Posted by fortunefire > 2024-03-13 10:52 | Report Abuse

No good news, how to push up? ctos boss sure wanna run too

Posted by purple70 > 2024-03-13 10:55 | Report Abuse

QUOTE
“Regardless of the timing of this case, we will continue to operate and provide the information to financial institutions and clients,” group chief executive officer Erick Hamburger told a media briefing.

Chin said CDS' management had a meeting earlier on Tuesday with its regulator — the Registrar Office of Credit Reporting Agencies under the Ministry of Finance — to provide an update on the legal case, and highlight its role in providing credit scores as well as credit services.

"At no point in time [during the meeting] was there any indication that we are not allowed to provide [the services],” he said.

Hamburger said credit reporting is a highly regulated industry, and CTOS is audited by the regulators annually.

“Our renewal happens every year upon the regulator reviewing all of our products, all of our procedures, and they are approved by the Registrar Office before they are launched to the market."

IS THIS FOREIGNER CASTING ASPERTIONS AND COMMENTS ON A COURT JUDGEMENT JUST TO SHOW HIS SUPERIRITY or sheer arrogance?

Posted by RJ87 > 2024-03-13 11:00 | Report Abuse

margin call maybe possible. Open short position every morning.

Posted by Realrich > 2024-03-13 11:57 | Report Abuse

Take profit buy 1.20 sale 1.26. No power up. Take profit is better

Posted by Medusa > 2024-03-13 12:20 | Report Abuse

There are group of people going to sue ctos for not updating their report

Coming very very soon

Brace for more lawsuit

Follow medusa earn plofit

Follow pura2 CTOS Holland coming

Kikiki…

Posted by NatsukoMishima > 2024-03-13 13:16 | Report Abuse

Together all sue ctos kaw kaw can get money !

Posted by bose00 > 2024-03-13 13:31 | Report Abuse

I ll wait for a clearer view on ctos. I sense a new regulations are coming.. nevertheless will still impact to ctos.

Posted by Xcalibre > 2024-03-13 13:49 | Report Abuse

Hong Leong Investment Bank estimated that if CTOS were to discontinue its credit scoring business, this could impact the company's bottomline negatively by 30%.

Posted by Xcalibre > 2024-03-13 13:50 | Report Abuse

Better stay out of this counter until we have more clarity

Posted by EmperorFund > 2024-03-13 14:04 | Report Abuse

Saya kenal seorang peguam yang menyatakan bahawa Hakim kes ni yakni Dato Akhtar Tahir merupakan seorang Hakim yang efektif dan keputusan beliau lazimnya tidak akan ditolak-balik.

Contoh kes yang popular dan berkaitan dengan Perdana Menteri kita: https://m.malaysiakini.com/news/543407

Posted by melvinlautt > 2024-03-13 14:19 | Report Abuse

Maybank TP RM2.1 😉

Posted by RJ87 > 2024-03-13 14:38 | Report Abuse

important thing is there is precedence from high court.

Technically, outdated/inaccurate CTOS data has slandered people causing loss of opportunity.

if plaintiff can proof the inaccuracy causing any loss, everyone with evidence can claim. Because it IS a slander causing harm to reputation and opportunity.

Posted by RJ87 > 2024-03-13 14:46 | Report Abuse

important thing here is inaccurate data. As long as the data is accurate, then should be fine.
basically, what they need to do is add a disclaimer that the report is accurate as of the date of report generated.

If the report is inaccurate on the date of report generated, then liable to be sued again unless they disclaim that this report SHOULD NOT BE USED as reference to determine an individual financial standing.

That would be there is no point using this service anymore.
So, they either make sure all data is correct and take legal responsibility or put disclaimer that makes it a kong song lam pa song report.

Posted by Mitchell79 > 2024-03-13 15:11 | Report Abuse

The woman who sued CTOS was one of the short sellers ?👀👀

Posted by RJ87 > 2024-03-13 15:18 | Report Abuse

2019 case. Really opened big cans of worms.

now everyone that has a record of application denied because ctos report will be suing CTOS

Posted by Taibfar > 2024-03-13 16:51 | Report Abuse

From all these IBs that present their TP on CTOS today, we can tell that Kenanga is one of the shorties. ha

Posted by NoTimeToTrade > 2024-03-13 16:54 | Report Abuse

Kenanga always a sourpuss one la... Their fund manager always miss out on trends then come out with negative TP report to pee on other people. Lol!

Posted by haziqaz > 2024-03-13 22:47 | Report Abuse

Skor kredit aniaya rakyat: 5 lagi kes bakal junamkan saham CTOS Digital Berhad
CTOS boleh dilingkup
https://www.thecorporatessecret.com/blog/2024/03/13/skor-kredit-aniaya-rakyat-5-lagi-kes-bakal-junamkan-saham-ctos-digital-berhad/

Posted by DickyMe > 2024-03-13 23:25 | Report Abuse

Baru sedar ka?

"The Kuala Lumpur High Court has ordered PPP president M Kayveas to pay RM170,000 to credit information provider Ctos Sdn Bhd and three related companies for defamation."

Karma hits back!

Posted by Realrich > 2024-03-14 08:09 | Report Abuse

Look like more cases coming. 1 cases 200k, 10 cases 2m, 100 cases 20m.

Posted by NoTimeToTrade > 2024-03-14 09:45 | Report Abuse

haziqaz, kurangkan baca media dongeng. Kes CTOS kalah nih sgt terperinci, kebanyakan individu yg kena reject dgn bank nih mmg ada masalah kewangan je.

Posted by NatsukoMishima > 2024-03-14 13:17 | Report Abuse

Buy vstec , ranhill keep for future sure win big lah , np need everyday worry crash !

Posted by Goldberg > 2024-03-14 14:07 | Report Abuse

Oops its becoming political now.

Former Law Minister Datuk Zaid Ibrahim said the Ministry of Finance and Bank Negara needs to explain whether it is safe and prudent for a data collection agency like CTOS Data Systems Sdn Bhd (CTOS) to have unlimited access to sensitive financial data of the people and companies.

Zaid said such data was usually given to banks and statutory bodies like the Companies Commission of Malaysia (SSM) but CTOS is given access to it all.

"CTOS is a wealthy private company owned by rich foreigners and local institutions. They have access to all your data.

"I am just wondering if the Ministry of Finance / Bank Negara ever asked if it is safe and prudent to allow a data collection company with the overreach and power to assess the creditworthiness of all our citizens.

"If bank officers and directors are not interested in evaluating and assessing their customers' risk but outsource the job to CTOS, then let the government ensure that only locals can own CTOS....not foreigners," he said in his latest Facebook posting.

Zaid said the underclass with low income and low savings rates will never pass CTOS's test as their score will be in the red zone.

"Their loans will always be more than their income. CTOS will not give them a second chance.

"However, a responsible government must give all of us a second chance. Loans must be given to those who, despite temporary difficulties and inability to pass the CTOS test, have other attributes and potential to make another attempt at success.

"If local lending institutions are too lazy to do their work and depend on foreigners who understand nothing of the socio-economic background of their customers to decide if financial help should be extended, then the poverty cycle will never be broken," he said.

Zaid said it was time members of parliament push for a law mandating the government to set up more lending institutions where the decision to extend credit should be left to the individual bank.

Posted by NatsukoMishima > 2024-03-14 20:41 | Report Abuse

Habis loh , become politik , second wsve of dumping soon !

Posted by arv18 > 2024-03-14 20:49 | Report Abuse

this company is making 75% NP margin. they aren't seriously vetting all that data.

more litigation on the cards unless CEO Hamburger can figure out a way to check the freshness of his financial ingredients!

Posted by NoTimeToTrade > 2024-03-15 09:26 | Report Abuse

Go to hell la Zaid, understand the local socio-economics? The reason banks, even your so-called Islamic banks, racially profile the Malays and put high barriers for them to overcome because they have "socio-economically" tendencies for not servicing their loans. So you can't blame the banks, non-bumi malaysians, and CTOS for your "socio-economic" failings.

Posted by Balian de Ibelin > 2024-03-15 09:32 | Report Abuse

all you need to make a person bankrupt is just send mail [which is black] to CTOS that this guy had not paid his invoice.
Of course someone has to pay for the blackmail, CTOS must pay damages. 😁

Posted by Taibfar > 2024-03-15 15:24 | Report Abuse

People who did IDSS & RSS on CTOS, are crying until no tears now 😄

Posted by RX350 > 2024-03-15 22:22 | Report Abuse

bad reputation company, better get away

Posted by Whythefuss > 2024-03-16 00:05 | Report Abuse

The reason any of retailers in the market is to make money but whining like old uncles in kopitiam is worth nothing. It’s a pity many in forum call themself investors and whine again when opportunities are lost. The same dip occurred for MYEG due another circumstance however the bounce were quite similar. It’s either learn to trade or don’t become a sour puss.

Posted by Whythefuss > 2024-03-16 01:53 | Report Abuse

If most of the whining guys really go into the details, upon action of short sellers there were opposite action to pump fund from 3 to 4 different entity surpassing norm daily an average. 12th March was the day of dip and mid day 10 am to 3pm rise registered at 13%. From 12th March peak till market closed today it was almost 5% gradual rise. If any taken the opportunity you made money within this few days. 250k to compensate is quite low to amount that is being transacted by this stock after Aug 2022 to date. There is a systematic average fund in & out and there is a tendency to keep the price at certain level. So either grow up and make money or complain , waste time and opportunity.

Posted by NatsukoMishima > 2024-03-16 12:14 | Report Abuse

The worst is yet to come

Posted by speakup > 2024-03-16 12:49 | Report Abuse

Jepun guy mean this is Dead Cat Bounce

Posted by NoTimeToTrade > 2024-03-18 09:19 | Report Abuse

Dead cat bounce? Omg, go find out what defines that movement first.
EPF trading share price won't show for some time? You don't see it because the announcement only comes out the following days.

Posted by Taibfar > 2024-03-18 10:33 | Report Abuse

It's pass through RM1.30 resistance alrdy, ain't a dead cat

Posted by TiffanixLVxHermes > 2024-03-18 17:09 | Report Abuse

cut loss today 1.34
swift to IOIPG 2.16 TP 2.80

Posted by ChandranG > 2024-03-18 21:19 | Report Abuse

Doesn't CTOS have a legal 'team'?

https://theedgemalaysia.com/node/704813

Posted by Taibfar > 2024-03-19 11:46 | Report Abuse

Let's ask this lawyer 😆 https://cilisos.my/ctos-credit-report-agency/

Posted by MoonStalker > 2024-03-19 19:35 | Report Abuse

still got ppl buy ctos? if they fail in high court. the company need to pay many victim money. the price might be fall like hell. I will try sue them if they compensate the victim, bcz I felt that CTOS give me very low score, I got trouble to get loan when buy bangolow in KL

Posted by NoTimeToTrade > 2024-03-20 09:12 | Report Abuse

Don't need to read the law on credit info we also know that this law was meant to setup companies like CTOS to dish out credit scoring la. As i've said, this judge was trying to be funny by interpreting it word for word, and thiscredit scoring thing something common around the world. Without such credit scoring institutions, banks will be operating very inefficiently, each bank will have a different scoring method and that will lead to weaker credit control because each bank will keep lowering their criteria to approve loans and will snowball into the infamous Sub-Prime loan scenario of 2008.

Posted by Taibfar > 2024-03-20 16:51 | Report Abuse

So CTOS will either drag or win the recent case

Posted by pangolin > 2024-03-21 23:19 | Report Abuse

3 years consistent profit for every quarters , i hope i dun get in to wrong boat for now

Posted by MULTIEVER > 2024-03-22 01:18 | Report Abuse

anymore victim file case to sue ctos more today? can satu scoop settle skali

Posted by Boyour > 2024-03-22 07:23 | Report Abuse

its in accumulation stage right now..collect laaaa apa lg mao tunguuuu

Posted by speakup > 2024-03-22 08:23 | Report Abuse

overvalued!
Sell!

Posted by Taibfar > 2024-03-22 11:39 | Report Abuse

foreign fund (ABRDN) comes and chips in also 😀

Posted by NoTimeToTrade > 2024-03-22 12:40 | Report Abuse

One man's inability to see value is another's opportunity to buy at below market value

Posted by pangolin > 2024-03-22 22:49 | Report Abuse

one man poison is another man meal

Posted by analiser > 2024-03-24 09:22 | Report Abuse

Disposed or enquire

Posted by speakup > 2024-03-25 07:42 | Report Abuse

those pre-ipo investors like Creador entry price is like 10sen