Posted by sheep > 2021-02-08 09:06 | Report Abuse

Sell on news brudder.....wakakakaka

Posted by damansaraeagle > 2021-02-08 09:08 | Report Abuse

buying starting 0.365, hope can sustain

Posted by hajisafiee > 2021-02-08 09:16 | Report Abuse

Buy buy buy

Posted by sheep > 2021-02-08 09:19 | Report Abuse

when people ask you to buy means they bought d..waiting to sell high...force selling today...
queue to buy at 0.33 .....wakakaka

Posted by blind3co > 2021-02-08 09:23 | Report Abuse

Ok tuju langit ke ni

Posted by sheep > 2021-02-08 09:27 | Report Abuse

So much heaving news... Beware...Pumo and dump....dont be a dumb ... wakakaka

Posted by gelong > 2021-02-08 09:34 | Report Abuse

Sudah hit TP...akikiki

Posted by Rabu23rd > 2021-02-08 09:47 | Report Abuse

If it hit 380..next tp is 40 cents

Posted by gelong > 2021-02-08 10:11 | Report Abuse

Pinpin...r u orait

Posted by Edwardong53 > 2021-02-08 10:30 | Report Abuse

Dnex is active today and on uptrend.......???

Posted by oskchoon > 2021-02-08 10:41 | Report Abuse

Today Iris buying momentum slowly increasing and price advance gradually and steady which is very positive...

Posted by oskchoon > 2021-02-08 11:11 | Report Abuse

AT the price of RM 0.37, the estimated PE for the year 2021 until 2025 is only 2, which is the cheapest among IT Industries, which is considered strong buy for long term investment...

Posted by gelong > 2021-02-08 12:11 | Report Abuse

TP 37.5..... huuwhat.skikiki

Posted by MrRightMrLeft > 2021-02-08 12:11 | Report Abuse

Hmm..tunggu 30c

Posted by oskchoon > 2021-02-08 12:28 | Report Abuse

Big boys are collecting Iris 0.37 gradually and steady for long term investment...

Posted by Investgaogao > 2021-02-08 13:06 | Report Abuse

I m think a few institution is short selling iris... can check with your brokage firm
Need refer to the RSS column vloume

Posted by Investgaogao > 2021-02-08 13:07 | Report Abuse

If retailers is not selling the price should gone up faster

Posted by damansaraeagle > 2021-02-08 13:08 | Report Abuse

no lah retailers. the big boys playing us. if you have been iris , you know how they play

Posted by lee_m2020 > 2021-02-08 13:47 | Report Abuse

3,624,200 shares under Shorting last Friday...

In comparison to Topglove Shorting worth 244,265,467 shares

Posted by Geuber > 2021-02-08 13:56 | Report Abuse

Advise me if I am incorrect. IRIS has to come up with performance bond for a Government contract, normally within 1 month after letter of award has been issued.

Perhaps, to fund the performance bond IRIS will raise it through Public Placement PP share issues and the PP pricing is based on the weighted average of 5 market days. So, to raise cheap capital, the shareholders and the syndicateurs will push the price down to get to the desirable market price, and once the PP price has been locked in, they will rally the price up and sell at their target price, making tons of profit to reimburse themselves the funds injected through the PP. To rally now and limit up on announcement would be detrimental to fund raising and profit objectives as the price will be high and they get less shares for the same amount.

We saw how the 10% PP subscription in play when it was push down to 26.5 sen before it rally up again. Today should be the 5th day of average market price computation and should be enough time to for IRIS to raise funds for Performance Bonds within the deadline 2nd March.

Then all hell will let loose. The IRIS share price is ripe for the game. Quadruple limit up over time to get to its realistic market value for such a big Government Project. Then followed with Maintenance contract, thereafter the Indian Project.

So it boils down to PP subcriptions and Performance Bond to meet the forthcoming rally.

Posted by SyedMTaufik > 2021-02-08 15:08 | Report Abuse

kemonnn IRIS

Posted by zhm540 > 2021-02-08 15:41 | Report Abuse

IRIS is gone case already. many punters now move to DNEX. See you there

Posted by stopbombing > 2021-02-08 16:03 | Report Abuse

aiyoyo, today really green ah ah, but heavy like kayu balak tak boleh apung oh ahahah, 1st limit up, but cannot limit up, now hold tight tight ah.

Posted by stopbombing > 2021-02-08 16:05 | Report Abuse

change government, ding ding go home, ding ding son in law also go home. iris also go home,

if ding ding can win by august then ok ah, kayu balak also can float, if not, become another mygg.

Posted by Lele > 2021-02-08 16:28 | Report Abuse

IRIS Corp Bhd has snagged the much sought after contract for the RM1.16 billion National Integrated Immigration System (NIIS).

The contract, which has a tenure of 4½ years or 54 months, is likely to be a game changer for the company.

In a brief conversation with The Edge, CEO Shaiful Subhan clarified earlier speculation that the contract would be awarded to a consortium.

“It (the award) is just to us, Iris, but of course, we will have subcontractors and we are open to partnerships,” he says.

Shaiful was tight-lipped on the contract’s impact on Iris’ bottom line, saying only that, “It’s decent, we are still working on it”. Market talk, however, has it that the contract will mean margins of at least double digits for the company.

When asked about the possibility of Iris undertaking the maintenance of the NIIS as well, which could nudge up the overall value of the award, Shaiful says, “It’s too early to talk about it; we just got the contract. It (maintenance) is dependent on deliverables. We have to deliver on the contract.”

However, considering that the contract entails testing, designing, developing, supplying, delivery, assembly, integration, data migration and integrating the entire system, it is likely that Iris will end up doing the maintenance of the NIIS as well. Margins for maintenance contracts can go as high as 15% of the contract value a year, but without more details, it is difficult to pinpoint the quantum.

In addition, variation orders could increase the contract value, but this is conjecture at press time.

When asked if Iris would seek out similar contracts in some of the other countries the company is operating in, Shaiful’s reply is “of course”. Iris has implemented immigration, identification and passport systems in 34 countries across the globe. It was the pioneer in its field, having come up with the ePassport in 1998.

Shaiful says Iris is in talks with the Malaysian government over other contracts but declines to comment further as the talks are confidential.

The award of NIIS to Iris quashes initial speculation that the contract would be shared among several companies in a consortium.

Towards the end of last year, market talk had it that the NIIS pie would be split between Iris and MyEg Services Bhd, and possibly even politically well-connected S5 Systems Sdn Bhd, a unit of S5 Holdings Inc, which is undertaking a reverse takeover of Ancom Logistics Bhd.

Other than MyEG, some of the other companies Iris pipped include Scicom (MSC) Bhd and Dagang Nexchange Bhd. HeiTech Padu Bhd, developer of the incumbent Malaysian Immigration System or myIMMS — first used in 1993 — was another bidder.

Interestingly enough, MyEG has acquired a 10% stake in S5 Holdings.

The NIIS contract was scheduled to be awarded last August but was delayed several times. Under the former Barisan Nasional government, Sistem Kawalan Imigresen Nasional or SKIN, the forerunner of NIIS, was undertaken and it was valued at RM3.5 billion. SKIN was proposed by Prestariang Bhd, now known as Awanbiru Technology Bhd.

However, the Pakatan Harapan government scrapped the SKIN project in December 2019, and sought an open tender to award the NIIS contract, to cut costs. At RM1.3 billion, NIIS is more than 60% cheaper than SKIN.

SKIN was slated to replace MyIMMs, which has received flak for some time. The Auditor General’s report in 2015 said the system was “not up to mark”. In 2018, it noted there were no records of 214,398 foreigners exiting Malaysia since mid-April that year. Also, MyIMMs experienced 4,489 breakdowns from 2016 to 2018.

Meanwhile, the NIIS is likely to be a boon for Iris.

For the six months ended September last year, Iris suffered a net loss of RM5.21 million from RM46.36 million in revenue. For the corresponding period a year ago, the company chalked up a net profit of RM19.4 million from 144.71 million in revenue.

Iris attributed the dip in revenue and losses for the first six months of 2020 to lower deliveries of e-passports and cards in the current year compared to 2019.

As at end-September last year, Iris had cash and bank balances of RM71.27 million, with RM25 million in both short-and long-term borrowings. Accumulated losses amounted to RM291.28 million.

Nevertheless, things have been picking up for the company.

Last September, it secured a US$27.54 million (RM110.8 million) contract in India for 15 million e-passports. In November 2019, the company forged a partnership with Metropolitan Office Pte Ltd in Sri Lanka to collaborate and explore business opportunities in e-passport, automated border control and attendance management solutions in the country.

Iris is led by president and managing director Datuk Paul Poh Yang Hong and Shaiful, who have been at the helm of the company since July and October 2017 respectively.

Yang Hong’s father Dr Poh Soon Sim is a substantial shareholder of Iris with 12.65% equity interest. Other substantial shareholders include Datuk Seri Robin Tan Yeong Chi

Posted by stopbombing > 2021-02-08 16:28 | Report Abuse

https://www.theedgemarkets.com/article/niis-seen-game-changer-iris#:~:text=IRIS%20Corp%20Bhd%20has%20snagged,game%20changer%20for%20the%20company.&text=We%20have%20to%20deliver%20on%20the%20contract.%E2%80%9D

so Iris is planning hiring subcontractor, I think Iris cannot do this project alone, ahaahaha run, profit will reduce.

Posted by CUTLOST > 2021-02-08 16:34 | Report Abuse

45cts director pelan2 jual maa

Posted by oskchoon > 2021-02-08 16:39 | Report Abuse

Iris will close green today for up side potential for the next few days...

Posted by SyedMTaufik > 2021-02-08 16:48 | Report Abuse

can someone advise what are the highest share price can go....possible to 0.45cent?

Posted by Geuber > 2021-02-08 16:49 | Report Abuse

Let's work backward. Performance Bond of 5% or less will expire on end of February, based on month basis or 2nd Mac on 30 days basis.

Assuming a 70% margin facility is taken from the financial institution, the shareholders need to raise 30% from the market for the intended funds

If it takes 3 days for the sale proceed to be converted to cash for use to purchase PP shares. This may be the trigger for the rally .

Then we can have an estimate, when the rally is going to start because we know there is a deadline to meet.

Posted by Investgaogao > 2021-02-08 19:25 | Report Abuse

Inverted hammer... A good sign

Posted by Investgaogao > 2021-02-08 19:45 | Report Abuse

Wait for tomorrow having another confirmation bullish candle

Posted by Investgaogao > 2021-02-08 19:46 | Report Abuse

If it does exist, then technically uptrend for iris ad

Posted by Investgaogao > 2021-02-08 19:47 | Report Abuse

If not mistaken, Iris director said some projectsss still in tender and confirmed get the India supply project and yet not the end of story... They are working with another company to sort out Sri Lanka project soon... Hmmm... Something is brewing..

Posted by Investgaogao > 2021-02-08 19:48 | Report Abuse

India is a huge potential market.. It could be 10 times more than NIIS... NIIS is just a appetites. :)

Posted by Chua Joe Beng > 2021-02-08 20:00 | Report Abuse

if Modi thinks like Mooo, Iris can b 30 times of today's price!

Posted by flysmart > 2021-02-08 20:03 | Report Abuse

still hoping ? hahahaha. come back later. this Iris will be boring for a period of time.

Posted by newbie9893 > 2021-02-08 20:23 | Report Abuse

sell iris & buy in Dnex, surely not regret

Posted by Investgaogao > 2021-02-08 21:03 | Report Abuse

Haha let see who laugh all the way to bank

Posted by gelong > 2021-02-08 21:29 | Report Abuse

Tomorrow bank tarak bukak...demam

Posted by Investgaogao > 2021-02-08 21:56 | Report Abuse

Serious bank no open?? Check and see :)

Posted by Investgaogao > 2021-02-08 21:57 | Report Abuse

Alright good luck to shareholdersss. I already all in no more bullet for next coming up ad

Posted by gelong > 2021-02-08 22:08 | Report Abuse

Boro from ahlong la...

Posted by JaydenF > 2021-02-08 22:14 | Report Abuse

If Iris close green tomorrow, enjoy the ride up again :)

Posted by Survivor13 > 2021-02-08 22:15 | Report Abuse

Hold, TP at least 1.20

Posted by Arsenewenger8383 > 2021-02-08 22:37 | Report Abuse

Hehehe... belum jual lagi ka...

Posted by masaicibai > 2021-02-09 00:06 | Report Abuse

just passing by...eh still hold iris ka......zamsaham kata sabar....wkwkwkwkwkwkw

Posted by zulstar > 2021-02-09 01:42 | Report Abuse

Saham Iris dalam keadaan downtrend betul ke...

Posted by flysmart > 2021-02-09 08:11 | Report Abuse

full of sharks on board.... later will be swallowed by them. hahahaha

Posted by blind3co > 2021-02-09 08:25 | Report Abuse

https://www.theedgemarkets.com/article/niis-seen-game-changer-iris

Iris for mid to long term investment.. barring unforseen circumstances next year mesti ada senyum