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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.
