What for get big contract, no profit! Btw, No one is irreplaceable. And this is a public co.

So this case, the MD damn innocent? Even if 1-2 kakitangan korup, they still
can't manipulate the co profit. Where the millions go? MACC kena dig deeper lol...

Best change the whole Board of Directors! Clean start.

Posted by vinvin > Jan 20, 2017 05:06 PM | Report Abuse

Other directors of this company in charged of projects n other businesses also have to be checked of their activities so that profit must not be misused!!!

Like this, year of rooster, position Giant Inflatable Trump Rooster at your front door. Sure Ong Mali Kikikikkkk USD2k per unit only!

Can go RM1.80?

Bruce chanted day&nite 365 until Iris went holland. Dun play play Bruce's jinky chant! :-D

http://www.thestar.com.my/business/business-news/2017/01/10/hovids-eps-to-drop-15pc-if-production-shuts-down-till-end-march/

More recent new lah... C how after getting license back end Mar 17. Got to also look c look c general pharmaceutical industry... Profit margin sure affected due to trump.
http://www.thesundaily.my/news/2123997

Look c look c how after trump take office. His policies will affect share market every other country, not just USA.

Hi jackyle, From historical record, this share can tiba-tiba shoot very high with no warning. If I target only 4 sen, overshot to 12 sen how?!!! . So darn cheap, not too much to lose, can try luck. Treat like buy lottery. Heheh...

Hi Chartistrader, Wow! Exceed 10 sen! Sure boh? Dun make me that happy! Hehehe.. Before CNY? Why good biz they have?

TP 0.20 b4 CNY?

No point buying pharmaceutical counters. Big change will come after trump take office in a few days time. He says will go after big pharma. Look how bad USA pharmaceutical stocks fell.

No volume ady.... Tayar puncit...

Chartistrader, but needs volume to move up! Give me a hint how high can go. If can go 12 sen like what zu1967, I very satisfied ady. Not greedy. Hehehh.... can get angpow b4 CNY?

Chartistrader,
I don't understand what u r saying about very very lucky. Anyway, I got it at 2.5 sen. How much should I target? 4 sen ?

---

Chartistrader If u can get 2 cents, you are lucky. If u get 2.5 cents, u are very very lucky
28/11/2016 12:22

After that I think will go down, back to square one.... :(

Highest 0.15 yesterday

Zul1967 will goreng? TP?

Can go how high b4 CNY?

Sure or not?
----
Apple888 Confirm 16c 2morrow...no need guess n wait
11/01/2017 22:23

What good news?!!

dun play play, jack Ma is M'sia punya Digital Eco.Adviser! http://www.thestar.com.my/news/nation/2016/11/04/alibaba-founder-jack-ma-agrees-to-be-advisor-to-malaysian-govt-on-digital-economy/

Step123 what u mean by M******y g*****y ?

Really, new CEO?! :)))))) Good year lol like that!

Iris Corp co-founder cuts stake amid restructuring plan

By Ahmad Naqib Idris | December 27, 2016 12:10 PM MYT
4

KUALA LUMPUR (Dec 27): Iris Corp Bhd co-founder, group managing director and chief executive officer Datuk Tan Say Jim has sold a substantial stake in the group, triggering talks of changes at the top.

Last Friday, Iris announced that Tan has ceased to be a substantial shareholder of the group amid plans for a major overhaul of its operations.

It is understood that Tan, 58, who was appointed to the board of directors on June 30, 1996, has been on leave since Nov 1. In his absence, Iris deputy managing director Datuk Hamdan Mohd Hassan has assumed the leading role, taking charge of the group’s operations.

As at press time, Tan could not be reached for comment.

A bourse filing last Friday showed that Tan had disposed of 56.6 million shares, representing a 2.52% stake in the group, via a direct business transaction for RM6.19 million on Dec 22.

Tan sold the shares in two blocks. One block of 41.6 million shares was transacted at 12 sen apiece amounting to RM4.99 million. Another block comprising 15 million was transacted at eight sen each for a total of RM1.2 million.

Following the disposal, Tan’s stake in Iris dwindled to 3.91%.

On Dec 3, 2015, Tan was named Malaysia Ernst & Young Entrepreneur of the Year 2015 and Master Entrepreneur of the Year 2015 in recognition of his efforts at Iris. Since the group’s incorporation in 1994, it has pioneered the world’s first electronic passport and national multi-application smart card with the implementation of the Malaysian electronic passport in March 1998 and MyKad in 2001.

Tan, who was instrumental in the diversification of the group, introduced the Autopot system, an environment-friendly farming solution designed to supply water and nutrients to the exact needs of a plant, in 2006. Iris also ventured into renewable energy, industrialised building systems and education.

However, during a recent interview, Hamdan told The Edge Financial Daily that the trusted identification (ID) solutions provider will be undertaking a major restructuring of its operations next year.

He said Iris will be returning to its roots to strengthen its core trusted ID business, especially after the non-renewal of its contract to supply e-passport chips to the Malaysian government in May this year.

Iris returned to the black in the financial year ended March 31, 2016 (FY16), posting a net profit of RM6.32 million compared to a net loss of RM20.89 million in FY15. However, it fell back into the red in the six months ended Sept 30, 2016, with a net loss of RM25.24 million versus a net profit of RM5.45 million a year ago amid the absence of new contracts.

“Like what has been reported before, we had lost our focus when we invested in the various non-core businesses. And now we are making a move to refocus our priorities and reallocate our resources back into the trusted ID business,” Hamdan said.

Hamdan also noted that Iris’ bankers have responded positively to the group’s plans to restructure, adding that Felda Investment Corp Sdn Bhd — its largest shareholder with a 21.33% stake — was also supportive of the restructuring plans.

“We will be going to the board in January to discuss a few things that we would like to do. We are definitely going to restructure and make the company leaner, more transparent, along with good governance,” Hamdan said.

Iris’ share price has been on a downtrend since Aug 18 this year, and had fallen below its par value of 15 sen towards the end of November. Year to date, the stock had fallen 47.7% from 22 sen on Dec 31, 2015 to close at 11.5 sen last Friday, bringing a market capitalisation of RM258.66 million.

This article first appeared in The Edge Financial Daily, on Dec 27, 2016. Subscribe to The Edge Financial Daily here.

Who that KOK sells yo at 0.08 ? Why so dirt cheap!

It'S not the Kok who won the trusted ID deals, its the technology from the patent that won all the international deals! TSJ non IT literate pun, i heard! Thats why he "diversify" to non ID biz. And lost all trusted ID profit there!

Big contracts he secure one meh? He is only good in losing contracts , like to dsonic! Let others use technology iris owned for free! Even a blind,can see that? Question is WHY is he acting like that? Born evil? Otak sakit? Tin kosong, otak udang? Pure greed? Please help investigate, fellow shareholders. Kasi pecah that Kok punya lobang! And put him away for good! Give shareholders some justice!

@abuqayr, u mean he will resign or he be kicked out! Sure or not? What if he die die also wont leave? He tot its his birth right to bangkrap a public owned co. u know! He can do whatever he like? No law and regulations in Msia? Why he wants to bangkrap Iris and public ? WHY? WHY?

TSJ really treat public owned co like his bapak kasi dia punya kopitiam. Die die wont go. Makan sampai tulang also wont let go. How bad can one get. Zero conscience. Pirana!

Personal and corporate, different entities, can just transfer kah? Sell u mean! And sell involved money. Why not just do nothing if he still wants to own the shares?

Entreprenuer of the Year his kok! When list 0.15 & more than a decade later that kok sells at 0.08 yesterday? F**k! X3 Did he continue to sell today? Sell all lah, we beg u, TSJ! And resign!

Huhuhuhuhuh! What the hell happened! 11.5 ???!!!

Who wants to come in when he is around? Ask him resign lah! Enuf is enuf!

When will up, this share?

Haha! Bruce MIA liao ka? What happened? Missed his up up up! Kikikik....

What SinChew write? Good news ka?

I say! What an anti climax! Maybe tomorrow up?! Bye guys!

Come on! At least close at 0.18 !

Serious, can close 0.19 ?

@zzzzz We made a deal, only one of us play shares at any one time. She hasn't clear hers, I can't masuk lah!

If really can reach RM1.30, we'll be going second honeymoon for free! Hehe! Go go go IRIS!

By my wife still keep hers. She very stubborn about selling. Hope she earn some $ at the end of the day.

Dun bluff me woh! Pocket punya lubang dah sangat busar ady!

Wah! Got show again ah? This time for real?!

TA surprisingly advise HOLD.

But TA latest report says TP 0.19 !

Drop like this & AGM 1/9/16????

What now?!!,! What's happening today? Why continue down? That stoopid QR was already out 2 days ago. Tak habis habis down! Apa cerita?!!!

Hmmm... Really really wonder why Bruce5113 is that loyal.... Who is Bruce?

Dunno about that.
All I'm saying, a good co with good products and big international market deserve better management. That's all. I dont simply tembak people wan... He shouldn't treat public like stoopid. We deserve better returns & not lose big time here!