INVESTMENTS IN EQUITY SECURITIES

12 Months Ended

Dec. 31, 2024

INVESTMENTS IN EQUITY SECURITIES

INVESTMENTS IN EQUITY SECURITIES

NOTE 7 – INVESTMENTS IN EQUITY SECURITIES      

	As of
	December 31,			December 31,
	2024			2023
As of beginning of the year	$	1,699,831		$	1,150,898
Addition during the year		492,732			320,733
Disposal during the year		(1,030,368	)		(26,146	)
Fair value gains		69,476			313,859
Impairment during the year		-			(6,194	)
Foreign exchange translation		33,495			(53,319	)
As of end of the year	$	1,265,166		$	1,699,831

For the year ended December 31, 2024 and 2023, the net fair value gains on the investments in equity securities were $69,476 and $313,859 recorded in other income of the Consolidated Statements of Operations and Comprehensive Income/(Loss).  

The investments in equity securities consist of the following shares:
	As of
	December 31,		December 31,
	2024		2023
Investment in equity securities with readily determined fair value:
Malaysia		863,810		1,138,863
Singapore		177,808		79,577
Hong Kong		-		481,391
	$	1,041,618	$	1,699,831
Investment in equity securities without readily determined fair value:
Malaysia		223,548		-
	$	1,265,166	$	1,699,831

The Company’s investment in equity securities is measured at fair value on a recurring basis. These equity securities are classified as Level 1 in the fair value hierarchy, as the fair value is determined using quoted market prices in active markets for identical assets. Specifically, the stock prices of these securities are readily available on the stock exchange, providing a reliable and observable input to the fair value measurement.

As these securities are actively traded, the quoted prices in the market are considered to be the most reliable indicator of fair value. No significant adjustments are made to these prices, as they reflect current market conditions at the measurement date.