Can Iris make-it?On Fri 24 Feb Iris had reported its Qr and the result was considerably good. The market reacted to the result by pushing the share price which was struggling to even hold at 0.110 at that time to close at 0.120.
On the chart wise,
1) the volume is still low (below 14 ma) indicates Sellers are weake
Key stats
Market capitalization
326.291MMYR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
19.610
Basic EPS (TTM)
0.005MYR
About IRIS CORPORATION BHD
ISIN
MYQ0010OO007
Sector
Electronic Technology
Industry
Computer Peripherals
Website
iris.com.my
CEO
Jen Wen Chia
Headquarters
Kuala Lumpur
Employees
436
Founded
1994
IRIS Corp. Bhd. provides trusted identification products and solutions. The firm operates through the following segments: Trusted Identification, Property Development & Construction, and Food & Agro Technology. The Trusted Identification segment provides e-Passports, e-Identification cards, banking cards, transportation, and other related Trusted Identification's devices, equipment and services. The Property Development & Construction segment involves in construction of buildings and modern integrated farms and manufacturing of Koto industrialized building systems. The Food & Agro Technology segment engages in provision of food and agro produce and equipment. The company was founded by Say Jim Tan, Kwee Hiang Lee, and Hock Eng Yap on May 31, 1994 and is headquartered in Kuala Lumpur, Malaysia.
Can Iris Climb Out Wall of Misery?Iris Corp is the awarded company with a Rm 1.1b Niise project after SKIN project had been terminated. Only that, recently there is an investigation on the appropriateness conduct during the award process.
The share price had tanked since the announcement it won Niise project until today. Currently
IRIS REBOUNDNG AT FIBO786 IN WEEKLYCan try to take a long position on IRIS as spotted rebounding at fibo786 in weekly chart with a volatility change to positive. Probably retracement EP would be at current price and TP at fibo618 in weekly chart. CL when the volatility changes to negative as depicted in the proposed trade plan.
Iris in Imminent Falling Triangle BreakoutIris had started forming a Bullish Falling Triangle pattern on somewhere in Mid Jan '21.
Eventhough they had been awarded with goverment project (NIIS) in March, the pattern keep intact.
Recently the triangle band had become narrowed. I anticipate that Iris had done it's final pullback and ready to
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Income Statement
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