Posted by BLee > 2023-03-16 23:17 | Report Abuse

"KUALA LUMPUR: The government does not intend to review or restructure projects implemented by the previous administration, the Economy Ministry said.

In a written reply posted on Parliament's website today, the ministry said all projects would continue to be implemented in line with the procurement procedures that are profitable to the government."

Does this include NIISe project, or does it still have to wait until next month??

News as per link:
https://www.nst.com.my/news/nation/2023/03/889946/govt-does-not-intend-reviewing-projects-implemented-previous?utm_source=nst&utm_medium=mostpoplatest

Happy Trading and TradeAtYourOwnRisk..

Posted by momochick > 2023-03-16 23:25 | Report Abuse

damn.. wasting money again

Posted by hhhiii123 > 2023-03-17 08:41 | Report Abuse

Limit up plz , Sound like good news haha

Posted by nicholas99 > 2023-03-17 08:46 | Report Abuse

why? got new project NOOSE?

Posted by speakup > 2023-03-17 15:16 | Report Abuse

limit up?

Posted by AlexChiaWS > 2023-03-17 17:48 | Report Abuse

Where is S5 in the contract holder?

Posted by AlexChiaWS > 2023-03-18 01:34 | Report Abuse

I thought Iris were awarded the Niise project with S5 participation in the project as a term and condition.
Then, why Iris is being drag into the so called "son-in-law" chaos? I thought this guy only relates to S5 not Iris?

https://www.thevibes.com/articles/news/11037/muhyiddins-son-in-laws-shadow-looms-over-rm1.2-bil-immigration-project

Posted by shiningmoon > 2023-03-18 16:41 | Report Abuse

Some MP brought over nuisance into parliament for a purpose of content. Look at what happened to MP Lim Lip Eng now. I seriously think new gov is arming themselves to end the PN's power once and for all by raising a political contract issue under MY's reigned. On top, the next person to end his political career is those at Sheraton 2020. Iris is used as scapegoat. Hope AI will give way to the innocent during this internal war.

Posted by shiningmoon > 2023-03-18 16:45 | Report Abuse

Bettyem

You need to look into Niise project organization.

1 OWNER - Home MInistry
2 Contract Holder - A consortium IRIS + 3rd Party Company. Purpose; Qualify for Bumiputra status; technical / financial criteria
3 Subcontractor - Technology / technical provider; NEC

This consortium has met all requirements above.
If there is political connection, there is no evidence so far. This consortium already declared that no one in their organization has any interest or relatives in Home Ministry.

1 day ago

Who was the HM at that time? Ask him then. During the transition, whoever dare to go hanky panky have to join fate with the 0nemdb bossku...didn't these ministers learnt?

Posted by momochick > 2023-03-20 10:11 | Report Abuse

what gonna hapen now?

Posted by speakup > 2023-03-20 12:59 | Report Abuse

If take back, all govt projects are at risk. U think Iris the only company got govt project ke? Many companies got govt contracts, of various sizes

Posted by momochick > 2023-03-23 09:31 | Report Abuse

7days.. tik tok tik tok

Posted by hhhiii123 > 2023-03-23 12:20 | Report Abuse

Limit up or limit down lol, I also feel nervous, haha

Posted by speakup > 2023-03-23 12:48 | Report Abuse

Iris already new management since a few years ago. Old team all kick out already

Posted by Moneyking543 > 2023-03-23 13:26 | Report Abuse

lousy team no improvement more worse

Posted by nicholas99 > 2023-03-24 15:02 | Report Abuse

In another case announced by SC[9] in 2017 pertaining to the shares of Iris Corporation Berhad (“Iris”), the High Court had declared in favour of SC against defendants for their role in the manipulation of Iris shares in 2006. All 7 defendants were declared to have conspired to manipulate the share price of Iris. The manipulation was conducted through a complex layering of the origination of the orders and transactions via foreign intermediaries. The defendants collectively used numerous trading accounts to create an artificially strong demand for Iris shares. It had caused the price of Iris shares to rise from RM0.08 to a closing high of RM1.36 per share with an average of 200 million shares being traded daily over that period.

In 2012[10], SC charged a former remisier in the Kuala Lumpur Sessions Court and another individual for abetting the manipulation of shares in Lii Hen Industries Bhd (“Lii Hen”) by creating a misleading appearance of active trading of Lii Hen shares by being involved in the sale and purchase of Lii Hen shares that did not result in any change of beneficial ownership. The trades were executed through 42 accounts at nine stockbroking companies between March 2004 and October 2004.

In 2010[11], SC obtained convictions against 2 individuals for their involvement in the manipulation of Fountain View Development Bhd (“FVD”) shares. The first defendant, a former director of FVD, pleaded guilty to the offence of creating a misleading appearance of active trading of FVD shares on Kuala Lumpur Stock Exchange (now known as Bursa) through at least 20 CDS accounts which were beneficially owned by the accused through the companies that he controlled. The second defendant pleaded guilty for abetting the first defendant whereby he was responsible for executing and relaying orders for the sale and purchase of the shares during the material time to various stockbroking firms.

Posted by hhhiii123 > 2023-03-25 09:59 | Report Abuse

@Bettyem
Only Iris pass the test of Niise, then will be able to get more projects in the future. Let's wait another week then we can know its fate....

Posted by newtrader1989 > 2023-03-27 12:19 | Report Abuse

We maintain our outperform outlook for IRIS with forward looking P.E of 100x

Posted by pinetree88 > 2023-03-28 11:21 | Report Abuse

Strange today sold down 0.095 and high vol. Any related news ytd or today?

Posted by Moneyking543 > 2023-03-28 11:25 | Report Abuse

heard going to bankrupt soon

Posted by AlexChiaWS > 2023-03-29 22:46 | Report Abuse

Ouch...

https://www.theedgemarkets.com/node/661345


**************************************************************************
Stock: [IRIS]: IRIS CORPORATION BHD

1 month ago | Report Abuse

https://www.theedgemarkets.com/node/656180

The keyword here, "selective prosecution".

Now, I just want to continue watching Frankie Answer Question. Nice one la Frankie....

https://youtu.be/Oj6T5YjLGMg
****************************************************************************


Looks like Technology crack down is really taking place.

Posted by hhhiii123 > 2023-03-30 08:13 | Report Abuse

Sound like good news? Since currently there are very fews company really have record in development epassport, except Iris

Posted by pinetree88 > 2023-03-30 10:33 | Report Abuse

The update by KDN seems positive, mentioned progress though is slower than expected due to some labor bottleneck. Doesn't seem to have any wrong doing in rewarding the contract.

Posted by Moneyking543 > 2023-03-30 11:54 | Report Abuse

0.05 is coming soon

Posted by hhhiii123 > 2023-04-07 16:26 | Report Abuse

Confirm cancel?

Posted by Peace99 > 2023-04-11 21:28 | Report Abuse

@Bettyem can let us know what is file about? Looks like a big file.... Thank you.

Posted by speakup > 2023-04-11 21:46 | Report Abuse

Please don't simply simply open files posted. U never know if it is virus

Posted by Peace99 > 2023-04-12 22:03 | Report Abuse

@speakup thanks for the reminder! I hope no virus as I did click on it, the one posted by Bettyem :(
@Bettyem hope it was no virus.....

Posted by hhhiii123 > 2023-04-13 13:58 | Report Abuse

No news mean good news? Should I topup lol

Posted by Moneyking543 > 2023-04-13 14:05 | Report Abuse

just close your eyes and buy as many as you can

Posted by Muhamad Huzaili Huzman > 2023-04-17 14:50 | Report Abuse

good for the long terms investmesnt?

Posted by newtrader1989 > 2023-04-18 11:04 | Report Abuse

Will break highest price soon. Iris will outperform lolz

Posted by nicholas99 > 2023-04-18 11:04 | Report Abuse

boss keep selling.

Posted by nicholas99 > 2023-04-18 11:14 | Report Abuse

boss keep selling. price how go up. lmao.

Posted by anisayob > 2023-04-18 11:58 | Report Abuse

Wow... Joined at 10 sen... Already profit liao... Thank u sailang_now...

Posted by sheep > 2023-04-18 12:32 | Report Abuse

Pump and dump.. good show

Posted by newtrader1989 > 2023-04-18 12:33 | Report Abuse

Iris limit up afternoon

Posted by newtrader1989 > 2023-04-18 12:47 | Report Abuse

Will go up like salute. Just watch the show hahaha lolz

Posted by momochick > 2023-04-18 12:58 | Report Abuse

get ready guyz.. gov said this month will decide bout niise

Posted by newtrader1989 > 2023-04-18 12:59 | Report Abuse

Already decided, the share price is already reflecting the result.

Posted by Muhamad Huzaili Huzman > 2023-04-18 15:20 | Report Abuse

TP RM1.00

Posted by nicholas99 > 2023-04-18 15:20 | Report Abuse

TP5.00

Posted by pinetree88 > 2023-04-18 15:28 | Report Abuse

I posted the below abt 2 wks ago and now seems like iris holders may hear some good news soon.

pinetree88

The update by KDN seems positive, mentioned progress though is slower than expected due to some labor bottleneck. Doesn't seem to have any wrong doing in rewarding the contract.

Posted by newtrader1989 > 2023-04-18 17:14 | Report Abuse

No need average down. IrIS will soon break all time high

Posted by hhhiii123 > 2023-04-18 20:26 | Report Abuse

seem like pharma case, government will grant the license to continue to work, can top up edy

Posted by kaipeng911 > 2023-04-18 23:34 | Report Abuse

Better going up with silent(when the price going up with no any news publish，maybe Iris can going up 100%)，if good news come out，that's mean can sell already。

Posted by kaipeng911 > 2023-04-18 23:38 | Report Abuse

But some insider know the profitable or some good news，that's why buy alot and push share price going up.

Posted by willc48 > 2023-04-19 01:45 | Report Abuse

will be another pharmaNiaga once no more govt projects.

Posted by hhhiii123 > 2023-04-19 08:13 | Report Abuse

@willc, msia only contribute 33% revenue to Iris among all segment

Posted by greatbattles > 2023-04-19 10:14 | Report Abuse

so then Iris Corp will cancel the sale of Iris Information Technology Systems Sdn Bhd?