.com/news/340758