ICON OFFSHORE BERHAD

KLSE (MYR): ICON (5255)

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Last Price

1.05

Today's Change

-0.02 (1.87%)

Day's Change

1.04 - 1.08

Trading Volume

872,400


11 people like this.

12,155 comment(s). Last comment by bullrun168 1 month ago

5354_

4,807 posts

Posted by 5354_ > 2024-04-25 11:16 | Report Abuse

>RM 2 like Yinson?

5354_

4,807 posts

Posted by 5354_ > 2024-04-25 11:17 | Report Abuse

5 sen dividend if maintain still good to hold.

LY Hoh

79 posts

Posted by LY Hoh > 2024-04-26 09:40 | Report Abuse

@Goodgain
Thanks for the information and hope Icon price can move on better.

limch

3,262 posts

Posted by limch > 2024-04-26 13:43 | Report Abuse

Interpacific Securities S/B said Lim Han Weng offer to buy Icon 63.5 sen and W at RM 0.001 is not fair and not reasonable so we must reject.
https://www.klsescreener.com/v2/announcements/view/6878657

limch

3,262 posts

Posted by limch > 2024-04-26 15:39 | Report Abuse

RM 1 Icon only can accept?

Posted by Jonathan Keung > 2024-04-26 16:00 | Report Abuse

Yinsoon boss knows it. Just offer a price to the minorities based on what's needed by the SC and Bursa. Slowly pushing it unnoticed and later inject it with liannex marine logistic assets.

Posted by Nasir Razak > 2024-04-29 00:10 | Report Abuse

Can someone educate me how to reject the offer?

Posted by maggigoreng > 2024-04-29 01:28 | Report Abuse

just disregard it, non acceptance amounts to rejection

5354_

4,807 posts

Posted by 5354_ > 2024-04-29 09:52 | Report Abuse

Yinson boss a billionaire so buy Icon can make millions?

Posted by Jonathan Keung > 2024-04-29 12:01 | Report Abuse

Do nothing. Offer without any acceptance from you means nothing or non binding

DickyMe

14,892 posts

Posted by DickyMe > 2024-04-29 17:53 | Report Abuse

When become majority share holder, privatise and offer 10 sen, like KBUNAI?

limch

3,262 posts

Posted by limch > 2024-04-29 20:33 | Report Abuse

Why DickyMe so many prediction on Icon? Nothing seem to materialize he realise?

Posted by IconForever > 2024-04-29 20:45 | Report Abuse

New high pls come in May 24? 90 sen no more a dream?

Plantermen

2,241 posts

Posted by Plantermen > 2024-04-29 22:11 | Report Abuse

Yinson boss {Lim} is a season businessmen with an excellent track record. Paying MYR 173 million to Ekuinas for the 50.2% stake in Icon {using Liannex as his investment arm} maybe just the beginning. Liannex, Yinson and Icon all have their niche in marine logistics and engineering. We cannot rule out possibilities of injection of certain assets and business into Icon. Afterall triggering the Go, getting the requlatory approval and all the nitty gritty from the authorities is exactly not a walk in the park. Certainly Yinson boss{Lim} have plans for Icon. You don't paid 174 million just for the sake to acquire a company. Something big must be brewing in his mind

Posted by Jonathan Keung > 2024-04-30 10:05 | Report Abuse

Ignored those silly & mindless postings on Icon without any facts.

minher

371 posts

Posted by minher > 2024-05-10 15:07 | Report Abuse

According to the latest annual report KWP, EPF, Lembaga Tabung Haji and National Trust Fund are major shareholders in ICON OFFSHORE.

Posted by maggigoreng > 2024-05-10 15:18 | Report Abuse

and they're kicking out the redundant BOD, the one that brought icon shareprice down the first round. looking good

limch

3,262 posts

Posted by limch > 2024-05-13 15:47 | Report Abuse

New BOD is Lim Han Weng and his son Lim Chern Wooi?

TrumpUSA

59 posts

Posted by TrumpUSA > 2024-05-16 09:06 | Report Abuse

ICON Offshore receive billion dollar contract from Petronas ?

DickyMe

14,892 posts

Posted by DickyMe > 2024-05-21 19:50 | Report Abuse

Below 50 sen coming soon!

tssl74

535 posts

Posted by tssl74 > 2024-05-23 09:57 | Report Abuse

Hi,
Anyone has any concrete information to share for this counter?

jay2004

135 posts

Posted by jay2004 > 2024-05-23 19:39 | Report Abuse

Don't buy. This is lost making company

Why_

794 posts

Posted by Why_ > 2024-05-23 20:41 | Report Abuse

Hadian still MD not Lim Han Weng or his son?

curiousq

1,094 posts

Posted by curiousq > 2024-05-23 21:01 | Report Abuse

Review of performance for the current quarter (Quarter ended 31st March 2024) against the prior year corresponding quarter (Quarter ended 31st March 2023):
(i) Revenue
The Group revenue decreased by RM12.8 million or 30%, from RM43.3 million in the prior year corresponding quarter to RM30.5 million in the current quarter, mainly due to low utilisation of vessels (late start of chartering due to monsoon season and planned maintenance). Overall utilisation for the current quarter was at 50% compared to 71% in the prior year corresponding quarter.

(ii)Profit after taxation
The Group recorded loss after taxation of RM25.6 million in the current quarter compared to loss after tax of RM4.2 million in the prior year corresponding quarter. The significant increase in the loss after taxation was due to additional provision amounting to RM13.1 million related to charter of replacement vessels and impairment of receivables.

Posted by constantine007 > 2024-05-23 21:12 | Report Abuse

quarter result very bad 😔

Why_

794 posts

Posted by Why_ > 2024-05-24 08:58 | Report Abuse

<60 sen like last QR announced can get?

5354_

4,807 posts

Posted by 5354_ > 2024-05-24 11:55 | Report Abuse

AGM on 30/5/24 old Icon no more?

jay2004

135 posts

Posted by jay2004 > 2024-05-24 17:08 | Report Abuse

Today trap people in next throw all the way down. Run!

jay2004

135 posts

Posted by jay2004 > 2024-05-24 20:52 | Report Abuse

Maybank lower down the target price from 0.71 to 0.49. Becareful!

fairyz

338 posts

Posted by fairyz > 2024-05-26 16:55 | Report Abuse

Strong Support even after red QR?

Let's see if this can follow Mother Yinson

5354_

4,807 posts

Posted by 5354_ > 2024-05-30 13:52 | Report Abuse

Change in Boardroom
ICON OFFSHORE BERHAD

Date of change 30 May 2024
Name MR LIM CHERN WOOI
Age 38
Gender Male
Nationality Malaysia
Type of change Redesignation
Previous Position Executive Director
New Position Executive Chairman
Directorate Executive
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information

Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer
Any conflict of interests that he/she has with the listed issuer
Details of any interest in the securities of the listed issuer or its subsidiaries



Announcement Info
Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 30 May 2024
Category Change in Boardroom
Reference Number C03-27052024-00007
https://www.klsescreener.com/v2/announcements/view/7084409

cheap1

336 posts

Posted by cheap1 > 2024-05-31 11:12 | Report Abuse

Boss changed so must rerate the counter? Why Icon not traded at 30% premium to 63.5 sen takeover price like Ranhill?

Posted by maggigoreng > 2024-05-31 17:01 | Report Abuse

good to know the previous chairman is out, watching him shake leg during agm, how unprofessional

Why_

794 posts

Posted by Why_ > 2024-06-06 11:00 | Report Abuse

Yinson boss only start to work?

Why_

794 posts

Posted by Why_ > 2024-06-06 11:04 | Report Abuse

RM 2 like Yinson 1 day possible?

Why_

794 posts

Posted by Why_ > 2024-06-06 11:06 | Report Abuse

MD finally change? No more Hadian?

Alipapapa

441 posts

Posted by Alipapapa > 2024-06-06 11:12 | Report Abuse

Icon Offshore Berhad has demonstrated resilience and strategic growth, particularly with the recent renewal of long-term contracts with PETRONAS for 11 of its offshore support vessels (OSVs). These renewals are expected to significantly boost the company’s earnings and stability. Maybank Investment Bank (Maybank IB) projects a strong performance for Icon Offshore, forecasting a net profit growth of over five times in FY24 and a further 83% in FY25, translating to a two-year compounded annual growth rate (CAGR) of 204%​

rlch

4,142 posts

Posted by rlch > 2024-06-06 11:33 | Report Abuse

EPF can buy Icon under Yinson boss?

bullrun168

489 posts

Posted by bullrun168 > 2024-06-06 12:25 | Report Abuse

Walaoeh, what happend ?
super damn hot man ICON today !
Now ICON was traded at @0.95 (+0.17) (+21.8 %)

Heng ah, Ong ah, Huat ah !

Posted by maggigoreng > 2024-06-06 12:39 | Report Abuse

MBB started coverage of IOB before the share consolidation of 5:1

LY Hoh

79 posts

Posted by LY Hoh > 2024-06-06 13:08 | Report Abuse

What the TP for icon after changed Executive Chairman?

Alipapapa

441 posts

Posted by Alipapapa > 2024-06-06 13:43 | Report Abuse

Mid Term Target Price RM1.50-RM2.00

LY Hoh

79 posts

Posted by LY Hoh > 2024-06-06 14:03 | Report Abuse

@Alipapapa 😊 Thanks.

fairyz

338 posts

Posted by fairyz > 2024-06-06 22:49 | Report Abuse

Nicely done Icon!

+xx%

Let's see if Friday rule applies tomorrow

cheap1

336 posts

Posted by cheap1 > 2024-06-07 10:03 | Report Abuse

Yinson same boss RM 2.32 can Icon still <RM 1?

Bull13

1,100 posts

Posted by Bull13 > 2024-06-07 10:21 | Report Abuse

Oil hits US80. YINSON to award big job to ICON??

Bull13

1,100 posts

Posted by Bull13 > 2024-06-10 11:13 | Report Abuse

Yes. Shippers and logistics players. O& G is a real laggard with other stocks. ICON will be new big brother soon!

Posted by supermanhitam > 2024-06-10 12:54 | Report Abuse

ICON sure will be a big brother

Posted by supermanhitam > 2024-06-10 12:54 | Report Abuse

today before 4:45 will go for 1.00

Posted by maggigoreng > 2024-06-10 13:52 | Report Abuse

and if it doesn't?

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