Not sure why IB allocate this company with high PE of 40-50. Those who work in the financial institution would know this company very well. It's just a company entity delivering reports services to FI and non bank FI mainly to get details of bankruptcy and litigation status. In fact, CCRIS would be a more important report. Just over the last few years ,the company actively add some value add services and acquisition to make it attractive for IPO. In my opinion, it's still a reporting database company with additional bells and whistle and with PE worth not more than 15.
"The credit reporting agency’s revenue rose 22.9% to RM46.51mil in the second quarter from RM37.8mil a year earlier bolstered by a strong performance from its core business across all three customer segments.
Earnings per share stood at 0.90 sen in the second quarter ended June 30, compared with 0.60 sen in the previous corresponding period."
Creador cuts stake in CTOS by nearly half to 14.25% KUALA LUMPUR (Feb 2): Private equity firm Creador has further pared down its shareholding in CTOS Digital Bhd to 14.25% from 26.6% as on Dec 19, by disposing of 284.81 million shares via Inodes Ltd on Thursday (Feb 2).
Creador previously sold 38 million shares on Dec 19, reducing its stake to 26.6% from 28.2% as on Nov 1.
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....
Posted by Juliette0331jooley > 2022-05-24 15:58 | Report Abuse
Discount more, buy more