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IRIS CORPORATION BERHAD (302232-X)

16. Prospects

For the coming financial year 2014, the prospects for the core business remains bright. The Division’s revenue is expected to be derived mainly from the trusted identification’s projects, namely Malaysia e-Passport inlays, Nigeria e-Passport inlays, Tanzania e-ID cards project and Bangladesh MRP Passport project. The Automatic Fare Collection Project and banking cards will contribute positively to the Payment and Transportation’s performance.
In line with the Government’s ETP initiatives, more affordable housing programmes and modern rural projects are expected to be launched by the Government. The Management believes that the aforesaid initiatives would benefit the relevant divisions within the ICB Group such as its Sustainable Development Division, Food & Agro Technology Division and Koto Industrialised Building Division in the coming FYE 31 March 2014 whereby the Group may use its expertise in integrated farming systems and IRIS Koto Industrial Building Systems (“IBS”) with the successful implementation of the two Rimbunan Kaseh and one Sentuhan Kasih Programme in FY 2013, which are the modern rural programmes launched and undertaken by the Company. A sub-division will be established in the coming financial year under the Food & Agro Technology Division for marketing and distribution of farm produce generated from the Rimbunan Kaseh and Sentuhan Kasih farms. The company anticipates that the various marketing and distribution mechanism would help the Division to improve its performance in the coming financial year 2014.
For the Environment & Renewable Energy Division, the 700-tonnes Waste-to-Energy Incinerator Plant in Phuket, Thailand and the newly set up 300-tonnes Food Waste-to-Fertilizer Plant in Weinan, China are expected to produce positive results in the coming financial year 2014.
In view of the above on-going contracts, the Group is optimistic that its performance will remain satisfactory for the financial year ending 31st March 2014.



MPAY

3. Prospects of the Group

The Group has successfully launched the Mobile Point Of Sales (“MPOS”) with Bank Islam Malaysia Berhad in December 2013 and successfully deliver the credit card terminals for TEKS1M project meanwhile, the launch of MPOS with Malayan Banking Berhad (“Maybank”) is pending approval from Maybank’s procurement division. The Group has increased the headcount for both senior managers and sales staffs on the ground last quarter to facilitate the launch of MPOS solution services. Arising therefrom, the Group registered better growth in its merchant acquisition business for the fourth (4th) quarter. In December 2013, the Group had acquired a 50% equity stake in ManagePay GTF Sdn Bhd (“MPAY GTF”). The remaining shareholders were Global Tax Free Company Limited (“GTF”), an Approved Refund Agency (“ARA”) based in Korean with 30% equity stake and eTRS GTF Systems Sdn Bhd (“eTRS”), a bumiputera controlled company specialising in retail consulting services, operations, marketing and technology application specifically in the retail services industry with the remaining 20% equity stake.
The intended business activity of MPAY GTF is to become an Approved Refund Agent (“ARA”) under Tourist Refund Scheme (“TRS”). An ARA is an agent appointed by the Government (vide a tender process) who will process and refund goods and services tax claims made by outbound tourists. The main stream of revenue for the ARA is derived through the administrative fees for processing the abovementioned goods and services tax claims refunds.
A tender to appoint an ARA under the TRS has been called by Jabatan Kastam Diraja Malaysia (Royal Malaysian Customs Department (RMCD)) and we have submitted a proposal for the tender in December 2013. The results for the tender is still pending as at the date of this announcement.
The Group also plans to invest in e-Money system development project in year 2014. The Group has viewed the e-Money business segment as a viable opportunity to establish itself in the segment in view of the shift from traditional payment practices to electronic payment and e-Money in the developed countries. As this segment is relatively under-developed in Malaysia, the Board intends to leverage on its current expertise in electronic payment systems to develop and to empower e-Money related projects in Malaysia.
The Board of Directors are of the view that, barring any unforeseen circumstances, the Group is moving towards developing a sustainable multiple source of income streams in the coming years by providing Third Party Processor, Third Party Acquirer, ARA and e-Money services in relation to the acceptance of electronic payment services in Malaysia.

GST NOT for Iris and Mpay. GST # TRS

today KSL share lelong

T4 seller?

MPAY - to Bid for GST's Project

MPAY acquired 50% stake in Managepay GTF Sdn Bhd (MPAY GTF). The intended business activity of MPAY GTF is to become an Approved Refund Agent (ARA) under the Tourist Refund Scheme (TRS). Subject to tender process. An ARA is an agent appointed by the Government (vide a tender process) who will process and refund goods and services tax claims made by outbound tourists. The main stream of revenue for the ARA is derived through the administrative fees for processing the abovementioned goods and services tax claims refunds. [Bursa]...

http://www.managepay.com/managepay/Content?id=34&ref=0

Sobri disposed wa first then goreng mother share up. So wa price will maintain..
Agree??

WA

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1480185

Any effect to W??

see like will moving soon? any idea..