CTOS DIGITAL BERHAD

KLSE (MYR): CTOS (5301)

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Last Price

1.40

Today's Change

+0.02 (1.45%)

Day's Change

1.37 - 1.40

Trading Volume

987,500

IPO Info
Offer Period

Opening

2021-06-30

Closing

2021-06-30

Time Table

Allotment Date

2021-07-16

Listing Date

2021-07-19

Price

Issue Price

1.10

Units

2,200,000,000

Share Capital

417,994,116.000

No of Shares

Public Issue

200,000,000

Offer for Sale

900,000,000

Private Placement

-

Issuing House

TIIH-705

ISIN Code

MYL5301OO006

Prospectus:

INITIAL PUBLIC OFFERING ("IPO") OF UP TO 1,100,000,000 ORDINARY SHARES IN CTOS DIGITAL BERHAD (FORMERLY KNOWN AS CTOS HOLDINGS SDN BHD) ("CTOS DIGITAL") ("IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARES IN CTOS DIGITAL ("SHARES") ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING AN OFFER FOR SALE OF UP TO 900,000,000 EXISTING SHARES ("OFFER SHARES") AND A PUBLIC ISSUE OF 200,000,000 NEW SHARES ("ISSUE SHARES") INVOLVING: (I) INSTITUTIONAL OFFERING OF UP TO 936,000,000 IPO SHARES TO MALAYSIAN AND FOREIGN INSTITUTIONAL AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOKBUILDING ("INSTITUTIONAL PRICE"); AND (II) RETAIL OFFERING OF 164,000,000 ISSUE SHARES TO THE DIRECTORS, EMPLOYEES (INCLUDING DIRECTORS OF THE SUBSIDIARIES OF CTOS DIGITAL) AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF CTOS DIGITAL AND ITS SUBSIDIARIES ("GROUP") AND THE MALAYSIAN PUBLIC AT THE RETAIL PRICE OF RM1.10 PER ISSUE SHARE ("RETAIL PRICE"), PAYABLE IN FULL UPON APPLICATION AND SUBJECT TO REFUND OF THE DIFFERENCE BETWEEN THE RETAIL PRICE AND THE FINAL RETAIL PRICE (AS DEFINED IN THIS PROSPECTUS) IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS. THE FINAL RETAIL PRICE WILL BE EQUAL TO THE LOWER OF: (A) THE RETAIL PRICE OF RM1.10 PER ISSUE SHARE; OR (B) THE INSTITUTIONAL PRICE.

CTOS Digital - Prospectus (Part 1).pdf

CTOS Digital - Prospectus (Part 2).pdf

CTOS Digital - Prospectus (Part 3).pdf

Detailed Procedures for Application and Acceptance.pdf

Discussions
5 people like this. Showing 50 of 2,275 comments

williamh

It’s 0.0064 not 0.64 cents dividend!some misleading

2 months ago

Mitchell79

wow, ABRDN keeps collecting

2 months ago

jenabchen123

Analyst predicting CTOS going south due to the court case. But CTOS is heavily linked to BNM... And who the govt to risk bank officers to be brave enuf to lend loan without CTOS?? The govt growth engine will seriously suffer without CTOS I predict. So that court case most likely end up with slap on the wrist only.

2 months ago

rhtc88

True. If you hold some on hand, better sold it all before the appeal court in Jul'24. I can foreseen the court will remain decision and CTOS lose in court case, CTOS will be an end game in Malaysia.

2 months ago

NoTimeToTrade

Analyst will tell you one story in public and write a different story for their sharks. As for this court case, it is a no case, the appeals court will throw out the lower court's ruling because the judge could not keep his own opinion to himself. The person who will suffer is the mak cik who won the case, but due to the mulut celupar of the judge, her win will have to be turned into a loss.

2 months ago

NoTimeToTrade

I hate to panjang cerita la, but if you have lived overseas for a period of time, you'll know such credit rating agencies are very common and dishing out credit scores IS one of their products. The purpose of their existence IS to circumvent the banks as the main lending institution.

2 months ago

rhtc88

Let see. 5 more court case in a queue. I think no need wait until the rest 5 court case decision, CTOS also be GG in this July.

2 months ago

Mitchell79

They will reach a settlement, don't worry. It wasn't a big case

2 months ago

Mitchell79

Huge inflow from EPF and KWAP again btw

2 months ago

rhtc88

It's time to run, a red appeared after 6 days straight doji. That's mean CTOS is bearish signal now.

2 months ago

rhtc88

EPF & KWAP buy is due to the dividend purpose. Both of them will start sold it all in June after the entitlement & before the appeal court. No longer become main shareholders. They buy now not because of foreseen how good CTOS future is. Conclusion better Run away before it become more serious. CTOS is a dead counter now. They will become another Serbak in the marking.

2 months ago

Mitchell79

What were you taking about, rhtc88? If they bought for the dividend, they would hold until July 2

2 months ago

rhtc88

The EX date on 31/5, bro. I just need hold my shares till 31/5 then i can entitled to the dividend. That's mean they can sold all of their after 31/5. So that the only reason why they keep buy in the shares instead of confident at CTOS to win the court case.

2 months ago

Mitchell79

Never try that before ... If I sell all my shares after 31/5, will I still get the dividend on July 2 ?

1 month ago

AlphaCapX

Slowly but surely it has been moving higher. This stock needs alot of patience. Fundamentals are sound. Business model maybe needs a bit of tweaking due to the recent legal case but with large institutional funds behind it, it will trend higher around 1.50. Dividend is too small for large institutions to keep buying so it's another play.

1 month ago

Mitchell79

Actually dividend is too small for retailers as well because the more you buy, the more dividend amount you get. ha

1 month ago

Boyour

once civil wages up the more demand for financing the more CTOS benefited

1 month ago

Boyour

its accumulation phase for me

1 month ago

Mitchell79

Me too, Boyour

1 month ago

ChandranG

Just follow ABRDN and EPF buying in

1 month ago

Mitchell79

niceee, breaking Rm1.40. Any shorties left ? 😆

1 month ago

Boyour

either fakeout or breakout soon

1 month ago

Mitchell79

more like going up slwly 😁

1 month ago

Mitchell79

Abrdn, formerly Aberdeen Asset Management plc, also has substantial stakes in other publicly listed companies in Bursa Malaysia, including CTOS Digital Bhd (12.07% stake), Farm Fresh Bhd (6.63%), and SKP Resources Bhd (5.37% stake).

1 month ago

ChandranG

No more shorties in CTOS?

1 month ago

U1818

https://www.klsescreener.com/v2/news/view/1342131/ccob%E6%8E%A8%E8%BF%9B%E6%B6%88%E8%B4%B9%E8%80%85%E4%BF%A1%E8%B4%B7%E6%B3%95%E6%A1%88-%E9%9D%9E%E9%93%B6%E8%A1%8C%E5%80%9F%E8%B4%B7%E6%96%B9%E9%A1%BB%E8%AF%84%E4%BC%B0%E8%B4%9F%E6%8B%85%E8%83%BD%E5%8A%9B

CCOB推进消费者信贷法案 非银行借贷方须评估负担能力

“银行将数据提交给CCRIS(中央信用参考信息系统),但非银行(信贷业者)没有这样做的系统。他们须向信用报告机构提交数据,无论是提供信贷情报服务的CTOS数字(CTOS,5301,主板科技股)、Experian还是CBM。

“我们想要鼓励的是,信贷业者须与信用评级机构共享他们的数据。这样,我们将获得有关特定个人信誉的更好信息。”

1 month ago

AlphaCapX

Breaking RM1.45. Looks like it's heading towards RM1.50 as said before. Patience for this stock.

1 month ago

JrWarren

after panic sales, the price went up to normal stage again.
financial institutions remained the primary source of revenue. congratz to the buyer who bought during the panic selldown.

1 month ago

ChandranG

ABRDN continues to collect CTOS and has high hopes for CTOS 😃

1 month ago

ChandranG

looks like EPF and ABRDN sold Kossan and then bought this CTOS

1 month ago

Mitchell79

CTOS Digital could extend upside movement, says RHB Retail Research
https://theedgemalaysia.com/node/716812

4 weeks ago

ChandranG

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

2 weeks ago

sherene08

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.

2 weeks ago

U1818

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

2 weeks ago

TJLLl98

counter suspended

2 weeks ago

NoTimeToTrade

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.

2 weeks ago

zzprozaz

Post removed.Why?

2 weeks ago

Mitchell79

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

2 weeks ago

U1818

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.

2 weeks ago

U1818

HLIB
RM1.50 >> RM1.60

RHB
RM1.77 >> RM1.84

Kenanga
RM1.15 >> RM2.00

2 weeks ago

ChandranG

Hold until it achieves Kenanga's TP

2 weeks ago

NoTimeToTrade

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.

2 weeks ago

Volz4321

Just fly already,

1 week ago

ChandranG

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https://klse.i3investor.com/web/insider/detail/SBSH_590548_73552548

1 week ago

ChandranG

Continue to collect until it breaks RM1.50

1 week ago

fregend

time to shine when others are down

4 days ago

Mitchell79

Ctos also follow others downhill 😅

4 days ago

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