Icon Offshore

Equities

ICON

MYL5255OO004

Oil Related Services and Equipment

End-of-day quote BURSA MALAYSIA Other stock markets 03:30:00 14/06/2024 am IST			5-day change	1st Jan Change
1.14 ^MYR	0.00%		+25.97%	+94.87%

30/05	Icon Offshore Berhad Announces the Retirement of Dato' Abdul Mutalib Bin Alias as Chairman and Non Independent and Non Executive	CI
30/05	Icon Offshore Berhad Announces the Re-Designation of Lim Chern Wooi as Executive Chairman from Executive Director	CI

Liannex Corporation Sdn. Bhd. completed the acquisition of .000005% stake in Icon Offshore Berhad.

May 07, 2024

Liannex Corporation Sdn. Bhd. made an offer to acquire 49.8% stake in Icon Offshore Berhad (KLSE:ICON) for MYR170 million on March 26, 2024. AmInvestment Bank Berhad acted as financial advisor to Liannex Corporation Sdn. Bhd.

Liannex Corporation Sdn. Bhd. completed the acquisition of .000005% stake in Icon Offshore Berhad (KLSE:ICON) on May 7, 2024.

Latest news about Icon Offshore

Icon Offshore Berhad Announces the Retirement of Dato' Abdul Mutalib Bin Alias as Chairman and Non Independent and Non Executive	30/05	CI
Icon Offshore Berhad Announces the Re-Designation of Lim Chern Wooi as Executive Chairman from Executive Director	30/05	CI
Icon Offshore Berhad Announces the Re-Designation of Puan Farina Binti Farikhullah Khan as Chairman of Audit Committee from Member of Audit Committee Independent and Non Executive	30/05	CI
Icon Offshore Berhad Announces the Retirement of Encik Edwanee Cheah Bin Abdullah as Independent and Non Executive, Chairman of Nomination and Remuneration Committee	30/05	CI
Icon Offshore Berhad Announces Retirement of Datuk Wira Azhar Bin Abdul Hamid as Independent and Non Executive Chairman of Audit Committee	30/05	CI
Icon Offshore Berhad Appoints Datuk Abdullah Bin Karim as Member of Nomination and Remuneration Committee and Independent and Non Executive	30/05	CI
Icon Offshore Berhad Appoints Dato' Syed Naqiz Shahabuddin Bin Syed Abdul Jabbar as Chairman of Nomination and Remuneration Committee and Independent and Non Executive Director	30/05	CI
Icon Offshore Berhad Announces the Retirement of Madeline Lee May Ming as Member of Nomination and Remuneration Committee and Independent and Non Executive	30/05	CI
Icon Offshore Berhad Reports Earnings Results for the First Quarter Ended March 31, 2024	23/05	CI
Icon Offshore Berhad Appoints Lim Chern Wooi as Executive Director	10/05	CI
Icon Offshore Berhad Appoints Dato' Syed Naqiz Shahabuddin Bin Syed Abdul Jabbar as Independent and Non Executive Independent Director	10/05	CI
Liannex Corporation Sdn. Bhd. completed the acquisition of .000005% stake in Icon Offshore Berhad.	07/05	CI
Malaysian private equity firm Ekuinas sells 50.2% stake in Icon Offshore	26/03	RE
Liannex Corporation Sdn. Bhd. made an offer to acquire 49.8% stake in Icon Offshore Berhad for MYR170 million.	26/03	CI
Liannex Maritime Sdn Bhd acquirer a 50.2% stake in Icon Offshore Berhad from Hallmark Odyssey Sdn. Bhd. for MYR 170 million	26/03	CI
Icon Offshore Executes Workboat Charter Party Deal	15/03	MT
Icon Offshore Bags Platform Supply Vessel Deal	05/03	MT
Icon Offshore Grants Shares to Eligible Employees	04/03	MT
Icon Offshore Berhad Reports Earnings Results for the Full Year Ended December 31, 2023	29/02	CI
Icon Offshore Berhad Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	29/02	CI
Icon Offshore Berhad Announces Single-Tier Interim Dividend for Financial Year Ending 31 December 2023, Payable on January 9, 2023	29/11	CI
Icon Offshore Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	29/11	CI
Icon Offshore Secures Tug Vessel Deal from SEA Hibiscus	08/11	MT
Icon Offshore Grants 5 Million Share Options to Managing Director	10/23/10	MT
Icon Offshore Berhad Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	24/23/24	CI

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Company Profile

Icon Offshore Berhad is a Malaysia-based service provider of an offshore support vessel (OSV). It provides offshore marine solutions that support the upstream oil and gas industry, serving clients in Malaysia and Southeast Asia. The Company operates in integrated business operations, which consists of the vessel owning/leasing activities and provision of vessel chartering and ship management services to oil and gas and related industries. It provides OSVs in Southeast Asia. It provides logistical support services across offshore oil and gas life cycle, from exploration and appraisal, field development, operation, and maintenance, to decommissioning activities. The Company's vessels are used for providing a range of services, including seismic survey, drilling operations support, towing, anchor handling and mooring of barges, repair and maintenance support, accommodation facilities for personnel and transportation of personnel and supplies to platforms.

Sector

Oil Related Services and Equipment

Calendar

22/08/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Icon Offshore

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

1.14 MYR

Average target price

0.595 MYR

Spread / Average Target

-47.81%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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