12-Jan-2021 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 735,000 shares on 11-Jan-2021. 12-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,500,000 shares on 07-Jan-2021. 11-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,000,000 shares on 06-Jan-2021. 08-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,000,000 shares on 05-Jan-2021. 07-Jan-2021 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 2,000,000 shares on 04-Jan-2021.
1. State of Emergency is declared, there will be no change of government , any contract awarded will proceed as there will be no change of government or election 2. Vaccine is rolling out soon, those with vaccine will be allowed to travel border will be opened soon. National Integrated Immigration System needs to be implemented as soon as possible 3. EPF continuously net seller of MYEG for the past few days 4. Iris directors has been buying back shares aggressively 5. Volume is increasing suddenly without any news
Something is brewing.... with very low market cap IRIS can easily hit RM2 TP
RM 2 tp ??????? come on la. dont give unrealistic tp just to lure ppl to buy. EPF sell can be a lot of other reasons. just buy more and sell at your comfortable price.
Iris Corp in talks with govt over RM1.2 bil immigration project Sources say IT service provider has received a letter of intent to begin negotiations
Updated 1 day ago · Published on 12 Jan 2021 7:00AM · 0 Comments
KUALA LUMPUR – Iris Corp Bhd has received a letter of intent to begin negotiations with the government over the RM1.2 billion National Integrated Immigration System (NIIS), people familiar with the matter said.
A source said there had been three days of negotiations last week between Iris, Home Ministry officials as well as S5 Holdings Inc director Syed Mohamad Hafiz Syed Razlan.
Iris was not available for immediate comment.
The IT service provider has been a front runner for the NIIS ever since a request for proposal (RFP) was called in 2019, when Tan Sri Muhyiddin Yassin was home minister, after he terminated the project’s predecessor, Sistem Kawalan Imigresen Nasional (SKIN), due to inflated costs.
Estimates put the cost of the NIIS at about RM1.2 billion, a 66% discount from SKIN’s RM3.5 billion. Prestariang Bhd, which was directly awarded the SKIN contract from the then-Barisan Nasional government in 2017, is suing Putrajaya for RM732.86 million in damages.
Muhyiddin would go on to become prime minister while his Bersatu colleague, Datuk Seri Hamzah Zainuddin, took over the Home Ministry portfolio following the change of government in late February last year.
But the RFP also allows for a consortium of companies to bid for the project. Business publication The Edge, citing sources, had reported on August 24 that Iris had put in a bid through a consortium, with S5 being party to the deal.
Also, an S5 shareholder has links to Muhyiddin’s son-in-law, Datuk Adlan Berhan. The Vibes had reported that Avocat Sdn Bhd, which is controlled by businessman Lim Beng Guan, has a 3.62% stake in S5. Lim is a director while Adlan, who is married to Muhyiddin’s daughter, Nabilah, is a shareholder of Agathistwo Jia Sdn Bhd. – The Vibes, January 12, 2021
The support and resistance level of IRIS are 0.345 and 0.45 respectively. It is observed that the MACD line of IRIS is above the centreline indicating some degree of strength in the price movement.
With regard to the RM1.2Bil immigration contract, LoI is generally not binding. It is, in effect, an agreement to agree. Thus, either party can cancel the letter at any time.
desotransasia With regard to the RM1.2Bil immigration contract, LoI is generally not binding. It is, in effect, an agreement to agree. Thus, either party can cancel the letter at any time. 13/01/2021 10:38 AM
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....
pang72
51,550 posts
Posted by pang72 > 2021-01-12 16:09 | Report Abuse
Oooo yes....
Project mari!!