Holy shit. RM220million contracts Dsonic receive for MyKad. Unbelievable. I guess the TP need to readjust higher for next quarter.

After such huge storm, it will going to take a lot of time to recover.

If the bonus issue not approved, to recover back to 4.50 probably need more than 2 quarter. I will say 1 year?

I'm not 100% sure if the bonus issue will be approved. Based on current situation, it is unlikely. A company that awarded by contract need time to receive back the payment. Without sufficient revenue, it is currently overvalue for FY13/FY14.

However, based on FY15/FY16 forecast, this counter is undervalued. Also I sense that Bursa is trying to suppress this counter from turning to speculative.

Based on the FA calculation on the existing contract, the TP announce by RHB should be able to hit but it should be on FY15 and FY16. This means the price may stay low for awhile. Once financial announcement on FY14 or FY15, it might able to recover back to the point if everything are smooth.

In nutshell, this counter might turn into non goreng counter after this incident.

Big player had withdrawn. Small player like me stuck at rm4. Dunno how long can it recover to break even.

Lucky I sell off earlier and had my profit taking. Although IRIS FA is not good but IRIS is making profit, based on the contract and financial report, it should go above 0.64. Just that previously it overbought and goes up too fast. Since there is rebound after near 10% drop, and as long as the volume is still there, it can go up to the TP. If the volume cannot maintain, (probably player shift to other counter), then this counter will be pretty much going to sleep for short period. Just like Barakah and KNM. I have re-enter IRIS twice and both time sell off at near top and enter at near bottom. I'm considering to re-enter for 3rd time if it drop a little bit more.

This counter is overvalue. Low EPS and high PE ratio. RSI value also at 84%. Volume decrease. Also resistant level at 0.54. Unless TA able to provide new TP with financial analysis, else it quite hard to break the resistant level. Sell queue also very high at 0.54. Similar situation at Jan 15th before CNY.

stupid counter

Probably closing today will back to square one.

Don't regret if it break today. :)

The buy and sell transaction are too equal which make it hard to break support 0.455. If the support break then sure happy.

I agree with flytothemoon. The company fundamental is really good for long run. There are investor actually visit this company onsite to study about the company and return result with positive. This counter might fluctuate awhile but it should stay steady for long run. Plus it had not missing any dividend since 2011.

It depends how much you can trust on FELDA?

No wonder IRIS share spike like crazy.

Base on TA analyst, IRIS TP at 0.54 not factoring few criteria in their analyst.'

Opportunity 1: Of the 4,000 units of houses required by FELDA, we only
assume 1,000 to be given to IRIS. In the case that FELDA were to give all
4,000 to IRIS, the contract value for each FY15 and FY16 could potentially
be revised to RM300mn from our forecast of RM75mn.

Imagine if FELDA give all 4000 to IRIS.

Just like Ecoworld previously. 10-16% up per day for a week.

At 0.095 or 0.09, will sure trap there and unable unload. This is purely goreng counter.

Wah, 0.38 now.

Yes, clear already. Time to rest for awhile. Hike too much for the past few days. If an u-turn then really cry.

0.360 possible this week but not today. Resistant at 0.350. High volume sell-Q.

Damn, sell off too early.

Omg, still rising. Looks very dangerous.