IRIS CORPORATION BHD

KLSE (MYR): IRIS (0010)

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Last Price

0.325

Today's Change

0.00 (0.00%)

Day's Change

0.325 - 0.33

Trading Volume

161,800


76 people like this.

45,597 comment(s). Last comment by Konnichiwa 2 months ago

Survivor13

710 posts

Posted by Survivor13 > 2020-10-13 07:44 | Report Abuse

@onglucky889, refering to your comment, so many negative view of current market, gov, economy, healthcare, etc. u asked ppl throw stock just to make it more worse the situation. listed company no fund from investor, all biz and operation got to stop is it? bank loan all got to defaulted? what you want your follower to do after throw the stock? without money flow into market, all biz will be affected, economy wont growth too. it wont recover itself if all listen to u. tx

Noobie123

1,662 posts

Posted by Noobie123 > 2020-10-13 08:08 | Report Abuse

My take is profit or losses is minimal, then sell first and come back later when sky is clearer. Stock market is always here. It won't run away. I already did that. Zero positions now.

Youghin

642 posts

Posted by Youghin > 2020-10-13 08:18 | Report Abuse

where’s the that fellow who used to post video when price up and quiet when price drop

Posted by damansaraeagle > 2020-10-13 09:13 | Report Abuse

whatever said and done, q to buy 0.28 is almost 6 million

Noobie123

1,662 posts

Posted by Noobie123 > 2020-10-13 10:13 | Report Abuse

Niis was supposed to be a RM3b project. Now RM 1.8b. Smaller scale?

Posted by Ong Lucky888 > 2020-10-13 10:42 | Report Abuse

A special funds was allocated for NIIS Project for this coming budget in November, quickly buy in before too late.

Alooith

18 posts

Posted by Alooith > 2020-10-13 11:04 | Report Abuse

standstill mode, all waiting for anwar

Noobie123

1,662 posts

Posted by Noobie123 > 2020-10-13 13:52 | Report Abuse

2.00pm Press conference.

Posted by damansaraeagle > 2020-10-13 14:15 | Report Abuse

Anwar Ibrahim claimed there is an "authentic document" supporting him. Palace will call Parties Leader about that document whether it is confirmed. So we got few days more. Leaders who support him is more than 120 more. YDA has its discretionary power and everyone has to be patient. Anwar made to statement that the current PM has fallen.

Posted by azman376144 > 2020-10-13 14:57 | Report Abuse

Sold ASB

Noobie123

1,662 posts

Posted by Noobie123 > 2020-10-13 15:08 | Report Abuse

News is out Ku Li and Lim Guan Eng summoned to meet Agung. Looked like Anwar is not bluffing.

blind3co

375 posts

Posted by blind3co > 2020-10-13 15:13 | Report Abuse

List pun tak dapat tunjuk kat Agong... Crazy anwar

https://m.malaysiakini.com/news/546351?utm_source=dlvr.it&utm_medium=facebook

blind3co

375 posts

Posted by blind3co > 2020-10-13 16:03 | Report Abuse

Noobie Agong for sure dont like wut anwar trying to do seing him without any list in hand.. To make sure things hanging for long with anwar claims.. better panggil party head for confirmation or else later anwar mau jumpa lagi claim ada numbers.. Huhu

Posted by Serenevalley > 2020-10-13 16:32 | Report Abuse

Where got people

Posted by damansaraeagle > 2020-10-13 17:56 | Report Abuse

Ong Lucky888 A special funds was allocated for NIIS Project for this coming budget in November, quickly buy in before too late.

Posted by Serenevalley > 2020-10-13 18:57 | Report Abuse

Total different from what YDA written announcement

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-10-13 21:29 | Report Abuse

CLSA maintains BUY rating , with a
higher target price of RM2.00 (previously RM1.75).

MYEG will be providing an online payment system for inbound travellers. This
provides upselling opportunities for its Covid-19 testing business, while
introducing new revenue streams in the form of hotel commissions (for quarantine)
and meet and greet services. Thus, we raise our 20CL and 21CL earnings by 11%
and 14%. While these requirements may be short-term in nature, the same
platform can be utilised to deploy VLN (e-visa) services when borders reopen,
which could raise our 21CL earnings by 8%.

Online payment system for inbound travellers
. The group received a letter of acceptance from the Ministry of Health to provide an
online payment system for inbound travellers to register and make payments for Covid-19 screening tests and quarantine charges. The tenure of the project will be two years, effective from 1 November 2020.
Upselling opportunities for Covid-19 testing and hotel commissions

We estimate this new business to contribute RM12m in monthly net profit. This
assumes 3k daily inbound travellers, an RM150 testing fee with two applications (once
upon entry and once before leaving) and a 20% net margin. On top of this, we assume
hotel commission fees (for quarantine) of 3%, a take-up rate of 50% (the alternative is
government centres) and room-rates of RM250 per night (for 14 days). There is also an optional meet and greet service for RM800, with a target take-up rate of 5%.

Raise earnings 11%-14%, but assumptions subject to change in requirements.

Positively, while these requirements may be deemed short term, the same platform can be utilised to deploy VLN (e-visa) services when borders reopen, which could raise our 21CL earnings 8%.

We retain our BUY on the stock with a higher target price of RM2.00 (from RM1.75).
This is based on an unchanged target PE multiple of 24.5x and 21CL EPS.

Youghin

642 posts

Posted by Youghin > 2020-10-14 09:04 | Report Abuse

LiimInvest stop promoting MYeg here la

Posted by damansaraeagle > 2020-10-14 09:14 | Report Abuse

Lim Invest promoting at HeitechPadu and others. Some people .......

Posted by damansaraeagle > 2020-10-14 09:33 | Report Abuse

FROM MINDA BURSA 28 SEPT 2020::: Since IPO IRIS used to go as high as 1.30 in the past. Since then, it struggled to keep up a good price. A good rally was in year 2013-2014.Only recently a strong volume spike this counter up, making it among top volume traded security in KLSE.The interest among investors started as it was among the shortlisted companies to win Malaysia’s biggest IT project i.e. NIIS. The lack in performance shown in recent QR should not kill the bull yet. Price does not move a lot despite this big hype. Unlike several other companies nowadays, with MoU can soar and limit up. It looks like the biggest investor intent to avoid the price move up too early before the award announcement and this would let them to timely collect cheap security sold by short term retailers or weak holders and stand to be the biggest winner.If IRIS awarded, the price to soar beyond RM1.30. Short term targets are hard to decide as not many choices on the radar i.e. 0.425, 0.450 & 1.30. When big investors jump in, profit taking will take place in stages, playing CutLoss could be severely painful. If not awarded, the price could likely revert to old price range below RM0.20.We do not know the real fate of IRIS regarding NIIS, could be PRESBHD reinstated but we anticipate IRIS has the upper hand to win.

Noobie123

1,662 posts

Posted by Noobie123 > 2020-10-14 10:37 | Report Abuse

The lowest IRIS went last month is 0.26.

Posted by damansaraeagle > 2020-10-14 12:42 | Report Abuse

DIRECT INTEREST :
(1) Dr. Poh Soon Sim - 27,500,000

INDIRECT INTEREST :
(1) POH ASSOCIATES SDN BHD - 1,500,000*
(2) ORIENTALGOLD EQUITY SDN BHD - 345,290,200*
(3) POH YANG HEAN - 800,000**

*Deemed interest by virtue of his shareholdings in Poh Associates Sdn Bhd and OrientalGold Equity Sdn Bhd pursuant to Section 8 of the Companies Act, 2016.
**Deemed interested by virtue of his son's direct shareholdings in IRIS Corporation Berhad under Section 59 of the Companies Act, 2016.

rezzare

581 posts

Posted by rezzare > 2020-10-14 15:19 | Report Abuse

today 0.275 tmr 0.270?

Posted by damansaraeagle > 2020-10-14 15:40 | Report Abuse

Looks like, drop like crazy

Noobie123

1,662 posts

Posted by Noobie123 > 2020-10-14 15:46 | Report Abuse

KUALA LUMPUR, Oct 13 — The 2021 budget, to be tabled on November 6, will be centered on four main thrusts, including targeted support for economic vulnerable groups during the Covid-19 pandemic, said Tan Sri Muhyiddin Yassin.

The prime minister said many groups had been affected even though the government had provided various stimulus packages amounting to almost RM300 billion.


“This budget will provide another form of assistance and support to the groups,” he said in a special press conference at his residence in Putrajaya today.

As for the second thrust, he said the budget would focus on supporting industries through specific incentives once recovery measures are implemented.The other core thrusts include empowering service delivery and developing sustainable living.


Muhyiddin said the thrusts were aimed at preventing the B40 group (bottom 40 per cent of household income group) from falling into poverty by providing a strong saftey net.

“My wish is to make the rakyat and businesses more resilient in the face of uncertainties due to Covid-19 and for the sake of national progress,” he said.

The prime minister said the focus of the budget will still be on efforts to save lives and livelihoods of the rakyat.

“For this, we will focus on the three main pillars, namely empowering the rakyat, supporting business and continuing to strengthen the economy.

“Besides that, we want to ensure that public health and support for the frontliners that has been done so far can be continued.

“Budget 2021 will continue the momentum of economic recovery that has been achieved through Prihatin, Prihatin Plus, the National Economic Recovery Plan or Penjana, and Kita Prihatin packages,” he said. — Bernama

Posted by damansaraeagle > 2020-10-14 16:40 | Report Abuse

finish story

ShamOs123

108 posts

Posted by ShamOs123 > 2020-10-14 17:52 | Report Abuse

end story ..

Noobie123

1,662 posts

Posted by Noobie123 > 2020-10-14 18:43 | Report Abuse

Not the end la..Indian story just beginning

Youghin

642 posts

Posted by Youghin > 2020-10-14 20:37 | Report Abuse

Bouncing up tomorrow la

Posted by Serenevalley > 2020-10-14 20:45 | Report Abuse

Not rip

Posted by damansaraeagle > 2020-10-15 07:21 | Report Abuse

serious haaaa bouncing . cannot la

Posted by damansaraeagle > 2020-10-15 09:07 | Report Abuse

struggling going up, a bit by bit. Won't go anywhere withut the NIIS award, and the NIIS award will not come in as yet plus the political saga

Posted by damansaraeagle > 2020-10-15 10:43 | Report Abuse

0.265!!!! how run or stay

Ahead1268

768 posts

Posted by Ahead1268 > 2020-10-15 10:49 | Report Abuse

Sell and move to ASB

Posted by damansaraeagle > 2020-10-15 12:28 | Report Abuse

operator pushing down the price , wait for afternoon.

Posted by Ravindran Raja Rathanam > 2020-10-15 12:56 | Report Abuse

Other niis related counters already limit up. Why iris losing steam

Posted by Serenevalley > 2020-10-15 13:33 | Report Abuse

Always like that one. You see lah how the operator play, putting volume to block the price.

Posted by Ravindran Raja Rathanam > 2020-10-15 14:06 | Report Abuse

That means operator is optimistic on the future of iris?

Posted by damansaraeagle > 2020-10-15 14:11 | Report Abuse

they are also in lost with the award, tomorrow award , today so no'

hakimsaat

436 posts

Posted by hakimsaat > 2020-10-15 14:43 | Report Abuse

Dnex will get NIIS?

Posted by damansaraeagle > 2020-10-15 16:59 | Report Abuse

iris going down and bunked into the soil

Posted by damansaraeagle > 2020-10-15 17:03 | Report Abuse

closed 0.265

Noobie123

1,662 posts

Posted by Noobie123 > 2020-10-15 17:09 | Report Abuse

Don't think there would be anything positive until the political situation is cleared.

Kabana1956

149 posts

Posted by Kabana1956 > 2020-10-16 02:12 | Report Abuse

Aiyah.. if go below 0.260 tomorrow then no hope lah.

Posted by Serenevalley > 2020-10-16 08:49 | Report Abuse

Obviously defending moment only

NIWV

424 posts

Posted by NIWV > 2020-10-16 09:25 | Report Abuse

wth. when i sold i spike like this. hmm

Posted by EricTanKK123 > 2020-10-16 09:26 | Report Abuse

wow...IRIS got show today...go..go..go.

blind3co

375 posts

Posted by blind3co > 2020-10-16 09:29 | Report Abuse

Reduced holding of iris masuk dsonic wa n destini.. Im quite sure Umno & our PM will find a solution n maybe DPM will be frm Umno.. & reshuffled of cabinet will happen in the near future.. Just my 2 cents..

Posted by EricTanKK123 > 2020-10-16 09:50 | Report Abuse

wow..that is great new..may i know what is the TP? IRIS..go..go..go

WY Chan

1,378 posts

Posted by WY Chan > 2020-10-16 10:28 | Report Abuse

wakaka... downward golden cross....

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