Disclaimer and terms of use

1. About Iro Investment

Iro Investment is an independent investment research house operated by [REGISTERED ENTITY NAME] (UEN [UEN]), with its registered address at [REGISTERED ADDRESS], Singapore. We do not accept client money or offer portfolio management through this website.

[REGULATORY STATUS STATEMENT]

2. General information

The research notes, ratings, fair value estimates and model portfolios on this site are published for general information. They do not constitute an offer, solicitation or personal recommendation to transact in any security or investment product. Access to this material does not establish an advisory or client relationship with Iro Investment.

3. Independent decisions

Our content does not take account of your objectives, financial circumstances or needs. It is not personal investment, legal or tax advice. You are responsible for your own decisions and should obtain appropriate independent professional advice before acting on the material.

4. Research opinions and estimates

Ratings, fair values and forecasts express our assessment at the date of publication. They depend on assumptions about businesses, markets and future events that may not hold. A Buy, Hold or Sell rating is a research classification, not an instruction to trade.

Actual outcomes may differ materially from our estimates. Opinions may change without notice, and we undertake no obligation to update previously published research unless required by law.

5. Model portfolios and performance

Our model portfolios record hypothetical investment decisions. They are research tools, not accounts holding client assets. Model performance does not represent returns earned by an investor and cannot fully capture the effects of market liquidity, execution constraints or real-world decision making.

Performance is calculated using [MODEL PERFORMANCE METHODOLOGY], from [PERFORMANCE START DATE], in [REPORTING CURRENCY]. The treatment of fees, transaction costs, taxes and dividends is [PERFORMANCE COST AND INCOME TREATMENT]. Any use of backtested results is described in [BACKTESTING DISCLOSURE].

Past results, forecasts and modelled outcomes do not assure future performance. Investments can lose value, including the full amount invested, and currency movements can affect returns. Images and conceptual charts are illustrations unless expressly identified as performance data.

6. Research process

Our research uses public information and analytical tools, including AI models. These tools support the research process and may produce incomplete or incorrect results. Review does not eliminate every error. Material information should be checked against the original company filings and other primary sources before it is relied upon.

7. Accuracy and availability

We take reasonable care in preparing material, but do not warrant that it is accurate, complete or current. Company disclosures, market data and other third-party sources may contain errors or change after publication.

The website and its content are provided as available. Access may be interrupted, and we may amend or remove content without notice.

8. Interests and conflicts

Iro Investment's founders and contributors may hold or trade securities discussed on this site. Their interests and transactions may differ from the positions or opinions expressed in our research.

[CONFLICTS OF INTEREST AND PERSONAL DEALING DISCLOSURE]

9. Limitation of liability

To the extent allowed by applicable law, Iro Investment, its founders and contributors exclude liability for losses arising from access to, inability to access, or reliance on this website and its content. This includes investment losses and loss of profits, opportunity or data.

These terms do not exclude or limit liability that cannot lawfully be excluded or limited, including liability for fraud or fraudulent misrepresentation.

10. Intellectual property

Content, design and branding on this site are owned by Iro Investment or used with permission, unless otherwise indicated. You may view material for personal reference and share links or short quotations with attribution. Other reproduction, modification or commercial redistribution requires prior written permission, except where allowed by law. Third-party rights remain with their respective owners.

11. External websites and privacy

Links to external websites are provided for reference and do not imply endorsement. We do not control their content, availability or privacy practices. Their own terms apply when you use them.

Our privacy notice explains how we handle personal data in connection with this website and your correspondence.

12. Permitted use and audience

This site is intended for readers in Singapore and is not directed at anyone whose access or use would breach local law. You are responsible for observing restrictions that apply in your jurisdiction.

You must not misuse the site, introduce harmful software, attempt unauthorised access or interfere with its operation.

13. Governing law

These terms are governed by Singapore law. Disputes arising from these terms or use of this site are subject to the exclusive jurisdiction of the Singapore courts. If a provision is found unenforceable, the remaining provisions continue to apply.

14. Changes to these terms

We may revise these terms by publishing an updated version on this page. Changes apply from the stated revision date. Please review the terms when using the site.

15. Contact

For questions about these terms or permission to reproduce material, email contact@iroinvestment.com or write to [REGISTERED ENTITY NAME] at [REGISTERED ADDRESS], Singapore.