We lose so much money buying Icon IPO at RM 1.80. Someone must be responsible. Is someone PM Najib? Look like we will vote PH or opposition next GE if Icon doesn't move up.
dear CV 1922, rumours on pushing icon price is speculation, where is the price support? the company is losing so where is the profit. that's is the problem of Malaysian buying base on rumours only and then blame others
my friend so many of the vessels are laid up and when the market is up again they have to spend a lot of money to bring the vessel to class and it takes time.
i cannot give a TP.. but what I can say is when OPEC and Russia starts to cut production other than output freeze, panic buying will sets in.. Oil & Gas companies share price is already at it lowest, it is very hard to slump from the current price..
SK Petrol have started to move will the rest of the oil base company follow suit ??????????????? ICON started to hibernate first will it be the first to wake up ??????
The management TEAM of ICON is real great , now is only to wait for QR result ,by having part its floating vehicles on HOT STANDBY, It is able to get income as soon as its service is needed. Great planning.
KUALA LUMPUR: Despite the soft offshore support vehicles (OSV) market, Icon Offshore Bhd’s average OSV utilisation is set to improve in the third quarter (Q3) of this year.
Maintain buy call with an unchanged target price of 42 sen: The offshore support vessel (OSV) market generally remains soft. The daily charter rate (DCR) is softening, but utilisation is strengthening.
Icon Offshore Bhd will take delivery of a new accommodation workboat (AWB) ahead of the first quarter of the financial year ending Dec 31, 2017 (1QFY17) schedule, driving expectations of securing a charter.
It also managed to defer some principal debt repayments by three years, a positive to its cash flow. There are no firm mergers and acquisitions for now, although Icon Offshore is expected to be at the forefront of OSV consolidation activity in Malaysia.
As a Master of Arts holder in Economics from Cambridge University in the UK and a member of the Institute of Chartered Accountants in England and Wales, Abdul Rahman is also currently a board member of several organisations including Icon Offshore Bhd, Axiata Group Bhd, RHB Bank and RHB Investment Bank Bhd, DRB-Hicom Bhd, Astro Malaysia Holdings Bhd and M+S Pte Ltd, a joint-venture company of Khazanah Nasional Bhd and Temasek Holdings (Private) Ltd. http://www.theedgemarkets.com/my/article/hamad-kama-piah-retire-pnb-president-and-ceo
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Posted by BN_menang > 2016-07-18 15:49 | Report Abuse
Oil has stablised so coming QR Icon can make profit from RM 700 million order books?