look at their annual report, many influential ppl inside: Poh Soon Sim (from Hong Leong Group) 12.6% Robin Tan (Berjaya Corp Vincent Tan's son) 7.5% Ling Hee Keat (ex MCA President Ling Leong Sik's son) 3.4% Augustus Ralph Marshall (former Maxis CEO) 0.5%
"NEC Selected as Technology Partner in the Implementation of Biometric Solutions for NIISe
KUALA LUMPUR, 18 October 2022 – Leading IT and Network Technologies company, NEC Corporation of Malaysia Sdn Bhd (NEC Malaysia) has been awarded a sub-contract for the implementation of its class leading Automated Biometric Identification System (NEC ABIS) and Border Control Solution (e-Gate) by the main project contractor for Malaysia’s National Integrated Immigration System (NIISe), IRIS Information Technology Systems Sdn Bhd (IITS), a wholly owned subsidiary of IRIS Corporation Berhad (IRIS)."
This News might be outdated and seen by many. With the recent question of the status of NIISe, the project has started procurement, therefore unlikely NOT going forward…link as below:-
Think! who dare to take away big NIISe project from Tan Sri Quek's golden boy Dr Poh? who dare to take away big NIISe project from Vincent Tan's son Robin? who dare to take away big NIISe project from ex MCA President's son a part of the current unity govt?
Is IRIS the manufacturer or supplier for our Malaysian epassports? Can anyone clarify? Still holding my IRIS.....Thanks! AR 2022 states it supplies epassports to several countries, but i don't see it supplies our country's passports. "For the domestic market, we executed the National Integrated Immigration System (NIISe) Contract with the Ministry of Home Affairs of Malaysia (“KDN”) for a contract value of RM1.12 billion. NIISe will modernize the Immigration Department of Malaysia through the implementation of the latest and most advanced digital applications. Our NIISe team is currently working closely with KDN to develop and deliver the NIISe project effectively. For the global market, we continue to supply ePassports / Inlays to Nigeria, Guinea, Solomon Islands, Senegal and India"
So Iris Besides passport renewals (NIIS) and visa applications, these would also include applications and renewals of foreign workers' permits and maid permits from Myeg
Iris been the NIISe supplier will have advantage over competitor in grabbing MYEG biz. That pie looks very significant for Iris and is a long term contract (if they grab any) which provides significant recurring revenue and profit for the long term. Got in Iris today at 0.145 and 0.165. Think should go >0.30 by Q1.
Beware...major shareholders already notified that they are going to deal in their shares....ready to pump and dump unless they got insider news...wakaka..
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Joe
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Posted by Joe > 2022-11-26 14:07 | Report Abuse
Need to wait and see...