20 Oct - 'Group CEO Dennis Martin tells The Edge in an email reply that the credit reporting agency submitted its initial findings to Bank Negara last Friday after going through rigorous independent assessment.'
'He says that the assessment undertaken to date, which remains ongoing, shows that no breach has been detected in CTOS. The group is proactively sharing reports of the various assessments and additional security measures undertaken to Bank Negara on a regular basis.'
This stock is overpriced. While CTOS does control the lion share of the credit rating industry in Malaysia, and enjoys a moat of sorts, is it worth a PER of 66 -- even on a forward basis? We are told it'll potentially grow 46% annually. I find this to be rather fantastic. Consider Bursa. It is a monopoly, with a wide moat. Its PER, however, is only 16. If CTOS is priced like Bursa, it will be trading at around one fourth its current price.
Overpriced? What about genetech with pat of 8mil trading at rm50 soon? No such thing as overpriced in gambling den of KLSE bro. Gloves billion PAT but still one digit PER.
EPS PE PER PAY ETC Triangle Harami Engulfing Sausage If reliable and working... It will make trading and investing so so so much simpler & we can having party every week.
21 Oct - 'Maybank IB Research maintained its “buy” rating on CTOS with a marginally higher target price of RM2.35 (from RM2.34 previously) based on 2.8 times FY2022 price/earnings-to-growth (PEG) target (in-line with global peer basket mean)'
22 Oct - 'Maybank Investment Bank Bhd (Maybank IB) analyst Fahmi Farid said the compromise assessment had been completed following the independent information technology security firm testing, with no breach identified within CTOS' internal systems.'
Ctos is not a stock you go in to trade. It’s a stock you invest with long term view. It’s not fintec stock where anyone can simply speculate every month up and down 50% where the Operator scam you and make money. So, avoid buying ctos to trade.
CCRIS suspension: CTOS submitted assessment report on Oct 18, awaiting BNM review theedgemarkets.com
October 26, 2021 11:55 am
KUALA LUMPUR (Oct 26): CTOS Digital Bhd, which is among the credit reporting agencies suspended from accessing the Central Credit Reference Information System (CCRIS) amid potential cyberthreats, said that its assessment indicated no breach of its data assets.
In a letter submitted to its clients on Monday (Oct 25) sighted by The Edge, CTOS stated that it completed and submitted a compromise assessment to Bank Negara Malaysia (BNM) on Oct 18.
“The findings confirmed that CTOS’ data assets are secure and there is no indication of [any] breach,” CTOS said.
“We are now awaiting BNM to finish its review of our compromise assessment report.
“Based on the findings that show no data breach, we expect the CCRIS suspension to be lifted soon,” CTOS added.
the momentum is building up and once BNM completed the assessment the stock will boost again. As a smart trader do make use of market trend and buy ahead.
@yingzhe17 Dont't just simply talk cock when u have no prove evidence to back your statement. This is a big company. Not like apek kaki penipu company.
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....
Chachambo
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Posted by Chachambo > 2021-10-20 14:56 | Report Abuse
https://www.theedgemarkets.com/article/ctos-hopeful-access-ccris-reinstated-soon
20 Oct - 'Group CEO Dennis Martin tells The Edge in an email reply that the credit reporting agency submitted its initial findings to Bank Negara last Friday after going through rigorous independent assessment.'
'He says that the assessment undertaken to date, which remains ongoing, shows that no breach has been detected in CTOS. The group is proactively sharing reports of the various assessments and additional security measures undertaken to Bank Negara on a regular basis.'