The Velvet Den and its analysts are not registered investment advisers, broker-dealers, fund managers, financial planners or licensed financial professionals in any jurisdiction. The Velvet Den does not hold a Capital Markets Services Licence and is not licensed, registered or regulated by the Securities Commission Malaysia or any other financial regulator, and nothing it publishes constitutes the regulated activity of advising on securities or derivatives. All content reflects personal opinion, research and experience, is general in nature, and is never tailored to any individual’s objectives, financial situation or needs.