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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.
With the current management in charge investors have no confidence in the company despite having a golden rice bowl. The proposed name change can't hide the facts that the company is badly managed.
Although SBB is good for shareholders but taking on debts to do so is never prudent, especially when the majority shareholders are not supporting the company's share price themselves. Even more puzzling is their action of converting their warrants at a significantly higher price than buying from the open market.
Overall if all the majority shareholders lack the confidence of buying their own company at such distraughted price, no amount of words about its intricate value carry much weight.
All technology stocks are climbing except Zetrix. The management is so busy constantly buying and selling on a daily basis rather than focusing on the business. This kind of boss doesn't give investors much confidence.
When you play the stock market the stocks you buy will either go up or come down, any analysts covering the stock will have a basis on why they think the stock will go up or down, so when any smart Alex says it will go up or down, then give a reason to backup what you say, or else you guess is as good as anyone else. Right now many stocks are also down and not only this stock, so when giving comments make it useful and not just making noise. Empty vessels make the most useless noise.
