Disclaimer

Disclaimer – Research Publications/Products

Company Certification - Asia Securities (Private) Limited has no direct affiliation with the company/companies covered in research publications/products and does not receive any material benefit from the company for publishing.

Research publications/products have been prepared by Asia Securities (Private) Limited. The information and opinions contained herein has been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith. Such information has not been independently verified and no guaranty, representation, or warranty, express or implied is made as to its accuracy, completeness or correctness, reliability, or suitability. All such information and opinions are subject to change without notice. All publications/products are for information purposes only, descriptions of any company or companies or their securities mentioned herein are not intended to be complete and publications/products are not, and should not be construed as, an offer, or solicitation of an offer, to buy or sell any securities or other financial instruments. In no event will Asia Securities (Private) Limited be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising out of, or in connection with the use of research publications and any reliance you place on such information is therefore strictly at your own risk.

Asia Securities (Private) Limited may, to the extent permissible by applicable law or regulation, use the above material, conclusions, research, or analysis in which they are based before the material is disseminated to their clients. Not all clients will receive the material at the same time. Asia Securities (Private) Limited, their respective directors, officers, representatives, employees, related persons and/or Asia Securities (Private) Limited, may have a long or short position in any of the securities or other financial instruments mentioned or issuers described herein at any time and may make a purchase and/or sale, or offer to make a purchase and/or sale of any such securities or other financial instruments from time to time in the open market or otherwise, in each case either as principal or agent. Asia Securities (Private) Limited may make markets in securities or other financial instruments described in the publications, in securities of issuers described herein or in securities underlying or related to such securities. Asia Securities (Private) Limited may have recently underwritten the securities of an issuer mentioned herein. The information contained in the research publications/products is for general information purposes only. All research publications/products are copyright of Asia Securities (Private) Limited and all rights reserved. The publications - in whole or in part- may not, except with the express written permission of Asia Securities (Private) Limited be reproduced or distributed or commercially exploited in any material form by any means whether graphic, electronic, mechanical or any means. Nor may you transmit it or store it in any other website or other form of electronic retrieval system. Any unauthorized use of this report will result in immediate proceedings.

Any views, strategies or products discussed in the research publications/products may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation does not guarantee a profit or protect against loss. Nothing should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes or strategies discussed are suitable for your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product, or strategy prior to making an investment decision. You should be aware of all the risks associated with trading/investing and seek advice from an independent financial advisor if you have any doubts. Contact your Asia Securities advisor for additional information concerning your personal investment goals. You should be aware of the general and specific risks relevant to the matters discussed. You will independently, without any reliance on Asia Securities, make your own judgment and decision with respect to any investment or strategy referenced in the research publications/products.