CTOS (5301): Financials Summary, Key Results, Growth

ABRDN continues to collect CTOS and has high hopes for CTOS 😃

2024-06-19 15:11

looks like EPF and ABRDN sold Kossan and then bought this CTOS

2024-06-26 11:28

CTOS Digital could extend upside movement, says RHB Retail Research
https://theedgemalaysia.com/node/716812

2024-06-27 19:28

https://theedgemalaysia.com/node/718291?client_hour_clock=24&clientlang=2

CTOS will back to RM1.50 floor in one day 🤗

2024-07-09 10:05

sherene08

2024-07-09 16:00

sherene08

The Court of Appeal (COA) on Tuesday overturned a High Court decision that required CTOS Data Systems Sdn Bhd (CDS) to pay RM200,000 damages to a businesswoman earlier this year.

A three-member bench, led by judge Datuk Lee Swee Seng, in allowing CDS’ appeal, ruled that there was no defamation, no negligence, and no breach of statutory duty by the credit-rating agency.

The bench also ruled that the High Court decision or ruling made earlier this year that gave businesswoman Suriati Mohd Yusoff the damages was erroneous.

In addition, Lee, who sat with judges Datuk Azimah Omar and Datuk Azmi Arifin, ordered Suriati to pay costs of RM65,000.

CDS was represented by Datuk Malik Imtiaz Sarwar, Ashok Kandiah, and Khoo Suk Chyi. They separately confirmed the decision and brief broad grounds to The Edge.

Imtiaz said the decision on Tuesday is an important decision for the credit-rating industry.

2024-07-09 16:01

https://www.msn.com/en-my/money/topstories/coa-overturns-high-court-decision-that-required-ctos-to-pay-damages-to-businesswoman/ar-BB1pEA5k

COA overturns High Court decision that required CTOS to pay damages to businesswoman

2024-07-09 16:07

Today can see RM1.50 or not ?? Go Go Go...

2024-07-09 16:14

TJLLl98

counter suspended

2024-07-09 16:34

NoTimeToTrade

Kan I dah kata, the judge was mulut celupar, if his honour kept his opinion to himself, then the businesswomen could've gotten compensation, now because of him, the high court had to throw the entire judgement out.

2024-07-09 16:55

zzprozaz

Post removed.Why?

2024-07-10 08:39

Then that businesswoman need to pay CTOS for wrongful prosecution ...? 😆

2024-07-10 20:08

https://www.thestar.com.my/business/business-news/2024/07/10/ctos-court-win-alleviates-overhanging-business-risk-say-analysts

"This is a positive win for CTOS but we reckon that the market has baked in a victory ahead of today’s court outcome; this is because its price had recovered to RM1.45 a share from a low of RM1.05 a share when the negative High Court ruling was first announced," said Hong Leong Investment Bank (HLIB) Research in an update.

"That said, before the price plunge, CTOS only managed to reach a one-year peak of RM1.52 a share and most of the time it was oscillating sideways."

The research firm expects the share price upside moving forward to be limited. It reiterated its "hold" recommendation but raised the target price to RM1.60 from RM1.50.

RHB Research, meanwhile, maintained its "buy" call and raised its target price on CTOS to RM1.84 from RM1.77.

"We lower the risk premium given the legality of credit scoring in CRA business is now settled and the dismissal of this dangerous precedent stemming from the initial High Court’s ruling may prevent a floodgate of claims against CTOS," it said in a note.

Kenanga Research upgraded CTOS to "outperform" from "underperform" with a higher target price of RM2 from RM1.15 previously.

2024-07-11 09:32

HLIB
RM1.50 >> RM1.60

RHB
RM1.77 >> RM1.84

Kenanga
RM1.15 >> RM2.00

2024-07-11 09:39

Hold until it achieves Kenanga's TP

2024-07-11 16:13

NoTimeToTrade

hold CTOS until you old, this industry is a forever business, for 20 years since i came back from UK, i have wondered why malaysia still don't have any way to buy solid info on private companies. In UK people buy and sell micro and small businesses on a daily basis because they can check the health of the business, unlike here in the past we had to GAMBLE to buy someone else's business.

2024-07-12 12:05

Volz4321

Just fly already,

2024-07-13 14:31

https://businessreport.ctoscredit.com.my/oneoffreport/home

Wasatch Advisors, Inc. provides investment advisory services. The Company offers asset management, investment advisory, and financial planning services. Wasatch Advisors serves customers in the States of Utah and Wisconsin 🤓

https://klse.i3investor.com/web/insider/detail/SBSH_590548_73552548

2024-07-16 15:33

wisdomtot

2024-07-16 22:34

Continue to collect until it breaks RM1.50

2024-07-19 15:42

time to shine when others are down

2024-07-22 10:25

Ctos also follow others downhill 😅

2024-07-22 12:26

Downhill or not, just keep collecting until it flies high 😁

2024-07-29 17:01

CTOS’ 2Q net profit up 20.7% on higher contribution from all customer groups 🔥

https://theedgemalaysia.com/node/721312

2024-08-02 20:06

Dow futures fall 300 points as Amazon drops after earnings, jobs report ahead

2024-08-02 20:08

whole market on sales

2024-08-05 12:07

Ya, 4% - 8% discount

2024-08-05 20:09

1 day offer only 😄

2024-08-06 16:07

ya epf also sapu more got div coming

2024-08-06 18:43

Local funds are re-entering the market

2 months ago

Actually local institutions were buying when the market crashed on Monday

2 months ago

Volz4321

when this one gonna fly;still waiting

2 months ago

back to 1.40 only see now boring

2 months ago

Buy & keep 1st then before it goes back up to 1.40

2 months ago

wow, Creador is buying in

https://klse.i3investor.com/web/insider/detail/SBSH_593191_3130752576

2 months ago

NoTimeToTrade

rhtc88, come tell us, what's your average price?

2 months ago

You sound like that businesswoman, rhtc88 😂

2 months ago

Now you look like her, rhtc88 😆

2 months ago

Don't mind him. Anyway, CTOS ups its dividend policy payout to 70%

https://www.thestar.com.my/business/business-news/2024/08/19/ctos-ups-its-dividend-policy-payout

2 months ago

Court orders Teh Brother Timber Sdn Bhd to pay RM200,000 for false info to CTOS. Dnt play play

https://www.freemalaysiatoday.com/category/nation/2024/09/05/court-orders-company-to-pay-rm200000-for-false-info-to-ctos/

1 month ago

iscmob

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3482947

"Reference is made to the previous announcements released on 11 March 2024, 14 March 2024, 3 April 2024, 9 July 2024 and 8 August 2024 in relation to the litigation case between Suriati binti Mohd Yusof ("Plaintiff " / “Applicant”) and CTOS Data Systems Sdn Bhd (“Defendant” / "CDS"). The Board of Directors of CTOS wishes to update on the progress of this case.

The Federal Court has fixed Case Management on 23 October 2024 and Hearing on 6 November 2024 for the Applicant’s Motion for permission to appeal to the Federal Court against the decision of the Court of Appeal on 9 July 2024 allowing CDS’ appeal.

CDS has been advised by its solicitors that there is high prospect in successfully opposing the Applicant’s Motion.

..."

1 month ago

She will lose for sure 😗

1 month ago

lucky i move on early, no power this stock

1 month ago

berbolabiru

Institutional buy.. retail sell

1 month ago

Local fund sold recently also ...

1 month ago

Only foreign fund was buying currently ..

3 weeks ago

BostonMaxwell

Uncle accumulate finish dy.... Waiting engine start

2 weeks ago