SCAM ALERT – 13 Sep 2024 3 Stock Recomendations By Dr. Tan Chong Koay

Pheim Asset Management Sdn Bhd, Pheim Islamic Asset Management Sdn Bhd and Pheim Unit Trusts Berhad (collectively known as “Pheim”) have been made aware on 13 September 2024 of a suspected scam, actively viral through several social media platforms, including but not limited to Facebook and Whatsapp, impersonating as Pheim’s Founder/ Executive Chairman/ Chief Strategist – Dr Tan Chong Koay.

The suspected scammer is using Bursa’s Logo, as well as using an unauthorised picture, full name of our Dr Tan Chong Koay and an unknown contact number, which does not belong to any Pheim’s representative, to send unsolicited messages in the form of Facebook ads from this unknown number, making stock recommendation to the public to buy 3 unnamed stocks which have bottomed out allegedly approved by Pheim or Dr Tan Chong Koay. Pheim have reported this suspected scam to the relevant Authorities.

Pheim warns the public that it does not have any affiliation or connection with these fictitious and unlicensed persons. Pheim and its founder Dr Tan Chong Koay declares that we have not urged anyone to buy any individual stock or make recommendations to buy any other specific stock, bond, or derivative. Pheim advises the public to be cautious of individuals or organizations claiming or promising dazzling returns or offering exclusive deals with exorbitant profits overnight.  Members of the public are advised to exercise caution when approached by unsolicited investment offers, especially those urging urgency or requesting for personal information or upfront payments.