Reported Earnings • Jul 23
Second quarter 2026 earnings released: EPS: RM0.01 (vs RM0.009 in 2Q 2025) Second quarter 2026 results: EPS: RM0.01 (up from RM0.009 in 2Q 2025). Revenue: RM86.9m (up 10.0% from 2Q 2025). Net income: RM22.7m (up 7.1% from 2Q 2025). Profit margin: 26% (in line with 2Q 2025). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Announcement • Jul 22
CTOS Digital Berhad Announces Second Single Tier Tax Exempt Interim Dividend for the Financial Year Ending 31 December 2026, Payable on 28 Aug. 2026 CTOS Digital Berhad announced the Second Single Tier Tax Exempt Interim Dividend of 0.70 sen per share for the financial year ending 31 December 2026. Ex-Date is on 06 Aug. 2026 with Entitlement date on 07 Aug. 2026. Payment Date on 28 Aug. 2026. Buy Or Sell Opportunity • Jun 19
Now 20% undervalued Over the last 90 days, the stock has risen 5.1% to RM0.72. The fair value is estimated to be RM0.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Buy Or Sell Opportunity • May 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to RM0.72. The fair value is estimated to be RM0.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Announcement • Apr 29
CTOS Digital Berhad, Annual General Meeting, Jun 25, 2026 CTOS Digital Berhad, Annual General Meeting, Jun 25, 2026, at 09:30 Singapore Standard Time. Location: corporate meetings by envivo, ground floor, lobby 1, crystal plaza, no. 4, jalan 51a/223, 46100 petaling jaya, selangor, Malaysia Declared Dividend • Apr 29
Dividend of RM0.0057 announced Shareholders will receive a dividend of RM0.0057. Ex-date: 24th June 2026 Payment date: 23rd July 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 26% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: RM0.008 (vs RM0.006 in 1Q 2025) First quarter 2026 results: EPS: RM0.008 (up from RM0.006 in 1Q 2025). Revenue: RM81.6m (up 7.3% from 1Q 2025). Net income: RM18.5m (up 28% from 1Q 2025). Profit margin: 23% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to RM0.70. The fair value is estimated to be RM0.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 6.4%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period. Reported Earnings • Jan 30
Full year 2025 earnings released: EPS: RM0.036 (vs RM0.046 in FY 2024) Full year 2025 results: EPS: RM0.036 (down from RM0.046 in FY 2024). Revenue: RM326.1m (up 7.0% from FY 2024). Net income: RM82.4m (down 22% from FY 2024). Profit margin: 25% (down from 35% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: RM0.011 (vs RM0.012 in 3Q 2024) Third quarter 2025 results: EPS: RM0.011 (down from RM0.012 in 3Q 2024). Revenue: RM83.0m (up 4.0% from 3Q 2024). Net income: RM24.7m (down 10% from 3Q 2024). Profit margin: 30% (down from 35% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 31
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 6.9% to RM0.94. The fair value is estimated to be RM0.76, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.01, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Professional Services industry in Asia. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.76 per share. Buy Or Sell Opportunity • Sep 22
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to RM0.97. The fair value is estimated to be RM0.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Buy Or Sell Opportunity • Aug 29
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to RM0.87. The fair value is estimated to be RM0.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Major Estimate Revision • Aug 01
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM346.6m to RM323.8m. EPS estimate also fell from RM0.048 per share to RM0.039 per share. Net income forecast to grow 2.0% next year vs 18% growth forecast for Professional Services industry in Malaysia. Consensus price target down from RM1.35 to RM1.06. Share price rose 2.3% to RM0.88 over the past week. Price Target Changed • Jul 29
Price target decreased by 20% to RM1.06 Down from RM1.32, the current price target is an average from 9 analysts. New target price is 19% above last closing price of RM0.89. Stock is down 37% over the past year. The company is forecast to post earnings per share of RM0.039 for next year compared to RM0.046 last year. Buy Or Sell Opportunity • Jul 29
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to RM0.89. The fair value is estimated to be RM0.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Reported Earnings • Jul 26
Second quarter 2025 earnings released: EPS: RM0.009 (vs RM0.011 in 2Q 2024) Second quarter 2025 results: EPS: RM0.009 (down from RM0.011 in 2Q 2024). Revenue: RM79.0m (up 3.1% from 2Q 2024). Net income: RM21.2m (down 17% from 2Q 2024). Profit margin: 27% (down from 33% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jul 25
CTOS Digital Berhad Announces Second Single Tier Tax Exempt Interim Dividend for the Financial Year Ending 31 December 2025, Payable on 24 October 2025 CTOS Digital Berhad announced the Second Single Tier Tax Exempt Interim Dividend of 0.65 sen per share for the financial year ending 31 December 2025. Ex-Date is on 25 September 2025 with Entitlement date on 26 September 2025. Payment Date on 24 October 2025. Buy Or Sell Opportunity • Jul 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to RM0.94. The fair value is estimated to be RM1.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Announcement • Apr 29
CTOS Digital Berhad, Annual General Meeting, Jun 25, 2025 CTOS Digital Berhad, Annual General Meeting, Jun 25, 2025, at 09:30 Singapore Standard Time. Location: one world hotel, bandar utama, petaling jaya, Malaysia Price Target Changed • Apr 28
Price target decreased by 10% to RM1.33 Down from RM1.48, the current price target is an average from 10 analysts. New target price is 33% above last closing price of RM0.99. Stock is down 29% over the past year. The company is forecast to post earnings per share of RM0.048 for next year compared to RM0.046 last year. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: RM0.006 (vs RM0.009 in 1Q 2024) First quarter 2025 results: EPS: RM0.006 (down from RM0.009 in 1Q 2024). Revenue: RM76.1m (up 6.3% from 1Q 2024). Net income: RM14.4m (down 31% from 1Q 2024). Profit margin: 19% (down from 29% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 25
Now 20% overvalued Over the last 90 days, the stock has fallen 4.2% to RM1.14. The fair value is estimated to be RM0.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Feb 25
Full year 2024 earnings released: EPS: RM0.046 (vs RM0.051 in FY 2023) Full year 2024 results: EPS: RM0.046 (down from RM0.051 in FY 2023). Revenue: RM304.9m (up 17% from FY 2023). Net income: RM106.3m (down 10.0% from FY 2023). Profit margin: 35% (down from 45% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.6% to RM1.20. The fair value is estimated to be RM1.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Buy Or Sell Opportunity • Jan 23
Now 21% undervalued Over the last 90 days, the stock has risen 1.7% to RM1.20. The fair value is estimated to be RM1.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: RM0.012 (vs RM0.011 in 3Q 2023) Third quarter 2024 results: EPS: RM0.012 (up from RM0.011 in 3Q 2023). Revenue: RM79.8m (up 20% from 3Q 2023). Net income: RM27.6m (up 13% from 3Q 2023). Profit margin: 35% (down from 37% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 03
Second quarter dividend of RM0.0078 announced Shareholders will receive a dividend of RM0.0078. Ex-date: 29th August 2024 Payment date: 27th September 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not covered by cash flows (116% cash payout ratio). The dividend has increased by an average of 57% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: RM0.011 (vs RM0.009 in 2Q 2023) Second quarter 2024 results: EPS: RM0.011 (up from RM0.009 in 2Q 2023). Revenue: RM76.6m (up 23% from 2Q 2023). Net income: RM25.5m (up 21% from 2Q 2023). Profit margin: 33% (in line with 2Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Professional Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 01
CTOS Digital Berhad Announces Resignation of Saw Hui Ying as Company Secretary CTOS Digital Berhad announced resignation of Saw Hui Ying as company secretary. Date of change is 1 August 2024. Announcement • Jul 25
CTOS Digital Berhad Announces Cessation of Office of WONG PAU MIN as Non Independent and Non Executive Alternate Director CTOS Digital Berhad Announced the Cessation of Office of Mr. WONG PAU MIN, age 43 as Non Independent and Non Executive Alternate Director. Date of change is on 24 July 2024. Reason: Change of Alternate Director by Principal Director. Announcement • Jul 24
CTOS Digital Berhad Appoints MIZRAN BIN MD NAHAR as Non Independent and Non Executive Alternate Director CTOS Digital Berhad announced the appointment of Mr. MIZRAN BIN MD NAHAR, age 32 as Non Independent and Non Executive Alternate Director. Date of change is on 24 July 2024. Qualifications: Degree Bachelor of Commerce with First-Class Honors, Double Majors in Accounting & Finance in The University of Melbourne. Working experience and occupation: Senior Vice President, Investment in Creador (January 2019 - Present); Assistant Vice President, Investment in Khazanah Nasional Berhad (July 2017 - December 2018); Assistant Manager - Mergers & Acquisitions in Maybank Investment Bank (March 2015 - June 2017); Analyst - Equity Capital Market in Maybank Investment Bank (March 2014 - February 2015). Buy Or Sell Opportunity • Jun 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to RM1.45. The fair value is estimated to be RM1.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: RM0.009 (vs RM0.007 in 1Q 2023) First quarter 2024 results: EPS: RM0.009 (up from RM0.007 in 1Q 2023). Revenue: RM71.6m (up 20% from 1Q 2023). Net income: RM20.8m (up 26% from 1Q 2023). Profit margin: 29% (up from 28% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Asia. Announcement • May 01
CTOS Digital Berhad, Annual General Meeting, Jun 05, 2024 CTOS Digital Berhad, Annual General Meeting, Jun 05, 2024, at 09:30 Singapore Standard Time. Agenda: To consider and the Audited Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditors thereon; to consider approve the payment of Directors' fees; to consider and re-appoint PricewaterhouseCoopers PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other business matters. Price Target Changed • Mar 13
Price target decreased by 8.4% to RM1.70 Down from RM1.85, the current price target is an average from 9 analysts. New target price is 33% above last closing price of RM1.28. Stock is down 5.9% over the past year. The company is forecast to post earnings per share of RM0.054 for next year compared to RM0.051 last year. Upcoming Dividend • Feb 20
Upcoming dividend of RM0.017 per share Eligible shareholders must have bought the stock before 27 February 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Malaysian dividend payers (4.9%). Higher than average of industry peers (1.3%). Declared Dividend • Feb 02
Fourth quarter dividend increased to RM0.017 Dividend of RM0.017 is 374% higher than last year. Ex-date: 27th February 2024 Payment date: 27th March 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 48% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 01
CTOS Digital Berhad Announces Fourth Single Tier Interim Dividend for the Financial Year Ended 31 December 2023, Payable on 27 March 2024 CTOS Digital Berhad announced fourth single tier interim dividend of 1.706 sen per share for the financial year ended 31 December 2023. Ex-date is 27 February 2024. Payment date is 27 March 2024. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: RM0.051 (vs RM0.031 in FY 2022) Full year 2023 results: EPS: RM0.051 (up from RM0.031 in FY 2022). Revenue: RM261.4m (up 34% from FY 2022). Net income: RM118.4m (up 65% from FY 2022). Profit margin: 45% (up from 37% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Professional Services industry in Asia. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: RM0.011 (vs RM0.01 in 3Q 2022) Third quarter 2023 results: EPS: RM0.011 (up from RM0.01 in 3Q 2022). Revenue: RM66.5m (up 26% from 3Q 2022). Net income: RM24.4m (up 7.1% from 3Q 2022). Profit margin: 37% (down from 43% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Asia. Announcement • Oct 29
CTOS Digital Berhad Declares Third Interim Single-Tier Dividend, Payable on 22 December 2023 CTOS Digital Berhad declared a third interim single-tier dividend of 0.64 sen per ordinary share in respect of the financial year ending 31 December 2023, which is not taxable in the hands of the shareholders pursuant to paragraph 12B of Schedule 6 of the Income Tax Act 1967, to be paid on 22 December 2023. The entitlement date for the dividend payment is 24 November 2023. Announcement • Oct 27
CTOS Digital Berhad (KLSE:CTOS) completed the acquisition of Fintech Platform Ventures Pte Ltd. from Diana Georgieva Krumova, UBX Private Ltd, Vegueros Limited, Ivaylo Venkov Kolev, Christo Darinov Georgiev, Chilingirov Petar Lyubomirov and others. CTOS Digital Berhad (KLSE:CTOS) agreed to acquire Fintech Platform Ventures Pte Ltd. from Diana Georgieva Krumova, UBX Private Ltd, Vegueros Limited, Ivaylo Venkov Kolev, Christo Darinov Georgiev, Chilingirov Petar Lyubomirov and others for $5.9 million on August 25, 2023. The consideration shall be fully satisfied by bank financing. Fintech Platform Ventures reported revenue of $4.098663 million, net loss of $0.63765 million and net assets of $1.566435 million as at December 31, 2022. The transaction is expected to close in fourth quarter of 2023. Ernst & Young Global, Phillipines acted as accountant to CTOS Digital Berhad. SyCip, Gorres, Velayo & Co. acted as accountant to Fintech Platform Ventures.
CTOS Digital Berhad (KLSE:CTOS) completed the acquisition of Fintech Platform Ventures Pte Ltd. from Diana Georgieva Krumova, UBX Private Ltd, Vegueros Limited, Ivaylo Venkov Kolev, Christo Darinov Georgiev, Chilingirov Petar Lyubomirov and others on October 26, 2023. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: RM0.009 (vs RM0.01 in 2Q 2022) Second quarter 2023 results: EPS: RM0.009 (down from RM0.01 in 2Q 2022). Revenue: RM62.2m (up 34% from 2Q 2022). Net income: RM21.1m (down 6.0% from 2Q 2022). Profit margin: 34% (down from 48% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Asia. Reported Earnings • Apr 18
First quarter 2023 earnings released: EPS: RM0.007 (vs RM0.006 in 1Q 2022) First quarter 2023 results: EPS: RM0.007 (up from RM0.006 in 1Q 2022). Revenue: RM59.6m (up 40% from 1Q 2022). Net income: RM16.6m (up 33% from 1Q 2022). Profit margin: 28% (down from 29% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Asia. Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: RM0.031 (vs RM0.021 in FY 2021) Full year 2022 results: EPS: RM0.031 (up from RM0.021 in FY 2021). Revenue: RM194.8m (up 27% from FY 2021). Net income: RM71.4m (up 61% from FY 2021). Profit margin: 37% (up from 29% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Professional Services industry in Asia. Announcement • Dec 13
CTOS Digital Berhad Appoints SAW HUI YING as Company Secretary CTOS Digital Berhad appointed SAW HUI YING as Company Secretary. Date of Change is 12 December 2022. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. 2 highly experienced directors. Non-Independent Non-Executive Director Kok Leong Loh is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 29
CTOS Digital Berhad Announces Third Single Tier Interim Dividend for the Financial Year Ended 31 December 2022, Payable on 14 December 2022 CTOS Digital Berhad announced third single tier interim dividend of 0.60 sen per share for the financial year ended 31 December 2022. Ex-date is 16 November 2022. Payment date is 14 December 2022. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: RM0.01 (vs RM0.005 in 3Q 2021) Third quarter 2022 results: EPS: RM0.01 (up from RM0.005 in 3Q 2021). Revenue: RM52.8m (up 37% from 3Q 2021). Net income: RM22.8m (up 95% from 3Q 2021). Profit margin: 43% (up from 30% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Professional Services industry in Asia. Announcement • Oct 01
CTOS Digital Berhad Appoints Erick Hamburger Barraza as Executive Director CTOS Digital Berhad announced appointment of Mr. Erick Hamburger Barraza as executive director. Date of change is 30 September 2022. Age: 52; Gender: Male; Nationality: Colombia. Qualifications: Masters: Master of Business Administration (MBA), MIT Sloan School of Management; Degree: Bachelor of Science, Pontificia, Universidad Javeriana, Colombia; Others: General Management Program, Harvard Business School. Working experience and occupation: Before joining the company, he was the President and CEO of Experian Colombia and Mexico, where he was instrumental in its transformation into a digital solutions provider. He has over 28 years of vast experience in corporate strategy and international credit reporting sector. Before Experian, he was the CEO of Publicar Colombia. Prior to that, he was the President of Latin America, Brightpoint (wireless device lifecycle services company), Director of Strategy & Business Development in Motorola, USA and Manager in Mckinsey, Miami. Announcement • Sep 30
CTOS Digital Berhad Announces Resignation of Dennis Colin Martin as Non-Independent and Non-Executive Vice Chairman CTOS Digital Berhad announced resignation of Mr. Dennis Colin Martin as non-independent and non-executive vice chairman. Date of change is 30 September 2022. Age: 58; Gender: Male; Nationality: New Zealand; Reason: Personal Reasons. Announcement • Sep 27
CTOS Digital Berhad (KLSE:CTOS) entered into an agreement to acquire 2.1% stake in RAM Holdings Berhad from MUFG Bank (Malaysia) Berhad for MYR 5.9 million CTOS Digital Berhad (KLSE:CTOS) entered into an agreement to acquire 2.1% stake in RAM Holdings Berhad from MUFG Bank (Malaysia) Berhad for MYR 5.9 million on September 26, 2022. The Purchase Consideration for the Proposed Acquisition shall be fully funded by bank financing. The shareholders of CTOS had in the Extraordinary General Meeting held on 25 August 2022 approved the proposed potential acquisition of up to an additional 3,087,500 RAM shares, representing approximately 30.9% equity interest in RAM at a price of not more than MYR 28.50 per RAM share for a total cash consideration of up to approximately MYR 88.0 million over a period of 12 months from the date of the said EGM. In financial year 2021 RAM generated revenue of MYR 48.7 million and profit after tax of MYR 14.2 million. RAM has total assets of MYR 206.2 million and has net assets of MYR 176.4 million. The Proposed Acquisition is expected to be completed within a month of the SPA Announcement • Sep 09
CTOS Digital Berhad (KLSE:CTOS) entered into a Share Purchase Agreement to acquire 15.65% stake in RAM Holdings Berhad from Dragonline Solutions Sdn Bhd for MYR 44.6 million. CTOS Digital Berhad (KLSE:CTOS) entered into a Share Purchase Agreement to acquire 15.65% stake in RAM Holdings Berhad from Dragonline Solutions Sdn Bhd for MYR 44.6 million on September 8, 2022. The Purchase Consideration for the Proposed Acquisitions shall be fully funded by bank financing. The Securities Commission had on 28 April 2022 provided approval for CTOS to acquire majority stakes in RAM within six months. The shareholders of CTOS had in the Extraordinary General Meeting (“EGM”) held on 25 August 2022 approved the proposed potential acquisition of up to an additional 3,087,500 RAM shares, representing approximately 30.9% equity interest in RAM at a price of not more than MYR 28.50 per RAM share for a total cash consideration of up to approximately MYR 88 million over a period of 12 months from the date of the said EGM. There are no liabilities, contingent liabilities and guarantees to be assumed by CTOS, arising from the Proposed Acquisitions. The Proposed Acquisitions are expected to be completed by end of September 2022. Announcement • Sep 03
CTOS Digital Berhad (KLSE:CTOS) completed the acquisition of 19.9% stake in RAM Holdings Berhad from Oscar Matrix Sdn Bhd. CTOS Digital Berhad (KLSE:CTOS) entered into an agreement to acquire a 19.9% stake in RAM Holdings Berhad from Oscar Matrix Sdn Bhd for MYR 51.3 million on July 15, 2022. Under the terms, CTOS Digital will acquire 1,990,000 ordinary shares in RAM for MYR 28.5 per share. The consideration will be funded by a combination of bank borrowings and/or internally generated funds. In the year ending on December 31, 2021, RAM had a revenue of MYR 40.9 million, profit before tax of MYR 15.8 million, profit after tax of MYR 14.2 million and net assets of MYR 176.4 million. The deal is subject to approval by board and shareholders of CTOS and Oscar Matrix. The deal is expected to close by the third quarter of 2022. Maybank Investment Bank Berhad acted as financial advisor to CTOS. As on August 25, 2022, All the conditions precedent as stipulated in the SPA have been fulfilled and the SPA has become unconditional.
CTOS Digital Berhad (KLSE:CTOS) completed the acquisition of 19.9% stake in RAM Holdings Berhad from Oscar Matrix Sdn Bhd on September 2, 2022. Announcement • Jul 28
Ctos Digital Berhad Announces Second Interim Dividend for Financial Year Ending 31 December 2022, Payment Date Is 13 September 2022 CTOS Digital Berhad announced Second Interim Dividend of 0.590 sen per share for Financial Year Ending 31 December 2022. Ex-Date is 15 August 2022. Payment Date is 13 September 2022. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: RM0.009 (vs RM0.006 in 2Q 2021) Second quarter 2022 results: EPS: RM0.009 (up from RM0.006 in 2Q 2021). Revenue: RM46.5m (up 23% from 2Q 2021). Net income: RM22.5m (up 84% from 2Q 2021). Profit margin: 48% (up from 32% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 21%, compared to a 18% growth forecast for the industry in Malaysia. Announcement • Jul 16
CTOS Digital Berhad (KLSE:CTOS) entered into an agreement to acquire a 19.9% stake in RAM Holdings Berhad from Oscar Matrix Sdn Bhd for MYR 51.3 million. CTOS Digital Berhad (KLSE:CTOS) entered into an agreement to acquire a 19.9% stake in RAM Holdings Berhad from Oscar Matrix Sdn Bhd for MYR 51.3 million on July 15, 2022. Under the terms, CTOS Digital will acquire 1,990,000 ordinary shares in RAM for MYR 28.5 per share. The consideration will be funded by a combination of bank borrowings and/or internally generated funds. In the year ending on December 31, 2021, RAM had a revenue of MYR 40.9 million, profit before tax of MYR 15.8 million, profit after tax of MYR 14.2 million and net assets of MYR 176.4 million. The deal is subject to approval by board and shareholders of CTOS and Oscar Matrix. The deal is expected to close by the third quarter of 2022. Maybank Investment Bank Berhad acted as financial advisor to CTOS. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RM1.21, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 19x in the Professional Services industry in Asia. Simply Wall St's valuation model estimates the intrinsic value at RM1.00 per share. Announcement • May 02
CTOS Digital Berhad, Annual General Meeting, May 27, 2022 CTOS Digital Berhad, Annual General Meeting, May 27, 2022, at 09:30 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 31 december 2021 together with the Reports of the Directors and Auditors thereon; to re-elect the following Directors who retire pursuant to Clause 76 (3) of the Company's Constitution:- (i) Loh Kok Leong (ii) Dato' Noorazman Bin Abd Aziz; to approve the payment of Directors' fees for an amount not exceeding RM725,000 from 28 May 2022 until the next AGM of the Company; to approve the payment of Directors' benefits for an amount not exceeding RM25,000 from 6 September 2021 until the next AGM of the Company; and to re-appoint PricewaterhouseCoopers PLT as Auditors of the Company and to authorise the Directors to fix their remuneration. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: RM0.006 (up from RM0.004 in 1Q 2021). Revenue: RM42.7m (up 12% from 1Q 2021). Net income: RM12.5m (up 47% from 1Q 2021). Profit margin: 29% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 22%, compared to a 15% growth forecast for the industry in Malaysia. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to RM1.35, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 19x in the Professional Services industry in Asia. Simply Wall St's valuation model estimates the intrinsic value at RM0.98 per share. 
