Disclaimer

1. Information and education only

Zorion Research is a team of finance students at VinUniversity. The research on this site, including reports, financial models, and any other material, is published for information and educational purposes only.

By reading or downloading any material from this site, you accept this Disclaimer, together with our Terms of Use.

2. Not investment advice

Nothing on this site is investment, financial, legal, accounting, or tax advice. Zorion Research is not licensed by the State Securities Commission of Vietnam or by any other authority to provide securities investment advice, and does not provide it.

The material does not take account of the objectives, financial situation, or needs of any reader. You should not rely on it when making an investment decision. Before making any such decision, seek advice from a licensed professional who knows your circumstances.

3. Not an offer or solicitation

Nothing on this site is an offer, invitation, or solicitation to buy or sell any security or other financial instrument, or to take part in any trading strategy, in any jurisdiction.

4. No ratings or price targets

We do not issue ratings or recommendations on any security. Where a report shows an implied value per share, it is the output of the valuation methods described in that report, presented as a range. It is not a price target, a forecast of the share price, or a recommendation.

5. Sources and accuracy

Reports are based on public information, including audited financial statements, company disclosures, and exchange data, that we believe to be reliable. We do not verify that information independently and do not guarantee that it is accurate, complete, or up to date.

Reports contain estimates, projections, and other forward-looking statements. These depend on assumptions that may prove wrong, and actual results may differ materially.

6. Views as of publication

Each report reflects the authors’ own views as of its date of publication, and the share price data as of the date stated in the report. Those views may change without notice. We are under no obligation to update a report after it is published.

7. Financial models

Financial models are provided as is, for study and reference. They may contain errors, simplifications, or assumptions that do not suit your purpose. Anyone who uses, changes, or relies on a model does so at their own risk.

8. Holdings and conflicts of interest

Each report states whether its authors hold a position in the company it covers. We receive no compensation from the companies we cover, and no company reviews or approves a report before publication.

9. No liability

To the fullest extent permitted by law, Zorion Research and its authors accept no liability for any loss or damage, direct or indirect, arising from the use of this site or its content, or from any decision made on the basis of it.

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This site may link to websites run by others, such as stock exchanges or news sources. We do not control those sites and are not responsible for their content.

11. Contact

Questions about this Disclaimer can be sent to research@zorion.asia.