This material is not intended to constitute research analysis or recommendation and should not be treated as such.

Any opinions or views expressed in this material are those of the author and third parties identified, and not those of OCBC Bank (Malaysia) Berhad (“OCBC Bank”, which expression shall include OCBC Bank’s related companies or affiliates).  OCBC Bank does not verify or endorse any of the opinions or views expressed in this material.  You should beware that all opinions and views expressed are subject to change without notice, and OCBC Bank does not undertake the responsibility to update anyone with any changes to the opinions and views expressed.

The information provided herein is intended for general circulation and/or discussion purposes only and does not contain a complete analysis of every material fact. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.

OCBC Bank is not acting as your adviser. This material is provided based on OCBC Bank’s understanding that (1) you have sufficient knowledge, experience and access to professional advice to make your own evaluation of the merits and risks of any investment product and (2) you are not relying on OCBC Bank or any of its representatives or affiliates for information, advice or recommendations of any sort except for specific factual information about the terms of the transaction proposed.  This does not identify all the risks or material considerations that may be associated with any of the investment products. Prior to purchasing the investment product, you should independently consider and determine, without reliance upon OCBC Bank or its representatives or affiliates, the economic risks and merits, as well as the legal, tax and accounting characterisations and consequences of the investment product and that you are able to assume these risks.