Posted by vinvin > 2020-09-07 12:46 | Report Abuse

At least v’ve to hold until the result of the contract is out. Otherwise, v will regret if Iris got the contract. It’s a gamble after all!

Posted by IronShirt > 2020-09-07 14:39 | Report Abuse

https://www.malaysiakini.com/news/541586

Another 31 billion needed to save 1million unemployed by Sept...Malaysia got so much money?

Posted by damansaraeagle > 2020-09-07 15:04 | Report Abuse

down to 0.365 . is it going to go down and down and down ????

Posted by blind3co > 2020-09-07 15:09 | Report Abuse

Nothing to worry if can hold... Contrarion sure got headache

Posted by damansaraeagle > 2020-09-07 15:13 | Report Abuse

wooow, very strong buying Q

Posted by bowman > 2020-09-07 15:30 | Report Abuse

Step back a bit, guys. Isnt that a penant formation?

Posted by Noobie123 > 2020-09-07 15:32 | Report Abuse

I waiting to top up but prices still very stubborn.

Posted by cu29ok > 2020-09-07 15:32 | Report Abuse

can wait..should drop further until 0.34.

Posted by Ronaldh > 2020-09-07 15:36 | Report Abuse

Run before too late

Posted by speakup > 2020-09-07 15:37 | Report Abuse

lari kuat kuat

Posted by vinvin > 2020-09-07 15:47 | Report Abuse

Both of u r waiting to buy at the lower price, isn’t it?

Posted by vinvin > 2020-09-07 15:49 | Report Abuse

Today the buying support is very good!

Posted by vinvin > 2020-09-07 15:54 | Report Abuse

Should I say now the buying support is very good!

Posted by vinvin > 2020-09-07 16:07 | Report Abuse

Wrong observation, sorry!

Posted by damansaraeagle > 2020-09-07 16:56 | Report Abuse

more like the giants pressing down so that they can buy and buy. Very obvious pattern.

Posted by yusofsubhi > 2020-09-07 17:05 | Report Abuse

Look like the shark is pushing down...

Posted by damansaraeagle > 2020-09-07 17:06 | Report Abuse

80 million volume, pressed at 0.365 , there is potential retracting back to 0.39 tomorrow.

Posted by Alvin Chan > 2020-09-07 17:07 | Report Abuse

should js wait at 30/34c

Posted by damansaraeagle > 2020-09-07 17:15 | Report Abuse

Alvin Chan ,no indication going that low

Posted by trader420 > 2020-09-07 17:24 | Report Abuse

OTHERS IRIS CORPORATION BERHAD ("IRIS" OR THE "COMPANY") Letter of Intent ("LOI") from India Security Press in relation to the procurement of 15-Million International Civil Aviation Organization (ICAO) Compliant Electronic Contactless Inlays along with its Operating System (in 2ups) required for manufacture of Indian e-Passport amounting to USD 27,540,000.00 (USD Twenty Seven Million Five Hundred and Forty Thousand Dollars only) ("Project").
IRIS CORPORATION BERHAD
Type Announcement
Subject OTHERS
Description IRIS CORPORATION BERHAD ("IRIS" OR THE "COMPANY")
Letter of Intent ("LOI") from India Security Press in relation to the procurement of 15-Million International Civil Aviation Organization (ICAO) Compliant Electronic Contactless Inlays along with its Operating System (in 2ups) required for manufacture of Indian e-Passport amounting to USD 27,540,000.00 (USD Twenty Seven Million Five Hundred and Forty Thousand Dollars only) ("Project").
The Board of Directors of IRIS is pleased to announce that the Company had on
today received a LOI dated 6 September 2020 from India Security Press.
Please refer to the attachment for full text of announcement.
This announcement is dated 7 September 2020.
Please refer attachment below.
Attachments
Announcement- Letter Of Intent (07092020).pdf
(https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=106722&name=EA_GA_ATTACHMENTS)
42.2 kB
Announcement Info
Company Name IRIS CORPORATION BERHAD
Stock Name IRIS
Date Announced 07 Sep 2020
Category General Announcement for PLC
Reference Number GA1-07092020-00075
Double click on the URL below to view the article. Please note that internet access is required.
BMYS_2020-09-07_3085992_Announcement- Letter Of Intent (07092020).pdf:
http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200907:nKLS13xrHP

Posted by aminrahim123 > 2020-09-07 17:27 | Report Abuse

Buy on rumours, sell on news haha

Posted by lee_m2020 > 2020-09-07 17:43 | Report Abuse

another limit up coming

Posted by blind3co > 2020-09-07 17:51 | Report Abuse

114 million worth of contract.. Hopefully can go above 45¢ tmr

Posted by damansaraeagle > 2020-09-07 18:01 | Report Abuse

haiya, some other contract they announce. That explains the strong pick up by these giants. Ready to blast tomorrow.

Posted by zainal84 > 2020-09-07 18:05 | Report Abuse

Iris receives LOI to participate in India e-passport project
TheStar Mon, Sep 07, 2020 05:40pm - 24 minutes ago

KUALA LUMPUR: Iris Corp Bhd said it has received a letter of intent (LOI) from India Security Press for the procurement of 15 million International Civil Aviation Organisation (ICAO) compliant contactless inlays and its operating system.

The inlays and operating system are required for the Indian e-passport project.

Iris told Bursa Malaysia today that the LOI, dated Sept 6, is for a project worth US$27.54mil (RM114mil).

Under the LOI, Iris will supply supply pre-production sample of 1000 inlays within three months after issuance of the LOI.

"The company is requested to furnish Performance Security/Security Deposit equivalent to 10% of contract value within 21 days from the date of issuance of the LOI," Iris said.

Posted by Apple888 > 2020-09-07 18:05 | Report Abuse

Tmrw will rocket up... Iris long waiting project award... After this announce niis

Posted by zainal84 > 2020-09-07 18:06 | Report Abuse

https://www.klsescreener.com/v2/news/view/724791/iris-receives-loi-to-participate-in-india-e-passport-project

Posted by ShamOs123 > 2020-09-07 18:12 | Report Abuse

Good news for Iris ..gogo tmr

Posted by kimsean > 2020-09-07 18:14 | Report Abuse

Indian population 1.3b, 15million is only the tip of an iceberg.

Posted by rob8ry24 > 2020-09-07 18:30 | Report Abuse

announce niis tomolo. double bomb. tp rm1.

Posted by Lioncity > 2020-09-07 18:32 | Report Abuse

Congratulations iris on the new contract which may contribute positively on the upcoming financial quarter, good show tomorrow!

Posted by Ahead1268 > 2020-09-07 18:41 | Report Abuse

Congratulations to those not selling today. These few days sizable units at least 5million units buy at one go at many occasions. Tomorrow is your day.

Further It give hope to NIIS.

Posted by Hunger4money > 2020-09-07 18:42 | Report Abuse

Now is appetizer, then the main course will follow in times........ Hahaha

Posted by Afairuz1979 > 2020-09-07 18:51 | Report Abuse

Wa the appetizer so good

Posted by Kongkalikong > 2020-09-07 19:18 | Report Abuse

The following statement from the announcement are important declaration ie Quote.. "The Project will contribute positively to the earnings of IRIS during its tenure" unquote.

However important thing missing is the tenure of the contract (mayb i missed it i stand corrected)

Posted by trader420 > 2020-09-07 19:38 | Report Abuse

https://www.theedgemarkets.com/article/iris-corp-receives-loi-indian-epassport-job-worth-us28m

Posted by Noobie123 > 2020-09-07 19:39 | Report Abuse

Most important is other countries have faith and wanted to use Iris system for their immigration. That itself is a great testimony on the company capabilities.

Posted by High5 > 2020-09-07 19:41 | Report Abuse

LETTER OF INTENT (“LOI”) FROM INDIA SECURITY PRESS IN RELATION TO THE PROCUREMENT OF 15-MILLION INTERNATIONAL CIVIL AVIATION ORGANIZATION (ICAO) COMPLIANT ELECTRONIC CONTACTLESS INLAYS ALONG WITH ITS OPERATING SYSTEM (IN 2UPS) REQUIRED FOR MANUFACTURE OF INDIAN E-PASSPORT’ AMOUNTING TO USD 27,540,000.00 (USD TWENTY SEVEN MILLION FIVE HUNDRED AND FORTY THOUSAND DOLLARS ONLY) (“PROJECT”).

1. INTRODUCTION

The Board of Directors of IRIS is pleased to announce that the Company has today received a LOI dated 6 September 2020 from India Security Press.

2. SALIENT TERMS OF THE LOI

The salient terms of the LOI are set out as follows:

a) The Company shall supply pre-production sample of 1000 Inlays within three months after issuance of the LOI; and

b) The Company is requested to furnish Performance Security/Security Deposit equivalent to 10% of contract value within 21 days from the date of issuance of the LOI.

3. EFFECTS OF THE LOI

The Project will not have any effect on the issued and paid-up share capital, gearing and the shareholding of the substantial shareholders of IRIS as it does not involve the issuance of ordinary shares in IRIS. The Project will contribute positively to the earnings of IRIS during its tenure.

4. INTEREST OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

None of the directors and/or substantial shareholders of IRIS and/or person connected with them have any interest, whether direct or indirect, in the Project.
5. STATEMENT OF DIRECTORS

The Board, having taken into consideration all aspects of the Project, is of the opinion that the Project is in the best interest of IRIS and its shareholders.
6. APPROVALS REQUIRED

The LOI is not subject to the approval of the shareholders of IRIS.

7. DOCUMENTS AVAILABLE FOR INSPECTION

The LOI is available for inspection at the registered office of IRIS during office hours from Monday to Friday (except public holidays) at Level 2, Tower 1, Avenue 5, Bangsar South City, 59200 Kuala Lumpur for a period of 3 months from the date of the LOI.

The Company will make further announcement should there be any material updates in relation to the Project.

This announcement is dated 7 September 2020.

Posted by High5 > 2020-09-07 19:44 | Report Abuse

Only in Klse..
when listed co got good qr or new project its listed share price tends to go down...

Posted by High5 > 2020-09-07 19:44 | Report Abuse

Hopefully Iris wil fly high 2molo...

Posted by High5 > 2020-09-07 19:46 | Report Abuse

Is being awhile now Iris share price didnt dropped below 37cts....today broken n closed at 36.5cts...

Posted by Noobie123 > 2020-09-07 19:52 | Report Abuse

This company has got what it takes to be successful especially after restructuring and refocus in what it does best. It will go very far.

Posted by niubee126 > 2020-09-07 20:16 | Report Abuse

Tomorrow fly to the sky..

Posted by JJchan > 2020-09-07 20:32 | Report Abuse

This LOI looks like India sent to several Chip suppliers stating the Qty, Price and Spec India is
"willing to Pay"....We have to wait for IRIS management Reply (will announce by Bursa) for
acceptance Or rejection of "Offer to Supply" the abovemention Chips---usually counteroffer in
Price Or Specs will be sent to India

Posted by helencheah > 2020-09-07 20:34 | Report Abuse

no lah I don't think so

Posted by Noobie123 > 2020-09-07 20:35 | Report Abuse

"The Board, having taken into consideration all aspects of the Project, is of the opinion that the Project is in the best interest of IRIS and its shareholders."

Posted by JJchan > 2020-09-07 20:44 | Report Abuse

India always wants the Highest Spec but the lowest price.-----from suppliers

Posted by blind3co > 2020-09-07 21:01 | Report Abuse

As always the will be ppl trying to buy low by giving negative comment here..

Posted by IronShirt > 2020-09-07 21:01 | Report Abuse

If Iris bid lower than Chinese suppliers than of course " best interest of Iris and its Shareholders"
is major concern. Looks like India has Dumped Chinese Suppliers due recent Tibet Conflicts

Posted by Beast3 > 2020-09-07 21:03 | Report Abuse

https://www.nst.com.my/business/2020/09/622665/iris-receives-loi-india-security-press