QUOTE(nexona88 @ Jul 6 2021, 08:25 AM)
U know Malaysian how?
Always last minute work done...
Some apply 10min before closing also got 😎
Surprisingly slow because by now should be tens of millions application because of the time of the listing middle of the month
QUOTE(SURE ANGPOW @ Jul 6 2021, 10:14 AM)
CTOS Digital Bhd - Leading Credit Reporting Agency
Author: PublicInvest | Publish date: Tue, 6 Jul 2021, 9:57 AM
CTOS Digital Bhd (CTOS) is a regional market leader for credit bureau in the ASEAN region, with presence in Malaysia and Thailand. Serving approximately 430 Key Accounts customers, 17,000 Commercial customers and 1.3m registered user as its Direct-to-Consumer customers as at 31 May 2021, CTOS provides i) credit information and analytics digital solutions on companies, businesses and consumers for use by banks and businesses at each stage of the customer lifecycle, where required, and ii) credit information and analysis to consumers to help them understand and monitor their credit health. As at 31 May 2021, CTOS’ databases contained profiles of approximately 15m consumers and approximately 8m companies and businesses.
Moving forward, besides exploring potential investment and acquisition opportunities, CTOS intends to continue enhancing its ecosystem with investment in new databases and innovation of new value-added digital solutions while expanding into new verticals in order to maintain and grow its market share leadership for credit reporting agency services in Malaysia.
We derive
a fair value of RM1.16
based on a 40x PE multiple to its FY22F EPS of 2.9sen. This is highly contingent upon the Group managing to extend it pioneer status however. The IPO is expected to raise approximately RM220.0m from the issuance of 200.0m new shares. Apart from utilising 70.5% of the proceeds for repayment of bank borrowings, 2.8% and 26.7% of the proceeds are allocated for listing expenses as well as acquisitions to be identified, respectively.
Not off from FV of 1.18 upon averaging
QUOTE(Solar Calendar @ Jul 6 2021, 06:59 PM)
Lol you guys forgot got one analyst give MR DIY RM 1.20 TP? Downside of 30 percent. Till now still got people care about TP. Funny.
That’s why you need an average out of at least 15 analyst to right valuation balance otherwise skew towards promoting
QUOTE(nexona88 @ Jul 6 2021, 08:00 PM)
Solar CalendarSo much posting...
Free publicity for CTOS...
True salesman 🤑💰
Basically promoter for this IPO