IRIS CORPORATION BHD
KLSE (MYR): IRIS (0010)
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Last Price
0.10
Today's Change
0.00 (0.00%)
Day's Change
0.10 - 0.105
Trading Volume
2,494,400
Additional Listing
| Ann. Date | Date | Type | Units | Price | View |
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Discussions
76 people like this. Showing 50 of 45,430 comments
Bad news they are going to face more cash flow issue and myeg will continue to intact until 2026 .
1 week ago
@justinyeoh:>Bad news they are going to face more cash flow issue and myeg will continue to intact until 2026.
BLee: Quite true as one more year added to the contract; profit if any will be spread out further. I think that is the reason 80% of the contract/holder was encashed to raise $ for further project financing. Judging from the few good news recently, the sale of this 80% should go through.
Hope no more hindrance, TradeAtYourOwnRisk..
1 week ago
Glad to hear NIISE contract extended that means govt did not find any wrong doing in awarding the contract.
1 week ago
Sorry, just stating the obvious: Since the gov extended the contract by 1 year, this not only means that the contract was correctly awarded but also the delay was reasonably for whatever the reason. It seems very reasonable the delay was due to various covid-related interruptions.
1 week ago
Previously the govt said will announce investigation into NIISE contract awarding allegations by end Apr? If the govt did not find any wrongdoing, they should issue an official statement on the conclusion. Did they?
1 week ago
myeg down bcuz of niise.. then iris down bcuz of niise-midin-macc.. now will iris rise up back?
1 week ago
Qtr result so be quite well, iris should be a growing company, most likely the current price is super undervalue
1 week ago
CyrusQ
Daily88
ther 12c q sell toooo great!
# Whats keep you waiting .... Kill all 12c
better wait than sorry. the NIISE project only extend to 1 year. cancellation of the project is still possible according to the news.
1 week ago
The media been buzzing in on IRIS as of late. I could see why. KDN' approval of IRIS's reengagement in the NIISE contractual obligation will bring upsize of share gain for both IRIS and Tass Tech. I am keen to see how that would reflect to a gargantuan size gain in accord to its Share Price RFL in the coming weeks to months timeframe.
5 days ago
Sharing it for self-referencing purposes;
https://klse.i3investor.com/web/cube/blog/blposts/abbeyiris2952023/CalculatingAbbey
5 days ago
Wow... Let s see who is back :)
This Qr can view from some added points. First, negative cash flow implies company not well manage cost and receivables and second
4 days ago
Iris Qr, without taking much progress in NIISE can achieve this kind of revenue from card and security paper oversea. Is a matter on long term how the company can manage their cost effectively
4 days ago
@investgaogao Bingo. If the company are too dependent on NIISE, the QR would have reflected a more dovish tone comparatively. I am still a bull on IRIS prospect in the interim and into its future. I don't mind holding onto my little ride at 0.10cts.
4 days ago
Just want to share my last week experience of clearing immigration at Melbourne. I just inserted my passport into the auto gate and keyed in a few answers, and it printed out a small slip which i took to the custom, and the clearance was easy (I carried no plant or fruit). Thank you IRIS, as the 1st inventor of e-passport!
When IRIS won the NIISE, it went up to about 40sen. Well, now contract no issue, so why it can't recover back to at least >25sen? Topping up and waiting :)
4 days ago
@Peace Sipping on my home made machiato while gazing with a smile knowing fully that people who knows, knows. Wishing you a success in realizing gains in IRIS.
4 days ago
It's nice of operator to set a Bear Trap for pessimists yesterday but after Iris's profit announcement it's unsustainable in light of NIISE Contract extension by Government to 31 August 2026. Buy at 0.1/0.105 before it's gone. Looks like a Merdeka Rally odw?...
Highest price 0.425
Resistant 0.30
Resistant 0.25
Resistance 0.20
Resistant 0.18
Resistant 0.165
Resistant 0.125
Price 0.1/0.105
Support 0.09
4 days ago
@CalculatingAbbey Thank you. I believe the payoff will come. Am enjoying my moka pot coffee too. One more piece of info: The average private placement is 23sen.
4 days ago
Govt Plays NIIse by extending Contact but will Iris Fly?
With another positive Qtr. Profit of 5.97 million on a Turnover of RM86 million. A 629% increase Y on Y!
Let's Recap
"News of Iris getting to kick start the billion ringgit Immigration system project after much delays, sent the counter flying high.
The counter started to be actively traded after Immigration Department Director General Datuk Seri Khairul Dzaimee Daud said the Home Ministry had set aside RM900 million for the roll-out of the National Integrated Immigration System (NIISe) in two years.
He said the new system is expected to be a game changer that would improve the department's efficiency and customer experience.
NIISe, which is currently developed by Iris Corp Bhd, will replace the current Malaysian Immigration System (myIMMS) that the department has been using for about 13 years.
It will converge all immigration transactions, including passport renewals, visa applications, applications and renewals of permits for foreign workers.
Understandably, any statement from the relevant government would have caused much excitement given the uncertainties surrounding the project.
Well, Iris won the Niise project a couple of years back with a bid value of some RM1.2 billion.
And now in May, government has decided to go ahead with Niise. Will the Bears go away & replaced with Bulls in this Niise Saga?
There is no denying that with Iris finally given the mandate to proceed with NIISe, this will be a major boost to the company.
The company has been on the mend, charting commendable results in 3Q ended Dec 31, 2002.
Its net profit more than doubled to RM7.5 million in 3QFY23 from RM3.2 million a year ago.
Revenue grew to RM87.2 million from RM72.4 million.
The higher revenue in this financial quarter is mainly due to higher delivery of cards and epassports for overseas projects.
It also recognised revenue from an existing domestic project in the quarter just ended.
So far, nothing has been set in stone but the interests in the counter are mostly based on the rumours surrounding NIISe.
It may be another rollercoaster ride for investors looking for a ride with Iris."
4 days ago
IRIS Corporation Berhad (KLSE:IRIS) Full Year 2023 Results
Key Financial Results
Revenue: RM348.9m (up 65% from FY 2022).
Net income: RM21.9m (up by RM18.5m from FY 2022).
Profit margin: 6.3% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue.
EPS: RM0.007 (up from RM0.001 in FY 2022).
3 days ago
Sell next month below 8sen. When you're forced to sell 80% of a lucrative contract.. What does that tells you? Especially when all our eyes are on the issue?
3 days ago
@Sheep Username checks out. Did they rely on the contract for upsize gain in the most recent QR released? I bet you like fake news channels more than the truth.
3 days ago
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