Posted by Chachambo > 2021-12-08 14:41 | Report Abuse

https://www.thestar.com.my/business/2021/12/08/ctos-digital-raises-stake-in-ram-to-rm81

Dec 8 - "CTOS Digital Bhd has upped its stake in RAM Holdings Bhd by an additional 3.5%, bringing its total shareholdings in the bond rating agency to 8.1%"

Posted by leestar > 2021-12-09 09:09 | Report Abuse

Road to RM 2.1

Posted by xuxu > 2021-12-09 09:09 | Report Abuse

hehe CTOS gogogogo !!!

Posted by Chachambo > 2021-12-09 16:11 | Report Abuse

https://focusmalaysia.my/ctos-prospects-intact-amid-soft-market-sentiment-business-concerns/?fbclid=IwAR2zFApkeVZdubIi1WTjaNuuLcTIO-5tkbBmYGMt_70WH09Sh1ttr-gsnbI

9 Dec - Kenanga Research listed the catalysts as follows:

- Greater demand for reports fuelled by a boom in eKYC (know your customer) across industries as customers from financial institutions to e-payment providers look to fully onboard clients virtually;

- Healthy appetite for merger & acquisitions (M&As) (including regional) to fuel earnings growth; and

- Continued growth from new products in new sectors (auto, insurance and real estate).

With its share price correction “presenting an attractive opportunity to own a scarce ASEAN-listed credit rating agency”, Kenanga Research has upgraded CTOS to “outperform” (from “market perform previously) with an unchanged target price of RM2.

“The current price of RM1.77 implies a FY2022E PER of 49.3 times compared to our ascribed 55 times,” noted the research house.

“CTOS continues to deserve a 55x PER for its (i) market leader status with 71.2% share in an underpenetrated market; (ii) more robust industry growth (2021-2025E compound annual growth rate (CAGR) of 13.2%) vs developed nation peers (US: 7.5%; UK: 5.3%; and (iii) superior earnings growth of ~20% (vs peers’ 12-14%).”

Posted by nmaa3003 > 2021-12-09 16:54 | Report Abuse

ctos share already finished retrace after hitting 1.7x sen.

should be up now slowly.

Posted by fionalum > 2021-12-10 10:47 | Report Abuse

gogogo

Posted by canbuyla > 2021-12-10 20:48 | Report Abuse

maybe can rebound a bit

Posted by wallstreetrookie > 2021-12-13 11:46 | Report Abuse

Hmm so it is quite difficult to value CTOS at this point. Private equity unicorn companies. Generally don't put eggs in one basket.

Posted by wallstreetrookie > 2021-12-13 11:47 | Report Abuse

PE unicorn companies are generally pretty volatile.

CTOS Maintain Neutral

Posted by newbie8080 > 2021-12-13 12:13 | Report Abuse

@wallstreetrookie

I believe most IB make a mistake in putting a high PE for CTOS.

They pegged it close to high growth tech startups.

It's only data service company that provide credit details of companies and other valued added biz.

When comparing Q3 with Q2 results, there is almost ZERO growth qoq.

Posted by newbie8080 > 2021-12-13 12:17 | Report Abuse

Of course there are some here hoping the price will shoot over RM2, RM3, Rm5.

That's forward price earnings of more than 80, 120 and 200.

Posted by Chachambo > 2021-12-13 15:04 | Report Abuse

There was zero growth in their Q3 result because Malaysia spent Q3 under lockdown, property and vehicle sales were affected, leading to lower revenue generated by Ctos reports. It was good enough their Q3 result matched Q2's.

Posted by newbie8080 > 2021-12-13 15:15 | Report Abuse

@Chachambo

Are you aware that most financial institution like banks and credit company remain open during the MCO?

They are part of essential services.

Besides that, CTOS generate report and receive payment online.

That's why it's named as CTOS digital berhad. Lol.

Posted by Chachambo > 2021-12-13 15:28 | Report Abuse

Clearly banks were part of essential services. But property and vehicles sector were not. Lesser sales from those sector naturally meant lesser demand for Ctos reports during a lockdown.

Posted by canbuyla > 2021-12-13 21:02 | Report Abuse

forming downtrend channel

Posted by Chachambo > 2021-12-13 21:50 | Report Abuse

"Regarding business risks, in its initial public offer (IPO) prospectus, CTOS pointed out that it enjoys pioneer status tax relief (effective tax rate of 5.8% for FY20), which is significantly lower than the statutory tax rate of 24% in Malaysia.

The group believes the pioneer status will be renewed this year, and it plans to seek the renewal from the Malaysia Digital Economy Corp in the third quarter of 2021, for five years until November 2026."

https://www.thestar.com.my/business/business-news/2021/07/03/new-products-solutions-to-drive-ctos-growth

There are a few possible negative catalysts for this counter, as pointed out in the news above, they currently have pioneer status tax relief, which might or might not be renewed. It could put pressure on the share price, considering government is trying hard to increase tax revenue.

And the negative impact of 6 weeks of temporary suspension of Ccris in Q4 is an unknown factor too, we'll only know when Q4 result comes out next month.

And Inodes' (Creador) 6-month moratorium ends next month too.

Posted by Will188 > 2021-12-14 23:05 | Report Abuse

When buy stock go for opposite of rasional..u Still not un...

Posted by newbie8080 > 2021-12-16 12:38 | Report Abuse

@Chachambo

Very much agreed that property and vehicle sectors were not essentials during that period.

Fyi, 75% of the revenue generated are recurring and are non individual.

Likely property and vehicle purchase may not be main contributor as compared to biz loan, OD, for SME industry which is the backbone of the economy.

Posted by Chachambo > 2021-12-16 14:44 | Report Abuse

Clearly revenue related to property & automotive sectors were not main contributors to Ctos revenue, otherwise their Q3 would be much worse.

SME indeed is backbone of the economy, and SME was also the sector badly affected by lockdown in Q3, which was mainly why Ctos' Q3 registered no growth compared to Q2.

That's why IB were not wrong to give Ctos high target prices, considering Ctos quarterly reports registered growth even during pandemic, when economy gradually recover towards pre-Covid levels Ctos naturally would register higher revenue.

Posted by Chachambo > 2021-12-16 16:20 | Report Abuse

https://www.theedgemarkets.com/article/hlib-research-initiates-coverage-ctos-target-price-rm245

“On Nov 17, 2021, CTOS announced that it has received a confirmation from BNM that its access to CCRIS has been restored. Sensitivity wise, for every month of prolonged CCRIS suspension, it would impact the group’s revenue by RM4 million and PATAMI by RM1.6 million — which is 3% of FY21F PATAMI, based on our estimates,”

HLIB initiates coverage on CTOS while giving an estimate the impact of 6 weeks of temporary suspension of Ccris in Q4.

Posted by Xcalibre > 2021-12-16 22:30 | Report Abuse

HLIB’s call is totally BS… and NOT justifiable at all..

HLIB TP for CTOS of RM2.45 is premised on a forecasted FY22 price-to-earnings (P/E) multiple of 74 times, which is at EXTREME PREMIUM compared to its GLOBAL CRA peers’ with average forecasted FY22 forward P/E of JUST 34 times.

Malaysia market is smaller compared to developed market while Ctos earnings and growth have been declining.. and weakening… total BS to forecast CRAZILY high and UNJUSTIFIABLE PE of 74 times…

Posted by Xcalibre > 2021-12-17 10:52 | Report Abuse

Foreign funds also getting out of CTOS already..

Posted by yingzhe17 > 2021-12-17 13:28 | Report Abuse

Wait for 1.5

Posted by investortrader88 > 2021-12-21 18:31 | Report Abuse

Managed to get some tickets at RM1.73.good luck guys.

Posted by SHAH NURSYAHMIAIMAN NOOR JALAINI > 2021-12-21 18:34 | Report Abuse

The Board of Directors of CTOS wishes to inform that CTOS Data Systems Sdn Bhd (“CTOS Data Systems”), a wholly-owned subsidiary of the Company, had on 21st December 2021 received a letter from Bank Negara Malaysia (“BNM”) dated 17th December 2021, stating that the fee waiver for Central Credit Reference Information System (“CCRIS”) report extractions which would be due to expire on 31st December 2021 will be extended until 31st December 2022.



The estimated rebates given to CTOS’ customers arising from the CCRIS fee waiver are expected to be more than 10% of last year’s consolidated revenue. Similarly, as in the current financial year, CTOS does not expect any material impact on the profitability for the financial year ending 31st December 2022, from this CCRIS fee waiver extension.



This announcement is dated 21st December 2021.

Posted by Kalvin9663 > 2021-12-21 21:54 | Report Abuse

I saw the chart share price momentum and rsi deviation

Posted by Kalvin9663 > 2021-12-21 21:55 | Report Abuse

macd will golden cross soon?

Posted by Chachambo > 2021-12-23 23:00 | Report Abuse

Business Online PCL (BOL) which Ctos has 22.65% stake in it, their stock price has closed at historic high on Thai stock exchange today.

Posted by psd57 > 2021-12-24 11:46 | Report Abuse

Too high a PE. Price needs to come down further to tp Rm 1.30++ level
**No CRISS platform now

"No CCRIS access for credit reporting agencies – for now".........TP 1.30c...

Posted by SHAH NURSYAHMIAIMAN NOOR JALAINI > 2021-12-24 19:16 | Report Abuse

On behalf of the Board of Directors of CTOS Digital, Maybank Investment Bank Berhad wishes to announce that the Company proposes to undertake the Proposed Acquisition of Juris Technologies.

The Company is also proposing to undertake the following:

(i) Proposed Additional BOL Acquisition; and

(ii) Proposed General Mandate.

Please refer to the attachment for further details on the Proposals.

This announcement is dated 24 December 2021.

Posted by Chachambo > 2021-12-24 19:31 | Report Abuse

https://www.theedgemarkets.com/article/ctos-digital-buy-49-stake-fintech-specialist-juristech-rm2058m

'CTOS Digital to buy 49% stake in fintech specialist JurisTech for RM205.8m'

'Separately, in a bourse filing, CTOS Digital has also proposed to raise its stake in Business Online Public Company Ltd (BOL) from 22.65% currently by 2.25% to 24.9%, to increase its share of profits from the largest company information bureau in Thailand, with an estimated 59% of market share in terms of annual revenue.'

Posted by rr88 > 2021-12-27 11:19 | Report Abuse

I told u dy. 1.77 only. What happen to 2.04 he he..

Market rule of thumb. When it fails to move up on good news, IT WILL FALL.

Sell !

Posted by Vicky > 2021-12-27 16:05 | Report Abuse

aiyoo fintech where got tangible assets. only intangible lerrr so mesti turun harga stock

Posted by Stockhunter88 > 2021-12-27 22:41 | Report Abuse

Legendary waterfish company acquisition, good luck

Posted by NasiKurangManis > 2021-12-28 09:09 | Report Abuse

Nowadays valuable assets are data and tech that can help a company create solutions to reach the right customers - instead of tangible assets like inventory.

This acquisition should bring value overtime, especially since it is in sync with CTOS' direction to digitize - its a matter of shareholders recognizing this value.

Posted by NatsukoMishima > 2021-12-28 10:20 | Report Abuse

Ipo only rm 1.10 ! Too high expectations on this so call tech stock !

Posted by Chachambo > 2021-12-28 12:53 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/12/28/improving-sentiment-on-ctos-digital

28 Dec - 'As up to five digital banking licences may be issued as early as in the first quarter of 2022 and with the emergence of various peer-to-peer lending and micro-lending players, CTOS’ proposals will enable it to better equip itself and put it firmly on the path of becoming a prominent service provider, they noted.

RHB Research said there were also opportunities to cross-sell and tap into each other’s clientele regionally.

Kenanga Research said although the earnings accretion is diluted by the placement, it was still positive on the deals, especially on the JurisTech acquisition, as this would allow CTOS to provide an end-to-end digital lending service.

However, the 6.2% earnings dilution from an enlarged share base would weigh in and only enhance FY22 EPS by about 1%.

It retains its “outperform’’ call with a target price of RM2 a share.

Both RHB Research and HLIB Research retain their “buy’’ calls with target prices of RM2.42 and RM2.45 a share, respectively.'

Posted by newbie8080 > 2021-12-28 14:27 | Report Abuse

Just fresh from IPO raising more than RM1 billion, now private placement to raise another RM240mil.

Posted by abwwmdtif > 2021-12-28 14:29 | Report Abuse

Good news & good move on CTOs. Wish ikan bilis buy and HODL like diamond hand. Crash the MM who short it.

Posted by Newbie_123 > 2021-12-29 00:22 | Report Abuse

This stock will yoyo around this price. Will struggle to breakout from 2.00. Don't expect too much

Posted by yingzhe17 > 2021-12-29 09:30 | Report Abuse

Would avoid

Posted by megat135 > 2021-12-29 11:09 | Report Abuse

CTOS is overvalued. PE of over 60x for a credit check company is outrageous. Credit check company PE is only 20x. See CBA in Singapore, trading only at 20x. CTOS should only be trading below RM1/share. Last quarter earnings show that the company has no significant growth to justify the PE 60X.

Posted by rr88 > 2021-12-29 12:18 | Report Abuse

Ladies n gents. Master want to warn you. Sell.

There are 2 DESCENDING TRIANGLES registered on the chart. These are BEARISH indicators.

First one at 2.06 - 1.89 has already broken.

Second one in progress at 1.86 - 1.72.

Positive announcement on 24 dec TEMPORARILY diverting this price action.

It will soon resume this mechanics of completing n breaking down below 1.72 towards its technical target of 1.57.

RUN WHILE YOU STILL CAN!

Posted by abwwmdtif > 2021-12-29 12:49 | Report Abuse

Haha many negative opinions toward this counter. Why is that?

Descending Triangle Pattern is kinda bullish reversal pattern too (:D) https://tradingsim.com/blog/descending-triangle/

PE Ratio article : https://www.forbes.com/sites/greatspeculations/2015/12/16/heres-why-pe-ratios-are-a-poor-way-to-measure-value/?sh=3b249c865037

Cheers

Posted by xuxu > 2021-12-29 15:00 | Report Abuse

Be patient hehe

Posted by Aaron_tan > 2022-01-07 12:31 | Report Abuse

Sold all 1.94. Thanks buyer

Posted by Aaron_tan > 2022-01-07 12:31 | Report Abuse

Agree with rr88. Will limit down soon

Posted by Aaron_tan > 2022-01-10 16:32 | Report Abuse

1.88 ... run !!!!!!!!!!!!!!!!!!!

Posted by Will188 > 2022-01-10 19:23 | Report Abuse

When buy stock try think opposite with small retailer

Posted by NasiKurangManis > 2022-01-14 09:35 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/01/11/analysts-expect-earnings-growth-from-ctos039s-juris-acquisition
News 2 days ago.. Analysts expect CTOS up to 30% earnings growth. RHB calls buy with TP RM2.40. HLB puts TP RM2.45