Definitions & Disclosures
Recommendation Definitions
Buy - Expected return of >+10% over the next 12 months
Hold - Expected return between ±10%
Sell - Expected return of <-10% over the next 12 months
Trading Buy - Expected return >+15% over the next 12 months, but LT prospects uncertain
Not rated - No recommendation on stock performance
Note: Recommendations may fall outside of the aforementioned ranges from time to time due to share price volatility.
Disclaimer and Disclosure
The information contained within our reports is based on data obtained from data and sources believed to be reliable at the time of report issuance. The reports may contain forward-looking statements which are often but not always identified by the use of words such as "believe", "estimate", "intend" and "expect" and statements that an event or results "may", "will", or "might" occur or be achieved and other similar expressions. Such forward-looking statements are based on assumptions made and information available at the time to NewParadigm Securities Sdn. Bhd. and are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement to be materially different from any future results, performance, or achievement, expressed or implied by such forward-looking statements. Caution should be taken with respect to such statements and recipients of our reports should not place undue reliance on any such forward-looking statements.
NewParadigm Securities expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of misinformation, future events or circumstances after the date of this publication or to reflect the occurance of unanticipated events. Accordingly, neither NewParadigm Securities nor any of its related companies, directors, employees, agents and / or associates nor persons connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profit) or damages that may arise from the use or reliance on the information or opinions in our publications. Any information, opinions or recommendations contained are subject to change at any time without prior notice. NewParadigm Securities has no obligation to update its opinion or the information in our reports.
The reports do not have regard to the specific investment objectives, financial situations and particular needs of any specific person. Accordingly, investors are advised to make their own independent evaluation of the information contained in the reports and seek advice from, amongst others, tax, accounting, financial planner, legal or other business professionals regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in our reports. Nothing in our reports constitute investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represents a personal recommendation to you. The reports are not intended, and should not under no circumstances be considered as an offer to sell or a solicitation of any offer or a solicitation or expression of views to influence any one to buy or sell the securities referred to herein or any related financial instruments.
NewParadigm Securities and its related companies, their associates, directors, connected parties employees and / or agents may, from time to time, hold any positions in the securities and / or capital market products (including but not limited to shares, warrants and / or derivatives), trade or otherwise effect transactions for its own account or the account of its customers or be materially interested in any securities mentioned herein or any securities related thereto, and may further act as market maker or have assumed underwriting commitment or deal with such securities and provide advisory, investment, share margin facility or other services for or do business with any companies or entities mentioned in this report.
In reviewing the report, investors should be aware that any or all of the foregoing among other things, may give rise to real or potential conflict of interests and should exercise their own judgement before making any investment decisions. Our research reports is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential.
All materials presented in our reports, unless specifically indicated otherwise, are under copyright to NewParadigm Securities. Our research reports and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
Our reports may provide the addresses of, or contain hyperlinks to websites. NewParadigm Securities takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to NewParadigm Securities own website material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of our reports. Accessing such website or following such link through the report or NewParadigm Securities' website shall be at your own risk.
Our reports are not directed to or intended for distribution or publication outside Malaysia. If you are outside Malaysia, you should have regard to the laws of the jurisdiction in which you are located. The views expressed in our research reports accurately reflect the analyst's personal views about any and all of the subject securities and issuers; and no part of the research analyst's compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in the report.