$BAUTO (5248.MY)$ the share price was like reflecting a quarter loss result
103934906
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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...
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$United USD Cash Fund-Class R (MYU0100A8420.MF)$ if there's no compensation for the negative number that happened last week, then I think no point to keep the funds here right? since it could happen again in the future, which will lower the APY even more 🤷🏻
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