IRIS CORPORATION BHD
KLSE (MYR): IRIS (0010)
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Last Price
0.345
Today's Change
0.00 (0.00%)
Day's Change
0.34 - 0.35
Trading Volume
2,085,600
Changes
| Ann. Date | Date | Type | Name | Title | View |
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Discussions
76 people like this. Showing 50 of 45,499 comments
Hahahaha mau short cut pergi pasang cable tengok sudah ada problem besar, Wakaka
2023-08-15 12:16
Only hope they don't default debts. If yes there would fall into PN17 and risk delisting. They very obvious struggling with debts and cash flow issue. Now without 70 cash from sale of the company that got the Project. That is huge blow
2023-08-15 21:47
???? apa slander ni? iris has net cash of rm90 mil! Net cash = cash less off liabilities
2023-08-16 07:29
So with so healthy balance sheet, why need to sell 80% of the NIISe for just 70m? Now without this 70m, without the project, all the expenditure spent on this project, how big the impact on their cash flow? Not to mention the court case against government would be burning money too
2023-08-16 10:12
KDN tamatkan kontrak Iris sekat Mafia Korporat ambil alih Projek NIISe Jabatan Imigresen?
https://thecorporate-secrets.com/blog/2023/08/23/kdn-tamatkan-kontrak-iris-sekat-mafia-korporat-ambil-alih-projek-niise-jabatan-imigresen/
2023-08-23 14:52
Wo, Dr poh promotion, can he save iris from losing government contract, hmm
2023-08-30 18:24
FOR NEWBIES
IRIS CORPORATION BERHAD ("IRIS" OR THE "COMPANY")
(I) CAPITAL REDUCTION; AND
(II) SHARE CONSOLIDATION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the Company's announcements dated 14 July 2023, 25 July 2023, 28 August 2023, 29 August 2023 and 20 September 2023 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.
On behalf of the Board, RHB Investment Bank wishes to announce that the Company, had, via its legal counsel, filed an application to the High Court of Malaya in relation to the Capital Reduction pursuant to Section 116 of the Act.
This announcement is dated 14 November 2023.
==============
Be aware of on-going activities
NOSH = 3,262,910,862
https://www.klsescreener.com/v2/stocks/view/0010/iris-corporation-berhad
==============
(i) proposed reduction of the issued share capital of IRIS pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction"); and
(ii) proposed consolidation of every 4 existing ordinary shares in IRIS ("IRIS Share(s)") into 1 IRIS Share upon completion of the Proposed Capital Reduction ("Proposed Share Consolidation").
Further details of the Proposals are set out in the attachment below.
This announcement is dated 14 July 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3369371
2023-11-16 10:06
MIMOS and IRIS have collaborated on various projects, such as the development of the Malaysian passport, the electronic national identity card, and the biometric verification system. MIMOS get 80M to expedite MYDigital ID. you think iris will not get benefit?
iris will do capital reduction to pay all their debt. then do share consolidation. look at AAX they did it similar thing
2023-12-09 13:48
berita baik xde lagi.. berita ramai yg kena game ada la.. nanya pak karim
2024-01-19 16:10
The Edge say more than 10 companies bidding for NIISE project. Who are the shortlisted ones??
2024-02-20 10:14
Very likely Iris get compensation from government
Govt ordered to pay RM231.55m in damages to Awantec over termination of RM3.5b SKIN project
https://theedgemalaysia.com/node/704578
2 months ago
Hi anyone can advice on iris going consolidation..wts the rate after considition pls?
2 months ago
consolidate to 0.3 so it can continue fall to 0.09 and then consolidate again?😅
2 months ago
To trap ikan bilis to sell lor
Imagine u bought 15sen long time ago. Then suddenly now u see 32sen. First thing u will do is fast fast sell all cos u thought u doubled your money.
2 months ago
Buy call 33.5 cents
Please consider early april
Support 28 cents not break many times
Tp 50 cents range in 6 month time.Provided no right issues before 6 month(Tp 50 cents range)
22/3/24 6.04pm
2 months ago
lol, like what i said, consolidate to 0.3 so it can continue fall to 0.09 and then consolidate again
1 month ago
big new, JV with Singapore company, can fly tomorrow?
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3439862
1 month ago
Malaysia government abondon Iris, while blue chip giant collaborate with Iris in Sinpgaore, so sacastic, Madani Malaysia haha
1 month ago
Iris The Dawn of a new Beginning?
Founded in 1994, IRIS Corporation Berhad (ACE Market: IRIS) is an MSC-status technology innovator and leading provider of Trusted Identification (ID) products and solutions for Business, Data centers & Government in Malaysia, the Asia Pacific, Oceania, Africa, and North America. Backed by a team committed to delivering innovation, designed the world's first ePassport for the Government of Malaysia in March 1998.
IRIS provides total end-to-end solutions for electronic Passport and electronic Identification system for high security needs of Data Centers & Government. Some of the products are Passport Inlays, e-Passport Readers, Smart Cards, Smart Card readers, Biometric scanners, Electronic Ticketing System and Automated Border Access Control System
Currently, IRIS has been exported to many countries such as Bahrain , Indonesia , New Zealand , Syria , Thailand , Turkey , United Arab Emirates and United States of America.
IRIS Berhad has a total shareholder equity of MYR373.2M and total debt of MYR7.5M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are MYR651.2M and MYR278.0M respectively. IRIS Berhad's EBIT is MYR40.5M making its interest coverage ratio -11. It has cash and short-term investments of MYR129.0M.
#Third quarter 2024 earnings released: EPS: RM0.003 (vs RM0.002 in 3Q 2023)
Feb 28
#Second quarter 2024 earnings released: EPS: RM0.002 (vs RM0.002 in 2Q 2023)
Nov 19
#IRIS Corporation Berhad Announces Re-Designation of Poh Soon Sim, Executive Deputy Chairman as Executive Chairman
Sep 01
#First quarter 2024 earnings released: EPS: RM0.003 (vs RM0.001 in 1Q 2023)
#Short Term Liabilities: IRIS's short term assets (MYR455.0M) exceed its short term liabilities (MYR267.5M).
#Long Term Liabilities: IRIS's short term assets (MYR455.0M) exceed its long term liabilities (MYR10.5M).
Below Fair Value: IRIS (MYR0.34) is trading below our estimate of fair value (MYR6.32)
Significantly Below Fair Value: IRIS is trading below fair value by more than 20%.
Price-To-Earnings vs Peers: IRIS is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (37.7x).
Debt Level: IRIS has more cash than its total debt.
Reducing Debt: IRIS's debt to equity ratio has reduced from 61.2% to 2% over the past 5 years.
Debt Coverage: IRIS's debt is well covered by operating cash flow (540.5%).
Interest Coverage: IRIS earns more interest than it pays, so coverage of interest payments is not a concern.
Recommendation:
Take advantage of curent Market Play on Technology & Data Center connected stocks! Buy Iris while still cheap before expected profitable Qtr. is out! Current price only 34 sen, once it breaks 36 sen. It is expected to fly! Swim with the Sharks as Market Operators can be seen quietly accumulating Iris. TP60 sen and beyond!
2 weeks ago
Refer Tradingview for latest market information on Iris with link below:
https://www.tradingview.com/symbols/MYX-IRIS/
1 week ago
Yes.. now is tech wind ..
And recently alot of counter transferring to Main Market.
1 week ago
IRIS Malaysia 4th-Quarter 2024 & 12 months ended March 31, 2024 Earnings Summary Table
May 20, 2024 17:48 GMT+8
IRIS (0010.KU) - Malaysia
(4th) quarter ended Mar 31, 2024
Figures Are In Ringgit (MYR).
Revenue 46,137,000
PreTax Profit 5,077,000
Net Profit 4,319,000
Earnings Per Share 0.53 Sen
NTA Per Share 0.4651
12 months ended Mar 31, 2024
Revenue 371,108,000
PreTax Profit 40,380,000
Net Profit 32,247,000
Earnings Per Share 3.95 Sen
https://www.tradingview.com/news/DJN_DN20240520002557:0/
RECOMMENDATION:
Take advantage of current Tech & DC connected stock play. Collect Iris as much as possible on any weakness as Iris is on the verge of a breakout! With a clean Balance Sheet, good cash position & little debts & NTA of 0.4651 per share, Iris is well positioned to move higher once 0.36 is broken. Iris is still a profitable business even without income from Niise. Refer latest 4th Qtr. & 12 months ended 31 March, 2024 results. TP 0.60 & beyond is still on track!
Technical Summary from Tradingview also Recommended a Strong Buy! Refer link below:
https://www.tradingview.com/symbols/MYX-IRIS/
1 week ago
(Updated Wesak Holiday Reading)
Who is IRIS?
Iris is still a profitable company with PE of 8.84 as compared to peer average of 37.7x even without Niise. With a clean Balance Sheet, good Cash Position & little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher once 0.36 is broken.
Recommendation: Benefit from First Mover advantage on this hidden gem! Accumulate IRIS while still cheap and we wait for the Breakout coming anytime now before Market & Foreign Funds comes!
#Price-To-Earnings vs Peers: IRIS is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (37.7x).
#Debt Level: IRIS has more cash than its total debt.
#Reducing Debt: IRIS's debt to equity ratio has reduced from 61.2% to 2% over the past 5 years.
#Debt Coverage: IRIS's debt is well covered by operating cash flow (540.5%).
#Interest Coverage: IRIS earns more interest than it pays, so coverage of interest payments is not a concern.
Refer link for latest info:
https://www.tradingview.com/symbols/MYX-IRIS/
IRIS Corporation Berhad, a technology integrator and innovator with Innovative, Relevant, Intelligent & Secure solutions for trusted identification, has over 25 years of experience in developing ePassports and multi-application eID cards.
From manufacturing smart cards and identity documents to the devices required to authenticate them, to designing the world’s first ePassport and multi-application national eID card, we are adding trust, simplicity and value to a growing portfolio of discerning clients in 34 countries across the globe.
PRODUCTS & SOLUTIONS
Government
ID Solution
Passport Solution
eVisa Solution
Border Control Solution
Digital ID Solution
Smart Kiosks
Secure Document Solution
Enterprise including Data Centers
Smart Card Solution
Secure Document Solution
Smart Devices
Smart Kiosks
https://www.iris.com.my/smart-card-reader-devices/
1 week ago
“laulau > IRIS Malaysia 4th-Quarter 2024 & 12 months ended March 31, 2024 Earnings Summary Table…12 months ended Mar 31, 2024 Revenue 371,108,000 PreTax Profit 40,380,000 Net Profit 32,247,000 Earnings Per Share 3.95 Sen..”
Yes, very good return of 3.95 sen over present market price, more than 10% return. Another point, good Consolidation with account adjustment. Share capital adjustment ( Capital reduction pursuant to Section 116 of the Companies Act 2016 (430,000k) ) to 180,759k from 610,759k seeing Retained Earnings/(Accumulated losses) to positive 169,400k from negative (293,828k). Cash flow also improved: CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD, 142,029k from 104,801k.
Happy Wesak for those who celebrate, and Happy Holiday to the rest.. Iris is/was one of my big winners during the National Integrated Immigration System (NIISe) bidding period few years ago. Bought at 15.5 sen and sold 80% from around 40 sen down to around 30 sen. Will post my trade later if still can dig up those data as it was traded quite long ago. Happy Trading and TradeAtYourOwnRisk.
1 week ago
IRIS already has the technology and expertise on Border Control to support the new Malaysia Border and Entry Agency (MCBA), which acts as the sole agency in overseeing border security matters and emphasises the use of cutting-edge technology, including artificial intelligence, that will be adopted to enhance border control management. MCBA may work with IRIS as a One-Stop solution provider to MCBA's Border Control requirements to implement effective Border Controls?
Why IRIS Border Control Solution?
#Inventor of the world’s first ePassport and multi-application national eID card.
#Specialise in the provision of fully integrated border control and management solutions to national governments and border management authorities for specific needs in border protection and management.
#Offer comprehensive intelligent border control management system that seamlessly automates and accelerates border crossings, enabling the reading, cross-checking and authenticating millions of passports, visas and other travel documents.
#Integrate technology, solutions and devices to quickly authenticate and verify identity for both online and offline (on-card), through core patented Image Retrieval & Identification System (IRIS).
#Have a wide range of technologically-advanced and award-winning smart devices ranging from basic card readers, biometric card readers, to multi-functional mobile terminals, kiosks and smart eGates to complement the total Smart Border Control Solution.
Our Secure Solutions
We offer comprehensive, highly adaptive and customisable Trusted Identification software solutions that are built on a secure and technologically advanced platform. Our solutions unify security, inventory, workflow and lifecycle requirements while managing enrolment, production, issuance of physical or electronic documents such as identity cards, ePassports, driver’s licenses, voter’s cards, visas and many more.
IRIS Border Control Solution
https://www.iris.com.my/wp-content/uploads/2020/04/Border-Control-Solution.pdf
Home Ministry eyes cutting-edge tech, AI to enhance border control management
By Fuad Nizam
May 5, 2024 @ 2:40pm
KUALA LUMPUR: The Home Ministry will look into the use of cutting-edge technology, including artificial intelligence, to enhance border control management.
Its minister, Datuk Seri Saifuddin Nasution Ismail, said the adoption of the technology was based on the vision of Prime Minister Datuk Seri Anwar Ibrahim to achieve a sustainable and high-income nation, where a secure and safe environment plays a crucial role.
"To achieve this vision and aspiration, a secure and safe environment plays a crucial role where threats such as cyberattacks, radicalism and extremism need to be handled effectively to safeguard the harmony and sustainability of the nation.
"In line with this, Malaysia is taking steps to strengthen security control involving border security by establishing the Malaysia Border and Entry Agency (MCBA), which acts as the sole agency in overseeing border security matters and emphasises the use of cutting-edge technology, including artificial intelligence, that will be adopted to enhance border control management," he said in a joint press conference with Defence Minister Datuk Seri Khaled Nordin following a walkabout to witness the final preparations for DSA and Natsec Asia 2024.
https://www.nst.com.my/news/nation/2024/05/1046505/home-ministry-eyes-cutting-edge-tech-ai-enhance-border-control
1 week ago
Introducing Iris Smart Kiosks Solution for National Border Controls & High Security Protection for Data Centers.
https://www.iris.com.my/smart-kiosks/
Malaysia Border Control Agency
https://www.ttgasia.com/2024/05/08/malaysia-launches-agency-for-enhanced-border-control/
1 week ago
Iris is the obvious choice for MBCA's National Border Control Needs.
Why Iris?
#Immigration Department already using Iris supplied Border Control equipment & solutions.
#MBCA will require Iris to upgrade existing Border Control equipment with hightech & Ai capabilities with the use of cutting-edge technology, including artificial intelligence, that will be adopted to enhance border control management.
RECOMMENDATION:
Take advantage of current Tech & DC connected stock play. Collect Iris as much as possible on any weakness as Iris is on the verge of a breakout! With a clean Balance Sheet, good cash position & little debts & NTA of 0.4651 per share, Iris is well positioned to move higher once 0.36 is broken. Iris is still a profitable business even without income from Niise. Refer latest 4th Qtr. & 12 months ended 31 March, 2024 results. TP 0.60 & beyond is still on track!
1 week ago
(Weekend Reading)
Key Takeaways On Iris:
#Iris currently has a very good return of 3.95 sen over present market price, with more than 10% returns.
#Iris Mgt has also performed a good Share Consolidation with Share Capital adjustment (Capital reduction pursuant to Section 116 of the Companies Act 2016 where retained earning of 610,759k was used to offset Accumulated losses (430,000k), resulting in a gain of 180,759k in the Balance Sheet. Cash flow has also improved by 135%, with cash & cash equivalents increasing from 104,801k to 142,029k.
#Iris is still a profitable business even without income from Niise. Refer latest 4th Qtr. & 12 months ended 31 March, 2024 results.
#Arbitration is ongoing with Government to negotiate the quantum of compensation for Iris due to unilateral termination of Niise Contract.
#Iris has good chance on winning the Niise Arbitration Award from Government of at least RM231.5 million or more?
*Note: Awantec has won a suit against the Government for the unilateral termination of Sistem Kawalan Imigresen Nasional (SKIN) project the predecessor of Niise with an award of RM231.5 million.
https://www.nst.com.my/business/corporate/2024/03/1025629/kl-high-court-orders-government-pay-awantec-rm2315mil-terminating
RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of a breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher once resistance 0.36 is broken. TP 0.60 & beyond is still on track!
6 days ago
Will Iris benefits from current Tech & DC stock plays? Iris Mgt has been strangely quiet without any announcements lately? Are they working on Something Big to surprise Market when time is right? It's a good time to accumulate Iris on the cheap before any Breakout!
Google commits RM9.4bil for Google data centre and cloud region in Malaysia
Thursday, 30 May 2024
10:17 AM MYT
https://www.thestar.com.my/business/business-news/2024/05/30/google-commits-rm94bil-for-google-data-centre-and-cloud-region-in-malaysia
2 days ago
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hhhiii123
Ph just lose court case against maiyuddhin, very high chance they will lose court case from IRis also,wakaka,
2023-08-15 12:12