Zetrix AI Founder Wong Thean Soon’s stake collapse below 2% has breached a covenant on its RM2 billion Sukuk. So what happens next?

Emmanuel Samarathisa, founder of The Malaysianist, joins The Morning Run to trace the four-step downfall of Zetrix, from market rumours that wiped out billions in capitalisation to systemic margin calls.

He highlights three critical areas demanding greater scrutiny, and addresses a critical question: who, if anyone, ultimately takes control of a listed concession holder with no controlling owner left?

Image Credit: Shutterstock

Zetrix AI Founder Wong Thean Soon’s stake collapse below 2% has breached a covenant on its RM2 billion Sukuk. So what happens next?Emmanuel Samarathisa, founder of The Malaysianist, joins The Morning Run to trace the four-step downfall of Zetrix, from market rumours that wiped out billions in capitalisation to systemic margin calls.He highlights three critical areas demanding greater scrutiny, and addresses a critical question: who, if anyone, ultimately takes control of a listed concession holder with no controlling owner left?Image Credit: Shutterstock

Opinion and analysis of today’s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Opinion and analysis of today&rsquo;s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Morning Brief

Inside Zetrix's Stock Collapse & RM2B Sukuk Risk

China’s CSI 300 has slipped into bear market territory, wiping out trillions of dollars in market value as mainland equities lag behind other major Asian markets. Marvin Chen, an equity analyst at Bloomberg Intelligence share his outlook on Chinese equities' valuations with corporate earnings under pressure and the country’s tech stocks losing ground as well as if valuations are now attractive enough to draw investors back.

Image Credit: Shutterstock

China’s CSI 300 has slipped into bear market territory, wiping out trillions of dollars in market value as mainland equities lag behind other major Asian markets. Marvin Chen, an equity analyst at Bloomberg Intelligence share his outlook on Chinese equities' valuations with corporate earnings under pressure and the country’s tech stocks losing ground as well as if valuations are now attractive enough to draw investors back.Image Credit: Shutterstock

China’s Stocks : Time to Buy the Dip?

Melaka's 28 state seats are up for grabs when polling day takes place Nov 14th. Its election is also shaping up to be an important test of Malaysia’s political alliances ahead of GE16, with Barisan Nasional, Pakatan Harapan and Perikatan Nasional negotiate seat allocations. Dr Oh Ei Sun, Principal Adviser at the Pacific Research Centre, shares his analysis on these developments.

Image Credit: Shutterstock

Melaka's 28 state seats are up for grabs when polling day takes place Nov 14th. Its election is also shaping up to be an important test of Malaysia’s political alliances ahead of GE16, with Barisan Nasional, Pakatan Harapan and Perikatan Nasional negotiate seat allocations. Dr Oh Ei Sun, Principal Adviser at the Pacific Research Centre, shares his analysis on these developments.Image Credit: Shutterstock

Melaka Election : A Changing Political Alliances

Luiz Inácio Lula da Silva has secured a historic fourth term as Brazil's president, narrowly defeating Flávio Bolsonaro in a closely contested runoff. But with Bolsonaro challenging the result and conservative parties strengthening their position in Congress, Lula faces a difficult political landscape. We examine what the election reveals about Brazil's deep divisions, whether Lula can deliver on his economic and social promises amid mounting public debt, and how his victory could reshape relations with the United States. With no clear successor emerging, questions also remain about the future of Lula's Workers' Party and the enduring influence of the Bolsonaro movement.



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Image Credit: Shutterstock

Luiz Inácio Lula da Silva has secured a historic fourth term as Brazil's president, narrowly defeating Flávio Bolsonaro in a closely contested runoff. But with Bolsonaro challenging the result and conservative parties strengthening their position in Congress, Lula faces a difficult political landscape. We examine what the election reveals about Brazil's deep divisions, whether Lula can deliver on his economic and social promises amid mounting public debt, and how his victory could reshape relations with the United States. With no clear successor emerging, questions also remain about the future of Lula's Workers' Party and the enduring influence of the Bolsonaro movement.The Morning Brief is brought to you by CIMB Private Wealth. Move your wealth forward with personalised wealth advisory and priority access to investment opportunities.Image Credit: Shutterstock

Inside Zetrix's Stock Collapse & RM2B Sukuk Risk

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