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Despite Amper $ABLEGLOB (7167.MY)$ repeatedly stating that Executive Chairman Wu Jiahua (phonetic) was detained by the anti-corruption agency and would not impact the company's operations, analysts believe the incident will still damage the company's reputation and potentially drag down the stock price.
Analysts from Dash Securities point out that although the CEO Wu Ruiwang (phonetic) quickly denied during a reporting session that he had also been arrested by the anti-corruption agency, the chairman's alleged money laundering case will still cause a stir.
However, with the latest developments, the company reported on Friday to the Malaysian Exchange that CEO Wu Ruiwang was also detained by the anti-corruption agency to assist in the investigation.
The company stated that, in light of the ongoing investigation, the company and relevant personnel will continue to provide full cooperation to ensure that the matter can be resolved quickly.
In the statement, Amber expressed its commitment to maintaining normal business operations and will continue to focus on creating value, as well as ensuring the company's high standards of regulation and business integrity.
Reducing investments is the best strategy.
Analysts suggest that investors should not be overly hasty at this stage, but rather wait for the situation to become clearer, and it is advisable to reduce investments.
The analyst downgraded the company's rating from "Buy" to "Sell," while also lowering its ESG rating.
Although the investigation targets the private company under Wu Jiahui, which has no relation to Amber, the company's directors and senior management will jointly take over Wu Jiahui's responsibilities as a temporary measure, this development cannot help but...
Analysts from Dash Securities point out that although the CEO Wu Ruiwang (phonetic) quickly denied during a reporting session that he had also been arrested by the anti-corruption agency, the chairman's alleged money laundering case will still cause a stir.
However, with the latest developments, the company reported on Friday to the Malaysian Exchange that CEO Wu Ruiwang was also detained by the anti-corruption agency to assist in the investigation.
The company stated that, in light of the ongoing investigation, the company and relevant personnel will continue to provide full cooperation to ensure that the matter can be resolved quickly.
In the statement, Amber expressed its commitment to maintaining normal business operations and will continue to focus on creating value, as well as ensuring the company's high standards of regulation and business integrity.
Reducing investments is the best strategy.
Analysts suggest that investors should not be overly hasty at this stage, but rather wait for the situation to become clearer, and it is advisable to reduce investments.
The analyst downgraded the company's rating from "Buy" to "Sell," while also lowering its ESG rating.
Although the investigation targets the private company under Wu Jiahui, which has no relation to Amber, the company's directors and senior management will jointly take over Wu Jiahui's responsibilities as a temporary measure, this development cannot help but...
Translated
![The chairman and CEO have been detained by the anti-corruption agency, and Amper's reputation is under scrutiny by the Brokerage.](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20250214/web-1739515505771-Ivf362CbXw.jpeg/thumb?area=104&is_public=true)
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$DSONIC (5216.MY)$
The share price was adjusted from 0.405 to 0.345 on the ex-date, reflecting a 0.06 decrease due to the issuance of warrants.
Since one warrant was issued for every two shares held, we can estimate the warrant price as 0.12 (calculated from 0.06 × 2 shares).
However, other factors like the exercise price and market conditions may also influence the warrant's actual value.
For those who felt they lost money on the ex-date, it's important to look at the ...
The share price was adjusted from 0.405 to 0.345 on the ex-date, reflecting a 0.06 decrease due to the issuance of warrants.
Since one warrant was issued for every two shares held, we can estimate the warrant price as 0.12 (calculated from 0.06 × 2 shares).
However, other factors like the exercise price and market conditions may also influence the warrant's actual value.
For those who felt they lost money on the ex-date, it's important to look at the ...
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(Kuala Lumpur, 10th) With the significant rise of Malaysian stocks last week, both foreign investors and retail investors chose to sell off. Foreign investors have been withdrawing from Malaysian stocks for the 16th consecutive week, with a net sell of 0.1 billion 69.4 million Ringgit last week.
The Capital Trend report released by MIDF Research shows that although foreign investors continue to withdraw, the pace of net selling Malaysian stocks slowed slightly last week compared to the previous week's 0.5 billion 3.3 million Ringgit.
At the same time, last Friday, foreign investors reversed their trend, significantly net buying 93.2 million Ringgit in Malaysian stocks, ending the streak of 24 consecutive trading days of net selling.
Regarding the first four trading days, foreign investors continued to net sell Malaysian stocks, with a net sell reaching 0.1 billion Ringgit on Monday, and the other three days ranging between 18.5 million to 65.1 million Ringgit.
Last week, the main sectors sold off by foreign investors were Utilities (-0.1814 billion Ringgit), Industrial Products and Services (-92.7 million Ringgit), and Energy (-61.2 million Ringgit).
In contrast, Financial Services (0.1172 billion Ringgit), Construction (0.111 billion Ringgit), and Technology (77.6 million Ringgit) were favored by foreign investors.
On the retail side, there was a pause in the inflow momentum that lasted for four weeks, with a net outflow of 24.8 million Ringgit.
In light of this, local Institutions became the only net buyers of Malaysian stocks, supporting the market for the 16th consecutive week, with a total net buying amount reaching 0.1 billion 94.2 million Ringgit last week.
In terms of participation, the average daily trading volume (ADTV) of foreign capital fell by 8.7%, while local Institutions and retail investors increased their trading activity, growing by 7.8% and 1% respectively.
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Foreign capital's net buying reached 1...
The Capital Trend report released by MIDF Research shows that although foreign investors continue to withdraw, the pace of net selling Malaysian stocks slowed slightly last week compared to the previous week's 0.5 billion 3.3 million Ringgit.
At the same time, last Friday, foreign investors reversed their trend, significantly net buying 93.2 million Ringgit in Malaysian stocks, ending the streak of 24 consecutive trading days of net selling.
Regarding the first four trading days, foreign investors continued to net sell Malaysian stocks, with a net sell reaching 0.1 billion Ringgit on Monday, and the other three days ranging between 18.5 million to 65.1 million Ringgit.
Last week, the main sectors sold off by foreign investors were Utilities (-0.1814 billion Ringgit), Industrial Products and Services (-92.7 million Ringgit), and Energy (-61.2 million Ringgit).
In contrast, Financial Services (0.1172 billion Ringgit), Construction (0.111 billion Ringgit), and Technology (77.6 million Ringgit) were favored by foreign investors.
On the retail side, there was a pause in the inflow momentum that lasted for four weeks, with a net outflow of 24.8 million Ringgit.
In light of this, local Institutions became the only net buyers of Malaysian stocks, supporting the market for the 16th consecutive week, with a total net buying amount reaching 0.1 billion 94.2 million Ringgit last week.
In terms of participation, the average daily trading volume (ADTV) of foreign capital fell by 8.7%, while local Institutions and retail investors increased their trading activity, growing by 7.8% and 1% respectively.
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Foreign capital's net buying reached 1...
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