CTOS, a rating agency is going IPO on 19/7/2021. It's one of the most highly anticipated stock going on Bursa Malaysia. The IPO price is RM1.10 and is ready for subscription a few days a go already.
I've applied a bit for CTOS IPO via Bank eIPO function, cross my hands and hope I get a piece of the action.
CTOS will list on 19/07/2021.
CTOS is a credit rating agency that a lot of banks and other financial institutions rely on to get information about a person's (customer) credit ratings. The credit ratings is used as one of the information to determine the person's credit worthiness for loans.
Individuals/members of public can also get a copy of their CTOS report for RM25 via CTOS's website. CTOS report includes individual's BNM (Bank Negara Malaysia) CCRIS data and other data from other sources.
At the heart of CTOS report is the CTOS score, which is a very high level overview of credit worthiness. The CTOS score ranges from 300 to 850 from poor to excellent.
CTOS has a competitor RAM (Ratings Agency Malaysia) now is called Experian.
20210709 Updates
CTOS IPO share balloting has been completed. Alas, I didn't get any units, all monies were refunded back to my bank account. 😠. The IPO was oversubscribed by 27 times.
20210719 Updates
CTOS share price opened at RM1.50 at opening, 47% higher than issue price of RM1.10 and closed at RM1.62. A very impressive feat indeed.
20210723 Updates
CTOS share price has now settled at RM1.53.
📍Links