Whats happening at Zetrix AI Bhd?
Zetrix AI Bhd is facing a dividend payment delay due to a legal dispute and court injunction.
📊 Corporate & Legal Developments
• Dividend Delay: Payouts for affected shareholders are postponed to a later date following a computation mismatch.
• High Court Injunction: A substantial shareholder secured an ad-interim injunction blocking cash disbursements to specific nominee accounts.
• Scrapped Acquisition: Cancelled the proposed RM130 million MYEG Ventures deal due to share price volatility.
📉 Shareholding & Market Shifts
• Stake Reductions: Managing director TS Wong and his vehicle asia internet holdings ceased to be substantial shareholders after selling shares.
• HeiTech Padu Exit: Disposed of a significant stake in HeiTech Padu Bhd.
• Sell Pressure: Share price volatility and margin call liquidations have weighed heavily on market capitalization.
Channel: https://t.me/sharestraders
Zetrix AI Bhd is facing a dividend payment delay due to a legal dispute and court injunction.
📊 Corporate & Legal Developments
• Dividend Delay: Payouts for affected shareholders are postponed to a later date following a computation mismatch.
• High Court Injunction: A substantial shareholder secured an ad-interim injunction blocking cash disbursements to specific nominee accounts.
• Scrapped Acquisition: Cancelled the proposed RM130 million MYEG Ventures deal due to share price volatility.
📉 Shareholding & Market Shifts
• Stake Reductions: Managing director TS Wong and his vehicle asia internet holdings ceased to be substantial shareholders after selling shares.
• HeiTech Padu Exit: Disposed of a significant stake in HeiTech Padu Bhd.
• Sell Pressure: Share price volatility and margin call liquidations have weighed heavily on market capitalization.
Channel: https://t.me/sharestraders
Why evocom price opens lower on first day listing?
Evocom Berhad (0473) opened at a 16.67% discount (15 sen) below its IPO price of 18 sen on its September 28, 2026 debut on Bursa Malaysia’s ACE Market due to significant risk factors overriding investor demand.
Market analyst reports attribute the poor listing performance to several underlying business fundamentals:
• High Concentration Risk: Evocom relies heavily on a single main client. Its flexible staffing and logistics operations are deeply dependent on SPX Express (Shopee’s in-house delivery arm), which accounts for more than 80% of Evocom’s total annual revenue. Investors are generally cautious about companies with a single point of failure.
• Thin Profit Margins: While the logistics firm generates healthy top-line revenue (nearly RM200 million), its net profit margins remain relatively thin.
• Lukewarm Retail Demand: While its retail portion was oversubscribed by 3.60 times, this is considered a relatively modest oversubscription rate compared to other hot ACE Market IPOs that often see double- or triple-digit oversubscription rates. This signaled muted retail hype leading into the listing day.
• Market Pricing in Risks Immediately: Despite its aggressive expansion plans into air freight and technology platforms like EVOSHIFT, market participants chose to price in operational risks immediately rather than trading on future premium narratives.
More news: https://t.me/sharestraders
Evocom Berhad (0473) opened at a 16.67% discount (15 sen) below its IPO price of 18 sen on its September 28, 2026 debut on Bursa Malaysia’s ACE Market due to significant risk factors overriding investor demand.
Market analyst reports attribute the poor listing performance to several underlying business fundamentals:
• High Concentration Risk: Evocom relies heavily on a single main client. Its flexible staffing and logistics operations are deeply dependent on SPX Express (Shopee’s in-house delivery arm), which accounts for more than 80% of Evocom’s total annual revenue. Investors are generally cautious about companies with a single point of failure.
• Thin Profit Margins: While the logistics firm generates healthy top-line revenue (nearly RM200 million), its net profit margins remain relatively thin.
• Lukewarm Retail Demand: While its retail portion was oversubscribed by 3.60 times, this is considered a relatively modest oversubscription rate compared to other hot ACE Market IPOs that often see double- or triple-digit oversubscription rates. This signaled muted retail hype leading into the listing day.
• Market Pricing in Risks Immediately: Despite its aggressive expansion plans into air freight and technology platforms like EVOSHIFT, market participants chose to price in operational risks immediately rather than trading on future premium narratives.
More news: https://t.me/sharestraders
Zetrix AI pays out delayed cash dividend. What happened?
Key Details of the Payout and Dispute
• Dividend Amount: Final single-tier dividend of 2.89 sen per share.
• Initial Due Date: Originally set for Sept 18, 2026, but delayed due to a court injunction obtained by a substantial shareholder over nominee account execution issues involving a Dividend Reinvestment Plan (DRP).
• Resolution & Payout: Following intervention from nominee accounts (CGS International Securities Malaysia and CGS International Futures Malaysia) and subsequent computation adjustments, the general payout was finalized on Sept 28, 2026, withholding only the shares directly linked to the active legal proceedings.
• Auditor Resignation: Concurrently on Sept 28, 2026, the company announced the resignation of its external auditors, Messrs TGS TW PLT, citing portfolio rationalisation and resource management.
More news: https://t.me/sharestraders
Key Details of the Payout and Dispute
• Dividend Amount: Final single-tier dividend of 2.89 sen per share.
• Initial Due Date: Originally set for Sept 18, 2026, but delayed due to a court injunction obtained by a substantial shareholder over nominee account execution issues involving a Dividend Reinvestment Plan (DRP).
• Resolution & Payout: Following intervention from nominee accounts (CGS International Securities Malaysia and CGS International Futures Malaysia) and subsequent computation adjustments, the general payout was finalized on Sept 28, 2026, withholding only the shares directly linked to the active legal proceedings.
• Auditor Resignation: Concurrently on Sept 28, 2026, the company announced the resignation of its external auditors, Messrs TGS TW PLT, citing portfolio rationalisation and resource management.
More news: https://t.me/sharestraders
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10 year bond yield going up in the US. So how does it affect malaysia stock market?
Rising US 10-year bond yields generally put downward pressure on the Malaysian stock market (FBM KLCI) by driving capital outflows, weakening the ringgit, and raising corporate borrowing costs.
📉 Capital Outflows
• Higher US returns: Investors sell emerging market equities for safe, high-yielding US Treasuries.
• Foreign selling: Foreign funds pull money out of Bursa Malaysia.
📉 Currency Weakness (Ringgit Pressure)
• Stronger US dollar: Higher US yields attract global capital into greenbacks.
• Import costs: A weaker ringgit raises import and servicing costs for local firms.
📈 Borrowing Costs & Valuations
• Higher discount rates: Future corporate earnings become less valuable in present terms.
• Squeezed margins: Local companies face higher debt-servicing and refinancing expenses.
——————
More news: https://t.me/sharestraders
Rising US 10-year bond yields generally put downward pressure on the Malaysian stock market (FBM KLCI) by driving capital outflows, weakening the ringgit, and raising corporate borrowing costs.
📉 Capital Outflows
• Higher US returns: Investors sell emerging market equities for safe, high-yielding US Treasuries.
• Foreign selling: Foreign funds pull money out of Bursa Malaysia.
📉 Currency Weakness (Ringgit Pressure)
• Stronger US dollar: Higher US yields attract global capital into greenbacks.
• Import costs: A weaker ringgit raises import and servicing costs for local firms.
📈 Borrowing Costs & Valuations
• Higher discount rates: Future corporate earnings become less valuable in present terms.
• Squeezed margins: Local companies face higher debt-servicing and refinancing expenses.
——————
More news: https://t.me/sharestraders
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Why hengyuan stock price drop and rise recently?
📉 Key Factors Behind the Drop
• 💡 Massive Profit-Taking
• The stock surged nearly fourfold, reaching a four-year high of RM4.54 on September 24, 2026.
• Traders rushed to lock in gains, triggering an intense wave of selling pressure.
• 📉 Retreating Oil Prices
• Crude oil prices pulled back from over US$100/barrel.
• Recovering Middle East exports eased market fears of prolonged supply disruptions.
• ⚠️ Short-Selling Suspension
• The stock tumbled over 15% intraday, triggering an automatic suspension of intraday short selling (IDSS) by Bursa Malaysia.
• Trading and IDSS subsequently normalized after meeting exchange rules.
📊 Previous Rally Catalysts (What Drove the Prior Peak)
• Earnings Turnaround: Strong second-quarter profits and the resumption of dividends after a four-year hiatus.
• Shell Agreement: The renewal of a major 10-year product supply agreement with Shell Malaysia (covering 2027–2036).
• Elevated Margins: Temporary spikes in regional refining margins due to geopolitical tensions.
More news: https://t.me/sharestraders
📉 Key Factors Behind the Drop
• 💡 Massive Profit-Taking
• The stock surged nearly fourfold, reaching a four-year high of RM4.54 on September 24, 2026.
• Traders rushed to lock in gains, triggering an intense wave of selling pressure.
• 📉 Retreating Oil Prices
• Crude oil prices pulled back from over US$100/barrel.
• Recovering Middle East exports eased market fears of prolonged supply disruptions.
• ⚠️ Short-Selling Suspension
• The stock tumbled over 15% intraday, triggering an automatic suspension of intraday short selling (IDSS) by Bursa Malaysia.
• Trading and IDSS subsequently normalized after meeting exchange rules.
📊 Previous Rally Catalysts (What Drove the Prior Peak)
• Earnings Turnaround: Strong second-quarter profits and the resumption of dividends after a four-year hiatus.
• Shell Agreement: The renewal of a major 10-year product supply agreement with Shell Malaysia (covering 2027–2036).
• Elevated Margins: Temporary spikes in regional refining margins due to geopolitical tensions.
More news: https://t.me/sharestraders
2/10/2026
Top articles:
1) Consumer Sector - Targeted Support Amid Rising Cost Pressures
--> https://klse.i3investor.com/web/blog/detail/jfapex/2026-10-01-story-h502435295-Consumer_Sector_Targeted_Support_Amid_Rising_Cost_Pressures
2) Dr Doom Predicts a Tsunami of SELLING
--> https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2026-10-01-story-h502435328-Dr_Doom_Predicts_a_Tsunami_of_SELLING
3) Verdant Solar: Is This an Overlooked Solar Growth Story?
—> https://klse.i3investor.com/web/blog/detail/nwes/2026-09-30-story-h502434274-Verdant_Solar_Is_This_an_Overlooked_Solar_Growth_Story
4) Latest Director Transactions
—> https://klse.i3investor.com/web/insider/director/list
5) Open a cds account at mplus/malacca securities. 0.0008 brokerage…Fill up below
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Top articles:
1) Consumer Sector - Targeted Support Amid Rising Cost Pressures
--> https://klse.i3investor.com/web/blog/detail/jfapex/2026-10-01-story-h502435295-Consumer_Sector_Targeted_Support_Amid_Rising_Cost_Pressures
2) Dr Doom Predicts a Tsunami of SELLING
--> https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2026-10-01-story-h502435328-Dr_Doom_Predicts_a_Tsunami_of_SELLING
3) Verdant Solar: Is This an Overlooked Solar Growth Story?
—> https://klse.i3investor.com/web/blog/detail/nwes/2026-09-30-story-h502434274-Verdant_Solar_Is_This_an_Overlooked_Solar_Growth_Story
4) Latest Director Transactions
—> https://klse.i3investor.com/web/insider/director/list
5) Open a cds account at mplus/malacca securities. 0.0008 brokerage…Fill up below
—> https://bit.ly/openmplusaccountloh
Maybank falls below RM10?
Malayan Banking Bhd shares closed at RM9.95 on October 1, 2026, dropping below the RM10 threshold for the first time in nine months.
📉 Market Context & Drivers:
• Rising Bond Yields: US Federal Reserve rate hikes pushed benchmark yields higher, impacting long-duration bond portfolios.
• Long Duration Risk: Maybank holds longer bond durations, making its capital ratios more sensitive to yield swings.
• Sector Pressure: Broader banking counters like CIMB (RM7.69) and RHB Bank (RM7.47) also faced downward adjustments.
💡 Strategic Evaluation Framework:
• Capital Impact: Potential near-term pressure on capital ratios due to portfolio sensitivity.
• Dividend Yield: Lower share prices traditionally elevate dividend attractiveness for long-term holders.
• Macro Outlook: Anticipated OPR adjustments by Bank Negara Malaysia may influence subsequent net interest margins.
More news: https://t.me/sharestraders
Malayan Banking Bhd shares closed at RM9.95 on October 1, 2026, dropping below the RM10 threshold for the first time in nine months.
📉 Market Context & Drivers:
• Rising Bond Yields: US Federal Reserve rate hikes pushed benchmark yields higher, impacting long-duration bond portfolios.
• Long Duration Risk: Maybank holds longer bond durations, making its capital ratios more sensitive to yield swings.
• Sector Pressure: Broader banking counters like CIMB (RM7.69) and RHB Bank (RM7.47) also faced downward adjustments.
💡 Strategic Evaluation Framework:
• Capital Impact: Potential near-term pressure on capital ratios due to portfolio sensitivity.
• Dividend Yield: Lower share prices traditionally elevate dividend attractiveness for long-term holders.
• Macro Outlook: Anticipated OPR adjustments by Bank Negara Malaysia may influence subsequent net interest margins.
More news: https://t.me/sharestraders
What's happening to zetrix AI now?
📊 Market & Operational Status
• JPJ Suspension: Road Transport Department suspended Zetrix AI Bhd and its subsidiary MyEG Sdn Bhd as collection agents effective October 5.
• Unremitted Funds: The company allegedly failed to remit over RM200 million collected from road tax, licence renewals, and summonses since May 2023.
• Stock Plunge: Shares tumbled significantly, trading sharply lower down to around 8 sen.
• Credit Rating: MARC Ratings revised Zetrix AI's watch status to "negative" due to corporate governance and transparency concerns.
• Auditor Resignation: External auditor TGS TW PLT resigned recently, adding to investor anxiety.
More news: https://t.me/sharestraders
📊 Market & Operational Status
• JPJ Suspension: Road Transport Department suspended Zetrix AI Bhd and its subsidiary MyEG Sdn Bhd as collection agents effective October 5.
• Unremitted Funds: The company allegedly failed to remit over RM200 million collected from road tax, licence renewals, and summonses since May 2023.
• Stock Plunge: Shares tumbled significantly, trading sharply lower down to around 8 sen.
• Credit Rating: MARC Ratings revised Zetrix AI's watch status to "negative" due to corporate governance and transparency concerns.
• Auditor Resignation: External auditor TGS TW PLT resigned recently, adding to investor anxiety.
More news: https://t.me/sharestraders
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