Posted by cashflow > 2022-04-29 00:27 | Report Abuse

Strange the optimism is still low in this counter despite the Bull run on crude prospect

Posted by M55555 > 2022-04-29 10:31 | Report Abuse

Kuda cirit-birit today. The stableman not doing enough

Posted by Mabel > 2022-05-04 00:16 | Report Abuse

Maybe White Knight the real kayu..

Hahaha so funny

Posted by bullmarket1628 > 2022-05-05 07:51 |

Post removed.Why?

Posted by bullmarket1628 > 2022-05-05 08:05 | Report Abuse

Oil price jumps US$5 a barrel as EU nears ban on Russian oil
Thursday, 05 May 2022 7:13 AM MYT

https://www.thestar.com.my/business/business-news/2022/05/05/oil-price-jumps-us5-a-barrel-as-eu-nears-ban-on-russian-oil

NEW YORK: Oil prices jumped on Wednesday, as the European Union, the world's largest trading bloc, spelled out plans to phase out imports of Russian oil, raising concerns about further market tightness as those nations hunt for adequate supply.
Crude benchmarks have risen steadily over the past two months following Moscow's invasion of Ukraine. Until now, the European Union has been reluctant to fully cut off imports of Russian oil and gas, and its plans still do not suggest a full ban for all EU members.
Europe imports some 3.5 million barrels of Russian oil and oil products daily, and also depends on Moscow's gas supplies.
"Inventories are so tight, so against this backdrop, when you're talking about this ban, there are a lot of questions on how (Europe) is going to make up for this," said Phil Flynn, senior analyst at Price Futures Group.
Brent crude LCOc1 futures settled up $5.17, or 4.9%, to $110.14 a barrel. West Texas Intermediate crude CLc1 futures settled at $107.81 a barrel, up $5.40, or 5.3%.
European Commission President Ursula von der Leyen on Wednesday proposed a phased oil embargo on Russia, as well as sanctioning Russia's top bank.
The Commission's measures include phasing out supplies of Russian crude within six months and refined products by the end of 2022, von der Leyen said. She also pledged to minimise the impact of the move on European economies.

Hungary and Slovakia, however, will be able to continue buying Russian crude oil until the end of 2023 under existing contracts, an EU source told Reuters.
Russia could offset the loss of one of its primary customers by selling oil to other importers including India and China. Neither country has stopped buying from Moscow.
Needs for much greater supplies are not likely to be met at a meeting on Thursday of the Organization of Petroleum Exporting Countries and allied producers. OPEC+ is expected to stick to its plan for a gradual ramp-up of monthly production.
In the United States, crude stocks rose modestly last week, according to the U.S. Energy Information Administration. Stocks were up 1.2 million barrels as the United States released more barrels from its strategic reserves.
Fuel stocks fell, in part due to stronger exports of products since Russia's invasion as buyers have sought other sources. EIA/S
The markets largely shook off the Federal Reserve's announcement that it would raise interest rates by a half percentage point to try to bring down rising inflation.
"The market was up so strong before the announcement I think (the Fed) was a foregone conclusion," said Gary Cunningham, director of market research at Tradition Energy.- Reuters

Posted by cashflow > 2022-05-06 01:28 | Report Abuse

ICON lack investors sentiment. They need to boost some positive news

Posted by Icon 888 > 2022-05-06 18:13 | Report Abuse

Lousy

Posted by madguy > 2022-05-11 01:57 | Report Abuse

dude mana kuda ???

Posted by cashflow > 2022-05-11 11:39 | Report Abuse

Kuda hilang, keldai je

Posted by M55555 > 2022-05-12 10:21 | Report Abuse

Rupa-rupanya bukan kuda kayu, tapi keldai kayu . Patutlah , budak kindergarten tengok pun tak mahu naik.

Posted by M55555 > 2022-05-12 12:43 | Report Abuse

https://www.theedgemarkets.com/article/bursa-energy-index-most-after-oil-prices-jumped-6

WHY WHY WHY it had to be a keldai.... not a horse... why why

Posted by bullmarket1628 > 2022-05-17 10:09 | Report Abuse

I think now O & G counters start booming is because the election is coming soon, market has to be hot hot only people can vote them to Win...

For those party whom can make market spike up like as 1990-1997 crazy hot stock market period, I will vote he/she Win !

Heng ah, Ong ah, Huat ah !

Posted by M55555 > 2022-05-17 12:18 | Report Abuse

Come on Keldai , you can do it . Slow and steady ... but please continue to climb.. Carrots ahead

Posted by DickyMe > 2022-05-17 23:01 | Report Abuse

BRENT CRUDE - $140 soon!

Posted by M55555 > 2022-05-19 10:53 | Report Abuse

Brent up , dia tak naik. Brent turun sikit , Keldai tergelincir ....

Posted by Icon 888 > 2022-05-20 03:05 | Report Abuse

Oil 115

Posted by bullmarket1628 > 2022-05-22 08:35 | Report Abuse

Report: MoF Inc eyeing financial support for Sapura Energy 
Saturday, 21 May 2022 7:20 PM MYT
By John Bunyan

https://www.malaymail.com/amp/news/malaysia/2022/05/21/report-mof-inc-eyeing-financial-support-for-sapura-energy/8076

KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.

Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.

"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.

It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......

Posted by bullmarket1628 > 2022-05-22 08:52 | Report Abuse

财经新闻
财政部机构出手救沙布拉能源?
2022年05月21日
https://www.enanyang.my/财经新闻/财政部机构出手救沙布拉能源

（吉隆坡21日讯）财政部机构将出手救助陷入财困的沙布拉能源（SAPNRG，5218，主板能源股）？
财经周刊《The Edge》引述消息人士透露，政府如今打算透过直接隶属于财政部的财政部机构（MoF Inc），援助这家深陷困境的油气服务供应商。

“据我所知，站出来的将是财政部机构。目前正在讨论的是某些援助方案……可能是某种形式的赠款，预料很快会宣布。”

报道也指出，财政部长东姑扎夫鲁早在数周前，就着手拯救沙布拉能源的计划，但政府透过哪家官联机构出手却一直是个疑问。
财政部机构是在1957年财政部机构法令下设立的官联机构，主要目的是投资在私人界缺乏兴趣的社会服务领域。

国家石油（Petronas）、国库控股（Khazanah），以及一马发展公司和负责拯救朝圣基金局的Urusharta Jamaah私人有限公司等，都隶属于财政部机构。
前首相拿督斯里纳吉建议由国家石油出手相救，但市场观察员认为，作为沙布拉能源的客户，国油收购其承包商并非好主意。
而沙布拉能源的最大股东国民投资机构（PNB），在重压下料也不敢贸然伸出援手。

2018年沙布拉能源发行附加股筹资40亿令吉时，国民投资机构豪掷接近27亿令吉，购入大量未被认购的附加股，让手中持股从原本的12.6%，大增至接近40%。
然而，这笔无法为单位基金持有人带来收益的投资，已经引发投资者的不满。
曾经是全球第二大油气服务供应商的沙布拉能源，1月杪的短期债务已经飙高至106.6亿令吉，其严峻的财务危机，已经引发政商界的高度关注。

Posted by cashflow > 2022-05-24 00:21 | Report Abuse

Collecting ICON before syndicate goreng here.

Posted by Icon 888 > 2022-05-25 06:24 | Report Abuse

Bila Oil 120

Posted by M55555 > 2022-05-26 10:27 | Report Abuse

Oil sudah touch 120 and even over 125, tapi ini Keldai Kayu , golek-golek depan belakang je.

Posted by M55555 > 2022-05-27 01:31 | Report Abuse

https://www.theedgemarkets.com/article/icon-offshore-turns-black-1qfy22-higher-gross-profit

In a separate statement, Icon said it has a combined order book and tender book of RM2 billion.

Posted by M55555 > 2022-05-27 01:33 | Report Abuse

Beluncas akan jadi rama-rama. Mungkin Keldai boleh jadi Kuda

Posted by madguy > 2022-05-27 01:44 | Report Abuse

nia ma bila mao up zzzz

Posted by 8888_ > 2022-05-27 17:15 | Report Abuse

Icon-W(up 1 sen) why goreng not Icon? A sign Icon goreng will come later?

Posted by wallstreetrookie > 2022-05-28 13:55 | Report Abuse

Icon is a hold

Posted by wallstreetrookie > 2022-05-28 13:56 | Report Abuse

Icon upgraded to Neutral from Underweight
The worst is almost over for Icon. Investors should be optimistic

Posted by madguy > 2022-05-28 16:30 | Report Abuse

may last two days of trading pls give nice closing lol

Posted by Mabel > 2022-05-28 23:20 | Report Abuse

Friday, May 27th, 2022

Oil prices have been edging higher this week as improving demand signals highlight the lack of supply options in oil markets if there is a drastic contraction in Russian production, a likely outcome if the European Union bans Russian oil. With both US crude and gasoline inventories continuing their decline, whilst recent altercations between the United States and Iran have rendered any JCPOA breakthrough largely impossible, analysts are anticipating another surge towards the $130-140 per barrel range this summer.

Posted by M55555 > 2022-05-30 10:47 | Report Abuse

This Keldai cannot move punya

Posted by cashflow > 2022-05-30 12:04 | Report Abuse

Icon Offshore Bhd posted a net profit of RM2.96 million for the first quarter ended March 31, 2022 (1QFY22) compared with a net loss of RM11.15 million a year earlier, on higher gross profit.

Posted by bullmarket1628 > 2022-05-30 12:59 | Report Abuse

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2022
ICON OFFSHORE BERHAD

Revenue: 66,951,000 {Around 67 milion ringgit}
Profit/(loss) before tax: 6,159,000 {Around 6.2 milion ringgit}
Profit/(loss) for the period: 2,899,000 {Around 2.9 milion ringgit}
Net assets per share(NTA): 0.1398

Posted by Icon 888 > 2022-05-30 13:27 | Report Abuse

Go go go.. Oil 120

Posted by cashflow > 2022-05-30 14:17 | Report Abuse

ICON offshore, next goreng counter! 4 quarters profitable now. Next quarter definitely more profit with increased rig rates and expediting charges.

Posted by constantine007 > 2022-05-30 18:32 | Report Abuse

when they want to goreng also don't know...been waiting for so long

Posted by M55555 > 2022-05-31 15:04 | Report Abuse

Brent also 123.9 .. where is ICON ?

Posted by M55555 > 2022-05-31 15:31 | Report Abuse

should ask this question, who is selling ? Do not look like retailers.. so this counter got hope or not..

Posted by M55555 > 2022-05-31 16:04 | Report Abuse

https://www.theedgemarkets.com/article/icon-offshore-advanced-talks-buy-mro-business

Posted by bullmarket1628 > 2022-06-01 00:50 | Report Abuse

Icon Offshore in advanced talks to buy MRO business, says MD
Elffie Chew & Yantoultra Ngui
/Bloomberg
May 31, 2022 12:51 pm +08

https://www.theedgemarkets.com/article/icon-offshore-advanced-talks-buy-mro-business

(May 31): Offshore oil and gas services firm Icon Offshore Bhd is in advanced talks to buy a maintenance, repair and operations business that will help it diversify earnings and boost profitability, its top executive said on Monday (May 30).
“We are preparing for the next phase of growth with this potential acquisition,” managing director Datuk Seri Hadian Hashim, 64, told Bloomberg News in an interview at Icon’s headquarters in Kuala Lumpur. “We hope to wrap up the deal before the end of the year. The acquisition will provide us with a new earnings stream while reinforcing our position in Brunei and help us to expand regionally.”
He declined to name the target but said Icon would be able to fund the acquisition via internal funds and some borrowing. The planned deal is estimated to provide at least a 30% increase in net income and will help mitigate the cyclical nature of the company’s earnings, Hadian said.
The company, which counts Malaysian private equity firm Ekuiti Nasional Bhd as indirect major shareholder, owns and operates 20 active offshore supply vessels and a jack-up drilling rig, according to its official website. Currently, the company derives 60% of its profits from Malaysia and the remainder from Brunei, Hadian said.
Icon’s outlook for the next few years will be good and will be supported by the sustained high crude oil prices and order book, Hadian said. The company has a combined order and tender book totalling RM2 billion, he said.
Icon has a "buy" call from Maybank Investment Bank, which pegs a target price of 16 sen per share on the company, according to analysts tracked by Bloomberg. The stock ended unchanged at 10.5 sen per share on Monday.
Maybank’s equity analyst Liaw Thong Jung expects “sequentially stronger” second quarter outlook for Icon after the company returned to profitability in first quarter with a net income of RM2.96 million versus a net loss of RM11.15 million a year ago. Revenue grew 31% on-year to RM66.95 million mainly driven by its drilling business, according to stock exchange filing. The company is projected to report a net income of RM49.2 million for year ending 2022 from RM22.5 million last year, according to Liaw.

Posted by bullmarket1628 > 2022-06-01 00:58 |

Post removed.Why?

Posted by krish52 > 2022-06-01 08:37 | Report Abuse

hope the management does not let down the shareholders' hope this time.

Posted by NoobRookie > 2022-06-02 20:13 | Report Abuse

What's going on with this stock, good news, good profit but trend is stagnant af... Someone please enlighten me, I don't know if I should sell or hold

Posted by Icon 888 > 2022-06-03 18:10 |

Post removed.Why?

Posted by NoobRookie > 2022-06-03 20:45 | Report Abuse

what return? can u explain it to me? All i see is a stagnant stock. It never break the 1.05 resistance

Posted by Icon 888 > 2022-06-04 00:14 | Report Abuse

Oil 120.. wow

Posted by whistlebower99 > 2022-06-04 11:51 | Report Abuse

3 June 2022

Time Price Qty Type
16:44:01 PM 0.105 100 Seller
16:06:58 PM 0.100 54,600 Buyer
15:51:27 PM 0.100 5,000 Buyer
14:30:00 PM 0.100 40,000 Buyer
14:30:00 PM 0.100 6,000 Buyer
11:42:14 AM 0.100 20,000 Buyer
11:08:22 AM 0.100 10,000 Buyer
11:06:55 AM 0.100 50,000 Buyer
09:31:41 AM 0.100 15,000 Buyer
09:06:07 AM 0.100 21,600 Buyer
09:06:07 AM 0.100 28,400 Buyer
09:00:00 AM 0.100 100,000 Buyer

Support closing price with 100 shares

Posted by Icon 888 > 2022-06-05 10:36 | Report Abuse

Wow wow oil 121

Posted by M55555 > 2022-06-07 10:37 | Report Abuse

ICON do not move follow oil price . Dia ikut musim Durian.

Posted by NoobRookie > 2022-06-07 10:42 | Report Abuse

oil go 300, icon would still be 1.05

Posted by Icon 888 > 2022-06-08 18:01 | Report Abuse

Oil 130-140-150