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Serba was also very confident back then, telling retailers there was no accounting fraud and that they had billions worth of contracts. In the end, look what happened.
Now TS says getting listed through a Nasdaq SPAC is easy? Come on lah. Nasdaq is not Bursa. American investors, lawyers, auditors and regulators will dig into everything.
Americans are not going to blindly buy a Malaysian company just because it has “billions in contracts” and a Nasdaq story.
Serba was also very confident back then, telling retailers there was no accounting fraud and that they had billions worth of contracts. In the end, look what happened.
Now TS says getting listed through a Nasdaq SPAC is easy? Come on lah. Nasdaq is not Bursa. American investors, lawyers, auditors and regulators will dig into everything.
Americans are not going to blindly buy a Malaysian company just because it has “billions in contracts” and a Nasdaq story.
A fair market means the same material information should be available to investors at the same time.
Even more concerning would be allegations that the report or material information was circulated to selected parties before the official release, allowing them to position ahead of the broader market.
If an analyst personally owns shares in a company, receives a pink form or other allocation, and subsequently publishes a bullish research report on the same counter, there is an obvious potential conflict of interest that deserves proper disclosure and scrutiny
Average broker calls are “BUY” with targets above RM1. If there are undisclosed conflicts of interest, or analysts receiving kickbacks in connection with the companies they cover, then SC should investigate.
Market rumours have been circulating that certain sell-side parties may have received incentives or share allocations in exchange for favourable research coverage. If true, that would raise serious questions about research independence, disclosure.