Iris is hidden gem based on thier technology potential & market demand . i would like to buy thier future . this is only 1 company in bursa market doing country goverment business which require high reliable & leading technology .
It appears to me that Iris is working out an ascending triangle. Such patterns are bullish. In this case this triangle is a reversal triangle rather than a continuous one.
godspeed, have you see custom change their e passport and other custom solution change to other company? such things once implement its required some cost to developed and people do working on it, imagine the stuff train to collect gst fund, tiba tiba change company and fire all stuff. no joke man..without any big issue custom will not simply change other company do. So it can almost consider as a long long term contract already :).
http://www.gstmalaysia.org/touristrefund/ Please have a look on this website! No doubt the amount generated from tourism is over RM 65 billion but how much subject to refund? The website speak itself only goods taken out with you when you leave Malaysia subject to refund!It does not apply to services (car hire, accommodation, tours etc) or goods consumed or partly consumed in Malaysia such as drinks, chocolates or perfume. Consumable goods must e.g. drinks, chocolate and so on must not be consumed before you leave Malaysia. So the revenue to iris still can be that high? Btw as Iris had control more than 51% of the company it can include all the revenue into its income statement and deduct the portion of profit not belong to iris through minority interest in income statement.
well, you don have to worry about trs generate how much revenue. its consider as an extra bonus to iris earning, they have others business. and not to forget that if iris manage to grab such project, they might able to grabs more similar project. another things is their partner have relationship dealing with alibaba. next time high chance online sales at malaysia also need gst refund, and it will manage by them as well. online sales will be another big income. iris long term, for sure good deal. they doing right thing at right timing. green tech, housing and others. :)
Logic trading, i always have 1 thing in mind. "No one is irreplaceable in a company".
Lets look at Apple, they still manage to launch new products and business as usual for Apple even without stevejobs.
in the business world there's always someone who is capable of taking over. lets just look at Europe. the moment they have an economic crisis, there's always somebody there to say " I have a plan, but everyone must follow." so does another fella came up and implemented.
never worries about businesses that no one can handle. everything is replaceable. even a CEO,Prime Minister, KeyMan you name it.
not forgetting in malaysia, if there's something big, the cronies wants a share, if you give them, they'll be quiet. if you dont. it will be like our Robert Kuok.
not have a change in the system or company or any of it. but it never means never. not the right time yet. sooner or later someone will.
iris is already a well example of government related counter. so it cant be easily replace unless the government have big reshuffle. my rule 3 :
3. Logic trading not mean to trade "logically" but its also can be illogical. It have to apply flexibly and changes quickly to favor the market and stocks movement.
if iris have gone bad and all project have snatch by others.. why still consider to hold or buy?
im look at the weaknesses just to minimize my risk. simple as that. negatives is always good. too much of positive or obsessions will bring you into possessions. when you are possessed with the stock of over positive, we will definitely be bias. Bias in stocks investment is deadly
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ImCK
3,041 posts
Posted by ImCK > 2014-09-22 22:49 | Report Abuse
Iris is hidden gem based on thier technology potential & market demand .
i would like to buy thier future . this is only 1 company in bursa market
doing country goverment business which require high reliable & leading technology .