Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Monday, February 7, 2011

Iris to venture into industrialised building system

KUALA LUMPUR: Iris Corp Bhd is venturing into industrialised building system (IBS) via a joint venture with Koto Malaysia Sdn Bhd and Ambitech Sdn Bhd.

Iris said on Monday, Feb 7 it planned to develop the Koto IBS for mass building projects in Peninsular Malaysia.

“Koto IBS is an alternative way to mass manufacture energy efficient housing, commercial buildings, high-rises and affordable housing. The Koto IBS is a fully integrated system – from the foundation, walls of all types, to ceilings, suspended ceilings, roofing, columns, beams and lightweight lintel beams,” it said.

Iris said the shareholdings in the JV would see it holding a 60% stake, Koto (30%) and Ambitech (10%).

08.02.11 The day after

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