CTOS grabs investors’ IPO fixation

There are, however, no exact comparables among listed Malaysian companies to CTOS’ business.CTOS, previously known as CTOS Holdings Sdn Bhd, is one of the six registered credit reporting agencies in Malaysia.

However, the biggest strength of CTOS apart from its brand recognition is its 30 years of credit and financial information database, according to CTOS group CEO Dennis Martin. The other CRAs in Malaysia are Experian, Credit Bureau Malaysia, FIS Data Reference, Dun & Bradstreet and CRIF Omesti. CTOS has a 26% stake in Experian.Prior to the IPO, Creador had an indirect stake of 80% in CTOS. This would be reduced to 40% post-IPO.

Based on CTOS’ draft prospectus filed with the Securities Commission, about 92.4% of the revenue from the commercial customers for FY20 was derived from small and medium enterprise customers.Under this segment, CTOS provides digital solutions to about 430 large customers in the country, including Malaysian banks and corporates such as telecommunications companies .

According to its draft prospectus, the group’s total borrowings stood at RM163.5mil as of March 31, against RM14.36mil in cash and bank balances.

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US expresses 'serious concerns' about clashes, evictions of PalestiniansUnrest follows weeks of violence over Israel's relentless land grab in favour of Jewish settlers. FMTNews USA only expressed concerns? Obviously that's not good enough for a country that's always act as a champion on democracy. In the face of true genocide and Islamophobia, US only 'show concern' and 'encourage' Israel to pursue peaceful methods. How much more hypocrite can US gets? While US 'champions' using the slogans of 'human rights' and 'freedom', US and their partners are the true oppressors.
Source: fmtoday - 🏆 5. / 72 Read more »

Gamuda confirms talks to sell highway concessions | The Malaysian InsightCorporation says private entity to raise capital from bond investors, not public funds.
Source: msianinsight - 🏆 8. / 63 Read more »

Soccer-Tuchel relishing Chelsea run-in with two titles up for grabs(Reuters) - Chelsea manager Thomas Tuchel said on Tuesday he is embarking on some of the most thrilling weeks of his managerial career with his club in two finals and in a strong position to secure a top-four finish in the Premier League.
Source: staronline - 🏆 4. / 75 Read more »

Bursa Malaysia likely to trade in cautious mode next weekKUALA LUMPUR: Bursa Malaysia is likely to trade in cautious mode next week as investors will be focusing on the release of Malaysia’s first-quarter 2021 (Q1 2021) gross domestic product (GDP) next week.
Source: staronline - 🏆 4. / 75 Read more »