KLSE (MYR): ICON (5255)
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Last Price
0.735
Today's Change
+0.005 (0.68%)
Day's Change
0.725 - 0.86
Trading Volume
22,009,400
Name | Role |
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Abah pls be next PM. Abah means father who help people unlike PM-X who make people suffer.
3 weeks ago
The stock broke below the triangle pattern recently but appear to have found support near the 50-day EMA. With the formation of a 3-candle reversal pattern over the past 3 days. We think that the stock is ready to turn up again. Supported by the higher highs and higher lows from the July 2023 lows, we reiterate our Technical Buy call on the stock (please read here for our previous write-up).
Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are still holding above their respective neutral levels, keeping the bulls in control for now.
We think that aggressive traders may want to go long now with a stop-loss set at RM0.685 (a few ticks below the last swing low). Follow-through buying may lift prices to test RM0.81 and the 52-week high at RM0.83. The next Fibonacci target is at RM0.88 (1.382).
Source: CGS-CIMB Research - 1 Mar 2024
3 weeks ago
Maybank TP a month ago RM1.19...now RM0.71....what a joke, someone should give them a proper slap in the face
3 weeks ago
Banker also terciduk kena dgn boss mabuk. Bangun tidur terus tekan sell 50 sen.
3 weeks ago
Hidden hands pushed down the price to offer ESOS.
Bursa should launch investigation into such outrageous activities.
OTHERS | https://www.klsescreener.com/v2/announcements/view/6605885
3 weeks ago
2024-03-05
Insider
DATO' SRI HADIAN BIN HASHIM (a company director) acquired 350,000 shares at 0.565 on 01-Mar-2024.
2 weeks ago
Icon Offshore - Set for An Iconic Recovery
Date:
2024-03-13
Firm:
KENANGA
Stock:
ICON
Price Target:
0.80
Price Call:
BUY
Last Price:
0.605
Upside/Downside:
+0.195 (32.23%)
Source: Kenanga Research - 13 Mar 2024
https://klse.i3investor.com/web/pricetarget/research/71011#google_vignette
1 week ago
Brent crude has been trading between USD 80-USD 85 per barrel for the 2 months. Despite yesterday press announcement of new charter agreement. Icon hardly moved. Prices stay sideway and trade betw 60-63 sen. No activity seen
1 week ago
Yinson's major shareholder acquires 50.2% stake in Icon Offshore; triggers MGO at 63.5 sen per share
https://theedgemalaysia.com/node/706023
2 days ago
now 63.5 cts is firmly supported, let's see how much upside there is to this.
2 days ago
Previous no 1 shareholder Hallmark Odyssey still have balance 5% share so Icon won't be privatised?
1 day ago
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
1 day ago
@Ravetidus
If takeover is good news and Icon will keep listing status, what is the next TP? Thanks
1 day ago
@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
1 day ago
@Ravetidus
Thank you as i hold this counter so many years, may consider continue hold if continue got dividend and bonus issue. 😃
1 day ago
Ekuinas GLC is much professional nowadays under Madani government cashing out lose making company.
1 day ago
Short term players will cash out.last week price trading between 66- 68. Today 76 -78 good profit 10 sen.
1 day ago
I q 70 sen why no seller? Some1 comment takeover price so low will drop why still no drop?
1 day ago
Yes. Today sentiment negative plus tomorrow is a public holiday.Bursa closed for trading
1 day ago
Icon Offshore surges after Yinson boss Lim Han Weng triggers MGO
https://www.freemalaysiatoday.com/category/highlight/2024/03/27/icon-offshore-surges-after-yinson-boss-lim-han-weng-triggers-mgo/
1 day ago
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?
1 day ago
Don't worry..be happy. ICON will be in good hands of big brother YINSON. Lots of projects coming...Warrants cheaper exposure.
12 hours ago
damansaraeagle
hit at 0.575
3 weeks ago