https://www.thevibes.com/articles/news/13308/iris-in-talks-with-govt-over-rm1.2-bil-immigration-project

Iris Corp in talks with govt over RM1.2 bil immigration project
Sources say IT service provider has received a letter of intent to begin negotiations

Updated 1 day ago · Published on 12 Jan 2021 7:00AM · 0 Comments

KUALA LUMPUR – Iris Corp Bhd has received a letter of intent to begin negotiations with the government over the RM1.2 billion National Integrated Immigration System (NIIS), people familiar with the matter said.

A source said there had been three days of negotiations last week between Iris, Home Ministry officials as well as S5 Holdings Inc director Syed Mohamad Hafiz Syed Razlan.

Iris was not available for immediate comment.

The IT service provider has been a front runner for the NIIS ever since a request for proposal (RFP) was called in 2019, when Tan Sri Muhyiddin Yassin was home minister, after he terminated the project’s predecessor, Sistem Kawalan Imigresen Nasional (SKIN), due to inflated costs.

Estimates put the cost of the NIIS at about RM1.2 billion, a 66% discount from SKIN’s RM3.5 billion. Prestariang Bhd, which was directly awarded the SKIN contract from the then-Barisan Nasional government in 2017, is suing Putrajaya for RM732.86 million in damages.

Muhyiddin would go on to become prime minister while his Bersatu colleague, Datuk Seri Hamzah Zainuddin, took over the Home Ministry portfolio following the change of government in late February last year.

But the RFP also allows for a consortium of companies to bid for the project. Business publication The Edge, citing sources, had reported on August 24 that Iris had put in a bid through a consortium, with S5 being party to the deal.

Also, an S5 shareholder has links to Muhyiddin’s son-in-law, Datuk Adlan Berhan. The Vibes had reported that Avocat Sdn Bhd, which is controlled by businessman Lim Beng Guan, has a 3.62% stake in S5. Lim is a director while Adlan, who is married to Muhyiddin’s daughter, Nabilah, is a shareholder of Agathistwo Jia Sdn Bhd. – The Vibes, January 12, 2021

https://www.thevibes.com/articles/news/13308/iris-in-talks-with-govt-over-rm1.2-bil-immigration-project

Iris Corp in talks with govt over RM1.2 bil immigration project
Sources say IT service provider has received a letter of intent to begin negotiations

Updated 1 day ago · Published on 12 Jan 2021 7:00AM · 0 Comments

KUALA LUMPUR – Iris Corp Bhd has received a letter of intent to begin negotiations with the government over the RM1.2 billion National Integrated Immigration System (NIIS), people familiar with the matter said.

A source said there had been three days of negotiations last week between Iris, Home Ministry officials as well as S5 Holdings Inc director Syed Mohamad Hafiz Syed Razlan.

Iris was not available for immediate comment.

The IT service provider has been a front runner for the NIIS ever since a request for proposal (RFP) was called in 2019, when Tan Sri Muhyiddin Yassin was home minister, after he terminated the project’s predecessor, Sistem Kawalan Imigresen Nasional (SKIN), due to inflated costs.

Estimates put the cost of the NIIS at about RM1.2 billion, a 66% discount from SKIN’s RM3.5 billion. Prestariang Bhd, which was directly awarded the SKIN contract from the then-Barisan Nasional government in 2017, is suing Putrajaya for RM732.86 million in damages.

Muhyiddin would go on to become prime minister while his Bersatu colleague, Datuk Seri Hamzah Zainuddin, took over the Home Ministry portfolio following the change of government in late February last year.

But the RFP also allows for a consortium of companies to bid for the project. Business publication The Edge, citing sources, had reported on August 24 that Iris had put in a bid through a consortium, with S5 being party to the deal.

Also, an S5 shareholder has links to Muhyiddin’s son-in-law, Datuk Adlan Berhan. The Vibes had reported that Avocat Sdn Bhd, which is controlled by businessman Lim Beng Guan, has a 3.62% stake in S5. Lim is a director while Adlan, who is married to Muhyiddin’s daughter, Nabilah, is a shareholder of Agathistwo Jia Sdn Bhd. – The Vibes, January 12, 2021

Shorters get burned, now shorters shaking hands already

@glovefinish According to homily chart analysis, with a lot of retailers trapped at high price cause large selling pressure and less big players in it, supermx would be volatile within a small price range difficult to go up much difficult to make big money. Thus, it's only suitable for short-term speculation to make pocket money identity its price range to buy at the bottom of its price range and then sell on the top of its price range.
12/01/2021 11:34 PM

You are from JPmorgan or Blackrock? get burned

another77 Looking at the trading, very likely Iris is getting the IIs project.
12/01/2021 8:57 PM

Yes by using Homily Chart you can see insiders are collecting

Chart looks very bullish

As I said before, there is big risk of going back to lockdown.
1. Dont sell your glove
2. Dont hold recovery that recovered from false hope too long

1. State of Emergency is declared, there will be no change of government , any contract awarded will proceed as there will be no change of government or election
2. Vaccine is rolling out soon, those with vaccine will be allowed to travel border will be opened soon. National Integrated Immigration System needs to be implemented as soon as possible
3. EPF continuously net seller of MYEG for the past few days
4. Iris directors has been buying back shares aggressively
5. Volume is increasing suddenly without any news

Something is brewing.... with very low market cap IRIS can easily hit RM2 TP

12-Jan-2021 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 735,000 shares on 11-Jan-2021.
12-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,500,000 shares on 07-Jan-2021.
11-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,000,000 shares on 06-Jan-2021.
08-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,000,000 shares on 05-Jan-2021.
07-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,000,000 shares on 04-Jan-2021.

EPF disposing MYEG? they can smell something?

12-Jan-2021 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 735,000 shares on 11-Jan-2021.
12-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,500,000 shares on 07-Jan-2021.
11-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,000,000 shares on 06-Jan-2021.
08-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,000,000 shares on 05-Jan-2021.
07-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,000,000 shares on 04-Jan-2021.

EPF disposing MYEG? they can smell something?

Distribution stage, big funds cashing out. Sign that Iris win the bid?

Vaccine is rolling out soon, those with vaccine will be allowed to travel, border is opening soon. New immigration system will be expedited.

State of Emergency means we will have stable government until at least August. No election, no vote of confidence until -August.

I move to glove counters first, will come back after mco finish

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

Chart very bullish!

All glove counters crossed EMA20 SMA200 MACD , very bullish!! all uptrend indicators, buy signal that would attract all TA chartist!

Healthcare: Glove TP

HLT next week RM2.30
Careplus next week RM4.20
Ruberex next week RM2.80
Comfort next week RM4.70

Supermax next week RM10.50
TopGlove next week RM8.30
Hartalega next week RM14.50
Kossan next week

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

Chart very bullish!

All glove counters crossed EMA20 SMA200 MACD , very bullish!! all uptrend indicators, buy signal that would attract all TA chartist!

Healthcare: Glove TP

HLT next week RM2.30
Careplus next week RM4.20
Ruberex next week RM2.80
Comfort next week RM4.70

Supermax next week RM10.50
TopGlove next week RM8.30
Hartalega next week RM14.50
Kossan next week

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

Chart very bullish!

All glove counters crossed EMA20 SMA200 MACD , very bullish!! all uptrend indicators, buy signal that would attract all TA chartist!

Healthcare: Glove TP

HLT next week RM2.30
Careplus next week RM4.20
Ruberex next week RM2.80
Comfort next week RM4.70

Supermax next week RM10.50
TopGlove next week RM8.30
Hartalega next week RM14.50
Kossan next week

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

Chart very bullish!

All glove counters crossed EMA20 SMA200 MACD , very bullish!! all uptrend indicators, buy signal that would attract all TA chartist!

Healthcare: Glove TP

HLT next week RM2.30
Careplus next week RM4.20
Ruberex next week RM2.80
Comfort next week RM4.70

Supermax next week RM10.50
TopGlove next week RM8.30
Hartalega next week RM14.50
Kossan next week

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

Healthcare: Glove TP

HLT next week RM2
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

Healthcare: Glove TP

HLT next week RM2
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

JohnFarmer458 shorters will get burned when MKN announced MCO 2.0
07/01/2021 2:57 PM

Healthcare: Glove TP

HLT next week RM2
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

101st_airborne wah suddenly spiking, is it due to the possible full lockdown this monday?
08/01/2021 4:08 PM

its not possible , it is confirmed. Look at our cases DG already mention if nothing is done we will be seeing 5000 cases a day in April

Ikanbilis999 technical rebound saja u thought real uptrend meh
08/01/2021 3:53 PM

break ma200 and ema20 is rebound only?

@
caesarlcy Can I know if LU is 1.48 or 1.53?
08/01/2021 3:45 PM

1.53

HLT next week RM2
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

HLT next week RM2
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

HLT next week RM2
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

HLT next week RM2
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

HLT next week RM2
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

HLT next week RM2
Careplus next week RM3.80
Ruberex next week RM2.50
Comfort next week RM4.50
AT next week RM0.28

Supermax next week RM10.00
TopGlove next week RM8
Hartalega next week RM14
Kossan next week RM5.50

short seller panic buying TopGlove soon

still got 12% to limit up, keep adding more

Careplus and Ruberex already 15%+

HLT only at 11%+ still much upside potential

HLT currently ar 11% up still have 19% upside. Still very cheap now

anyone seeing the viral email from MKN circulated to frontline workers to prepare for MCO 2.0 next week at 6 states? Kl,Selangor,Penang,Johor,Melaka,Sabah?

anyone seeing the viral email from MKN circulated to frontline workers to prepare for MCO 2.0 next week at 6 states? Kl,Selangor,Penang,Johor,Melaka,Sabah?

anyone seeing the viral email from MKN circulated to frontline workers to prepare for MCO 2.0 next week at 6 states? Kl,Selangor,Penang,Johor,Melaka,Sabah?

shorters will get burned when MKN announced MCO 2.0

I heard alot of frontliners said they got instruction to prepare for MCO 2.0 next week

I heard alot of frontliners said they got instruction to prepare for MCO 2.0 next week

@drgondong its all about money flow, MCO 2.0 announcement will cause counters like Airasia,Banks,Genting, and other affected sectors to go down so investors would rather park their money in glove as its still making profit

HLT still got 17.5% upside from current price

@charchar HLT limit up is 1.44

AT TP 0.25cents

Today limit up?

HLT
ESCERAM
CarePlus
Ruberex

if MCO for 4-5 weeks , without domestic flights how can Airasia sustain? will be good entry at 0.6x buy on weakness

If next week got MCO 2.0 ESCERAM TP 0.90

if next week got MCO 2.0 , HLT TP RM2.00

Brent oil going to 54$

Brent oil going to 54$