We buy on hope share price wil go up
when price going up many q to sell to surpress down the price
so many q at 60cts to sell...so how can price goin up further...

Below expectation

Let pharma n duopharma limit up 1st...then attention switch niis counters

Need to breach 42cts

Thats puzzling Iris or My Eg...ancom logistic too engine started...fly higher than our Iris...

Niis news ...

IRIS Corp Bhd and MyEG Services Bhd are said to be the front runners to bag the billion-ringgit National Integrated Immigration System (NIIS), according to sources. The contract will be awarded anytime this month, they say.

It seems that the NIIS project will be split between the two companies.

The tender document sighted by The Edge last year allows for multiple companies to form a consortium to bid for the contract.

“Yes, I heard that Iris is the front runner for the contract. They are going to be the system integrator for the NIIS,” says an industry player who was involved in various government contracts in the past.

The NIIS will be replacing the current Malaysian Immigration System (myIMMS) at all gateways, including airports and land crossings. The MyIMMS is said to be obsolete as it was first developed in 1993.

The tender to bid for the NIIS was called late last year and it attracted almost 30 bids from local information technology system integrator and cybersecurity companies. The bids received ranged from RM1 billion to RM1.8 billion.

Another source confirms that Iris put in the bid through a consortium, in which S5 Systems Sdn Bhd is a party. S5 Systems is owned by S5 Holdings Inc, in which MyEG Services Bhd has a 10% equity interest.

S5 Holdings is currently the target of a reverse takeover by Ancom Logistics Bhd.

NIIS is the latest reiteration of the government’s plan to replace the obsolete myIMMS. In August 2017, the then Barisan Nasional government awarded a RM3.5 billion contract to Prestariang Bhd to develop, operate and maintain a new immigration system for 15 years.

However, on Dec 11, 2018, the Home Ministry decided to terminate the contract, saying that the National Immigration Control System (SKIN) — as it was called then — was too expensive, and decided to call for another round of tenders.

Prestariang decided to take the ministry to court on April 15, 2019, seeking compensation of RM732.86 million for work done on the system prior to the contract termination. Hearing on the case commenced at the High Court of Kuala Lumpur on July 21.

Note that the more expensive SKIN contract included a maintenance contract, whereas the NIIS contract is just to build, install and commission the system. There will be a separate contract for the maintenance of the system.

Iris is a provider of smart identification solutions and e-border control systems. It was the proprietor of the technology behind the world’s first e-passports and immigration autogates at the Kuala Lumpur International Airport.

Since then, Iris’ e-passports have become the standard for e-passports around the world.

According to Iris’ website, its Border Control Solution is able to provide integrated border control management, including manual, automated and mobile border clearance, travel document verification, visa information system, biometric identification and verification, traveller movement and advanced passenger information.

Besides Iris and MyEG, ­other known bidders for the contract include Datasonic Group Bhd, Heitech Padu Bhd, Dagang Nexchange Bhd (DNeX), Dataprep Holdings Bhd, Scicom (MSC) Bhd, Omesti Bhd and Kumpulan Fima Bhd.

Interestingly, S5 is said to be involved in all the major bids. Besides Iris, the industry player The Edge spoke to who confirmed Iris as one of the front runners of the NIIS contract, says S5 is also involved in bids put in by MyEG and Heitech Padu.

Heitech Padu is the developer of myIMMS. While the system is obsolete, Heitech Padu should still be able to offer a better system for the NIIS, and its experience integrating all the needs of the different departments and agencies into a system should be its strength in the bid.

For the financial year ended March 31, 2020 (FY2020), Iris recorded a lower net profit of RM13.7 million, compared with RM38.3 million a year ago, although its revenue stayed flat at RM229.6 million versus RM229.2 million a year earlier.

Over the last one year, Iris’ share price has more than doubled, closing at 33 sen per share last Friday and valuing the group at RM978.9 million.

Meanwhile, MyEG closed at RM1.38 last Friday, after rising 25.45% this year, giving it a market capitalisation of RM4.784 billion.

Iris flying up soon

Buy Buy Buy

IRIS Corp Bhd and MyEG Services Bhd are said to be the front runners to bag the billion-ringgit National Integrated Immigration System (NIIS), according to sources. The contract will be awarded anytime this month, they say.

It seems that the NIIS project will be split between the two companies.

The tender document sighted by The Edge last year allows for multiple companies to form a consortium to bid for the contract.

“Yes, I heard that Iris is the front runner for the contract. They are going to be the system integrator for the NIIS,” says an industry player who was involved in various government contracts in the past.

The NIIS will be replacing the current Malaysian Immigration System (myIMMS) at all gateways, including airports and land crossings. The MyIMMS is said to be obsolete as it was first developed in 1993.

The tender to bid for the NIIS was called late last year and it attracted almost 30 bids from local information technology system integrator and cybersecurity companies. The bids received ranged from RM1 billion to RM1.8 billion.

Another source confirms that Iris put in the bid through a consortium, in which S5 Systems Sdn Bhd is a party. S5 Systems is owned by S5 Holdings Inc, in which MyEG Services Bhd has a 10% equity interest.

S5 Holdings is currently the target of a reverse takeover by Ancom Logistics Bhd.

NIIS is the latest reiteration of the government’s plan to replace the obsolete myIMMS. In August 2017, the then Barisan Nasional government awarded a RM3.5 billion contract to Prestariang Bhd to develop, operate and maintain a new immigration system for 15 years.

However, on Dec 11, 2018, the Home Ministry decided to terminate the contract, saying that the National Immigration Control System (SKIN) — as it was called then — was too expensive, and decided to call for another round of tenders.

Prestariang decided to take the ministry to court on April 15, 2019, seeking compensation of RM732.86 million for work done on the system prior to the contract termination. Hearing on the case commenced at the High Court of Kuala Lumpur on July 21.

Note that the more expensive SKIN contract included a maintenance contract, whereas the NIIS contract is just to build, install and commission the system. There will be a separate contract for the maintenance of the system.

Iris is a provider of smart identification solutions and e-border control systems. It was the proprietor of the technology behind the world’s first e-passports and immigration autogates at the Kuala Lumpur International Airport.

Since then, Iris’ e-passports have become the standard for e-passports around the world.

According to Iris’ website, its Border Control Solution is able to provide integrated border control management, including manual, automated and mobile border clearance, travel document verification, visa information system, biometric identification and verification, traveller movement and advanced passenger information.

Besides Iris and MyEG, ­other known bidders for the contract include Datasonic Group Bhd, Heitech Padu Bhd, Dagang Nexchange Bhd (DNeX), Dataprep Holdings Bhd, Scicom (MSC) Bhd, Omesti Bhd and Kumpulan Fima Bhd.

Interestingly, S5 is said to be involved in all the major bids. Besides Iris, the industry player The Edge spoke to who confirmed Iris as one of the front runners of the NIIS contract, says S5 is also involved in bids put in by MyEG and Heitech Padu.

Heitech Padu is the developer of myIMMS. While the system is obsolete, Heitech Padu should still be able to offer a better system for the NIIS, and its experience integrating all the needs of the different departments and agencies into a system should be its strength in the bid.

For the financial year ended March 31, 2020 (FY2020), Iris recorded a lower net profit of RM13.7 million, compared with RM38.3 million a year ago, although its revenue stayed flat at RM229.6 million versus RM229.2 million a year earlier.

Over the last one year, Iris’ share price has more than doubled, closing at 33 sen per share last Friday and valuing the group at RM978.9 million.

Meanwhile, MyEG closed at RM1.38 last Friday, after rising 25.45% this year, giving it a market capitalisation of RM4.784 billion.

IRIS Corp Bhd and MyEG Services Bhd are said to be the front runners to bag the billion-ringgit National Integrated Immigration System (NIIS), according to sources. The contract will be awarded anytime this month, they say.

It seems that the NIIS project will be split between the two companies.

The tender document sighted by The Edge last year allows for multiple companies to form a consortium to bid for the contract.

“Yes, I heard that Iris is the front runner for the contract. They are going to be the system integrator for the NIIS,” says an industry player who was involved in various government contracts in the past.

The NIIS will be replacing the current Malaysian Immigration System (myIMMS) at all gateways, including airports and land crossings. The MyIMMS is said to be obsolete as it was first developed in 1993.

The tender to bid for the NIIS was called late last year and it attracted almost 30 bids from local information technology system integrator and cybersecurity companies. The bids received ranged from RM1 billion to RM1.8 billion.

Another source confirms that Iris put in the bid through a consortium, in which S5 Systems Sdn Bhd is a party. S5 Systems is owned by S5 Holdings Inc, in which MyEG Services Bhd has a 10% equity interest.

S5 Holdings is currently the target of a reverse takeover by Ancom Logistics Bhd.

NIIS is the latest reiteration of the government’s plan to replace the obsolete myIMMS. In August 2017, the then Barisan Nasional government awarded a RM3.5 billion contract to Prestariang Bhd to develop, operate and maintain a new immigration system for 15 years.

However, on Dec 11, 2018, the Home Ministry decided to terminate the contract, saying that the National Immigration Control System (SKIN) — as it was called then — was too expensive, and decided to call for another round of tenders.

Prestariang decided to take the ministry to court on April 15, 2019, seeking compensation of RM732.86 million for work done on the system prior to the contract termination. Hearing on the case commenced at the High Court of Kuala Lumpur on July 21.

Note that the more expensive SKIN contract included a maintenance contract, whereas the NIIS contract is just to build, install and commission the system. There will be a separate contract for the maintenance of the system.

Iris is a provider of smart identification solutions and e-border control systems. It was the proprietor of the technology behind the world’s first e-passports and immigration autogates at the Kuala Lumpur International Airport.

Since then, Iris’ e-passports have become the standard for e-passports around the world.

According to Iris’ website, its Border Control Solution is able to provide integrated border control management, including manual, automated and mobile border clearance, travel document verification, visa information system, biometric identification and verification, traveller movement and advanced passenger information.

Besides Iris and MyEG, ­other known bidders for the contract include Datasonic Group Bhd, Heitech Padu Bhd, Dagang Nexchange Bhd (DNeX), Dataprep Holdings Bhd, Scicom (MSC) Bhd, Omesti Bhd and Kumpulan Fima Bhd.

Interestingly, S5 is said to be involved in all the major bids. Besides Iris, the industry player The Edge spoke to who confirmed Iris as one of the front runners of the NIIS contract, says S5 is also involved in bids put in by MyEG and Heitech Padu.

Heitech Padu is the developer of myIMMS. While the system is obsolete, Heitech Padu should still be able to offer a better system for the NIIS, and its experience integrating all the needs of the different departments and agencies into a system should be its strength in the bid.

For the financial year ended March 31, 2020 (FY2020), Iris recorded a lower net profit of RM13.7 million, compared with RM38.3 million a year ago, although its revenue stayed flat at RM229.6 million versus RM229.2 million a year earlier.

Over the last one year, Iris’ share price has more than doubled, closing at 33 sen per share last Friday and valuing the group at RM978.9 million.

Meanwhile, MyEG closed at RM1.38 last Friday, after rising 25.45% this year, giving it a market capitalisation of RM4.784 billion.

Newsbreak: Iris, MyEG the front runnes for NIIS | https://www.klsescreener.com/v2/news/view/716685

Not many ppl know

Coincidentally, MSCM's media invite indicated that there will be a signing ceremony tomorrow in Petaling Jaya involving MSCM's subsidiary Hong Seng Gloves Sdn Bhd and its new partner for a turnkey project.

"The event marks the start of a collaboration between both parties that will enable MSCM to venture into the new business," MSCM said.

https://www.theedgemarkets.com/article/mscm-securities-trading-be-suspended-tomorrow-bursa-queries-share-price-volume-rise?type=malaysia

Premium valuations

With the share prices of local glove makers skyrocketing, their valuations are trading at a premium compared with their regional peers. The non-bank-backed research house analyst believes Malaysia’s high market share in the global glove industry has been a contributing factor.

“We are the market leader [in the glove industry] and our product quality is definitely better than the regional glove makers. Also, bear in mind that valuations are different for listings on different markets.”

However, he cautions that the ongoing clinical trials for vaccines may dampen market sentiment.

“It is quite tricky in the short term, as more vaccines are coming in, particularly from China and the US. You can’t expect super high profits in the next two to three years — all those big funds are very particular about this — so it is more of retailers buying the glove stocks,” he says when asked whether this is a good time to accumulate glove stocks after the recent share price correction.

Meanwhile, Lai attributes the higher valuations among local glove stocks to the transparency in ASPs, timing of capacity being rolled out as well as market liquidity.

The local players are trading at an ­average forward 12-month PER of 40.4 times, significantly higher than the regional players’ 23.3 times.

Following the surge in its latest quarterly profit and upward adjustments by analysts to their forecasts, Supermax is now the cheapest glove stock, with a forward 12-month price-earnings ratio (PER) of 15 times, while Rubberex Corp (M) Bhd is the most expensive at 91 times.

There are 10 “buy” calls and a “hold” call for Supermax, with Affin Hwang Investment Bank giving the highest target price of RM33, according to Bloomberg data.

Judging from the earnings growth momentum, Lai is of the view that the big four’s share prices could test new highs, although liquidity is shrinking.

Adding to the optimism is Citi Research’s report last week on Top Glove’s share price possibly reaching RM77.60 in a bull scenario. It is seen as “a clear winner” by virtue of its having the largest capacity, which means it could lead the pack in raising glove prices. This is despite its higher valuation of 44.9 times in terms of forward 12-month PER.

Currently, the research house has a target price of RM48.10 for Top Glove

Despite market players continuing to ramp up production capacity, the analyst believes demand for gloves will continue to outweigh supply in the next 1½ years.

Inter-Pacific Securities Sdn Bhd analyst David Lai sees earnings for glove makers increasing even with the development of vaccines as the global population is immense.

“Manufacturing and distribution prices have been expanding in July and August, but the increase in end-product prices has slowed down,” he says.

The Malaysian Rubber Glove Manufacturers Association (Margma) is expecting global rubber glove demand to hit 330 billion pieces this year, with 67% of the demand set to be fulfilled by local glove makers.

According to a note by HLIB Research, the total production capacity for the big four glove players will increase 14.6% from 185.08 billion pieces in 2020 to 212.15 billion pieces in 2021, and another 6.3% to 225.48 billion pieces in 2022.

3 hours ago
Selling prices of gloves remain high, but show signs of peaking

By Lee Weng Khuen | The Edge Malaysia | 2020-08-24 16:00:00
PRICES of face masks in China have come under pressure on the back of falling domestic demand and stricter quality control. Meanwhile in Malaysia, the ceiling price of face masks has been cut to RM1 each, reducing margins.

Will the same thing happen in the glove sector? Can glove prices stay at their current high levels? Demand for gloves will plunge if a vaccine against Covid-19 is successfully developed.

For some glove makers, the increase in average selling prices (ASPs) of gloves has been getting smaller recently after a jump in 2Q, observes a glove analyst with a non-bank-backed research house.

“So, we expect other glove makers to start seeing a slowdown in the quantum of increase as daily global coronavirus cases are coming down,” he tells The Edge.

However, he believes ASPs will remain elevated until 1Q next year.

“Earnings for 3Q and 4Q2020 will still go up, especially for big players such as Hartalega Holdings Bhd and Kossan Rubber Industries Bhd because of their timing in raising ASPs.

“Supermax Corp Bhd raised its ASPs first, then Top Glove Corp Bhd, followed by Hartalega and Kossan. If ASPs come down, Supermax will be hit the most as its ASPs are the highest; this is also why Supermax’s share price has gone up the most,” he explains.

Year to date, shares in Supermax have shot up 1,301%, while Top Glove, Kossan and Hartalega added 406.8%, 246.2% and 192.3% respectively.

On average, the current ASPs of nitrile and rubber gloves are US$50, and US$30 to US$40 per 1,000 gloves — more than double the pre-Covid-19 levels of US$21 and US$17 respectively.

Supermax, in announcing its latest quarterly results, stressed that the highest ASPs have not been reflected in its 4Q earnings ended June 30, 2020. The company is optimistic that its own brand manufacturing (OBM) cum distribution business model will exhibit an even healthier performance in the coming quarters.

For the April to June period, its net profit jumped 27 times to RM399.62 million from RM15.06 million a year ago. Annual net earnings came in at an all-time high of RM525.58 million, a 327% surge from RM123.11 million a year ago.

It is worth noting that compared with its peers, Supermax reported the highest quarterly net profit margin of 43%, thanks to its OBM model. The net profit margin of Hartalega was 24% and that of Top Glove, 20.6%. Kossan has yet to release its latest financial results.

Despite market players continuing to ramp up production capacity, the analyst believes demand for gloves

Yes many niss vying counters started engine...hopefully iris wil fly higher

Finally Niss counters showing sign of gap up
my eg ancom log dsonic iris

Cornered...lesser volumn lesser seller easier to push up compared to past trading days...

Kossan red whole am

Latest news by owmer but little news on rto

https://www.klsescreener.com/v2/news/view/715489

Appointing TA securities overnight news lah

Just like the aborted rto of connect county so far s5 has keep mum...no a single anmouncement by s5. If true Niis annoucement soon...ALB rto stil in infancy stage

High volumn of conversion difficult to gap up

Additional Listing Announcement /Subdivision of Shares
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Conversion of Preference Shares
Details of corporate proposal Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal 187,055,500
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 2,306,334,075
Issued Share Capital ($$) Malaysian Ringgit (MYR) 191,210,105.570
Listing Date 19 Aug 2020
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Conversion of Preference Shares
Details of corporate proposal Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal 79,831,400
Issue price per share ($$) Malaysian Ringgit (MYR) 0.0500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 2,386,165,475
Issued Share Capital ($$) Malaysian Ringgit (MYR) 195,201,675.570
Listing Date 19 Aug 2020

Niis Contract...cannnot rule out
1. Prestariang
2.Datasonic
3.HtPadu
4.My Eg
5.Dnex
6.Opcom
7.Iris
8.Ancom Logistic

Just my 2cts...Dont think a single co wil get the contract...

If u look at Iris today vr active traded past few days... heavy accummulation at 37-37.5 cts today
Presbhd actively traded til new high( court case stil pending might b offered part Niis as outside settlement)

Niis Contract...cannnot rule out
1. Prestariang
2.Datasonic
3.HtPadu
4.My Eg
5.Dnex
6.Opcom
7.Iris

Conversion Today ...high volumm

Crucial article ...dont know semperit decide sell to who? Top Glove or Mqtech

Gunrun###Need to subscribe b4 can view the article. If you can view pls copy n paste the article here. Tks

Disclaimer Not to ask anyone to buy or sell...just sharing info

Disclaimer Not to ask anyone to buy or sell...just sharing info

Disclaimer Not to ask anyone to buy or sell...just sharing info

Disclaimer Not to ask anyone to buy or sell...just sharing info

https://www.theedgemarkets.com/article/canones-creamer-manufacturing-unit-sold-maximum-final-price-rm1b?type=malaysia

Check it out...One Csn

Can-One’s creamer manufacturing unit sold at maximum final price of RM1b

Can-One’s creamer manufacturing unit sold at maximum final price of RM1b

Check out...One Can

https://www.theedgemarkets.com/article/canones-creamer-manufacturing-unit-sold-maximum-final-price-rm1b?type=malaysia

https://www.theedgemarkets.com/article/canones-creamer-manufacturing-unit-sold-maximum-final-price-rm1b?type=malaysia

Check this out...One Can

Can-One’s creamer manufacturing unit sold at maximum final price of RM1b

Can-One’s creamer manufacturing unit sold at maximum final price of RM1b

Can-One’s creamer manufacturing unit sold at maximum final price of RM1b