VIVOCOM (0069) - Oops, CIMB releases Vivocom's results premature - M.A. Wind
Tuesday, 29 November 2016
CIMB released a research report about Vivocom "Tracking expectations":
There is one "tiny" problem with this, the company itself has not yet announced its quarterly results.
That is of course a major screw up.
Both from the side of CIMB and from Vivocom.
It also shows that certain parties are privy to inside information, while others (the public) are not. A situation that should be avoided. The question is if this happens more often, a company releasing sensitive information to other parties before the information is officially announced.
I wrote twice about CIMB reporting about Vivocom, here and especially here. CIMB has a rather aggressive price target of RM 0.62 vs current share price of only RM 0.18.
There is one "tiny" problem with this, the company itself has not yet announced its quarterly results.
That is of course a major screw up.
Both from the side of CIMB and from Vivocom.
It also shows that certain parties are privy to inside information, while others (the public) are not. A situation that should be avoided. The question is if this happens more often, a company releasing sensitive information to other parties before the information is officially announced.
I wrote twice about CIMB reporting about Vivocom, here and especially here. CIMB has a rather aggressive price target of RM 0.62 vs current share price of only RM 0.18.
