IRIS CORPORATION BHD

KLSE (MYR): IRIS (0010)

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Last Price

0.425

Today's Change

+0.005 (1.19%)

Day's Change

0.41 - 0.43

Trading Volume

3,885,100

Financial

Show?
Last 10 FY Result
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Revenue 371,108 371,108 371,108 348,871 210,987 106,618 229,587 229,088 340,239 437,675 476,311 522,332 -3.72%
PBT 40,380 40,380 40,380 32,840 4,136 -9,569 18,439 40,816 -131,031 -306,825 -12,192 -15,294 -
Tax -8,136 -8,136 -8,136 -10,950 -787 -3,296 -2,986 -3,309 10,747 -7,650 9,105 -8,404 -0.35%
NP 32,244 32,244 32,244 21,890 3,349 -12,865 15,453 37,507 -120,284 -314,475 -3,087 -23,698 -
-
NP to SH 32,247 32,247 32,247 21,900 3,356 -11,021 13,712 38,259 -121,753 -292,140 6,052 -20,892 -
-
Tax Rate 20.15% 20.15% 20.15% 33.34% 19.03% - 16.19% 8.11% - - - - -
Total Cost 338,864 338,864 338,864 326,981 207,638 119,483 214,134 191,581 460,523 752,150 479,398 546,030 -5.15%
-
Net Worth 379,394 379,394 379,394 347,173 315,965 305,872 286,246 251,316 191,044 286,556 539,423 546,454 -3.96%
Dividend
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Div - - - - - - - - - - - - -
Div Payout % - - - - - - - - - - - - -
Equity
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Net Worth 379,394 379,394 379,394 347,173 315,965 305,872 286,246 251,316 191,044 286,556 539,423 546,454 -3.96%
NOSH 815,727 815,727 815,727 3,262,910 3,262,910 3,116,282 2,966,282 2,966,282 2,471,902 2,247,000 2,037,096 2,039,009 -9.66%
Ratio Analysis
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
NP Margin 8.69% 8.69% 8.69% 6.27% 1.59% -12.07% 6.73% 16.37% -35.35% -71.85% -0.65% -4.54% -
ROE 8.50% 8.50% 8.50% 6.31% 1.06% -3.60% 4.79% 15.22% -63.73% -101.95% 1.12% -3.82% -
Per Share
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 45.49 45.49 45.49 10.69 6.66 3.56 7.74 8.38 14.11 19.58 23.38 25.62 6.58%
EPS 3.95 3.95 3.95 0.67 0.11 -0.37 0.46 1.40 -5.05 -13.00 0.30 -1.02 -
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.4651 0.4651 0.4651 0.1064 0.0997 0.102 0.0965 0.0919 0.0792 0.1282 0.2648 0.268 6.31%
Adjusted Per Share Value based on latest NOSH - 815,727
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
RPS 45.49 45.49 45.49 42.77 25.86 13.07 28.15 28.08 41.71 53.65 58.39 64.03 -3.72%
EPS 3.95 3.95 3.95 2.68 0.41 -1.35 1.68 4.69 -14.93 -35.81 0.74 -2.56 -
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.4651 0.4651 0.4651 0.4256 0.3873 0.375 0.3509 0.3081 0.2342 0.3513 0.6613 0.6699 -3.96%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 29/03/24 29/03/24 29/03/24 31/03/23 31/03/22 31/03/21 31/03/20 29/03/19 30/03/18 31/03/17 31/03/16 31/03/15 -
Price 0.32 0.32 0.32 0.095 0.185 0.33 0.08 0.15 0.19 0.15 0.16 0.31 -
P/RPS 0.70 0.70 0.70 0.89 2.78 9.28 1.03 1.79 1.35 0.77 0.68 1.21 -5.89%
P/EPS 8.09 8.09 8.09 14.15 174.70 -89.79 17.31 10.72 -3.76 -1.15 53.86 -30.26 -
EY 12.35 12.35 12.35 7.07 0.57 -1.11 5.78 9.33 -26.57 -87.13 1.86 -3.31 -
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 0.69 0.69 0.69 0.89 1.86 3.24 0.83 1.63 2.40 1.17 0.60 1.16 -5.60%
Price Multiplier on Announcement Date
AQR T4Q 31/03/24 31/03/23 31/03/22 31/03/21 31/03/20 31/03/19 31/03/18 31/03/17 31/03/16 31/03/15 CAGR
Date 20/05/24 20/05/24 20/05/24 29/05/23 27/05/22 28/06/21 26/06/20 31/05/19 28/05/18 31/05/17 30/05/16 09/07/15 -
Price 0.35 0.35 0.35 0.095 0.165 0.24 0.165 0.165 0.125 0.165 0.155 0.235 -
P/RPS 0.77 0.77 0.77 0.89 2.48 6.75 2.13 1.97 0.89 0.84 0.66 0.92 -1.95%
P/EPS 8.85 8.85 8.85 14.15 155.81 -65.30 35.69 11.79 -2.48 -1.26 52.17 -22.94 -
EY 11.29 11.29 11.29 7.07 0.64 -1.53 2.80 8.48 -40.38 -79.21 1.92 -4.36 -
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 0.75 0.75 0.75 0.89 1.65 2.35 1.71 1.80 1.58 1.29 0.59 0.88 -1.75%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
76 people like this. Showing 50 of 45,554 comments

hhhiii123

Big announcements soon?

2 weeks ago

CoolBull

interesting developments🤔🧐

2 weeks ago

CoolBull

very very very useful info from mr laulau too, great stuff💕🩶, man

2 weeks ago

laulau

A Star Is Born!
Meanwhile, two companies related to Tan have appointed Farhash to their board of directors.
They are Berjaya Construction Bhd, the construction arm of Berjaya Land Bhd. and 7-Eleven Malaysia Holdings Bhd.
In the case of 7-Eleven, Farhash also replaced Tan’s son Datuk Seri Robin Tan Yeong Ching as chairman on Jan 3, 2023.
This, of course, does not include his ownership in other listed companies like Theta Edge Bhd, the shortlisted bidder for Niise. JV between Theta & Iris comes with mutual benefits?
https://www.thestar.com.my/business/business-news/2024/03/23/a-new-star-on-the-horizon

1 week ago

laulau

HTPadu withdraws from Niise to allows Theta & Iris JV the edge? Looks like another Pestech in the making?

1 week ago

laulau

Remember Pestech Aerotrain contract termination? Government is good at backtracking as Pestech is currently back on Aerotrain Project in JV with IJM. Iris substantial shareholder Dato' Robin's father is TSVT who enjoys good relationship & lobby with present Govt & Royalty?
https://www.freemalaysiatoday.com/category/nation/2024/01/19/no-govt-interference-says-loke-as-pestech-back-in-aerotrain-project/

1 week ago

speakup

Apa cerita iris? Can still buy?

1 week ago

moneykj

Apa macam saya punya Iris

1 week ago

jocteh

Got news that Theta jv with Iris for NIISE? pls post here :}

1 week ago

CoolBull

good👍 show by iris today

1 week ago

laulau

Not much profit taking is a very positive sign of Market confidence on Iris financial performance. Accumulate on any weakness as Operator is collecting from weak holders before foreign funds comes!
https://www.nst.com.my/business/corporate/2024/06/1060413/bursa-malaysia-opens-higher-positive-sentiment-and-foreign

1 week ago

laulau

No news! is good news! Iris Boleh! Nothing is impossible in Bolehland! Let's ride the waves together. If Notion Vtec can shoot from 29.5 sen to 1.62 only on DC! Nothing can stop Iris with Nta of 47 sen to limit up from 43 sen to 1.70 with Theta? Iris already reached 43 sen, soft target is 50 sen followed by 60~1.70 once news of Theta Iris collaboration is out! Dato' Robin & Farhash is happy with Government Institutional support like Tabung Haji, Johor Corporation and Foreign Funds already here!

1 week ago

laulau

Yes! Once resistance 44 sen is broken we should visit 50 sen soon?
* Note: Most substantial shareholders cost price is around 44 sen (i.e. 11 X 4 sen)

1 week ago

richie9966

value for money

1 week ago

hhhiii123

something must be brewing, big announcement?

1 week ago

laulau

Yes! Let's do another Breakout!

RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of another breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher as already visited 0.44 Sen!. Soft target is 0.50 followed by 0.60 & beyond is still on track!

1 week ago

45AMG

no volume coming...

1 week ago

laulau

Volume will come when you least expect it! Accumulate on any weakness as Foreign Funds looking to invest will come. Iris has done a good job so far.

Foreign funds are coming!
https://www.nst.com.my/business/corporate/2024/06/1061997/foreign-investors-pumped-rm7b-malaysian-equities-debt-securities

1 week ago

laulau

Operator is currently accumulating Iris at 44 sen since Nta 46.5 sen, is value for money. In actual fact, you are paying Iris worth 1.76 for only 44 sen, so there is room for more upside. When price reach 50 sen, you are acquiring Iris worth RM2. At 60 sen, Iris is worth RM2.40 and so on. For long time shareholders, it makes sense to follow Operator to average down before the next pump?
RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of another breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher as already visited 0.44 Sen!. Soft target is 0.50 followed by 0.60 & beyond is still on track!

1 week ago

VincentTang

Took profit on Iris to buy more FPHB

1 week ago

VincentTang

All stock can miss but cannot miss FPHB.

1 week ago

laulau

Today will be a good day for Bursa! Iris will benefit for Singapore-Johore Economic Zone & Johor based DC Hubs with completion of successful visit by Singapore PM yesterday.
https://www.nst.com.my/business/economy/2024/06/1062900/sp-500-nasdaq-records-despite-fed-seeing-fewer-rate-cuts-2024

RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of another breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher as already visited 0.44 Sen!. Soft target is 0.50 followed by 0.60 & beyond is still on track!

6 days ago

Konnichiwa

"you are paying Iris worth 1.76 for only 44 sen, so there is room for more upside. When price reach 50 sen, you are acquiring Iris worth RM2. At 60 sen, Iris is worth RM2.40 and so on"

laulau, do you understand what are you saying or not? LOL

6 days ago

skyjet

Sell all IRIS to buy CHEETAH.

6 days ago

laulau

If you look at Share Price vs Fair Value & What is the Fair Price of IRIS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Using this DCF model Iris is 80.8% Undervalued! as current share price only 0.42 when it's fair value is RM2.19!

Just tell me what you don't understand???

Konnichiwa

"you are paying Iris worth 1.76 for only 44 sen, so there is room for more upside. When price reach 50 sen, you are acquiring Iris worth RM2. At 60 sen, Iris is worth RM2.40 and so on"

laulau, do you understand what are you saying or not? LOL

6 days ago

laulau

Don't miss the Show! Accumulate on any weakness! Iris will be a beneficiary of Technology & DC play, if Iris announce any collaboration with Theta since common shareholders like Dato' Robin & Farsha in Iris & Theta? Another Breakout is waiting to happen since Market is very Bullish?

https://www.thestar.com.my/business/business-news/2024/06/13/bursa-malaysia-opens-higher-boosted-by-strong-wall-street

6 days ago

Konnichiwa

Probably I never heard that share price could affect the DCF valuation, perhaps you may enlighten me your calculations. I could be wrong.

However, goodwill on trusted identification (main business of IRIS) using the same DCF valuation you mentioned consecutively recorded impairment loss in recent two years. This is not a good sign indicating poorer future cash flow in the prospect. This is audited figure, cant deny on this.

There are good sides of IRIS too. Example, the oversea customers collection especially Africa is risky but it managed to collect advance payment to minimise the credit risk. Q4 result is good without NIISE, cost management is doing great job, just that the lower revenue is a would be bit of concern.

All is fine but I think you are trying too hard to promote.

6 days ago

laulau

Thanks for your additional positive inputs & concerns on Iris. We are only sharing knowledge & analysis at KLSE Forum for the benefit of current & future investors to make an informed decision since Iris Mgt has been strangely quiet on these?. Here are the updated Key Takeaways On Iris so far:

#Iris currently has a very good return of 3.95 sen over present market price, with more than 10% returns.
#Iris Mgt has also performed a good Share Consolidation with Share Capital adjustment (Capital reduction pursuant to Section 116 of the Companies Act 2016 where retained earning of 610,759k was used to offset Accumulated losses (430,000k), resulting in a gain of 180,759k in the Balance Sheet. Cash flow has also improved by 135%, with cash & cash equivalents increasing from 104,801k to 142,029k.
#Iris is still a profitable business even without income from Niise. Refer latest 4th Qtr. & 12 months ended 31 March, 2024 results.
#Arbitration is ongoing with Government to negotiate the quantum of compensation for Iris due to unilateral termination of Niise Contract.
#Iris has good chance on winning the Niise Arbitration Award from Government of at least RM231.5 million or more?
*Note: Awantec has won a suit against the Government for the unilateral termination of Sistem Kawalan Imigresen Nasional (SKIN) project the predecessor of Niise with an award of RM231.5 million.
https://www.nst.com.my/business/corporate/2024/03/1025629/kl-high-court-orders-government-pay-awantec-rm2315mil-terminating

RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of a breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher than current price of 0.42 when it's Fair Value is actually RM2.19 base on DCF model calculation provided by Analysts. TP 0.60 & beyond is still on track!

5 days ago

Konnichiwa

I still don’t understand your DCF valuation of RM2.19. This stock is not covered by any research house, no valuation was published. How do you get RM2.19???

I thought you wanted to share your calculations?

5 days ago

BLee

“laulau
Thanks for your additional positive inputs & concerns on Iris. We are only sharing knowledge & analysis at KLSE Forum for the benefit of current & future investors to make an informed decision since Iris Mgt has been strangely quiet on these?.”

Good write-up and recommendations..
‘- Just asking, the statement “retained earning of 610,759k was used to offset Accumulated losses (430,000k),”, is it contradictory as it can only have one in accounting as gaining or losing, not both??
‘- We cannot compare apple with orange as SKIN contract value is much much higher, so the statement “#Iris has good chance on winning the Niise Arbitration Award from Government of at least RM231.5 million or more?” cannot be compared.. and the termination, is it unilateral? Another point, Iris being sued by “Tec D is claiming for an outstanding sum of RM30,139,098.87 together with late payment interest of RM993,951.66 as at 7 November 2023 (“Outstanding Sum”) in relation to the supply of computer hardware and/or software and/or programs and/or services (“the Supplies”) for the National Integrated Immigration System (NIISe) project by the Ministry of Home Affairs, Malaysia (“NIISe Project”). The NIISe Project was awarded to IITS on 29 January 2021 and, subsequently, the contract for the NIISe Project was terminated by the Ministry of Home Affairs on 10 August 2023.”, therefore any arbitration gain will need to pay for any others owing??

Anyway, I will hold my Iris investment tightly as it is the pioneer for many World first and patent..
Link: https://www.iris.com.my/wp-content/uploads/2020/11/IRIS-CORPORATE-PROFILE-2020.pdf

Happy Trading and TradeAtYourOwnRisk

5 days ago

sheep

game over.. went up from 30sen..bochow ccccc ar...
buy back at 0.30-0.33...wakakakaka

5 days ago

sheep

when they ask you to hold means...they sell you hold...you kena goreng...wakaka

5 days ago

laulau

@BLee thanks for your vote of confidence on Iris
@Konnichiwa Can't post the link directly on Iris DCF Valuation of RM2.19 and Use of Retained Earnings to Offset Accumulated Losses (maybe special case for Iris as need a Court Order approval during consolidation process?) as blocked by KLSE Forum for some reason? However Google is our friend, just search for Iris Sxmply Wall Street for the complete analysis on Iris. *Note remember to change x with i for Sxmply after Iris to get around this block

Happy Trading Friends & Gentleman

5 days ago

VincentTang

Go buy FPHB and Cheetah. The next booming stock.

5 days ago

Bettyem

美国股市上涨 纳指及标普指数收盘创新高!
https://www.enanyang.my/node/609486

1 day ago

laulau

Will Iris venture back into property development for Data Centers with China Developer under Economic & Trade Cooperation Program & BRICS?

Malaysia-China have agreed to implement the second stage of an economic and trade cooperation programme, Tengku Zafrul Aziz said. The programme was first signed in 2013.

"This initiative will further deepen linkages between our industries in priority sectors like high-level manufacturing, digital economy, robotics, entrepreneur development, innovation and startup, as well as R&D (research and development) in agriculture and primary industries," Tengku Zafrul said in a speech at the launch of a Chery assembly plant in Malaysia.

During Li's visit to Malaysia from June 18 to 20, the countries will also sign two memoranda of understanding related to digital economy and green development, Tengku Zafrul added.

https://www.nst.com.my/business/corporate/2024/06/1065033/malaysia-china-renew-5-year-economic-cooperation-agreement

1 day ago

laulau

MOU on housing, urban planning, smart cities to be inked with China, says Nga

TheEdge Tue, Jun 18, 2024 02:37pm
https://www.klsescreener.com/v2/news/view/1343755

1 day ago

flytothemoon

lau lau, why you always share article and news that none related at all one? all use imagination to link them with iris >.<

1 day ago

laulau

Substantial shareholder of Iris Robin Tan, good relationship with PMX & DPM2?

https://thesun.my/local-news/berjaya-group-donates-rm2m-to-palestine-fund-NC11648476

1 day ago

Konnichiwa

Lol he doesnt care if the info/ news are related.

1 day ago

laulau

Does it? Tech & DC Rally on the Way! Remember many Sharks who sold short wants to Buyback your shares cheap!

RECOMMENDATION:
Take advantage of current Technology & DC connected stock play. Collect Iris as much as possible on any weakness, as Iris is on the verge of a breakout! Don't let sharks collect cheap from stale bulls & weak holders. For retailers with paper loss, now is the best time to average down Iris with minimum risk. With a clean Balance Sheet, good Cash Position, Little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher than current price of 0.42 when it's Fair Value is actually RM2.19 base on DCF model calculation provided by Analysts. TP 0.60 & beyond is still on track!

1 day ago

flytothemoon

means when news say government wanna buy underwear, and then laulau think iris worker all wear underwear also, so huat liao iris! they are related!

1 day ago

laulau

A long green candle means Iris is Bullish! Even sharks are restless? Can we revisit 0.44 on the journey to 0.60 or higher?

1 day ago

Konnichiwa

He probably got his KPI to meet but his creativity impressed me to be honest.

1 day ago

laulau

Don't have to shoot the messenger. It's better to grab the remaining cheap stock. More upside tomorrow!

1 day ago

laulau

Dr. Poh and substantial shareholder Dato' Sri Robin could take a leaf from TSVT to Strike the Iron while it's hot to announce strategic alliances & collaboration for e-passport, automated border control (ABC) and attendance & security management solutions (ASMS) for Government & Data Centers with Chinese partners under Belt and Road cooperation network for Iris during Premier Li's visit to Malaysia?

China ready to work with Malaysia, to build a China-Malaysia community — Premier Li Qiang

By Bernama / Bernama

18 Jun 2024
https://theedgemalaysia.com/node/715869
https://www.enanyang.my/node/609629

21 hours ago

laulau

Morning Friends & Gentleman. Bursa is Bullish for Tech & DC stocks & so is Dow Jones. Accumulate Iris on weakness. Once we revisit 0.44, immediate TP 0.50 followed by 0.60 and above!

18 hours ago

flytothemoon

no roadblock? lol

17 hours ago

flytothemoon

aiyo, dont talk something then delete the msg la, so shameful

16 hours ago

laulau

Thanks for the bump! No need to be personal. No roadblocks or selling pressure either. Accumulate on any weakness and we wait for the rebound. :)

16 hours ago

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