Posted by voon1901 > 2017-11-14 15:49 | Report Abuse

Bought at 27.5 sen. Thanks those selling cheap.

Posted by BN_menang > 2017-11-14 20:38 | Report Abuse

MCM still no news. Penergy only received it today. This mean Icon still got chance.
http://www.theedgemarkets.com/article/petra-energy-bags-mcm-services-job-petronas-carigali

Posted by i_investor > 2017-11-23 12:42 | Report Abuse

RECAP (read between the lines from the news announced previously):
MCM win. Deleum Berhad announced the award of PETRONAS’ Maintenance, Construction and Modification (MCM) Package (C) Peninsula Malaysia Offshore Gas as expected. The contract duration is for a period of 5-years on a call-out basis. The scope of works will generally include Topside Structural Maintenance, Hook Up and Commissioning and Facilities Improvement Program.
In partnership with Icon Offshore. Deleum Berhad will be partnering Icon Offshore Bhd (not rated) to provide offshore support vessels (OSV) for the works to be undertaken under the MCM contract. Icon Offshore will work under the capacity of a sub-contractor to Deleum.
REF: http://midf.com.my/images/Downloads/Research/Equity/Deleum/Deleum-Earnings-upcycle-in-2H18-onwards-MIDF-270917.pdf

Deleum Primera has established its track record and expertise to undertake these projects. Notwithstanding this, Deleum Primera shall ensure strict compliance to the safety and operational procedures in the execution of Contract’s requirements. An experienced Project Management Team will spearhead the project execution and will also lead and manage OEM contractors and other ESTEEMED CONTRACTORS to ensure quality service is provided on a timely basis.
REF PDF files in : http://www.malaysiastock.biz/Company-Announcement.aspx?id=1004347

Posted by curious2 > 2017-11-23 12:43 | Report Abuse

Why cannot open link?
http://www.midf.com.my/images/Downloads/Research/Equity/Deleum/Deleum-...

Posted by i_investor > 2017-11-23 12:43 | Report Abuse

http://www.midf.com.my/images/Downloads/Research/Equity/Deleum/Deleum-MCM-win-as-expected-MIDF-051017.pdf

Posted by i_investor > 2017-11-23 12:44 | Report Abuse

RECAP (read between the lines from the news announced previously):
MCM win. Deleum Berhad announced the award of PETRONAS’ Maintenance, Construction and Modification (MCM) Package (C) Peninsula Malaysia Offshore Gas as expected. The contract duration is for a period of 5-years on a call-out basis. The scope of works will generally include Topside Structural Maintenance, Hook Up and Commissioning and Facilities Improvement Program.
In partnership with Icon Offshore. Deleum Berhad will be partnering Icon Offshore Bhd (not rated) to provide offshore support vessels (OSV) for the works to be undertaken under the MCM contract. Icon Offshore will work under the capacity of a sub-contractor to Deleum.
REF: http://www.midf.com.my/images/Downloads/Research/Equity/Deleum/Deleum-MCM-win-as-expected-MIDF-051017.pdf

Deleum Primera has established its track record and expertise to undertake these projects. Notwithstanding this, Deleum Primera shall ensure strict compliance to the safety and operational procedures in the execution of Contract’s requirements. An experienced Project Management Team will spearhead the project execution and will also lead and manage OEM contractors and other ESTEEMED CONTRACTORS to ensure quality service is provided on a timely basis.
REF PDF files in : http://www.malaysiastock.biz/Company-Announcement.aspx?id=1004347

Posted by curious2 > 2017-11-23 12:51 | Report Abuse

Thanks. Sub contractor MCM. No MD can cut cost?

Posted by i_investor > 2017-11-23 12:58 | Report Abuse

curious2, you are welcome :) , Yes, indeed, the trim and slim organization structure will help to save those unnecessary management fixed cost in overhead ! This will push their management to perform better , keep only those are good !!

Posted by snwong13 > 2017-11-24 21:54 | Report Abuse

.
mproved and turning black in qtr3 after last 3 consecutive qtr losses..
no bad..
see how Monday going to react...

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=52...

Posted by ajibkor > 2017-11-27 11:43 | Report Abuse

Not belong to Ekuinas, a GLC?

Posted by i_investor > 2017-11-27 16:14 | Report Abuse

Raja Tan Sri Dato' Seri Arshad bin Raja Tun Uda serves as the Independent Non-Executive Chairman of Ekuiti Nasional Berhad (Ekuinas) and as a Non-Independent Non-Executive Chairman at Icon Offshore Berhad and has been its Non-Executive Director since February 26, 2014.
http://www.ekuinas.com.my/raja-tan-sri-dato-seri-arshad-raja-tun-uda/
http://www.ekuinas.com.my/direct-investment/
http://iconoffshore.com.my/ir/board_of_directors.html

Posted by i_investor > 2017-11-27 16:19 | Report Abuse

Ekuinas holds controls a 44.69% stake in Icon Offshore through Hallmark Odyssey Sdn Bhd (42.28%) and Sempena Focus Sdn Bhd (2.41%).

Posted by i_investor > 2017-11-28 11:36 | Report Abuse

http://iconoffshore.listedcompany.com/misc/presentation_InvestorDeckQ317.pdf

Posted by Orang_Terengganu > 2017-11-29 11:19 | Report Abuse

Forget us BN can lose to PAS coming GE.

Posted by HengHuatOng > 2017-11-29 15:14 | Report Abuse

Not really excited with the investor deck. The strategies are pretty lame. They need to think out of the box I.e Acqusition and etc.

Posted by curious2 > 2017-12-04 11:49 | Report Abuse

Ex-MD no more can save salary RM 5 million 1 year?

Posted by lsmpro888 > 2017-12-07 11:50 | Report Abuse

looks like something is cooking in the OSV sector ?

Posted by Orang_Terengganu > 2017-12-11 10:33 | Report Abuse

What happen to merger with UMW OG? Wait change govn first?

Posted by speakup > 2017-12-12 11:54 | Report Abuse

no lar, Pos CEO join Alam Flora. Bantu clean up KL

Posted by speakup > 2017-12-12 11:54 | Report Abuse

this deal already cancel lah

Posted by Orang_Terengganu > Dec 11, 2017 10:33 AM | Report Abuse

What happen to merger with UMW OG? Wait change govn first?

Posted by curious2 > 2017-12-12 12:09 | Report Abuse

Alam Flora not listed. A demotion why he want?

speakup no lar, Pos CEO join Alam Flora. Bantu clean up KL
12/12/2017 11:54

Posted by Labuan > 2017-12-22 11:29 | Report Abuse

Ubah ini kali?

Posted by mikeann > 2017-12-22 20:14 | Report Abuse

Stock grossly oversold. Rebound imminent

Posted by Icon8 > 2017-12-27 21:01 | Report Abuse

Icon Offshore sees better vessel utilisation rates
http://www.theedgemarkets.com/article/icon-offshore-sees-better-vessel-utilisation-rates

Posted by pakatan_harapan2 > 2017-12-29 11:03 | Report Abuse

BN(Petronas) cannot take care?

Posted by Younglearner > 2017-12-30 17:50 | Report Abuse

this counter seem like cannot move at all

Posted by samsmb > 2018-01-03 17:47 | Report Abuse

this stock..... puik puik

Posted by SK1200 > 2018-01-04 09:40 | Report Abuse

1st TP - 0.295 ... lets comrade!!!

Posted by curious2 > 2018-01-04 10:18 | Report Abuse

UMWOG moving when Icon turn? M&A 1 more time?

Posted by Orang_Terengganu > 2018-01-04 10:31 | Report Abuse

50-60 sen by GE 14 we vote BN.

Posted by idoformoney > 2018-01-04 11:47 | Report Abuse

please change goverment...

Posted by sleepingeye > 2018-01-04 13:04 | Report Abuse

shark doo doo coming soon. tp1 0.295. yeaazaaa

Posted by pakatan_harapan2 > 2018-01-04 16:06 | Report Abuse

Agree. After pushing down 85-90% from IPO 1.85 don't know how to push up back; why list IPO so high price?

idoformoney please change goverment...
04/01/2018 11:47

Posted by limch > 2018-01-05 10:22 | Report Abuse

No wonder Chinese hate MCA and Gerakan. When selldown very fast why up so slow?

Posted by nubiskubistrader > 2018-01-05 15:30 | Report Abuse

wait for the pullback. Seem like cups with handle formation..Hopefully can jump in with fellow comrades ;-D

Posted by limch > 2018-01-05 15:31 | Report Abuse

i3 TP 42 sen from which bank? Why u-turn?

Posted by BN_menang > 2018-01-08 11:02 | Report Abuse

60 sen by GE14 possible?

Posted by BN_menang > 2018-01-08 11:45 | Report Abuse

Why so slow unlike UMWOG? Need M&A(merger) news?

Posted by HengHuatOng > 2018-01-08 12:28 | Report Abuse

Different parents.

Posted by jwyap > 2018-01-08 23:53 | Report Abuse

Ready, after UMwog showed, political counter too. Umwog bought this counter cost around RM0.49 .if I am not wrong.

Posted by pakatan_harapan2 > 2018-01-10 09:46 | Report Abuse

Icon listing con job by BN. Should sell all like APIIT and not let rakyat suffer loss from listing. Ubah in GE14.

Posted by pakatan_harapan2 > 2018-01-10 13:00 | Report Abuse

Oil up but no gain for Icon. Pakatan(or Dr M) to change Petronas CEO if come to power?

Posted by idoformoney > 2018-01-11 09:41 | Report Abuse

yeah ubah in GE14...No hope from current goverment...

Posted by limch > 2018-01-11 22:41 | Report Abuse

Brent Crude USD 69.22.
https://www.bloomberg.com/energy

Posted by Icon8 > 2018-01-12 17:55 | Report Abuse

UMWOG already up 50% from 27 sen. Must suggest M&A this year for Icon to follow up?

Posted by Crazy11223 > 2018-01-13 15:59 | Report Abuse

Icon maximum 0.29, no move up. uMG can go 0.90

Posted by limch > 2018-01-14 12:41 | Report Abuse

Any news abt ex-CEO Dr Jamal, doktor gigi? No him also problem Icon only 26.5 sen. Perhaps ask him back as CEO better for us? Last year AR EPF, Tabung Haji, KWAP, ASB and Ekuinas still own a lot. They held from IPO?

Posted by BN_menang > 2018-01-17 04:29 | Report Abuse

“These contracts encompass requirements such as the utilisation of marine vessels from Malaysia-owned companies only and the mandatory participation of 20% local state service providers to spur value-added services that ensures growth in Malaysia’s oil and gas upstream services industry,” said Petronas’ vice president of Malaysia assets and PCSB chief executive officer Mohd Jukris Abdul Wahab.
https://www.theedgemarkets.com/article/petronas-carigali-awards-mcm-contracts-five-companies

Posted by Labuan > 2018-01-19 14:29 | Report Abuse

Labuan BN stronghold and must win? Why con us with Icon listing? Push back to RM 60 sen and abv or can forget our votes.

Posted by Orang_Terengganu > 2018-01-22 10:15 | Report Abuse

Icon means BN con us? PAS we want you.