compare to how much they have sold, the buy back by Creador is insignificant. Hold your horse and wait. The trend is still down. Now it arrive to critical support of 1.42, if break it will continue to slide further.
CTOS will struggle to even reach listing price. no QoQ growth and the credit market have matured since their inception. I'm afraid it has touch its ATH at TP2
Plus the Juristech acquisition, I'm positive on the PP, it won't translate to immediate revenue growth, but it shows they have desire & hunger for growth, rather than settling as just a credit reporting agency.
Having a small stake in Thailand also bodes well for the future, because the high-speed rail from Thai to China will begin operating in 2026, Thailand's economy will be much stronger than Msia in the next decade.
But as this is a high-PE counter, Ctos' share price will be under pressure as long as the Ukr-Rus war is on-going.
"CTOS Digital Bhd’s net profit soared 62.3% to RM12.48 million for its first quarter ended March 31, 2022 (1QFY22) from RM7.69 million last year"
"Revenue rose 12.4% to RM42.7 million, from RM38 million. Share of profits of associates grew 45.8% to RM2.4 million, contributed by CTOS' 49% stake in Juris Technologies acquired in March, and higher profit from Business Online Public Company Ltd"
"The group's earnings per share (EPS) rose to 0.6 sen, from 0.4 sen. CTOS keeps to its 60% dividend payout ratio by declaring a first interim dividend of 0.325 sen per share that will be paid out on June 10, 2022"
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Vjean
35 posts
Posted by Vjean > 2022-03-07 10:26 | Report Abuse
big player Creador keep on buy in, seem stand by for a good show soon, let c