Posted by flysmart > 2020-08-25 08:38 | Report Abuse

my insider + reliable source Iris will joint venture for the project. sure get. lol.

Posted by Noobie123 > 2020-08-25 08:39 | Report Abuse

Nothing anyone says is going to change the market trends today. It is going up.

Posted by Jilohhuat > 2020-08-25 08:40 | Report Abuse

@vinvin , these negative news are made to let ppl throw cheap to them . Iris is holding up well.

Posted by adamdacutie > 2020-08-25 09:08 | Report Abuse

Diam diam ubi berisi... Iris terlalu bising macam tin kosong

Posted by abc123_2020 > 2020-08-25 09:08 | Report Abuse

This week wanna LIMIT UP !!

Posted by rdwidjaya > 2020-08-25 09:26 | Report Abuse

This tender is huge in local context of IT project. Most likely, there isn't 1 single winner.

Posted by adamdacutie > 2020-08-25 09:28 | Report Abuse

Later iris get 10million project out of entire niis... Laugh die me

Posted by Noobie123 > 2020-08-25 09:37 | Report Abuse

I already 2 leg on 2 boats.

Posted by StockLORD > 2020-08-25 09:49 | Report Abuse

heard from a reliable friend project is definitely in IRIS hand. just a matter of splitting the pie.....too big project.

Posted by StockLORD > 2020-08-25 09:50 | Report Abuse

damn....better accumulate kaw kaw.....wahhahahahahahah

Posted by adamdacutie > 2020-08-25 10:01 | Report Abuse

I thk in the end all might merge n eat the pie

Posted by NawaMan > 2020-08-25 10:03 | Report Abuse

Waiting for Dewan Rakyat to go live hhahaha

Posted by StockLORD > 2020-08-25 10:06 | Report Abuse

jackpot jackpot!!!...load up ...load up......!! hahahahahah

Posted by abc123_2020 > 2020-08-25 10:15 | Report Abuse

IRIS + 5S (ANCOMLB), waiting for good news

Posted by ethan1123 > 2020-08-25 10:16 | Report Abuse

@NawaMan hi man..haha..yeah lor...i moved out first..and then see if there is a chance to come in again or not lor..anyway..i am now looking into the stock like KAREX (5247). You have any info can advise for this stock? :)

Posted by niubee126 > 2020-08-25 10:19 | Report Abuse

When announcement of project be made?

Posted by SonofSam > 2020-08-25 10:25 | Report Abuse

Announcement :early September..yes Datasonic did go to the higher ups’.. but they never made it to the final three...to placate them...Datasonic gets the ikard project worth 150M for 3 years...

Posted by SonofSam > 2020-08-25 10:26 | Report Abuse

Backend of Niis goes to S5@AncomLogistics

Posted by adamdacutie > 2020-08-25 10:43 | Report Abuse

Haha half of the volume is disposal

Posted by x3sphere > 2020-08-25 10:46 | Report Abuse

Lol adamdacutie. You don’t even know how to see chart. Better go play with your gay friend. Nickname sounds like farking sajat

Posted by adamdacutie > 2020-08-25 10:52 | Report Abuse

Why personal attack when u cant accept the fact iris operators are disposing the shares

Posted by x3sphere > 2020-08-25 10:59 | Report Abuse

Iris operators disposing? Damn son. This forum full of 2” acting like pro trader/investor people. Don’t even know how to read volume price action. Just shoot nonsense opinion without fact. Better save the money and put in asb/fd child.

Posted by adamdacutie > 2020-08-25 11:04 | Report Abuse

Haha jus accept the fact... N yea operators re slowly disposing

Posted by gfalbert > 2020-08-25 11:40 | Report Abuse

Is it still good to enter?

Posted by High5 > 2020-08-25 11:53 | Report Abuse

IRIS Corp Bhd and MyEG Services Bhd are said to be the front runners to bag the billion-ringgit National Integrated Immigration System (NIIS), according to sources. The contract will be awarded anytime this month, they say.

It seems that the NIIS project will be split between the two companies.

The tender document sighted by The Edge last year allows for multiple companies to form a consortium to bid for the contract.

“Yes, I heard that Iris is the front runner for the contract. They are going to be the system integrator for the NIIS,” says an industry player who was involved in various government contracts in the past.

The NIIS will be replacing the current Malaysian Immigration System (myIMMS) at all gateways, including airports and land crossings. The MyIMMS is said to be obsolete as it was first developed in 1993.

The tender to bid for the NIIS was called late last year and it attracted almost 30 bids from local information technology system integrator and cybersecurity companies. The bids received ranged from RM1 billion to RM1.8 billion.

Another source confirms that Iris put in the bid through a consortium, in which S5 Systems Sdn Bhd is a party. S5 Systems is owned by S5 Holdings Inc, in which MyEG Services Bhd has a 10% equity interest.

S5 Holdings is currently the target of a reverse takeover by Ancom Logistics Bhd.

NIIS is the latest reiteration of the government’s plan to replace the obsolete myIMMS. In August 2017, the then Barisan Nasional government awarded a RM3.5 billion contract to Prestariang Bhd to develop, operate and maintain a new immigration system for 15 years.

However, on Dec 11, 2018, the Home Ministry decided to terminate the contract, saying that the National Immigration Control System (SKIN) — as it was called then — was too expensive, and decided to call for another round of tenders.

Prestariang decided to take the ministry to court on April 15, 2019, seeking compensation of RM732.86 million for work done on the system prior to the contract termination. Hearing on the case commenced at the High Court of Kuala Lumpur on July 21.

Note that the more expensive SKIN contract included a maintenance contract, whereas the NIIS contract is just to build, install and commission the system. There will be a separate contract for the maintenance of the system.

Iris is a provider of smart identification solutions and e-border control systems. It was the proprietor of the technology behind the world’s first e-passports and immigration autogates at the Kuala Lumpur International Airport.

Since then, Iris’ e-passports have become the standard for e-passports around the world.

According to Iris’ website, its Border Control Solution is able to provide integrated border control management, including manual, automated and mobile border clearance, travel document verification, visa information system, biometric identification and verification, traveller movement and advanced passenger information.

Besides Iris and MyEG, ­other known bidders for the contract include Datasonic Group Bhd, Heitech Padu Bhd, Dagang Nexchange Bhd (DNeX), Dataprep Holdings Bhd, Scicom (MSC) Bhd, Omesti Bhd and Kumpulan Fima Bhd.

Interestingly, S5 is said to be involved in all the major bids. Besides Iris, the industry player The Edge spoke to who confirmed Iris as one of the front runners of the NIIS contract, says S5 is also involved in bids put in by MyEG and Heitech Padu.

Heitech Padu is the developer of myIMMS. While the system is obsolete, Heitech Padu should still be able to offer a better system for the NIIS, and its experience integrating all the needs of the different departments and agencies into a system should be its strength in the bid.

For the financial year ended March 31, 2020 (FY2020), Iris recorded a lower net profit of RM13.7 million, compared with RM38.3 million a year ago, although its revenue stayed flat at RM229.6 million versus RM229.2 million a year earlier.

Over the last one year, Iris’ share price has more than doubled, closing at 33 sen per share last Friday and valuing the group at RM978.9 million.

Meanwhile, MyEG closed at RM1.38 last Friday, after rising 25.45% this year, giving it a market capitalisation of RM4.784 billion.

Posted by High5 > 2020-08-25 11:53 | Report Abuse

Buy Buy Buy

Posted by High5 > 2020-08-25 11:53 | Report Abuse

Iris flying up soon

Posted by abc123_2020 > 2020-08-25 11:55 | Report Abuse

Standby IRIS for LIMIT UP..oh yeahh..

Posted by x3sphere > 2020-08-25 11:57 | Report Abuse

So where’s that gay boy adamdacutie? You see any operators dumping? Dumbfark kid.

Posted by adamdacutie > 2020-08-25 12:03 | Report Abuse

Drama only this iris..... Last round of dumping

Posted by abc123_2020 > 2020-08-25 12:04 | Report Abuse

wait for company to request suspend for news annoucement if true..

Posted by niubee126 > 2020-08-25 12:07 | Report Abuse

Strong momentum. Good sign

Posted by adamdacutie > 2020-08-25 12:08 | Report Abuse

X3sphere u re not a good chartist n neither a good human being... Ur mouth is worse then the dubur monyet

Posted by NawaMan > 2020-08-25 12:26 | Report Abuse

700 down and almost 400 counters unchanged... i don't know about you guys but i'm locking myself up for whatever happen after lunch hhahahaha

Posted by paulthesotong > 2020-08-25 13:08 | Report Abuse

MOHA.......NIISE DILENGAPI PENGESAN WAJAB. .

Posted by SonofSam > 2020-08-25 14:15 | Report Abuse

if u notice..Ancom Logistics is moving in tandem with IRIS..

Posted by bowman > 2020-08-25 14:26 | Report Abuse

Profit-taking will happen late this afternoon.

Posted by High5 > 2020-08-25 14:37 | Report Abuse

Thats puzzling Iris or My Eg...ancom logistic too engine started...fly higher than our Iris...

Posted by High5 > 2020-08-25 14:38 | Report Abuse

Need to breach 42cts

Posted by High5 > 2020-08-25 14:39 | Report Abuse

Let pharma n duopharma limit up 1st...then attention switch niis counters

Posted by hisaishi > 2020-08-25 14:51 | Report Abuse

DEAR VALUED SHAREHOLDERS OF IRIS CORPORATION BERHAD 19940106552 (302232–X)

It is our pleasure to invite you to the 26th Annual General Meeting (AGM) of the Company, which will be held as below:

Date & Time : 23 September 2020 (Wednesday) 11.00 a.m.
Venue : Auditorium, 1st Floor, Lot 8 & 9, IRIS Smart Technology Complex, Technology Park Malaysia, Bukit Jalil, 57000 Kuala Lumpur

Posted by hartaharta88 > 2020-08-25 15:07 | Report Abuse

changce to xox all.... in xox

Posted by Noobie123 > 2020-08-25 15:39 | Report Abuse

Many great white sharks swimming around today.

Posted by adamdacutie > 2020-08-25 15:42 | Report Abuse

Very good iris counter they keep pressing down to let u buy.... Very good

Posted by NIWV > 2020-08-25 16:33 | Report Abuse

spend some of ur money for ancomlb too. both will get benefits.

Posted by adamdacutie > 2020-08-25 16:36 | Report Abuse

Haha x3sphere apa macam lu? Mulut dubur monyet

Posted by Ravindran Raja Rathanam > 2020-08-25 16:41 | Report Abuse

Apa ini. Projek dpt ka xdpt. Mcm xdpt ja. Share price not stable

Posted by NIWV > 2020-08-25 16:46 | Report Abuse

to be safe choose ancomlb.

Posted by High5 > 2020-08-25 16:46 | Report Abuse

Haiz whole day only 2 cts up down up down

Posted by LiimInvest > 2020-08-25 16:47 | Report Abuse

Daily Technical Highlights - (MYEG)
Author: kiasutrader Publish date: Tue, 25 Aug 2020, 2:57 PM

My E.G. Services Bhd (Trading Buy)
• MYEG is a provider of electronic government (e-government) services with a presence in Malaysia, Philippines, Bangladesh and Indonesia.

• With annual net earnings in excess of RM100m over the past four years, the Group’s historical profit track record has been steady. After posting net profit of RM58.8m in 1QFY20, consensus is projecting MYEG’s bottomline to come in at RM262m in FY20 and RM296m in FY21. This translates to forward PERs of 19.2x this year and 17.0x next year.

• In terms of corporate developments, MYEG (together with its business partners) plans to undertake a reverse takeover exercise involving a proposed acquisition by ACE Market-listed Ancom Logistics of the entire share capital of S5 Holdings (S5, a service provider of national security solutions). MYEG currently holds a 10% stake in S5, which reportedly has emerged as a frontrunner to win the National Integrated Immigration System (NIIS) project.

• Technically speaking, MYEG’s share price – which has been consolidating since early July – is on the verge of a potential breakout from a symmetrical triangle formation. Guided by this bullish continuation pattern, we expect the stock to climb towards our resistance thresholds of RM1.59 (R1) and RM1.69 (R2). This represents upside potentials of 10% and 17%, respectively from yesterday’s closing price of RM1.45.

• Our stop loss level is pegged at RM1.32 (9% downside risk).