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...

$MAYBANK (1155.MY)$ $AMBANK (1015.MY)$ $ABMB (2488.MY)$ $CIMB (1023.MY)$
1. The Malaysian Banking Landscape
The Malaysian banking sector, influenced by Bank Negara Malaysia (BNM), serves as a critical indicator of the country's economic health. Banks reflect the state of the financial system through lending trends, interest rates, and currency performance, all of which are actively managed by BNM.
2. Financial Results on the Horizon
As ...

Market Update today: Strong Tesla Rebound Amid Mixed Market Performance.
📈 Tesla ( $Tesla (TSLA.US)$) Leads Gains
• Price: $339.68 (+3.40%)
• Momentum: Tesla surged past resistance, confirming a strong uptrend with bullish sentiment returning.
• Key Resistance: $343-$345
• Support: $330
📉 Broader Market Mixed
• S&P 500 ( $S&P 500 Index (.SPX.US)$): 6045.61 (-0.38%) – slight pullback but holding key support.
• $CBOE Volatility S&P 500 Index (.VIX.US)$ (Volatility ...

$Hims & Hers Health (HIMS.US)$ 100% soon

$Tesla (TSLA.US)$
Summary
- Elon Musk's foray into politics has made him far more unpopular with Democrats.
- He's particularly turning off the buyers who say they're most likely to get an EV.
- As a result, Tesla has the worst favourability to unfavourability ratio of any brand among buyers looking for an EV, per a new study.
Tesla's CEO has spent the last year alienating the people his company needs most, a new study from the nonprofit EV Politics Project Shows. Among bu...

Stocks to Watch
Fiserv Inc (FI US) $Fiserv (FI.US)$
Daily Chart -[BULLISH ↗ ***] FI US shaped a bullish breakout. As long as price is holding above support at 223.20, a further push up towards 244.15 resistance is expected. The MACD is showing a buildup in bullish momentum as well.
Alternatively: A daily candlestick closing below 223.20 support will invalidate bullishviewand open a drop lower towards 214.40 support.
FOX Corporation (FOX US) $Fox Corp-B (FOX.US)$
...