CTOS DIGITAL BERHAD
KLSE (MYR): CTOS (5301)
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Last Price
1.44
Today's Change
-0.03 (2.04%)
Day's Change
1.44 - 1.47
Trading Volume
1,768,200
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
1.44
Avg Target Price
1.96
Upside/Downside
+0.52 (36.11%)Price Call
0
SELL
2
HOLD
22
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
4 people like this. Showing 50 of 1,945 comments
https://www.theedgemarkets.com/article/ctos-reports-62-jump-1q-profit-...
"CTOS Digital Bhd’s net profit soared 62.3% to RM12.48 million for its first quarter ended March 31, 2022 (1QFY22) from RM7.69 million last year"
"Revenue rose 12.4% to RM42.7 million, from RM38 million. Share of profits of associates grew 45.8% to RM2.4 million, contributed by CTOS' 49% stake in Juris Technologies acquired in March, and higher profit from Business Online Public Company Ltd"
"The group's earnings per share (EPS) rose to 0.6 sen, from 0.4 sen. CTOS keeps to its 60% dividend payout ratio by declaring a first interim dividend of 0.325 sen per share that will be paid out on June 10, 2022"
2022-04-22 21:02
Management remains bullish on its outlook during the post-results conference call yesterday.
Overall, top-line growth trajectory is expected to stay robust and profit margins are seen to expand in
upcoming quarters. As for the delay in tax incentive renewal, we are not particularly worried
since this is not idiosyncratic to CTOS alone and the approval process is typically a lengthy one.
Separately, we are positive on the additional 9.1% stake increase in RAM, considering it is a
fair and accretive deal. All in, our forecasts were unchanged.
We still like CTOS for its market leadership, strong economic moat, and highly scalable business model.
Retain BUY and FCFF-TP of RM1.95, based on an implied 52x FY23 P/E.
2022-04-27 13:45
BANK Negara Malaysia is understood to be on track to announce this week the five winners of digital banking licences in the country. In the first half of 2021, some 29 applicants submitted their bids.
Front runners in the bid are said to include the 60:40 joint venture (JV) between RHB Bank Bhd and Axiata Group Bhd via its fintech arm Boost; a JV between Grab Holdings Inc and Singapore’s telco group Singapore Telecommunications, or Singtel, with a consortium of investors that includes the Kuok Group; and a consortium led by Sunway Bhd.
Also tipped as a front runner is YTL Corp Bhd, which has reportedly submitted a bid with Singapore’s Sea Group.
It is understood that the central bank is also seeking one consortium that could meet the criteria for the provision of Islamic financial services in the country, in order to cater to this segment while also incorporating Islamic finance as one of its key vehicles to advance sustainability-related efforts.
2022-05-06 12:55
As long not a big waterfall, Ctos still good and share price in the safe zone
2022-05-11 10:27
KUALA LUMPUR (April 25): Kenanga Research has upgraded CTOS Digital Bhd to "outperform" (OP) at RM1.52 with a higher target price (TP) of RM2 (from RM1.85) and said the company’s 1QFY22 normalised PATAMI of RM16.9 million (+3% y-o-y) and interim dividend of 0.32 sen are both deemed to be within expectations.
In a note on Monday (April 25), the research house said it anticipates progressively healthier earnings in the coming quarters fuelled by both organic and inorganic growth in the company’s credit information and analytics solutions divisions.
“Following the recent share price weakness, we believe current levels present a buying opportunity.
Kenanga said CTOS is likely to continue benefiting from the increasing demand for credit information checks and analytics capabilities.
“We believe demand for such services will only increase as a consequence of economic recovery and lending needs,” it said.
The research house said the recent acquisition of stake in RAM Holdings, BOL and JurisTech is poised to deliver inorganic growth while still staying true to the firm’s core business line.
“The ongoing integration of JurisTech into the group could materialise into scalable end-to-end digital lending solutions.
“Upgrade to OP with a higher TP of RM2 (from RM1.85),” it said.
Source: TheEdge - 26 Apr 2022
2022-05-17 12:58
No doubt looks like a quality company but selling at 50x 2023 earnings? There are many quality companies in Bursa selling at below 15 forward PE.
2 months ago
CTOS is good but expensive. Better look at AEON
https://klse.i3investor.com/web/blog/detail/dragon328/2022-05-24-story...
2 months ago
https://www.theedgemarkets.com/article/ctos-get-rm42m-boost-2q-earning...
"With this approval, there will be an immediate reversal of approximately RM4.2 million in tax provision from FY21, boosting 2QFY22 net earnings by a similar amount"
2 months ago
Ctos will be under strong selling pressure this week and the next, many fear that Fed is expected to raise rates by more than 50 basis point. Let's hope it gets down to 1.00, looking to add a little.
2 months ago
Just like many other worst IPO , after getting enough capital expenditure , share price free fall to penny stock later , right issues or PP ! Never never touch bursa IPO again !
1 month ago
1.33/1.34.
Just stop by to say fuk you.
When i called market top at 2.04, i was alone n lonely n you people screwed me left n right. You shud know now that i am good, very good. Fuk you once again.
2 weeks ago
Not sure why IB allocate this company with high PE of 40-50.
Those who work in the financial institution would know this company very well.
It's just a company entity delivering reports services to FI and non bank FI mainly to get details of bankruptcy and litigation status.
In fact, CCRIS would be a more important report.
Just over the last few years ,the company actively add some value add services and acquisition to make it attractive for IPO.
In my opinion, it's still a reporting database company with additional bells and whistle and with PE worth not more than 15.
2 weeks ago
https://www.thestar.com.my/business/business-news/2022/07/27/ctos-decl...
"The credit reporting agency’s revenue rose 22.9% to RM46.51mil in the second quarter from RM37.8mil a year earlier bolstered by a strong performance from its core business across all three customer segments.
Earnings per share stood at 0.90 sen in the second quarter ended June 30, compared with 0.60 sen in the previous corresponding period."
2 weeks ago
"What's Happening To CTOS?"
by FIRL
YouTube link : https://www.youtube.com/watch?v=r-KRenCSUzQ
1 week ago
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lordfish30
will go up... just wait
2022-04-12 16:06