Slowly climbing up again..my guess sharks are buying from retailers, and slows down the volatility of selling pressure…in 2-3 weeks time, contra retail investor will wash out and the price can easily move up…as per Mr DIY, now daily selling queue is less than a million unit…same pattern…
Mr Brahmal Vasudevan is a highly respected Private Equity fund manager in Asia- Just look at how he managed to promote Mr DIY -
I guess he will employ the same strategy for CTOS -
1st step - rope in big time foreign/connerstone investors, 2nd step - mop up the small free float of shares held by public. 3rd step. -promote CTOS as a super growth stock in Asia. 4rd step - push this monopolistic Gem to rm 2.80 by end of year.
To achieve max returns- Buy and hold till year end.
i tot boleh fly up to 2.00 ... just 1.62 from IPO price 1.50, is not good enough actually for the company like ctos... probably due to holiday or investor hati2 now cause global market not stable... let see on wed... jgn jadi PEKAT, makin dtop after IPO... on day show only....
And for those who compare CTOS with Experian, Experian already is the market leader with limited room for growth whereas CTOS is a budding company in the Southeast Asian market with lots of room for expansion due to under-penetration of the regional market. Thus, you cannot take Experian's P/E as a guide for CTOS due to the latter's vast opportunities and room for growth as mentioned.
CTOS Digital garnered 23 cornerstone investors in its book-building exercise, with renowned names such as Employees Provident Fund Board, Permodalan Nasional Bhd, Aberdeen Standard Investment, AIA, Eastspring Investments, FIL Investment Management and JP Morgan Asset Management.
CTOS group chief executive officer Dennis Martin said the company will focus on providing more innovative digital solutions across the entire lifecycle of financial institutions, companies, and small and medium enterprises, as well as supporting individuals on their own financial literacy.
“We will also continue to grow our product offerings and customer reach by expanding organically and through acquisitions within the ASEAN region. We believe that the IPO proceeds raised, coupled by our strong financials, will help us achieve our ambitions.
“While growing our track record, we remain committed [to] finding the right balance between reinvesting our profits for sustainable growth and generating shareholders’ returns,” he said in a statement.
CTOS targets a payout ratio of 60% of profit after tax and minority interests (PATAMI) for each financial year on a consolidated basis after taking into account working capital, maintenance capital and committed capital requirements of the group.
Zoom, Facebook and Delta Air Lines Fall Premarket Stock Markets By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Monday, July 19th. Please refresh for updates. Z
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....
jeffchan1901
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Posted by jeffchan1901 > 2021-07-19 14:36 | Report Abuse
guys, careful... look at avg qty from seller v avg qty from buyer... almost twice... big shark swimming ard