Name	Position	Tenure	Compensation	Ownership
Yu-Jin Lee	Chief Financial Officer	1.8yrs	no data	no data
Mazzrizal Wahab	General Manager of Operations	less than a year	no data	no data
Farah binti Othman	Head of Human Capital & Administration	3.1yrs	no data	no data
Chern Lim	Managing Director	no data	no data	no data
Siew Chua	Joint Company Secretary	9.3yrs	no data	no data
Mun Yee Chin	Joint Company Secretary	9.3yrs	no data	no data
Loo Tan	Company Secretary	4.2yrs	no data	no data

3.6yrs

Average Tenure

51yo

Average Age

Experienced Management: ICON's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Syed Yasir bin Syed Abd Kadir	Non-Independent Non-Executive Director	11.2yrs	no data	no data
Ainul bin Ainul Jamal	Independent Non-Executive Director	less than a year	no data	no data
Farina Farikhullah Khan	Independent Non Executive Director	8.7yrs	RM 150.00k	no data
Syed Naqiz bin Syed Abdul Jabbar	Non-Executive Independent Director	less than a year	no data	no data
Aliff Bin Mohamad Omar	Non-Independent & Non-Executive Alternate Director	1.8yrs	no data	no data

1.8yrs

Average Tenure

52yo

Average Age

Experienced Board: ICON's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/03 12:09
End of Day Share Price	2025/01/03 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Icon Offshore Berhad is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Muzhafar Mukhtar	Credit Suisse
Yat Tan	Hong Leong Investment Bank Berhad
Sin Lim	Kenanga Research

Icon Offshore Berhad Management

Management criteria checks 1/4

Key information

Recent management updates

Icon Offshore Berhad Announces Appointment of Captain Adarash Kumar A/L Chranji Lal Amarnath as an Independent and Non Executive Director

Icon Offshore Berhad Announces Resignation of Lee Yu Jin as Chief Financial Officer

Icon Offshore Berhad Announces the Cessation of Office of Datuk Abdullah Bin Karim as Independent and Non Executive Member of Nomination and Remuneration Committee

Icon Offshore Berhad Announces Redesignation of Dato' Sri Hadian Bin Hashim as Non Independent and Non Executive Director

Icon Offshore Berhad Appoints ENCIK AINUL AZHAR BIN AINUL JAMAL as Independent and Non Executive Director

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

Recent updates

Icon Offshore Berhad Announces Appointment of Captain Adarash Kumar A/L Chranji Lal Amarnath as an Independent and Non Executive Director

Icon Offshore Berhad Announces Resignation of Lee Yu Jin as Chief Financial Officer

Icon Offshore Berhad Announces the Cessation of Office of Datuk Abdullah Bin Karim as Independent and Non Executive Member of Nomination and Remuneration Committee

Third quarter 2024 earnings released: EPS: RM0.033 (vs RM0.011 in 3Q 2023)

Icon Offshore Berhad Announces Redesignation of Dato' Sri Hadian Bin Hashim as Non Independent and Non Executive Director

Second quarter 2024 earnings released: EPS: RM0.012 (vs RM0.008 in 2Q 2023)

Now 21% undervalued

Now 24% undervalued

Icon Offshore Berhad Appoints ENCIK AINUL AZHAR BIN AINUL JAMAL as Independent and Non Executive Director

Now 22% undervalued

Now 18% undervalued

Now 23% undervalued

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

Icon Offshore Berhad Announces Retirement of Datuk Wira Azhar Bin Abdul Hamid as Independent and Non Executive Chairman of Audit Committee

First quarter 2024 earnings released: RM0.044 loss per share (vs RM0.008 loss in 1Q 2023)

Icon Offshore Berhad Appoints Dato' Syed Naqiz Shahabuddin Bin Syed Abdul Jabbar as Independent and Non Executive Independent Director

Icon Offshore Berhad, Annual General Meeting, May 30, 2024

New minor risk - Shareholder dilution

Liannex Maritime Sdn Bhd acquirer a 50.2% stake in Icon Offshore Berhad (KLSE:ICON) from Hallmark Odyssey Sdn. Bhd. for MYR 170 million

Liannex Maritime Sdn Bhd acquirer a 50.2% stake in Icon Offshore Berhad (KLSE:ICON) from Hallmark Odyssey Sdn. Bhd. for MYR 170 million

Icon Offshore Berhad (KLSE:ICON) Stocks Pounded By 26% But Not Lagging Industry On Growth Or Pricing

These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively

Full year 2023 earnings released: EPS: RM0.009 (vs RM0.31 in FY 2022)

After Leaping 28% Icon Offshore Berhad (KLSE:ICON) Shares Are Not Flying Under The Radar

Calculating The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)

Upcoming dividend of RM0.05 per share at 16% yield

Third quarter 2023 earnings released: EPS: RM0.011 (vs RM0.014 in 3Q 2022)

Now 20% undervalued

We Think Icon Offshore Berhad (KLSE:ICON) Is Taking Some Risk With Its Debt

Estimating The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)

Second quarter 2023 earnings released: EPS: RM0.002 (vs RM0.003 in 2Q 2022)

Icon Offshore Berhad (KLSE:ICON) Has More To Do To Multiply In Value Going Forward

New major risk - Share price stability

We Think Icon Offshore Berhad (KLSE:ICON) Is Taking Some Risk With Its Debt

High number of new directors

Icon Offshore Berhad Announces the Resignation of Ym Raja Tan Sri Dato Seri Arshad Bin Raja Tun Uda as Non-Independent and Non-Executive Chairman

Consensus EPS estimates fall by 17%

First quarter 2023 earnings released: RM0.002 loss per share (vs RM0.001 profit in 1Q 2022)

The Return Trends At Icon Offshore Berhad (KLSE:ICON) Look Promising

Now 23% undervalued

Now 27% undervalued after recent price drop

A Look At The Intrinsic Value Of Icon Offshore Berhad (KLSE:ICON)

Full year 2022 earnings released: EPS: RM0.063 (vs RM0.008 in FY 2021)

Now 27% undervalued after recent price drop

These 4 Measures Indicate That Icon Offshore Berhad (KLSE:ICON) Is Using Debt Extensively

Consensus EPS estimates fall by 50%

Icon Offshore Berhad Announces Resignation of Siti Nur Naimin Binti Hasanuddin as Company Secretary

Third quarter 2022 earnings released: EPS: RM0.003 (vs RM0.005 in 3Q 2021)

Estimating The Fair Value Of Icon Offshore Berhad (KLSE:ICON)

Icon Offshore Berhad Announces Single-Tier Special Dividend for the Financial Year Ended December 31, 2022, Payable on December 28, 2022

Price target increased to RM0.16

Insufficient new directors

Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet

Second quarter 2022 earnings released: EPS: RM0.003 (vs RM0.005 in 2Q 2021)

Icon Offshore Berhad (KLSE:ICON) Is Experiencing Growth In Returns On Capital

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investors Continue Waiting On Sidelines For Icon Offshore Berhad (KLSE:ICON)

Icon Offshore Berhad, Annual General Meeting, Jun 28, 2022

Insufficient new directors

Full year 2021 earnings: EPS and revenues miss analyst expectations

Returns On Capital Are Showing Encouraging Signs At Icon Offshore Berhad (KLSE:ICON)

Insufficient new directors

Icon Offshore Berhad (KLSE:ICON) Has A Somewhat Strained Balance Sheet

Second quarter 2021 earnings released: EPS RM0.006 (vs RM0.003 in 2Q 2020)

Be Wary Of Icon Offshore Berhad (KLSE:ICON) And Its Returns On Capital

First quarter 2021 earnings released: RM0.004 loss per share (vs RM0.67 profit in 1Q 2020)

Icon Offshore Berhad (KLSE:ICON) Seems To Use Debt Quite Sensibly

Can Icon Offshore Berhad (KLSE:ICON) Continue To Grow Its Returns On Capital?

Full year 2020 earnings released: EPS RM0.011 (vs RM0.42 loss in FY 2019)