IRIS CORPORATION BHD

KLSE (MYR): IRIS (0010)

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Last Price

0.34

Today's Change

-0.01 (2.86%)

Day's Change

0.33 - 0.345

Trading Volume

950,600


76 people like this.

45,627 comment(s). Last comment by flytothemoon 2 weeks ago

Posted by shortinvestor77 > 2023-02-12 21:59 | Report Abuse

NO HOPE. It has turned upside down.

warchest

1,798 posts

Posted by warchest > 2023-02-12 22:00 | Report Abuse

Who is the real person behind Tass Technology? This is highly dubious

joyvest

10,190 posts

Posted by joyvest > 2023-02-12 22:03 | Report Abuse

Ali baba business where sale of contracts awarded without the need to develop them.

Contract awarded is quickly sold to avoid cancellation of contract by the Government Authority.

If the contract awarded is fishy ,it will be declared as invalid. The contract sold is invalid too.

Kakume

1,077 posts

Posted by Kakume > 2023-02-12 23:19 | Report Abuse

share Price > RM1, Limit up or down is by 30%. Share price less than RM1, LU/LD is movement by 0.30. So what is LD for IRIS? :)

Kakume

1,077 posts

Posted by Kakume > 2023-02-12 23:20 | Report Abuse

Now IRIS already sold IITS, with the investigation, do you think NIISE will be ready by 2025? or likely to be terminated and open for new tender? Will that not a good news for MYEG? Ops...

Kakume

1,077 posts

Posted by Kakume > 2023-02-12 23:22 | Report Abuse

IRIS was supported by S5 during the tender, and later S5 sued IRIS after the project awarded. S5 is connected with ex PM SIL? PMX is after MY, and investigate S5/IRIS deal, IRIS is dragged into the boiling water. What is that means for IRIS and MYEG which has lost 50% value last week?

Posted by Jenggo Jenggo > 2023-02-13 00:00 | Report Abuse

Good luck all traders

Peace99

2,263 posts

Posted by Peace99 > 2023-02-13 08:24 | Report Abuse

Just wondering: why IRIS is selling 80% and keeping 20% of IITS? Why not it sells 100%?

Posted by Investgaogao > 2023-02-13 09:02 | Report Abuse

Buyer and seller fighting now ... :)

Chichi5

41 posts

Posted by Chichi5 > 2023-02-13 09:03 | Report Abuse

IM WOndering can a company sell 80% of the tender project to another comapny? if liddat buat apa buat tender? any company also can cincai cincai sell off liddat

Michael R.

4,796 posts

Posted by Michael R. > 2023-02-13 09:20 | Report Abuse

if sell off completed ... gov could cancel the awarded project due to unsustainable co without PLC parent..

Michael R.

4,796 posts

Posted by Michael R. > 2023-02-13 09:20 | Report Abuse

Won NIISE and lost to NIISE (MYEG) both down..

1pingpong

713 posts

Posted by 1pingpong > 2023-02-13 10:55 | Report Abuse

got project, then now want to sell off.. what craziness is this? isnt it obvious there is Lobster behind the rock?

nicholas99

9,863 posts

Posted by nicholas99 > 2023-02-13 10:59 | Report Abuse

the government didn't leave a term in it when awarding the contract to them? or purposely leave a backdoor. Just like AP, one big company get all the AP, then give to other small companies. Thats how they flourish. That's where their business model coming from.

Posted by Jasonwantyou > 2023-02-13 11:07 | Report Abuse

Chichi5, you are right

1pingpong

713 posts

Posted by 1pingpong > 2023-02-13 11:33 | Report Abuse

One more news on IRIS on investigation/SPRM/scandal...then it will break 0.100.

Posted by Investgaogao > 2023-02-13 11:53 | Report Abuse

You should concern your PDPA issue with the system created by an unknown company :) rather than just the share price volatility

Chichi5

41 posts

Posted by Chichi5 > 2023-02-13 11:55 | Report Abuse

gov should have cancel the the project when a company did this. dog cats also can suddebly be sub con .

Posted by Investgaogao > 2023-02-13 11:55 | Report Abuse

Tass Tech company is established in 2016 only.. No track record at all... Unless iris transfer the project to iris technology and sell this shell company

fairyz

329 posts

Posted by fairyz > 2023-02-13 12:29 | Report Abuse

So going up or down?

Karma due to killing Awantec earlier? We shall see....

1pingpong

713 posts

Posted by 1pingpong > 2023-02-13 12:35 | Report Abuse

I think this PDPA issue is already too late for rescue when many of us is getting unknown scam call or bank call pushing their products. Its too late by now. its already in the circulation.

1pingpong

713 posts

Posted by 1pingpong > 2023-02-13 12:38 | Report Abuse

Also a General practice Contract Term in any field is mandatory to have a clause of no Sub-contracting. And this high profile contract seems have omitted it. What the hell.

bjgdila123

3,470 posts

Posted by bjgdila123 > 2023-02-13 12:58 | Report Abuse

dah agak free falll

Henryjohny

873 posts

Posted by Henryjohny > 2023-02-13 13:25 | Report Abuse

look like many want to run today ...

1pingpong

713 posts

Posted by 1pingpong > 2023-02-13 16:07 | Report Abuse

another serbaD in the making. game over

Michael R.

4,796 posts

Posted by Michael R. > 2023-02-13 16:30 | Report Abuse

Group CEO resigned... Selling 80% stake.. you know what is coming next...

Income

10,652 posts

Posted by Income > 2023-02-13 17:42 | Report Abuse

Why down so much? Really killing Me. :-/

Income

10,652 posts

Posted by Income > 2023-02-13 17:43 | Report Abuse

Don’t make my underwear gone?

Jokers2020

2,006 posts

Posted by Jokers2020 > 2023-02-13 19:58 | Report Abuse

tomorrow will be worst...today give chance for retailer to exits....run fast

Goodprofit

1,022 posts

Posted by Goodprofit > 2023-02-13 22:21 | Report Abuse

iris should be no issues, iris must act fast if any happens due to contract issues.

Posted by Investgaogao > 2023-02-13 23:18 | Report Abuse

Maybe you should think that way... Iris was planned to sign on the disposal last month and the new of investivation kick in thereafter :) no one businesss can find buyer in a day or week after the news came out :)

Posted by Investgaogao > 2023-02-13 23:19 | Report Abuse

I do not mean it is a good news or bad news.. You may judge it yourself.. Someone may want to throw the share with the news out

Posted by Investgaogao > 2023-02-13 23:20 | Report Abuse

I dont know who are the share of this collection for this few days.. Maybe we can know withib this week after the annocement made :)

Goodprofit

1,022 posts

Posted by Goodprofit > 2023-02-14 09:31 | Report Abuse

someone is collecting cheap shares before moving upward is going to announcement just like Myeg like that

Peace99

2,263 posts

Posted by Peace99 > 2023-02-14 09:40 | Report Abuse

I think so too...the sale must have been planned earlier. It is still keeping 20%. What if it realises that it needed more fund to develop NIISe, and TASS came forward but wanted 80%?
And if IITS got the contract in an unclean way, some ppl will be convicted, but not IRIS itself, right? IRIS can handle production of ID and have contracts eg Senegal RM80mil and Tanzania RM 167.6mil. So will IRIS recover?

Goodprofit

1,022 posts

Posted by Goodprofit > 2023-02-14 09:46 | Report Abuse

maybe proposed special dividend soon

newtrader1989

1,429 posts

Posted by newtrader1989 > 2023-02-14 10:29 | Report Abuse

Collect while cheap. Later no chance when new out

momochick

194 posts

Posted by momochick > 2023-02-14 10:36 | Report Abuse

really cheap now to enter..

newtrader1989

1,429 posts

Posted by newtrader1989 > 2023-02-14 11:18 | Report Abuse

Limit up soon if announce special dividend

nicholas99

9,863 posts

Posted by nicholas99 > 2023-02-14 11:23 | Report Abuse

sell niise to announce dividend? lmao.

newtrader1989

1,429 posts

Posted by newtrader1989 > 2023-02-14 11:35 | Report Abuse

Cash rich company. Can venture into hot sectors like EV

Posted by Muhamad Huzaili Huzman > 2023-02-14 12:21 | Report Abuse

dividend coming soon?

1pingpong

713 posts

Posted by 1pingpong > 2023-02-14 12:29 | Report Abuse

Iris coming down while MYeg backing up

hhhiii123

806 posts

Posted by hhhiii123 > 2023-02-14 17:25 | Report Abuse

I like how investor sentiment change from "limit down" or "run now" to "special dividend" or "the price is too cheap now" lol

newtrader1989

1,429 posts

Posted by newtrader1989 > 2023-02-14 18:02 | Report Abuse

Iris up more than myeg today

Posted by Investgaogao > 2023-02-14 20:01 | Report Abuse

Actually iris main business is similar to dsonic not really into IT segment... I would rather said iris may plan to acquire some assets to assist them manufacture the security paper with the recent disposal

Posted by Investgaogao > 2023-02-14 20:02 | Report Abuse

Current they have 2 billion contract on passport inlay and id card on hands under iris technologies Malaysiasdn bhd

Posted by Investgaogao > 2023-02-14 20:02 | Report Abuse

Just in case u all dont know can refer to the annocement in investor relation

Posted by Muhamad Huzaili Huzman > 2023-02-14 20:53 | Report Abuse

Bila nak umum dividen?

speakup

26,437 posts

Posted by speakup > 2023-02-14 21:18 | Report Abuse

iris now got already about rm100mil net cash in bank
after disposal, +rm70mil, net cash increase to rm170mil which translate to about 5sen/share!

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