LLOYD LAM's comment on ZETRIX. All Comments

LLOYD LAM
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Target Price Downgrade on Higher Gearing:
 MBSB Research reduced its target price for Zetrix AI Berhad, pointing to a 91.7% surge (RM408.3 million) in short-term loans and borrowings, primarily driven by Islamic Medium-Term Notes used to fund capital-intensive blockchain and AI initiatives. The rising leverage prompted analysts to adopt a more conservative valuation multiple.
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