Think! who dare to take away big NIISe project from Tan Sri Quek's golden boy Dr Poh? who dare to take away big NIISe project from Vincent Tan's son Robin? who dare to take away big NIISe project from ex MCA President's son a part of the current unity govt?
Is IRIS the manufacturer or supplier for our Malaysian epassports? Can anyone clarify? Still holding my IRIS.....Thanks! AR 2022 states it supplies epassports to several countries, but i don't see it supplies our country's passports. "For the domestic market, we executed the National Integrated Immigration System (NIISe) Contract with the Ministry of Home Affairs of Malaysia (“KDN”) for a contract value of RM1.12 billion. NIISe will modernize the Immigration Department of Malaysia through the implementation of the latest and most advanced digital applications. Our NIISe team is currently working closely with KDN to develop and deliver the NIISe project effectively. For the global market, we continue to supply ePassports / Inlays to Nigeria, Guinea, Solomon Islands, Senegal and India"
So Iris Besides passport renewals (NIIS) and visa applications, these would also include applications and renewals of foreign workers' permits and maid permits from Myeg
Iris been the NIISe supplier will have advantage over competitor in grabbing MYEG biz. That pie looks very significant for Iris and is a long term contract (if they grab any) which provides significant recurring revenue and profit for the long term. Got in Iris today at 0.145 and 0.165. Think should go >0.30 by Q1.
Beware...major shareholders already notified that they are going to deal in their shares....ready to pump and dump unless they got insider news...wakaka..
"blacksmith> Iris develop the system, for sure maintenance contract will be given to them also”
It seems the new info "adding" integration scope with Tabung Haji (proposed integration with Tabung Haji would help ease the processing of pilgrims) and "database with over 20 agencies in the country, including the police and National Registration Department (NRD)." could be additional work for Iris? I don't think Iris is "grabbing" others IT company business. It is an "open" market, for example TnG and Boost can do car insurance and Road Tax service; no more exclusive of a certain company. I hope all the companies can "think out of the box and reinvent their businesses; and prosper together".
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
speakup
27,012 posts
Posted by speakup > 2023-01-28 10:11 | Report Abuse
Think!
who dare to take away big NIISe project from Tan Sri Quek's golden boy Dr Poh?
who dare to take away big NIISe project from Vincent Tan's son Robin?
who dare to take away big NIISe project from ex MCA President's son a part of the current unity govt?