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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.
Can’t be directly involved due to conflict-of-interest rules, but they may have used proxies. My remisier said DC is very close to the OXB owner, so he has been pushing OXB hard since day one. Of course, he also got the IPO allocation and bought shares himself.
If the proxy arrangement or undisclosed conflict is actually proven, then SC could definitely investigate. Jail and compound.
But Bursa, you know lah, retailers only join in when party about to end and these insiders load up way ahead
The results were already shared in a UOBKH remisier group before the official release and the numbers turned out exactly the same.
Hearsay Desmond Chong may release a revised TP of RM0.80 on Monday.
Also heard he has been accumulating heavily since Day 1 and secured an IPO pink form.
So far, what they shared has been pretty accurate, around 90%. Most of it seems to come from Desmond Chong’s reports. Sometimes they already know the numbers even before the official results are released.
