Posted by Noobie123 > 2020-09-07 21:07 | Report Abuse

India's IT technology is one of the best around and for them to accept Iris, it means Iris is as good as theirs. The good thing is Iris Technology is patented. That is the real asset of Iris. It is the know how that is worth in gold.

Posted by Noobie123 > 2020-09-07 21:14 | Report Abuse

"Made in Malaysia, For the World"

Posted by Makeabuck > 2020-09-07 21:40 | Report Abuse

Limit up lor limit up lor gogogo!!!

Posted by AnchoviesswimwithSha > 2020-09-07 21:43 | Report Abuse

I will never be happy even if ther is good news now....Bursa now seems to be the next genting casino, all depends on how the gamblers place their bet

Posted by Chandran74 > 2020-09-07 22:04 | Report Abuse

Go go up sky is the limit

Posted by Kongkalikong > 2020-09-07 22:09 | Report Abuse

blind3co ..there are ppl who don"t understand contract terms. if asked to choose between LOI and MOU sure this type of people look MOU is better tah LOI because got signing ceremony..

Posted by Makeabuck > 2020-09-07 22:57 | Report Abuse

Morning will spike up for a while and then drop back down...as usual, will probably close lower

Posted by NawaMan > 2020-09-07 23:31 | Report Abuse

Congrats IRIS, let's see whether the market make us to fly high tomorrow or not... huat huat ahhahahaha

Posted by kimsean > 2020-09-08 06:16 | Report Abuse

Expect more such contracts to come from other countries.

Posted by milkyegglt > 2020-09-08 07:27 | Report Abuse

Queue buy .38

Posted by lee_m2020 > 2020-09-08 08:11 | Report Abuse

0.40 coming

Posted by CUTLOST > 2020-09-08 08:31 | Report Abuse

Iris coming project Kazakhstan, Uzbekistan and targiskistan

Posted by damansaraeagle > 2020-09-08 08:43 | Report Abuse

easily towards limit up

Posted by Noobie123 > 2020-09-08 08:54 | Report Abuse

Start queing to add more

Posted by damansaraeagle > 2020-09-08 09:05 | Report Abuse

not even break 0.40

Posted by followKing > 2020-09-08 09:10 | Report Abuse

this contract is only one of the appetizer before the main dish

Posted by Nancy Boon > 2020-09-08 09:22 | Report Abuse

others share limit up easily Iris go 40 cents drop back can limit up....? i still holding and waiting ....hope so it is uptrend

Posted by Pokok9988 > 2020-09-08 09:30 | Report Abuse

Iris Corp Bhd has secured a project worth US$27.5mil for the supply of electronic contactless inlays for e-passport p
roduction in India.

In its filing with Bursa Malaysia, the company said yesterday it had received a letter of intent from India Security Press for the project in relation to the procurement of 15 million International Civil Aviation Organisation (ICAO) compliant electronic contactless inlays along with its operating system required for the manufacture of Indian e-Passports.

Posted by thesigncom > 2020-09-08 09:37 | Report Abuse

panic selling or ...

Posted by TeslaFans > 2020-09-08 09:43 | Report Abuse

sell on news

Posted by kimsean > 2020-09-08 09:55 | Report Abuse

Mesiniaga got 42m contract, can rise 12 sen, Iris only 1 sen, can anyone explain?

Posted by Nancy Boon > 2020-09-08 10:10 | Report Abuse

i think only got appetizer then straight dessert No main course... sad.....wwwhere is the main course..? coming

Posted by niubee126 > 2020-09-08 10:20 | Report Abuse

Profit taking.

Posted by Kucing Comey > 2020-09-08 10:51 | Report Abuse

Nothing happened.. Fry counter lol

Posted by IronShirt > 2020-09-08 10:59 | Report Abuse

In an exchange filing today, Iris said it would supply pre-production sample of 1,000 inlays within three months after issuance of the LoI.

The company said it was requested to furnish performance security/security deposit equivalent to 10 per cent of contract value within 21 days from the date of issuance of the LoI.


*****First give India production sample******
*****If sample Okay, Iris got to "Give 10% Deposit"....India Contract is worst than Ah loong Loan

Posted by damansaraeagle > 2020-09-08 11:02 | Report Abuse

useless

Posted by IronShirt > 2020-09-08 11:02 | Report Abuse

Put more hope on NIIS much better

Posted by damansaraeagle > 2020-09-08 11:05 | Report Abuse

No lah NIIS some more worst. Very dark when award , what kind of impact to Iris operator that is no clue at all

Posted by wehcant > 2020-09-08 11:14 | Report Abuse

Bye bye IRIS. No longer the frontrunner of the NIISe.

Posted by IronShirt > 2020-09-08 11:19 | Report Abuse

there are 50 big e-passport suppliers Globally. If India asked 10 suppliers to give 10% deposit
each, India can start program without own money. If you want your deposit back, they keep delaying you for stupid reason....as they said "very difficult to make Indian money"

Posted by aminrahim123 > 2020-09-08 11:36 | Report Abuse

Market so red this morning

Posted by Noobie123 > 2020-09-08 11:43 | Report Abuse

PPAP - Pre Production Approval Process is very normal for any large scale supplies especially when it is custom engineered. This is where quality, process control, consistency and performance is carefully checked with capacity to supply within time frame.
As for earnest deposit, no one pay in cash. All use banker's guarantee or if it in cash, it would be deposited in third party stakeholder's account.

Those who are not in manufacturing, please ask.

Posted by IronShirt > 2020-09-08 12:03 | Report Abuse

irrevocable Bank Deposit is the same as cash. India can extract same cash from India Bank And Iris got to pay 5-6% interest payment to issuing Bank

Posted by zoelok > 2020-09-08 12:06 | Report Abuse

ready to rebound

Posted by damansaraeagle > 2020-09-08 12:46 | Report Abuse

bro lee_m2020 , is a Bank Guarantee , ayooo normal lah for client asking a BG

Posted by damansaraeagle > 2020-09-08 12:47 | Report Abuse

no doubt it will be a difficult client, but IRIS is used to this difficult client

Posted by lee_m2020 > 2020-09-08 13:15 | Report Abuse

ohh ya ka... nvmd..

Posted by lee_m2020 > 2020-09-08 13:16 | Report Abuse

but why price cannot up with this news? hahaha..

Posted by lee_m2020 > 2020-09-08 13:16 | Report Abuse

too powerful la whoever having the controllig stake to pressing the price

Posted by niubee126 > 2020-09-08 13:20 | Report Abuse

Sell on news

Posted by damansaraeagle > 2020-09-08 14:44 | Report Abuse

they are picking up 0.37 sen, pressing all the weaks and the contra

Posted by Youghin > 2020-09-08 17:19 | Report Abuse

NIIS result out soon

Posted by LiimInvest > 2020-09-08 17:46 | Report Abuse

https://www.theedgemarkets.com/article/heitech-padu-confirms-bidding-niis-says-collaborations-are-way-forward

Citing sources, the report said My EG Services Bhd (MyEG) was bidding for the contract with HeiTech Padu and S5 Systems Sdn Bhd as a consortium.

Posted by Serenevalley > 2020-09-08 18:01 | Report Abuse

??

Posted by Youghin > 2020-09-08 18:34 | Report Abuse

????

Posted by Ahead1268 > 2020-09-08 18:36 | Report Abuse

If you are the boss, think about below statement extracted from the above article:-

“...HeiTech Padu was the developer of the incumbent Malaysian Immigration System (myIMMS), which was first used by the government in 1993 and which the NIIS will replace”.

Agreed timeline to award is near but I reckon the pressure also increase thus the yesterday announcement.

Who doesn’t want to secure the NIIS?

Posted by NawaMan > 2020-09-08 18:58 | Report Abuse

Haihhhh up 1cts only... I thought can get 10cts hhahahahaa

Posted by blind3co > 2020-09-08 20:00 | Report Abuse

Contract worth 114 mil naik 1¢ kalau macam ni contract 1.4 bil naik 12.5¢ shj lah hehe...aduuiii

Posted by stan20 > 2020-09-08 20:23 | Report Abuse

@kimsean they u mean HeiTech screwed up myIMMS?

Posted by Pershing > 2020-09-08 21:14 | Report Abuse

LOI Letter of Intent is the closest to LOA Letter of Award. No LOA will be given without LOI, normal procedure/ formality. LOI will be given to only one company after shorlisted, this company has to prove/demo the product/services before they issues LOA. I would say as good as Iris secured the contract already. India Security Press belong to the govt. RM114M is significant contracts for Iris will certainly have positive impact in their bottom line.(high margin services) No need to wait for NIIS.