What cause the surge today? Valuecap effect? Dont see any bursa annoucement also.... before this somebody here keep saying will drop below 20sen, so now what ?!
Posted by sunztzhe > Nov 13, 2015 04:46 PM | Report Abuse X
ICON had already BOTTOMED..It is consolidating sideways now. After the consolidation is over, ICON will GO UPTREND. This is a good opportunity to buy ICON as there is little downside now for Crude Oil. -------------------------------------------------------------------- Congrats to those who bought in. Sideways consolidation is OVER. UPTREND had already started. Immediate resistance is 50 cents. Given time, it will challenge its all time high of 2.19.
my friend the new CEO will also have a tough time to consolidate due to the oil price and furthermore the vessels are in a terrible state of condition. We in the oil and gas especially the in marine sector know the condition of each vessel this the industry comment.
DUBAI (Reuters) - President Hassan Rouhani ordered his defence minister on Thursday to expand Iran's missile programme, in response to a U.S. threat to impose sanctions over a ballistic missile test Iran carried out in October.
DUBAI (Reuters) - President Hassan Rouhani ordered his defence minister on Thursday to expand Iran's missile programme, in response to a U.S. threat to impose sanctions over a ballistic missile test Iran carried out in October.
"As the U.S. government is clearly still pursuing its hostile policies and illegal meddling ... the armed forces need to quickly and significantly increase their missile capability," Rouhani wrote in a letter to Defence Minister Hossein Dehghan, published on the state news agency IRNA.
U.S. President Barack Obama's administration is preparing new sanctions against international companies and individuals over Iran's ballistic missile programme, sources familiar with the situation said on Wednesday.
China shares slump 7%, trading halted for rest of day
SHANGHAI: China's benchmark CSI300 share index tumbled 7% on the first session of 2016 on Monday, prompting the stock exchange to halt trading for the rest of the day.
The "circuit breaker" suspension mechanism first came into effect on Monday.
Stocks slumped after weak factory activity surveys soured hopes that the world's second-largest economy will enter the new year on better footing, and selling intensified throughout the day.
Investors also dumped stocks ahead of the imminent expiration of a share sales ban on listed companies' major shareholders, which had been imposed during the market crash last summer. - Reuters
Tomorrow might see another circuit breaker suspension if panic sets in......bo chow ccccccccccccccccccccc..................arrrrrrrrrrrr
Some O&G related companies can still survive (and securing new contracts) during this weak oil prices era.. but some companies cannot withstand the hardship and will eventually perish..
“We upgrade Icon, Perisai Petroleum Teknologi Bhd, SapuraKencana Petroleum Bhd (SapKen) and UMW O&G to trading buys with unchanged target price. These stocks, in our view, are oversold, attractively valued, high beta proxies to any potential rebound in oil prices and weaker US dollar,” Maybank IB said.
A lot of stupid panic investors sell when the oil price is down. Then later buy back at higher price when oil price is up. I always buy when oil price is down and hold on when oil price is up. I've confident that oil price will go up above US$50 per barrel or even US$60 end of this year or maybe early next year.
LATEST NEWS, CORPORATE Icon in position to trade higher, says AllianceDBS Research
KUALA LUMPUR (Feb 17): AllianceDBS Research said Icon Offshore Bhd (Icon) was in position to trade higher and that Icon had on Feb 16 crossed over the 38 sen hurdle to settle at the day’s high of 38.5 sen (up 1.5 sen or 3.22%).
In its evening edition yesterday, the research house said the crossover of the 38 sen hurdle would likely see Icon trading upward with the next upside target pegged between 41 sen and 44 sen.
It said risk taking traders could establish a buying position at 38 sen on a small pullback.
“Once a buying position is established, a stop loss at 37.5 sen level must be placed for risk capital protection, and this 37.5 sen is to be followed by a trailing stop loss strategy.
“If you are prepared to take a trading loss risk of RM5 (excluding brokerage) for RM30 – RM60 potential profit, you may acquire 1,000 shares with a capital amount of RM380 assuming buying order is filled at 38 sen,” it said.
D'nt worry it have drop to its lowest level it have no more grounds to drop further maybe side way while waiting for oil to rise, then.................boom time starts.
Icon is currently headed by Datuk Abdul Rahman Ahmad, CEO of Ekuinas until Feb 29, 2016. Since the new ICON CEO, Amir Hamzah Azizan is a PETRONAS top executive, he can bring this counter to another level in the next few months to please his bosses - shareholder.
Since he knows what criteria must have to get contract from PETRONAS and other oil companies , many industry player anticipating that this company will get more contracts than its competitors this year. Not to mention that icon already has sufficient revenue/contract to survive in the next few years.
In addition to that, this is one of the local companies that still make money regardless oil price but making more money if oil price rise further.
So, VERY GOOD POTENTIAL COMPANY TO MAKE MONEY THIS YEAR!!!
Oil price is going up. It's normal strategy that being used by fund companies to bring the price down by offering cheaper price but they tapau nicely. Same strategy being used for airasia today. The price probably will gap up this monday.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good_News
601 posts
Posted by Good_News > 2015-12-28 09:09 | Report Abuse
Up 5 sen today and also active.