Last updated Saturday, December 10, 2016 4:42 pm GMT+8

Thursday December 1, 2016
03:44 PM GMT+8

Advertisement

More stories

KUALA LUMPUR, Dec 1 — The Securities Commission and an investment bank are investigating how an analyst’s report on a construction company contained information nearly identical to the company’s quarterly results that it preceded.

According to The Star Online, the analyst who works at the investment bank had prepared a research report on Vivocom International Holdings Bhd, which was released online a day before the company actually released its latest quarterly results.

“In the meantime, it is learnt that the analyst has been relieved of duties,” a source was quoted as saying in the report.

Yesterday, several blogs had noticed the research report that was released a day before Vivocom announced its earnings to Bursa Malaysia.

There are three research houses covering Vivocom: CIMB Research, MIDF Amanah Investment Research and Mercury Securities Sdn Bhd.

The research report has since been removed from the investment bank’s website.

MORE ON MMOTV

Advertisement

MMO Instagram

Tweets by @themmailonline