ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

0.71

Today's Change

0.00 (0.00%)

Day's Change

0.70 - 0.715

Trading Volume

278,600

Financial
Market Cap

Market Cap

385 Million

NOSH

542 Million

Latest Quarter

Latest Quarter

31-Dec-2023 [#4]

Announcement Date

29-Feb-2024

Next Quarter

31-Mar-2024

Est. Ann. Date

24-May-2024

Est. Ann. Due Date

30-May-2024

QoQ | YoY

-124.73% | -101.00%

T4Q Result

Revenue | NP to SH

199,788.000 | 4,856.000

RPS | P/RPS

36.89 Cent | 1.92

EPS | P/E | EY

0.90 Cent | 79.19 | 1.26%

DPS | DY | Payout %

0.25 Cent | 0.35% | 27.87%

NAPS | P/NAPS

0.64 | 1.11

QoQ | YoY

-96.97% | -97.17%

NP Margin | ROE

3.36% | 1.40%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Latest Audited Result

Latest Audited Result

31-Dec-2022

Announcement Date

28-Apr-2023

Next Audited Result

31-Dec-2023

Est. Ann. Date

28-Apr-2024

Est. Ann. Due Date

28-Jun-2024

Annual (Unaudited)

Revenue | NP to SH

199,788.000 | 4,856.000

RPS | P/RPS

36.89 Cent | 1.92

EPS | P/E | EY

0.90 Cent | 79.19 | 1.26%

DPS | DY | Payout %

5.00 Cent | 7.04% | 557.34%

NAPS | P/NAPS

0.64 | 1.11

YoY

-97.17%

NP Margin | ROE

3.36% | 1.40%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Annualized Result

Revenue | NP to SH

199,788.000 | 4,856.000

RPS | P/RPS

36.89 Cent | 1.92

EPS | P/E | EY

0.90 Cent | 79.19 | 1.26%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

-43.02% | -97.17%

NP Margin | ROE

3.36% | 1.40%

F.Y. | Ann. Date

31-Dec-2023 | 29-Feb-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 2 / 4 50.00% 6 / 8 75.00%
Continuous Quarters Of Positive Profit 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 1 / 4 25.00% 2 / 8 25.00%
Continuous Quarters Of Dividend 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 0.29% 5.96%
Average Net Profit Margin 2.03% 37.88%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 0 / 5 0.00% 0 / 10 0.00%
Total Positive Profit Years 4 / 5 80.00% 5 / 10 50.00%
Continuous Quarters Of Positive Profit 4 / 5 80.00% 4 / 10 40.00%
Continuous Quarters Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 2 / 5 40.00% 2 / 10 20.00%
Continuous Quarters Of Dividend 2 / 5 40.00% 2 / 10 20.00%
Continuous Quarters Of Dividend Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Quarters Of Adjusted Dps Growth 2 / 5 40.00% 2 / 10 20.00%
Average ROE 8.40% -69.95%
Average Net Profit Margin 17.40% -34.09%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 199,788 199,788 199,788 241,309 239,273
NP to SH 4,856 4,856 4,856 -73,996 43,452
Dividend 1,353 27,064 27,064 4,518 9,037
Adjusted EPS 0.90 0.90 0.90 -13.66 8.02
Adjusted DPS 0.25 5.00 5.00 0.83 1.67

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -27.91% -26.67% -29.30% -15.58% -30.07%
NP to Owner -124.73% -101.00% -97.17% -226.52% -106.97%
Dividend 0.00% 0.00% 49.35% 0.00% 0.00%
Adjusted EPS -124.73% -101.00% -97.17% -226.52% -106.97%
Adjusted DPS 0.00% 0.00% 49.35% 0.00% 0.00%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% -16.50% -17.21% 0.00% -16.50% -17.21% -29.30% -16.50% -17.21%
NP to Owner 0.00% -88.82% 106.56% 0.00% -88.82% 106.56% -97.17% -88.82% 106.56%
Dividend -95.00% -85.03% -70.05% 0.00% 199.48% 498.96% 49.35% 199.48% 498.96%
Adjusted EPS 0.00% -88.82% 106.56% 0.00% -88.82% 106.56% -97.17% -88.82% 106.56%
Adjusted DPS -95.00% -85.03% -70.05% 0.00% 199.48% 498.96% 49.35% 199.48% 498.96%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
10 people like this. Showing 50 of 12,002 comments

limch

Why today up 3.5 sen?

4 weeks ago

maggigoreng

now 63.5 cts is firmly supported, let's see how much upside there is to this.

4 weeks ago

constantine007

afraid they will privatise ICON

4 weeks ago

5354_

Previous no 1 shareholder Hallmark Odyssey still have balance 5% share so Icon won't be privatised?

4 weeks ago

Ravetidus

My view of the recent takeover by Singapore firm: -

1) Major shareholder changes from Ekuinas to Liannex Corporation. My view is that this is not a bad news cause of synergy with Yinson etc, plus the new major shareholder might be able to manage Icon better than the previous one (Yinson able to generate good profits)

2) I think the Singapore firm sees value in Icon, the firm has bought the shares directly from Ekuinas at price of 63.5cent which is normally a discounted price due to large portion acquired plus Ekuinas might need the cashflow to sustain themselves. 63.5cent will be the MGO price offered to the public but the public can choose not to accept it

3) Recent oil prices is high, investment in oil related activities will increase in the future, helped by decreasing sales in EV cars (EV momentum is decreasing)

4) Liannex plans to keep Icon listing status

5) Any movement downwards in share price will give Liannex opportunity to acquire more

4 weeks ago

5354_

Down like some1 comment today happen?

4 weeks ago

5354_

W offer 1 sen why >20 sen people buy?

4 weeks ago

Ravetidus

@5354_

Cause the takeover is good news...synergy with Yinson

4 weeks ago

hohlaiyet88

@Ravetidus
If takeover is good news and Icon will keep listing status, what is the next TP? Thanks

4 weeks ago

Ravetidus

@hohlaiyet88

I have no crystalball and cannot guarantee this but seems like TP could be RM1 within next 3 years as Icon is also due to renew their contracts at a higher rate and also synergy from the change in major shareholder

As for short term, the strategy is always to sell on news.. hahahahaha

Goodluck

4 weeks ago

Jonathan Keung

Buy on rumors sell on news. You won't go wrong

4 weeks ago

hohlaiyet88

@Ravetidus
Thank you as i hold this counter so many years, may consider continue hold if continue got dividend and bonus issue. 😃

4 weeks ago

pang72

Ekuinas GLC is much professional nowadays under Madani government cashing out lose making company.

4 weeks ago

Jonathan Keung

Short term players will cash out.last week price trading between 66- 68. Today 76 -78 good profit 10 sen.

3 weeks ago

5354_

Long term like Yinson? Any dip below 70 sen is good buy.

3 weeks ago

5354_

I q 70 sen why no seller? Some1 comment takeover price so low will drop why still no drop?

3 weeks ago

5354_

Moreover today market consider bad.

3 weeks ago

Jonathan Keung

Yes. Today sentiment negative plus tomorrow is a public holiday.Bursa closed for trading

3 weeks ago

maggigoreng

5354_, i q 70 sen for nvidia too. why no seller. dumbass

3 weeks ago

5354_

Ekuinas still have 5.8% Icon after Yinson boss takeover. Changes Yinson boss will make to kick out present high salary BOD? How much can save a year?

3 weeks ago

Noni

Those who chased, kena game

3 weeks ago

Bull13

Don't worry..be happy. ICON will be in good hands of big brother YINSON. Lots of projects coming...Warrants cheaper exposure.

3 weeks ago

Jonathan Keung

Yes. chasing high not a good move. From the days high 86 sen drop back to 73-74 sen. Really drastic & sharp

3 weeks ago

5354_

Icon min 72 sen under Yinson boss?

3 weeks ago

5354_

If follow W price(with exercise price 82.5 sen) Icon TP RM 1?

3 weeks ago

5354_

Can EPF follow Yinson boss buy Icon?

3 weeks ago

Plantermen

The key take away. Yinsoon is maintaining the listing status of Icon.

3 weeks ago

limch

Icon can fetch Yinson share price next 5-10 years? Buy while still cheap.

3 weeks ago

Bull13

Under Yinson, ICON will show its true capability. A blue chip in the making. Yes. TP rm1 is not a problem. The warrants is very cheap now going forward!

3 weeks ago

limch

2024-03-29

Insider

Notice of new substantial holder - MR LIM HAN WENG on 26-Mar-2024.

2024-03-29

Insider

Notice of new substantial holder - LIANNEX CORPORATION (S) PTE LTD on 26-Mar-2024.

2024-03-29

Insider

Notice of new substantial holder - LIANNEX MARITIME SDN. BHD. on 26-Mar-2024.

3 weeks ago

paktua73

morning too all icon believers..
paktua was hold before split..

paktua now play new born counter..
let joined paktua on good hot new born stock..

paktua back pick new hot counter for march till june..

so paktua n team we will focus on
1-Mtec paktua target minimum rm1.25 (main target rm1.43)
2-KJTS paktua target rm0.93
3-Hegroup Paktua target rm0.70
4-Zantat paktua target rm0.70

set from 21hb march 24.till 7hb june 24..

come joined paktua Swing team..
let we fight together



tut tut
come joined paktua swing team..
sent request at tele @swingdarkred73

3 weeks ago

limch

paktua73 Icon also new born under Yinson boss.

3 weeks ago

limch

Next is must change Icon name? Many shunned Icon share perceived con people?

3 weeks ago

paktua73

yup..paktua still hold icon


tut tut
also swing at new born stock 24

3 weeks ago

limch

86 sen(recent high) may be rechallenged?

3 weeks ago

Jonathan Keung

Technically Icon MACD chart showing positive momentum. Strong closing in the day will indicate Icon more upside { breaching a new high }

3 weeks ago

Plantermen

The reversal of impairment and unrealised gains in the quarterly figs has resulted a nett loss of 14 million { is an accounting and tax entry} which has no effect on their operating cash flows. The impending rates renewal which is forthcoming will see across the board upticks in ICON charter rates. Operating cash flows are the life blood of any company. In the O & G sector ICON is one of the few counters in the sector that have paid out dividends. A good opportunity to buy and hold based on their results. Not best of the best but have great growth potential. With Yinsoon as the captain aiding ICON can expect more positive momentum. Not a buy call but just my own view and personal take on their recent news announcement. Please do your own research before you buy or invest

3 weeks ago

Change_

Con still remain even changing of boss? So next change is PM or govn?

2 weeks ago

Jonathan Keung

Mr Change ? what are you trying to tell us

2 weeks ago

Change_

I mean Icon share rise cannot sustain or drop back. So we need to change PM or government for those bought during IPO RM 1.8?

Jonathan Keung

Mr Change ? what are you trying to tell us

6 hours ago

2 weeks ago

Jonathan Keung

Wow !That was 10 years ago. Icon was promoted by 8 cornerstone investor. Maybank , PNB , Tab Haji, CMY { RHB co founder } ,UOB, AIA and Nomura for the listing exercise

1 week ago

Plantermen

2014 we have seen 6 PM. First Badawi, Najib, Mahathir, Muhyiddin, Ismail and current PMX anwar

1 week ago

5354_

Lim Han Weng(Yinson boss) when can you join Icon management team? You only bought Icon shares how about bring Icon changes when are you planning to do?

1 week ago

Jonathan Keung

Good for Icon minorities if Big Boss { Yin soon } joins the board. perception of icon may be lifted by the diversity

5 days ago

WarrenBuffet8888

Hold tight, KEYFIELD fly 100 % in the first day listing , AWB business has great potential , it will fly limit up too , market cap smaller than keyfield

2 days ago

LY Hoh

I just received call from MBB bank said Icon regarded unconditional mandatory take over at cash offer price RM0.635. I rejected, why they offer this low price? Later they will push down the price to meet the unconditional mandatory take over?

2 days ago

Plantermen

Look at KEY field the newly listed oil & gas provider. The valuations is substantially much higher vs it's peer or icon valuations. Today traded 1.75 - 1.77 against its IPO price 90 sen

2 days ago

goodgain

LY Hoh,

Depend on their intention. Normally those offering MGO at lower than market price, the intention is to get rejection from shareholders so they can retain the listing status. The MGO is compulsory by law, for those company taking over more than certain threshold of a listing entity. If the new owner intent to retain the listing status, they will normally offer lower than market price so the MGO will fail.

23 hours ago

J3ffery

Hi,
I,m new in trading. Quick check, is it safe to continue hold ICON Share?

16 hours ago

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