Konnichiwa

Konnichiwa | Joined since 2023-01-03

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Stock

4 days ago | Report Abuse

Or could it be stepping stone?

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4 days ago | Report Abuse

https://theedgemalaysia.com/node/718266

Scicom said BPO has lower margin compared to border control and immigration. But the latter has high barrier to entry, mostly due to the need of proven track record which Iris already had.

Why would Iris enter into low margin BPO business, in foreign country instead of Malaysia? More details needed to justify the move.

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5 days ago | Report Abuse

Port City BPO (Pvt) Ltd. is assumed by the JV entity of Aitken Spence PLC and IRIS Corporation Berhad.

https://portcitybpo.lk/about-us/

Seems legit partnering with Sri Lankan blue chip conglomerate. Not sure if they will tell more in the upcoming annual report.

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6 days ago | Report Abuse

Ka booooom… habis

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2 weeks ago | Report Abuse

Direct Business Transaction

4/7/2024 - 12 million shares @ RM0.48

1.471% of total shares


New investor???

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2 weeks ago | Report Abuse

The reason to keep the price steady is to sell their shares on hand. LOL

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3 weeks ago | Report Abuse

Management kinda low profile for long time. No news pun 😬

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4 weeks ago | Report Abuse

ya hor, laulau so quiet today

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1 month ago | Report Abuse

Following your concept, let me try.

Luckin Coffee will be roping in a Bursa Malaysia-listed firm as its local partner armed with an ambitious stores expansion plan in the next five years, according to sources.

https://theedgemalaysia.com/node/716078

Can TSVT with vast experience in Starbucks bring in Chinese Luckin Coffee to Iris as an expansion under the Belt and Road Initiative?

Lol

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1 month ago | Report Abuse

None of the links that you shared mention Malaysia’s collaboration with Chinese on automated control, e-passport.

Iris is not even attached with AI development.

You have gone too far in promoting. You are spreading deceitful information.

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1 month ago | Report Abuse

He probably got his KPI to meet but his creativity impressed me to be honest.

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1 month ago | Report Abuse

Lol he doesnt care if the info/ news are related.

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1 month ago | Report Abuse

I still don’t understand your DCF valuation of RM2.19. This stock is not covered by any research house, no valuation was published. How do you get RM2.19???

I thought you wanted to share your calculations?

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1 month ago | Report Abuse

Probably I never heard that share price could affect the DCF valuation, perhaps you may enlighten me your calculations. I could be wrong.

However, goodwill on trusted identification (main business of IRIS) using the same DCF valuation you mentioned consecutively recorded impairment loss in recent two years. This is not a good sign indicating poorer future cash flow in the prospect. This is audited figure, cant deny on this.

There are good sides of IRIS too. Example, the oversea customers collection especially Africa is risky but it managed to collect advance payment to minimise the credit risk. Q4 result is good without NIISE, cost management is doing great job, just that the lower revenue is a would be bit of concern.

All is fine but I think you are trying too hard to promote.

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1 month ago | Report Abuse

"you are paying Iris worth 1.76 for only 44 sen, so there is room for more upside. When price reach 50 sen, you are acquiring Iris worth RM2. At 60 sen, Iris is worth RM2.40 and so on"

laulau, do you understand what are you saying or not? LOL

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2024-03-27 13:44 | Report Abuse

What is the recap for AGM yesterday and board’s prospects on future direction? Any of you attended the AGM?

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2024-03-14 18:55 | Report Abuse

I thought AGM on 26 March, no?

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2024-02-01 17:09 | Report Abuse

ACE Market Listing Rule
9.23 Issue of annual report
(1) A listed corporation must issue its annual report that includes annual audited financial statements together with the auditors’ and directors’ reports of the listed corporation, to the
Exchange and shareholders within 4 months from the close of the financial year of the listed corporation.

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2024-02-01 16:40 | Report Abuse

Oppppsss tak mampu issue AR

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2024-01-21 14:01 | Report Abuse

long time did not see rainman here

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2024-01-17 07:25 | Report Abuse

No wonder the RM1 BILLION project never materialised. Dont give you any chance to ask the progress, terminate straight away.

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2024-01-16 14:23 | Report Abuse

REMINDER: AR will be out end of this month.

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2024-01-15 19:37 | Report Abuse

Piu piu piu 🔫🔫🔫

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2024-01-15 18:28 | Report Abuse

Mr. Wu’s bullet reloaded

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2023-12-05 20:59 | Report Abuse

I think it is very likely that PP/RI is coming before big boss surface. Then Kuah and Wu would resign, another management team will take control.

But maybe would lose more during these corporate exercises.

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2023-12-05 10:12 | Report Abuse

Bro, Mr Peter Sii had already sold his stake and already ceased as a substantial shareholder, announced on 29 Sept.

Kanger to buy balance of Sung Master from Mr Wong Seen (was owned by Mr Peter Sii)

Now dont have any substantial shareholder, following exit of Mr Kuah.

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2023-12-01 16:52 | Report Abuse

Yea MZM. It is just buy or sell. Why bising bising. Haiyo. Chill

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2023-11-30 12:33 | Report Abuse

Mana limit up? Hahahaha

Rainman where to enjoy tonight?

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2023-11-30 07:39 | Report Abuse

Not surprise if price go up

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2023-11-29 19:18 | Report Abuse

POSITIVE Operating Cash Flow looks promising. The performance exceed expectations

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2023-11-28 13:44 | Report Abuse

rainman. Uncles aunties ask where to happy today

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2023-11-27 21:34 | Report Abuse

Ya. Very interesting forum here. It is entertaining

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2023-11-24 06:35 | Report Abuse

rainman, please bring uncle aunties go Genting site visit new Condo, then steamboat karaoke happy hour. Enjoy~

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2023-11-23 23:24 | Report Abuse

TRUE MZM. Condos are real assets. Sung Master is a real business despite performance.

Synergies is there, is about when to realise, how to realise.

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2023-11-23 23:20 | Report Abuse

Rainman. Today uncle aunty ajak where to makan, karaoke? Enjoy

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2023-11-23 23:19 | Report Abuse

Many may not know that Sung Master didnt perform well and below expectation after first acquisition of 51% in April.

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2023-11-23 23:13 | Report Abuse

Good or bad news? If QR result good, mean buying Sung Master is a wise move. Good news.

If QR result bad. Everything is bad.

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2023-11-23 23:09 | Report Abuse

Kanger to buy remaining 49% of remaining equity interest in Sung Master for RM72m, based on valuation FORWARD PE 14 times which takes RM10 million profit guarantee in Sung Master for FY24 into consideration.

Hahahahaa. I thought last time Mr Kuah says Sung Master would generate RM20 million profit a year??? But it is fine to be prudent afterall.

So this RM72m + earlier RM20m to buy Antara condo, Kanger need RM92m cash because all these acquisitions come with cash payment mode.

NEXT…. How would Kanger fund this RM90+ million?? Would there be more acquisition coming up???

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2023-11-23 16:08 | Report Abuse

Rainman. Today uncle aunty ajak where to makan, karaoke? Enjoy

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2023-11-20 16:02 | Report Abuse

Rainman. Today uncle aunty ajak where to makan, karaoke? Enjoy

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2023-11-18 16:00 | Report Abuse

Uncle aunty sudah ajak OKU karaoke, today off

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2023-11-16 17:52 | Report Abuse

Rainman still here? I thought you happily karaoke with uncles aunties

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2023-11-16 16:01 | Report Abuse

Hoseh. Later have to cut bird bird

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2023-11-15 16:53 | Report Abuse

Cut loss, cut ku ku bird

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2023-11-15 13:50 | Report Abuse

Lol. You are making fun