Posted by MonkeyFoo > 2020-08-24 16:45 | Report Abuse

What the hell is going on

Posted by icecool > 2020-08-24 16:46 | Report Abuse

+4 sen never bad mouth ts wong

Posted by Aero1 > 2020-08-24 17:08 | Report Abuse

https://www.theedgemarkets.com/article/newsbreak-iris-myeg-front-runnes-niis

Posted by icecool > 2020-08-24 17:10 | Report Abuse

IRIS Corp Bhd and MyEG Services Bhd are said to be the front runners to bag the billion-ringgit National Integrated Immigration System (NIIS), according to sources. The contract will be awarded anytime this month, they say.

It seems that the NIIS project will be split between the two companies.

The tender document sighted by The Edge last year allows for multiple companies to form a consortium to bid for the contract.

“Yes, I heard that Iris is the front runner for the contract. They are going to be the system integrator for the NIIS,” says an industry player who was involved in various government contracts in the past.

The NIIS will be replacing the current Malaysian Immigration System (myIMMS) at all gateways, including airports and land crossings. The MyIMMS is said to be obsolete as it was first developed in 1993.

The tender to bid for the NIIS was called late last year and it attracted almost 30 bids from local information technology system integrator and cybersecurity companies. The bids received ranged from RM1 billion to RM1.8 billion.

Another source confirms that Iris put in the bid through a consortium, in which S5 Systems Sdn Bhd is a party. S5 Systems is owned by S5 Holdings Inc, in which MyEG Services Bhd has a 10% equity interest.

S5 Holdings is currently the target of a reverse takeover by Ancom Logistics Bhd.

NIIS is the latest reiteration of the government’s plan to replace the obsolete myIMMS. In August 2017, the then Barisan Nasional government awarded a RM3.5 billion contract to Prestariang Bhd to develop, operate and maintain a new immigration system for 15 years.

However, on Dec 11, 2018, the Home Ministry decided to terminate the contract, saying that the National Immigration Control System (SKIN) — as it was called then — was too expensive, and decided to call for another round of tenders.

Prestariang decided to take the ministry to court on April 15, 2019, seeking compensation of RM732.86 million for work done on the system prior to the contract termination. Hearing on the case commenced at the High Court of Kuala Lumpur on July 21.

Note that the more expensive SKIN contract included a maintenance contract, whereas the NIIS contract is just to build, install and commission the system. There will be a separate contract for the maintenance of the system.

Iris is a provider of smart identification solutions and e-border control systems. It was the proprietor of the technology behind the world’s first e-passports and immigration autogates at the Kuala Lumpur International Airport.

Since then, Iris’ e-passports have become the standard for e-passports around the world.

According to Iris’ website, its Border Control Solution is able to provide integrated border control management, including manual, automated and mobile border clearance, travel document verification, visa information system, biometric identification and verification, traveller movement and advanced passenger information.

Besides Iris and MyEG, ­other known bidders for the contract include Datasonic Group Bhd, Heitech Padu Bhd, Dagang Nexchange Bhd (DNeX), Dataprep Holdings Bhd, Scicom (MSC) Bhd, Omesti Bhd and Kumpulan Fima Bhd.

Interestingly, S5 is said to be involved in all the major bids. Besides Iris, the industry player The Edge spoke to who confirmed Iris as one of the front runners of the NIIS contract, says S5 is also involved in bids put in by MyEG and Heitech Padu.

Heitech Padu is the developer of myIMMS. While the system is obsolete, Heitech Padu should still be able to offer a better system for the NIIS, and its experience integrating all the needs of the different departments and agencies into a system should be its strength in the bid.

For the financial year ended March 31, 2020 (FY2020), Iris recorded a lower net profit of RM13.7 million, compared with RM38.3 million a year ago, although its revenue stayed flat at RM229.6 million versus RM229.2 million a year earlier.

Over the last one year, Iris’ share price has more than doubled, closing at 33 sen per share last Friday and valuing the group at RM978.9 million.

Meanwhile, MyEG closed at RM1.38 last Friday, after rising 25.45% this year, giving it a market capitalisation of RM4.784 billion.

https://www.theedgemarkets.com/article/newsbreak-iris-myeg-front-runnes-niis

Posted by Kok Heng > 2020-08-24 18:03 | Report Abuse

MYEG definitely will get the project

Posted by Investation > 2020-08-24 18:11 | Report Abuse

Hooray.

Posted by Doomdays > 2020-08-24 19:01 | Report Abuse

Myeg possibility have more higher percentage to get the project. Tomorrow this stock surely limit up.

Posted by Ahead1268 > 2020-08-24 19:31 | Report Abuse

Good if limit up later let Iris catch up. Win Win.

Posted by Hoot9ee > 2020-08-24 20:37 | Report Abuse

Gogogo rm3 hoot

Posted by alexlee06037 > 2020-08-25 01:04 | Report Abuse

Time to limit up...

Posted by smurfbee > 2020-08-25 07:23 | Report Abuse

Once the project is confirmed, MYEG will explode above RM2... glory days ahead.

Posted by MonkeyFoo > 2020-08-25 08:55 | Report Abuse

their comments are so laughable an naive............ still fantasizing 2.00 and award of contract etc

Posted by MonkeyFoo > 2020-08-25 08:56 | Report Abuse

What the hell is going on

Posted by Stockwiser > 2020-08-25 09:01 | Report Abuse

Myeg, go go go

Posted by wallstreetrookie > 2020-08-25 09:07 | Report Abuse

this counter really evil always cannot sell wtf

Posted by Witty > 2020-08-25 09:08 | Report Abuse

Rm1.5 triggered epf selling.

Posted by Besafe > 2020-08-25 09:09 | Report Abuse

Rm 1.50 sure dropped back

Posted by wallstreetrookie > 2020-08-25 09:09 | Report Abuse

stupid counter always cannot sell

Posted by wickedlion > 2020-08-25 09:10 | Report Abuse

operator is holding up....

Posted by wallstreetrookie > 2020-08-25 09:20 | Report Abuse

knn cb again cannot sell this shit happens every time when the price spikes

Posted by GordonWoo932 > 2020-08-25 09:31 | Report Abuse

buy for short term target 1.80

Posted by Value9 > 2020-08-25 09:58 | Report Abuse

uptrend sign .. very good good

Posted by Value9 > 2020-08-25 10:20 | Report Abuse

good chart myeg

Posted by Grace Loh > 2020-08-25 10:46 | Report Abuse

long time no show already

Posted by MonkeyFoo > 2020-08-25 10:52 | Report Abuse

What the hell is going on

Posted by trade533 > 2020-08-25 10:54 | Report Abuse

qr coming soon

Posted by Maxwerl Won > 2020-08-25 12:04 | Report Abuse

something is coming?

Posted by opportunity > 2020-08-25 12:55 | Report Abuse

NIIS LA OF COURSE

Posted by spchia > 2020-08-25 13:07 | Report Abuse

QR must be out this week. Hopefully can up above 1.50

Posted by CSOON 77 > 2020-08-25 14:01 | Report Abuse

Hit Double Combo QR + NIIS = GOOD

Posted by MonkeyFoo > 2020-08-25 14:59 | Report Abuse

Karex won niis

Posted by MonkeyFoo > 2020-08-25 14:59 | Report Abuse

their comments are so laughable an naive............ still fantasizing 2.00 and award of contract etc

Posted by EmperorFund > 2020-08-25 15:43 | Report Abuse

Mamy Poko once said...small poop, we can take it...but if big pop, even the best diapers wont work.

Posted by LiimInvest > 2020-08-25 16:46 | Report Abuse

Daily Technical Highlights - (MYEG, SCICOM)
Author: kiasutrader Publish date: Tue, 25 Aug 2020, 2:57 PM

My E.G. Services Bhd (Trading Buy)
• MYEG is a provider of electronic government (e-government) services with a presence in Malaysia, Philippines, Bangladesh and Indonesia.

• With annual net earnings in excess of RM100m over the past four years, the Group’s historical profit track record has been steady. After posting net profit of RM58.8m in 1QFY20, consensus is projecting MYEG’s bottomline to come in at RM262m in FY20 and RM296m in FY21. This translates to forward PERs of 19.2x this year and 17.0x next year.

• In terms of corporate developments, MYEG (together with its business partners) plans to undertake a reverse takeover exercise involving a proposed acquisition by ACE Market-listed Ancom Logistics of the entire share capital of S5 Holdings (S5, a service provider of national security solutions). MYEG currently holds a 10% stake in S5, which reportedly has emerged as a frontrunner to win the National Integrated Immigration System (NIIS) project.

• Technically speaking, MYEG’s share price – which has been consolidating since early July – is on the verge of a potential breakout from a symmetrical triangle formation. Guided by this bullish continuation pattern, we expect the stock to climb towards our resistance thresholds of RM1.59 (R1) and RM1.69 (R2). This represents upside potentials of 10% and 17%, respectively from yesterday’s closing price of RM1.45.

• Our stop loss level is pegged at RM1.32 (9% downside risk).

Posted by Besafe > 2020-08-25 17:08 | Report Abuse

Wong and his team do magic. Reached rm 1.50 sure must down back. And best part from rm 1.50 back to rm 1.45. This is how they treat the shareholders.

Posted by sharewiz118 > 2020-08-25 17:58 | Report Abuse

no show :(

Posted by icecool > 2020-08-25 19:45 | Report Abuse

no change better than negative don't bad mouth ts wong

Posted by MonkeyFoo > 2020-08-25 20:44 | Report Abuse

their comments are so laughable an naive............ still fantasizing 2.00 and award of contract etc

Posted by panjiang > 2020-08-25 20:45 | Report Abuse

just bought 1.45 ... hope results is good

Posted by MonkeyFoo > 2020-08-25 20:45 | Report Abuse

Left to right Adui Ah Wong

Posted by johnhuathuat > 2020-08-25 20:49 | Report Abuse

Ah Wong is a legend la

Posted by onionchong > 2020-08-25 20:53 | Report Abuse

kwsp continue hoot 9 e

Posted by sharewiz118 > 2020-08-25 22:40 | Report Abuse

up or no up, gonna dump this ungrateful shares

Posted by wallstreetrookie > 2020-08-25 23:04 | Report Abuse

Omg why you bought at 1.45 stupid la. You forgot how many people kena trapped?

Posted by wallstreetrookie > 2020-08-25 23:04 | Report Abuse

I bought at 0.8 only wanna get out

Posted by wae_omar > 2020-08-26 09:54 | Report Abuse

org bodo je ikut mu jual...

Posted by Value9 > 2020-08-26 10:01 | Report Abuse

power up

Posted by icecool > 2020-08-26 11:34 | Report Abuse

no market maker damn boring

Posted by Doomdays > 2020-08-26 12:16 | Report Abuse

Boring stock. Yawn

Posted by vcpmaster123 > 2020-08-26 14:42 | Report Abuse

i will be surprised if MYEG dont get the project..They have the scale and capacity to handle the project rather than the other project tender.