How can a 1.16 billion contract be not significant? Add to this the maintenance contract, probably worth 170 million per year (at 15% of contract price) later. That doesn't include the other projects it's bidding!! Guys IRIS is for long term. Hold and be rewarded. Trust me.
Weng333, RM 1.16 billions contract divided by 4.5 years multiply by minimum 20 % profit margin equal to and divided again by Iris around 3 billions shares capital is equal to the EPS, at today's price of 0.385 is almost 2 times PE ratio
Some IT companies need to be strategy partnership with Iris to expand their business and obtain local and overseas contracts, plus it is a good chance for Iris to obtain big NIIS maintenance contract from our government..
Even at market closed at 5 pm today, still 18 millions shares queue to buy at 0.385, strong buying for the bright future earnings prospect and strategy partnership with other IT companies..
gemma, Iris will be higher than 2006 high price of RM 2.40, that time it was a small IT company with less talented manpower and a lot of competition for business, now it is a mature IT company with talented team to run the business, recently it has beaten all competitors and won the prestigious NIIS contract from our government and future prospects is tremendous...
Lots of volume in the evening, going to rally tomorrow. This RM1.16 billion contract will give huge impact on it's credential thus will win more massive contract in future.
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