🔴 0176.KL is trading 7.7% down today as investors digest poor Q1 earnings and a proposed capital reduction

0176.KL is trading 7.7% down at MYR 0.12, giving back recent gains as the market reacts to significant negative news released last week.

• On May 12, the company reported a sharp 88% year-over-year drop in Q1 2026 revenue and a significant widening of net losses to MYR 3.30 million.
• On the same day, G3 Global announced a proposed capital reduction to offset nearly RM100 million in accumulated losses.
• The decline follows a surprising rally immediately after the negative announcements and appears to be a delayed market reaction combined with profit-taking.