Posted by davidkkw79 > 2016-05-08 22:38 | Report Abuse

Everyone know BN sure will win next election lar.

Posted by Harold Huong > 2016-05-08 23:01 | Report Abuse

Let see ICON can move or still sleep mode

Posted by blackjack13 > 2016-05-09 15:46 | Report Abuse

exxonmobile come to a save... hope so.

Posted by annmix > 2016-05-09 17:42 | Report Abuse

stupid imdb still haunting bursa.. kesian all oi stock canot move altho wti n brent all up

Posted by SHQuah > 2016-05-10 13:22 | Report Abuse

BMI Research said that production in Asia was also falling: "We anticipate combined crude oil production in the region's largest producers, namely China, India, Malaysia and Indonesia, to fall by 4.9% in 2016 (equivalent to 331,500 bpd) as low oil prices and upstream spending cuts weigh on overall output."
10/05/2016 13:20

Posted by SHQuah > 2016-05-10 13:23 | Report Abuse

Adding Canada's disruptions to declines in Latin America and Africa, overall output has likely fallen by over 2 million bpd this year.

Posted by Harold Huong > 2016-05-11 21:39 | Report Abuse

Sound Arabian want to increase production...

Posted by SHQuah > 2016-05-12 16:25 | Report Abuse

Petronas will re active some projects when Brent Oil price above US$50.
Buy now........don't sell.

Posted by ongmarine > 2016-05-14 13:09 | Report Abuse

the vessels maintenance is not up to expectation. they have a huge fleet but the vessels are not properly maintained.

Posted by SHQuah > 2016-05-16 09:02 | Report Abuse

http://www.theedgemarkets.com/my/article/plantation-and-og-bright-spots-stock-market

He said well-integrated oil and gas (O&G) stocks are one area the fund manager believes could pique investor appetite. MIDF Research analyst Aaron Tan said it may be time to accumulate O&G stocks now, but with caution. “If you look at Icon Offshore Bhd, which won the ExxonMobil [RM42 million vessel supply] contract recently,

Posted by Icon8 > 2016-05-16 09:09 | Report Abuse

Brent oil USD 47.9.
http://www.bloomberg.com/energy

Posted by SHQuah > 2016-05-16 10:56 | Report Abuse

http://www.cnbc.com/2016/05/15/oil-prices-rise-on-nigeria-venezuela-disruptions.html

Oil price going to recover in afternoon.

Posted by SHQuah > 2016-05-16 16:22 | Report Abuse

http://www.theedgemarkets.com/my/article/oil-prices-jump-goldman-sachs-says-market-flips-deficit

Posted by SHQuah > 2016-05-17 16:29 | Report Abuse

http://www.theedgemarkets.com/my/article/icon-offshore-sees-better-prospects-oil-prices-improve

Posted by SHQuah > 2016-05-17 16:29 | Report Abuse

KUALA LUMPUR (May 17): Offshore service vessel player Icon Offshore Bhd expects the oil and gas sector's activities to increase as oil prices recover further, which, in turn, would benefit the company.

"We think as we move forward there is light at the end of the tunnel. As the oil prices stabilise, there will be a little more activities coming in the market which will help us," Icon Offshore managing director Amir Hamzah Azizan told reporters after its annual general meeting today.

He also noted that initiatives taken by the company to restructure its capital and operating cost, and drive fleet utilisation through competitive bidding has already shown positive signs.

He hopes the company will maintain its utilisation rate of 60% and aggressively tender new projects.

As at March 31, Icon Offshore has an order book of RM640.1 million.

As for the expansion overseas, he said the company will focus on the Brunei market.

Currently, the contribution of its expansion outside Malaysia stands at 27%.

Posted by Icon8 > 2016-05-17 19:47 | Report Abuse

Icon Offshore bidding for long term jobs in Brunei

KUALA LUMPUR: Icon Offshore Bhd is aggressively bidding for long-term contracts in Brunei as part of its regionalisation strategy this year.

Its managing director Amir Hamzah Azizan said on Tuesday that they were hoping to secure other long term contracts in the country after the group's recent RM51mil contract from Borneo Seaoffshore Sdn Bhd.


"We are making a big push in Brunei. This is our primary regional market," he said during a press conference after the group's AGM here.


He said the offshore support vessel (OSV) service provider was also looking at other opportunities for long-term business in the region.

For the fourth quarter ended Dec 31, Icon Offshore’s vessels utilisation rate dropped to 56.5% from 76.1% in the same quarter in 2014.

The company posted a net loss of RM376.89mil during the quarter from RM12.3mil net profit previously, due to a kitchen sinking exercise that included impairment of assets about RM195mil and impairment of goodwill of RM181mil.
http://www.thestar.com.my/business/business-news/2016/05/17/icon-offshore-bidding-for-long-term-jobs-in-brunei/

Posted by SHQuah > 2016-05-26 11:20 | Report Abuse

With the current Brent oil price US$50. Once Petronas come up some good news. Oil stocks fly north.

Posted by raysim88 > 2016-05-26 21:42 | Report Abuse

hoseh liao....negative profit again

Posted by BN_menang > 2016-05-26 21:49 | Report Abuse

Due to oil drop to 12 year low(below USD 30) in Q1 2016. Now oil rebound almost USD 50 next qtr QR should be better.

Posted by raysim88 > May 26, 2016 09:42 PM | Report Abuse
hoseh liao....negative profit again

Posted by Icon8 > 2016-05-28 09:57 | Report Abuse

Icon optimistic about outlook
http://www.thestar.com.my/business/business-news/2016/05/28/icon-optimistic-about-outlook/

Posted by Hunter Cho > 2016-06-03 01:51 | Report Abuse

this will fly soon

Posted by annmix > 2016-06-06 23:07 | Report Abuse

seems like after result no power...

Posted by Hunter Cho > 2016-06-06 23:16 | Report Abuse

this is business in the making - cool and calm - but this cannot stay for too long...

Posted by zan122208 > 2016-06-06 23:47 | Report Abuse

Hope to double my investment with ICON.

Posted by BN_menang > 2016-06-07 05:07 | Report Abuse

Brent crude USD 50.55
http://www.bloomberg.com/energy

Posted by Hunter Cho > 2016-06-07 11:43 | Report Abuse

wow somebody bought 1.2M shares this morning

Posted by SHQuah > 2016-06-07 16:33 | Report Abuse

Buy now and fast. Oil price very strong could hit US$60 soon.
Next year between US$80 to $90

Posted by Hunter Cho > 2016-06-07 22:43 | Report Abuse

although I agree with oil at USD60 soon, but icon can survive below at USD40

Posted by SHQuah > 2016-06-08 07:33 | Report Abuse

http://www.cnbc.com/2016/06/07/oil-going-to-60-companies-to-start-spending-again-oil-ceos.html

Oil going to $60, companies to start spending again: Oil CEOs

Posted by Hunter Cho > 2016-06-08 11:51 | Report Abuse

only RM300k left for 0.38 then this price will be gone

Posted by annmix > 2016-06-09 11:42 | Report Abuse

more seller each time, hard to go up..

Posted by Icon8 > 2016-06-09 16:34 | Report Abuse

Agree. Hopefully sellers not from i3 members. Icon can go up above 40 sen if oil remain above USD 50/bbl.

annmix more seller each time, hard to go up..
09/06/2016 11:42

Posted by Hunter Cho > 2016-06-09 23:58 | Report Abuse

ceiling has been removed, price target 50 sen

Posted by SHQuah > 2016-06-10 09:19 | Report Abuse

http://www.theedgemarkets.com/my/article/icon-prices-climb-higher-towards-405-sen-415-sen-near-term-says-hlib-research

Posted by SHQuah > 2016-06-10 09:19 | Report Abuse

KUALA LUMPUR (June 10): Hong Leong IB Research said Icon Offshore Bhd’s prices jumped 4% to 39 sen from year-to-date (YTD) low of 35 sen, accompanied by huge volume of 11 million shares and downtrend resistance breakout.

In a trading idea note today, the research house said it expects prices to climb higher towards 40.5 sen-41.5 sen in the near term before testing long term price target of 45.5 sen, as sentiment is boosted by recent rally in oil prices, expectations of strong core earnings CAGR growth of 50% from 2015-2018 and optimism that the new MD Amir Hamzah Azizan (top executive from Petronas) is able to restructure, rejuvenate and eliminate past negative perception of Icon.

Posted by Icon8 > 2016-06-10 10:23 | Report Abuse

Why no power despite HLIB report? Maybank also said TP 42 sen is a buy.

Posted by Icon8 > 2016-06-10 10:28 | Report Abuse

Problematic Dr Jamal no longer Icon CEO. New Icon CEO Amir Hamzah(former PETRONAS CEO son) is a former CEO with PETRONAS Dagangan who is credited to bring shareholder value from below RM 10 stock to above RM 20 currently.

Posted by Hunter Cho > 2016-06-10 10:45 | Report Abuse

this is human nature, when things are cheap they don't buy. when things become expensive, they would jump in like no tomorrow

Posted by annmix > 2016-06-10 11:53 | Report Abuse

today drop again...

Posted by Francislek > 2016-06-10 12:54 | Report Abuse

don't worry,next week it will fly.

Posted by Labuan > 2016-06-11 11:42 | Report Abuse

PM Najib we want PNB chairman Ahmad Sarji(PNB not buying Icon) out or you out. Which 1 you prefer to choose?

Posted by Parti_Amanah > 2016-06-14 14:52 | Report Abuse

BN only want your money(Icon listing) to help Bursa. After listing forget you all and let you all die.

Posted by Hunter Cho > 2016-06-21 02:53 | Report Abuse

price holding steady...

Posted by BN_menang > 2016-06-21 04:59 | Report Abuse

Brent crude above USD 50.
http://www.bloomberg.com/energy

Posted by Hunter Cho > 2016-06-21 20:49 | Report Abuse

this energy price will stay above for sure as most demand and supply data does not consider energy wastage, hence prices can no longer go lower due to demand outstripping production because of energy wastage...

Posted by Icon8 > 2016-06-22 13:33 | Report Abuse

Icon Offshore aims to consolidate OSV sector
http://www.theedgemarkets.com/my/article/icon-offshore-aims-consolidate-osv-sector

Posted by Hunter Cho > 2016-06-22 22:18 | Report Abuse

Consolidation at a right price, i foresee a lot of business dealings happening behind the scene

Posted by Good_News > 2016-07-02 11:25 | Report Abuse

Oil jumps on pre-holiday buying, Brent up 4 pct on week
http://www.theedgemarkets.com/my/article/oil-jumps-pre-holiday-buying-brent-4-pct-week

Posted by SHQuah > 2016-07-08 11:21 | Report Abuse

SINGAPORE (July 7): Ernst & Young’s recent survey “Capitalizing on opportunities: Private equity investment in oil and gas” found that 43% of the 100 private equity (PE) firms surveyed were planning acquisitions in the oil & gas sector for the first half year period of 2017.

That is up from the 25% figure before the end of 2016.

EY noted that favourable asset valuations and oil price consensus were among the main reasons for the planned acquisitions.

Furthermore, all of the respondents expected the Asia-Pacific region to see higher buyout activity in 2017, given lower costs, ease of doing business, and general macroeconomic growth which was drawing investors to the region.

44% of respondents were also in favour of the upstream or the midstream sectors for the best return on investment.

DBS analyst Ho Pei Hwa observed that the increased PE activity would make the upstream O&G segment more attractive to investors “if one believes that oil prices will recover further”.

“However, we would like to see more non-PE driven M&A activity, especially in the services segment, as that would more likely help spark a rationalisation of assets and capacity,” she writes in a note on Monday.

Posted by Good_News > 2016-07-16 12:24 | Report Abuse

It's penny stocks open season
http://www.theedgemarkets.com/my/article/its-penny-stocks-open-season