Posted by ChandranG > 2024-07-09 10:05 | Report Abuse

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

Posted by sherene08 > 2024-07-09 16:00 | Report Abuse

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

Posted by sherene08 > 2024-07-09 16:01 | Report Abuse

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.

Posted by U1818 > 2024-07-09 16:07 | Report Abuse

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

Posted by U1818 > 2024-07-09 16:14 | Report Abuse

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

Posted by TJLLl98 > 2024-07-09 16:34 | Report Abuse

counter suspended

Posted by NoTimeToTrade > 2024-07-09 16:55 | Report Abuse

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.

Posted by zzprozaz > 2024-07-10 08:39 |

Post removed.Why?

Posted by Mitchell79 > 2024-07-10 20:08 | Report Abuse

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

Posted by U1818 > 2024-07-11 09:32 | Report Abuse

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.

Posted by U1818 > 2024-07-11 09:39 | Report Abuse

HLIB
RM1.50 >> RM1.60

RHB
RM1.77 >> RM1.84

Kenanga
RM1.15 >> RM2.00

Posted by ChandranG > 2024-07-11 16:13 | Report Abuse

Hold until it achieves Kenanga's TP

Posted by NoTimeToTrade > 2024-07-12 12:05 | Report Abuse

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.

Posted by Volz4321 > 2024-07-13 14:31 | Report Abuse

Just fly already,

Posted by ChandranG > 2024-07-16 15:33 | Report Abuse

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

Posted by wisdomtot > 2024-07-16 22:34 | Report Abuse

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

Posted by ChandranG > 2024-07-19 15:42 | Report Abuse

Continue to collect until it breaks RM1.50

Posted by fregend > 2024-07-22 10:25 | Report Abuse

time to shine when others are down

Posted by Mitchell79 > 2024-07-22 12:26 | Report Abuse

Ctos also follow others downhill 😅

Posted by ChandranG > 2024-07-29 17:01 | Report Abuse

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

Posted by ChandranG > 2024-08-02 20:06 | Report Abuse

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

https://theedgemalaysia.com/node/721312

Posted by mf > 2024-08-02 20:08 | Report Abuse

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

Posted by fregend > 2024-08-05 12:07 | Report Abuse

whole market on sales

Posted by Mitchell79 > 2024-08-05 20:09 | Report Abuse

Ya, 4% - 8% discount

Posted by ChandranG > 2 months ago | Report Abuse

1 day offer only 😄

Posted by fregend > 2 months ago | Report Abuse

ya epf also sapu more got div coming

Posted by Mitchell79 > 2 months ago | Report Abuse

Local funds are re-entering the market

Posted by ChandranG > 2 months ago | Report Abuse

Actually local institutions were buying when the market crashed on Monday

Posted by Volz4321 > 2 months ago | Report Abuse

when this one gonna fly;still waiting

Posted by fregend > 2 months ago | Report Abuse

back to 1.40 only see now boring

Posted by Mitchell79 > 2 months ago | Report Abuse

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

Posted by ChandranG > 2 months ago | Report Abuse

wow, Creador is buying in

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

Posted by NoTimeToTrade > 2 months ago | Report Abuse

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

Posted by Mitchell79 > 2 months ago | Report Abuse

You sound like that businesswoman, rhtc88 😂

Posted by Mitchell79 > 2 months ago | Report Abuse

Now you look like her, rhtc88 😆

Posted by ChandranG > 2 months ago | Report Abuse

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

Posted by ChandranG > 1 month ago | Report Abuse

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/

Posted by iscmob > 1 month ago | Report Abuse

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.

..."

Posted by Mitchell79 > 1 month ago | Report Abuse

She will lose for sure 😗

Posted by fregend > 1 month ago | Report Abuse

lucky i move on early, no power this stock

Posted by berbolabiru > 1 month ago | Report Abuse

Institutional buy.. retail sell

Posted by Mitchell79 > 1 month ago | Report Abuse

Local fund sold recently also ...

Posted by Mitchell79 > 3 weeks ago | Report Abuse

Only foreign fund was buying currently ..

Posted by BostonMaxwell > 1 week ago | Report Abuse

Uncle accumulate finish dy.... Waiting engine start

Posted by Mitchell79 > 5 days ago | Report Abuse

I think engine will start when q3 report is out