IRIS CORPORATION BHD

KLSE (MYR): IRIS (0010)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.33

Today's Change

-0.005 (1.49%)

Day's Change

0.33 - 0.335

Trading Volume

1,339,200

Company warrants are issued by the company and give the holders the right, but not an obligation, to subscribe for new ordinary shares at a specified price during a specified period of time.

Structured warrants are proprietary instruments issued by a third-party issuer, namely an eligible broker or financial institution that give holders the right, but not the obligation, to buy (call warrants) or sell (put warrant) the underlying instrument in the future for a fixed price.

A call warrant is in-the-money when the exercise price is lower than the price of the underlying share.

A put warrant is in-the-money when the underlying share price is lower than the exercise price.

No result.

Discussions
76 people like this. Showing 50 of 45,497 comments

greatbattles

so i guess the sale of the subsidiary wont happen as well?

2023-08-15 10:59

GoldenBull66

Wow. Able to sustain. Let's see when they going to default debts

2023-08-15 11:36

hhhiii123

Ph just lose court case against maiyuddhin, very high chance they will lose court case from IRis also,wakaka,

2023-08-15 12:12

rainman777

Hahahaha mau short cut pergi pasang cable tengok sudah ada problem besar, Wakaka

2023-08-15 12:16

hhhiii123

So sad, hope it is another aax, else can only wait many years...

2023-08-15 19:13

GoldenBull66

Only hope they don't default debts. If yes there would fall into PN17 and risk delisting. They very obvious struggling with debts and cash flow issue. Now without 70 cash from sale of the company that got the Project. That is huge blow

2023-08-15 21:47

speakup

???? apa slander ni? iris has net cash of rm90 mil! Net cash = cash less off liabilities

2023-08-16 07:29

GoldenBull66

So with so healthy balance sheet, why need to sell 80% of the NIISe for just 70m? Now without this 70m, without the project, all the expenditure spent on this project, how big the impact on their cash flow? Not to mention the court case against government would be burning money too

2023-08-16 10:12

xiaogumin88

PN17 soon

2023-08-17 11:01

flytothemoon

no money ma private placement lo, every year also doing that way

2023-08-17 17:02

haziqaz

KDN tamatkan kontrak Iris sekat Mafia Korporat ambil alih Projek NIISe Jabatan Imigresen?

https://thecorporate-secrets.com/blog/2023/08/23/kdn-tamatkan-kontrak-iris-sekat-mafia-korporat-ambil-alih-projek-niise-jabatan-imigresen/

2023-08-23 14:52

hhhiii123

Wo, Dr poh promotion, can he save iris from losing government contract, hmm

2023-08-30 18:24

dem777

Con counter to generate cash for political survival

2023-09-24 01:18

Good123

iris dan kes political biz PN sampai ke mahkamah kan? bila dibicara ya?

2023-10-06 15:44

whistlebower99

FOR NEWBIES

IRIS CORPORATION BERHAD ("IRIS" OR THE "COMPANY")

(I) CAPITAL REDUCTION; AND

(II) SHARE CONSOLIDATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the Company's announcements dated 14 July 2023, 25 July 2023, 28 August 2023, 29 August 2023 and 20 September 2023 in relation to the Proposals. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.

On behalf of the Board, RHB Investment Bank wishes to announce that the Company, had, via its legal counsel, filed an application to the High Court of Malaya in relation to the Capital Reduction pursuant to Section 116 of the Act.

This announcement is dated 14 November 2023.

==============
Be aware of on-going activities

NOSH = 3,262,910,862

https://www.klsescreener.com/v2/stocks/view/0010/iris-corporation-berhad

==============
(i) proposed reduction of the issued share capital of IRIS pursuant to Section 116 of the Companies Act, 2016 ("Proposed Capital Reduction"); and

(ii) proposed consolidation of every 4 existing ordinary shares in IRIS ("IRIS Share(s)") into 1 IRIS Share upon completion of the Proposed Capital Reduction ("Proposed Share Consolidation").

Further details of the Proposals are set out in the attachment below.

This announcement is dated 14 July 2023.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3369371

2023-11-16 10:06

koyokui

Buy quarter report profit

2023-11-17 18:31

anisbin

Iris is suing ...

2023-11-24 19:04

faizal959

MIMOS and IRIS have collaborated on various projects, such as the development of the Malaysian passport, the electronic national identity card, and the biometric verification system. MIMOS get 80M to expedite MYDigital ID. you think iris will not get benefit?
iris will do capital reduction to pay all their debt. then do share consolidation. look at AAX they did it similar thing

2023-12-09 13:48

DatoSulaiman

Ada berita baik kah?

2023-12-18 09:38

carimakan

berita baik xde lagi.. berita ramai yg kena game ada la.. nanya pak karim

2024-01-19 16:10

koyokui

Gonna break .09 insyaallah

2024-02-07 21:20

Bull13

The Edge say more than 10 companies bidding for NIISE project. Who are the shortlisted ones??

2024-02-20 10:14

witan

Very likely Iris get compensation from government

Govt ordered to pay RM231.55m in damages to Awantec over termination of RM3.5b SKIN project

https://theedgemalaysia.com/node/704578

2 months ago

Ganesan60

Hi anyone can advice on iris going consolidation..wts the rate after considition pls?

2 months ago

sitia

consolidation of Iris : 1.0000 : 4.0000, effective 22nd March 2024

2 months ago

sitia

based on 7.5c x 4 = 30c new consolidated price after.

2 months ago

posby

operator still sleeping

2 months ago

serikaya

selepas 24.3 harga everage lama anda kalikan 4 baru profit

2 months ago

flytothemoon

consolidate to 0.3 so it can continue fall to 0.09 and then consolidate again?ūüėÖ

2 months ago

cybermen35

What is the objective of ths consolidation ?

2 months ago

speakup

To trap ikan bilis to sell lor
Imagine u bought 15sen long time ago. Then suddenly now u see 32sen. First thing u will do is fast fast sell all cos u thought u doubled your money.

2 months ago

speakup

But in actually fact u lose 50%

2 months ago

Michael Kwok

Buy call 33.5 cents
Please consider early april
Support 28 cents not break many times
Tp 50 cents range in 6 month time.Provided no right issues before 6 month(Tp 50 cents range)
22/3/24 6.04pm

2 months ago

Rose001

why keep going down :(

1 month ago

hhhiii123

Need dividend, too bad no goreng at all

1 month ago

flytothemoon

lol, like what i said, consolidate to 0.3 so it can continue fall to 0.09 and then consolidate again

1 month ago

speakup

guarantee no limit up

1 month ago

hhhiii123

Malaysia government abondon Iris, while blue chip giant collaborate with Iris in Sinpgaore, so sacastic, Madani Malaysia haha

1 month ago

laulau

Iris The Dawn of a new Beginning?

Founded in 1994, IRIS Corporation Berhad (ACE Market: IRIS) is an MSC-status technology innovator and leading provider of Trusted Identification (ID) products and solutions for Business, Data centers & Government in Malaysia, the Asia Pacific, Oceania, Africa, and North America. Backed by a team committed to delivering innovation, designed the world's first ePassport for the Government of Malaysia in March 1998.

IRIS provides total end-to-end solutions for electronic Passport and electronic Identification system for high security needs of Data Centers & Government. Some of the products are Passport Inlays, e-Passport Readers, Smart Cards, Smart Card readers, Biometric scanners, Electronic Ticketing System and Automated Border Access Control System

Currently, IRIS has been exported to many countries such as Bahrain , Indonesia , New Zealand , Syria , Thailand , Turkey , United Arab Emirates and United States of America.

IRIS Berhad has a total shareholder equity of MYR373.2M and total debt of MYR7.5M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are MYR651.2M and MYR278.0M respectively. IRIS Berhad's EBIT is MYR40.5M making its interest coverage ratio -11. It has cash and short-term investments of MYR129.0M.

#Third quarter 2024 earnings released: EPS: RM0.003 (vs RM0.002 in 3Q 2023)
Feb 28
#Second quarter 2024 earnings released: EPS: RM0.002 (vs RM0.002 in 2Q 2023)
Nov 19
#IRIS Corporation Berhad Announces Re-Designation of Poh Soon Sim, Executive Deputy Chairman as Executive Chairman
Sep 01
#First quarter 2024 earnings released: EPS: RM0.003 (vs RM0.001 in 1Q 2023)

#Short Term Liabilities: IRIS's short term assets (MYR455.0M) exceed its short term liabilities (MYR267.5M).
#Long Term Liabilities: IRIS's short term assets (MYR455.0M) exceed its long term liabilities (MYR10.5M).

Below Fair Value: IRIS (MYR0.34) is trading below our estimate of fair value (MYR6.32)

Significantly Below Fair Value: IRIS is trading below fair value by more than 20%.

Price-To-Earnings vs Peers: IRIS is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (37.7x).

Debt Level: IRIS has more cash than its total debt.

Reducing Debt: IRIS's debt to equity ratio has reduced from 61.2% to 2% over the past 5 years.

Debt Coverage: IRIS's debt is well covered by operating cash flow (540.5%).

Interest Coverage: IRIS earns more interest than it pays, so coverage of interest payments is not a concern.

Recommendation:
Take advantage of curent Market Play on Technology & Data Center connected stocks! Buy Iris while still cheap before expected profitable Qtr. is out! Current price only 34 sen, once it breaks 36 sen. It is expected to fly! Swim with the Sharks as Market Operators can be seen quietly accumulating Iris. TP60 sen and beyond!

6 days ago

laulau

Refer Tradingview for latest market information on Iris with link below:
https://www.tradingview.com/symbols/MYX-IRIS/

6 days ago

posby

Yes.. now is tech wind ..
And recently alot of counter transferring to Main Market.

5 days ago

hhhiii123

Hope can break 60 cens, I still paper loss on ti's counter lol

4 days ago

laulau

IRIS Malaysia 4th-Quarter 2024 & 12 months ended March 31, 2024 Earnings Summary Table
May 20, 2024 17:48 GMT+8
IRIS (0010.KU) - Malaysia
(4th) quarter ended Mar 31, 2024
Figures Are In Ringgit (MYR).
Revenue 46,137,000
PreTax Profit 5,077,000
Net Profit 4,319,000
Earnings Per Share 0.53 Sen
NTA Per Share 0.4651

12 months ended Mar 31, 2024
Revenue 371,108,000
PreTax Profit 40,380,000
Net Profit 32,247,000
Earnings Per Share 3.95 Sen
https://www.tradingview.com/news/DJN_DN20240520002557:0/

RECOMMENDATION:
Take advantage of current Tech & DC connected stock play. Collect Iris as much as possible on any weakness as Iris is on the verge of a breakout! With a clean Balance Sheet, good cash position & little debts & NTA of 0.4651 per share, Iris is well positioned to move higher once 0.36 is broken. Iris is still a profitable business even without income from Niise. Refer latest 4th Qtr. & 12 months ended 31 March, 2024 results. TP 0.60 & beyond is still on track!

Technical Summary from Tradingview also Recommended a Strong Buy! Refer link below:
https://www.tradingview.com/symbols/MYX-IRIS/

4 days ago

laulau

(Updated Wesak Holiday Reading)

Who is IRIS?
Iris is still a profitable company with PE of 8.84 as compared to peer average of 37.7x even without Niise. With a clean Balance Sheet, good Cash Position & little Debts & NTA of 0.4651 per share, Iris is well positioned to move higher once 0.36 is broken.
Recommendation: Benefit from First Mover advantage on this hidden gem! Accumulate IRIS while still cheap and we wait for the Breakout coming anytime now before Market & Foreign Funds comes!

#Price-To-Earnings vs Peers: IRIS is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (37.7x).
#Debt Level: IRIS has more cash than its total debt.
#Reducing Debt: IRIS's debt to equity ratio has reduced from 61.2% to 2% over the past 5 years.
#Debt Coverage: IRIS's debt is well covered by operating cash flow (540.5%).
#Interest Coverage: IRIS earns more interest than it pays, so coverage of interest payments is not a concern.

Refer link for latest info:
https://www.tradingview.com/symbols/MYX-IRIS/

IRIS Corporation Berhad, a technology integrator and innovator with Innovative, Relevant, Intelligent & Secure solutions for trusted identification, has over 25 years of experience in developing ePassports and multi-application eID cards.

From manufacturing smart cards and identity documents to the devices required to authenticate them, to designing the world’s first ePassport and multi-application national eID card, we are adding trust, simplicity and value to a growing portfolio of discerning clients in 34 countries across the globe.

PRODUCTS & SOLUTIONS
Government
ID Solution
Passport Solution
eVisa Solution
Border Control Solution
Digital ID Solution
Smart Kiosks
Secure Document Solution

Enterprise including Data Centers
Smart Card Solution
Secure Document Solution
Smart Devices
Smart Kiosks
https://www.iris.com.my/smart-card-reader-devices/

2 days ago

BLee

‚Äúlaulau > IRIS Malaysia 4th-Quarter 2024 & 12 months ended March 31, 2024 Earnings Summary Table‚Ķ12 months ended Mar 31, 2024 Revenue 371,108,000 PreTax Profit 40,380,000 Net Profit 32,247,000 Earnings Per Share 3.95 Sen..‚ÄĚ

Yes, very good return of 3.95 sen over present market price, more than 10% return. Another point, good Consolidation with account adjustment. Share capital adjustment ( Capital reduction pursuant to Section 116 of the Companies Act 2016 (430,000k) ) to 180,759k from 610,759k seeing Retained Earnings/(Accumulated losses) to positive 169,400k from negative (293,828k). Cash flow also improved: CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD, 142,029k from 104,801k.
Happy Wesak for those who celebrate, and Happy Holiday to the rest.. Iris is/was one of my big winners during the National Integrated Immigration System (NIISe) bidding period few years ago. Bought at 15.5 sen and sold 80% from around 40 sen down to around 30 sen. Will post my trade later if still can dig up those data as it was traded quite long ago. Happy Trading and TradeAtYourOwnRisk.

2 days ago

laulau

IRIS already has the technology and expertise on Border Control to support the new Malaysia Border and Entry Agency (MCBA), which acts as the sole agency in overseeing border security matters and emphasises the use of cutting-edge technology, including artificial intelligence, that will be adopted to enhance border control management. MCBA may work with IRIS as a One-Stop solution provider to MCBA's Border Control requirements to implement effective Border Controls?

Why IRIS Border Control Solution?
#Inventor of the world’s first ePassport and multi-application national eID card.
#Specialise in the provision of fully integrated border control and management solutions to national governments and border management authorities for specific needs in border protection and management.
#Offer comprehensive intelligent border control management system that seamlessly automates and accelerates border crossings, enabling the reading, cross-checking and authenticating millions of passports, visas and other travel documents.
#Integrate technology, solutions and devices to quickly authenticate and verify identity for both online and offline (on-card), through core patented Image Retrieval & Identification System (IRIS).
#Have a wide range of technologically-advanced and award-winning smart devices ranging from basic card readers, biometric card readers, to multi-functional mobile terminals, kiosks and smart eGates to complement the total Smart Border Control Solution.

Our Secure Solutions
We offer comprehensive, highly adaptive and customisable Trusted Identification software solutions that are built on a secure and technologically advanced platform. Our solutions unify security, inventory, workflow and lifecycle requirements while managing enrolment, production, issuance of physical or electronic documents such as identity cards, ePassports, driver’s licenses, voter’s cards, visas and many more.
IRIS Border Control Solution
https://www.iris.com.my/wp-content/uploads/2020/04/Border-Control-Solution.pdf

Home Ministry eyes cutting-edge tech, AI to enhance border control management
By Fuad Nizam
May 5, 2024 @ 2:40pm

KUALA LUMPUR: The Home Ministry will look into the use of cutting-edge technology, including artificial intelligence, to enhance border control management.
Its minister, Datuk Seri Saifuddin Nasution Ismail, said the adoption of the technology was based on the vision of Prime Minister Datuk Seri Anwar Ibrahim to achieve a sustainable and high-income nation, where a secure and safe environment plays a crucial role.
"To achieve this vision and aspiration, a secure and safe environment plays a crucial role where threats such as cyberattacks, radicalism and extremism need to be handled effectively to safeguard the harmony and sustainability of the nation.
"In line with this, Malaysia is taking steps to strengthen security control involving border security by establishing the Malaysia Border and Entry Agency (MCBA), which acts as the sole agency in overseeing border security matters and emphasises the use of cutting-edge technology, including artificial intelligence, that will be adopted to enhance border control management," he said in a joint press conference with Defence Minister Datuk Seri Khaled Nordin following a walkabout to witness the final preparations for DSA and Natsec Asia 2024.
https://www.nst.com.my/news/nation/2024/05/1046505/home-ministry-eyes-cutting-edge-tech-ai-enhance-border-control

2 days ago

laulau

Introducing Iris Smart Kiosks Solution for National Border Controls & High Security Protection for Data Centers.
https://www.iris.com.my/smart-kiosks/

Malaysia Border Control Agency
https://www.ttgasia.com/2024/05/08/malaysia-launches-agency-for-enhanced-border-control/

2 days ago

laulau

Iris is the obvious choice for MBCA's National Border Control Needs.
Why Iris?
#Immigration Department already using Iris supplied Border Control equipment & solutions.
#MBCA will require Iris to upgrade existing Border Control equipment with hightech & Ai capabilities with the use of cutting-edge technology, including artificial intelligence, that will be adopted to enhance border control management.

RECOMMENDATION:
Take advantage of current Tech & DC connected stock play. Collect Iris as much as possible on any weakness as Iris is on the verge of a breakout! With a clean Balance Sheet, good cash position & little debts & NTA of 0.4651 per share, Iris is well positioned to move higher once 0.36 is broken. Iris is still a profitable business even without income from Niise. Refer latest 4th Qtr. & 12 months ended 31 March, 2024 results. TP 0.60 & beyond is still on track!

2 days ago

Post a Comment