This website and its contents are for general information only. Affin Hwang Investment Bank makes no representations as to their accuracy, completeness or reliability. Specifically, Affin Hwang Investment Bank does not represent or warrant that access to the information, materials, products and services on this website will be uninterrupted or error-free, that defects will be corrected, or that the service, software or the server that makes them available are free of viruses or other harmful components. Where a link is provided to another website, this does not imply any official endorsement of or responsibility by Affin Hwang Investment Bank for the information, materials or products presented at those external links nor does Affin Hwang Investment Bank guarantees or represents the accuracy, correctness or reliability of the information and materials provided thereof.

No information made available on this website is or purports to be investment or other advice or is intended to provide the basis of any credit or other evaluation. Nor should any such information be considered a recommendation by Affin Hwang Investment Bank to purchase, hold or sell any securities or investment products. An investment in any financial products or services mentioned in this website carries risks and may not be suitable for persons who are averse to such risks. The investor should refer to the relevant prospectus/information memorandum for inherent risks of investing in the financial products and are advised to contact us for more details and information of any products or services mentioned in this website.

Affin Hwang Investment Bank acts neither as an adviser to, nor owes any fiduciary duty to any person accessing the website. If you are in any doubt about any information or materials made available on the website, you should seek independent advice. The information contained in the website is not tailored for any particular potential investor, does not have any regard to the specific objectives, financial situation and particular needs of any specific person and therefore does not constitute individual investment advice. Any person accessing information on the website should also be aware that such information may contain additional disclaimers or limitations on liability, and should read and make themselves aware of any such disclaimers.

In no event shall Affin Hwang Investment Bank be liable for any direct, indirect, punitive or consequential loss or damage including, without limitation, damages for loss of use, data or profits arising out of or in any way connected with the use or performance of this website, with the delay or inability to access this website, the provision of or failure to provide services, or for any information, software, products, services and related graphics obtained through this website, or otherwise arising out of the use or reliance on information or materials provided in this website, whether based on contract, tort, strict liability or otherwise.

If you do not agree to or are not satisfied with this website or its contents, your sole and exclusive remedy is to discontinue your use of the website. Affin Hwang Investment Bank reserves the right to modify, add, remove or amend any or all of the contents or materials on the website at any time at its absolute discretion.

The term “Affin Hwang Investment Bank” as used in this Disclaimer refers to Affin Hwang Investment Bank Berhad, Affin Hwang Asset Management Berhad, AIIMAN Asset Management Sdn Bhd (formerly known as Asian Islamic Investment Management Sdn Bhd), Affin Hwang Nominees (Tempatan) Sdn Bhd and Affin Hwang Nominees (Asing) Sdn Bhd.

Market Commentary Disclaimers
(applicable for Market Commentaries issued by Treasury & Markets)

This write up, commentary or report (collectively “Report”) is strictly confidential and is issued by Affin Hwang Investment Bank (197301000792 | 14389-U) (hereinafter referred to as “the Bank”) on the basis that it is only for the information of the particular person to whom it was provided.

This Report has been prepared by our sales, trading and/or marketing employees covering market events, market conditions, companies, financial instruments including derivatives, commodities, interest rates or currencies and as such does not constitute independent research or investment advice prepared by the Bank’s licensed Research Analysts. The information herein is not intended to constitute “research” or “investment advice” as it is defined by applicable laws, rules or regulations of the jurisdiction from which this Report is sent.

This Report has been prepared for information purposes only and is not intended as an offer to sell or a solicitation to buy any securities, foreign exchange, derivatives or other product and does not take into account your investment objectives, financial situation, risk, return preferences and particular needs. In providing this Report, the Bank is not making any recommendation to buy any securities, foreign exchange, derivatives or other product and the information provided should not be taken as investment advice.

The contents in the Report does not constitute independent investment advice or independent recommendation relating to an investment, hedging or trading strategy and as such does not constitute guarantees of future market performance. It has been prepared without regard to your individual financial circumstances and your objectives. The Bank has no obligation to update its opinion or the information in this report and the Bank recommends that you independently evaluate particular investments and strategies and seek the advice of a financial adviser prior to entering into any transaction. The appropriateness of a particular investment or strategy will depend on your individual circumstances and objectives.

The information herein was obtained or derived from sources that the Bank believes are reliable, but while all reasonable care has been taken to ensure that statements herein are presented accurately and our opinions are fair and reasonable based on such sources, we do not represent that the information and statements herein are adequate, accurate, reliable or complete and they should not be relied upon as such. All opinions and estimates included in this report constitute our views as of this date and are subject to change without notice.

Members of the Bank and its related companies and Affin Banking Group, its affiliates and each of their directors, officers, employees and agents (“Relevant Persons”) may provide investment banking or other services to any company and affiliates of such companies whose securities or other products are mentioned herein, may from time to time have an interest or a position in or related to the securities, foreign exchange, derivatives or products mentioned herein and may trade or otherwise effect transactions for their own account or the accounts of their customers. The Relevant Persons may also seek investment banking or other services from companies which have an interest in the securities or products discussed / covered in this report or previous reports by the Bank or make investment decisions or take proprietary positions that are inconsistent with the recommendations or views in this Report. You should be aware that any or all of the foregoing, among other things, may give rise to real or potential conflicts of interest.

The Bank is not acting as your advisor and does not owe any fiduciary duties to you and no reliance may be placed on us for advice, strategy, ideas or recommendations of any sort in connection with this Report. Nothing in this Report shall constitute legal, accounting or tax advice, or a representation that any transaction or investment is appropriate for you.

The Bank makes no representations or warranties, express or implied, with respect to the accuracy of the information in this Report or its fitness for any particular purpose and does not accept any liability (including, but not limited to, any direct, indirect or consequential losses, loss of profits and damages) for any use you or your advisors may make of the contents of this Report or for any loss that may arise from the use of this Report or reliance by any person upon the information or opinions provided in this Report.

This Report is not directed to or intended for distribution to or use by any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.

By receiving or accessing this Report, you agree to the foregoing terms and confirm that it is lawful for you to receive or have access to this report.

This Report may not be copied, reproduced, distributed or published by any recipient for any purpose unless the Bank’s prior written consent is obtained.

If at any time any provision or part of any provision, of this disclaimer is, or becomes, illegal, invalid or unenforceable in any respect under any applicable laws, that shall not affect the legality, validity or enforceability of any other provision, or part of that provision, of this disclaimer.