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$BIDU-SW (09888.HK)$ nice set of result. cautiously optimistic
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$CTOS (5301.MY)$
According to the Business Times,
the Court of Appeal ruled that businesswoman Suriati Mohd Yusoff failed to make out a case in defamation, negligence, or breach of statutory duty against CTOS, and set aside a lower court's award of RM200,000 in damages to Suriati over an inaccurate credit rating. (View original at https://www.nst.com.my/business/corporate/2024/07/1074462/analysts-raise-ctos-digital-target-prices-a...
According to the Business Times,
the Court of Appeal ruled that businesswoman Suriati Mohd Yusoff failed to make out a case in defamation, negligence, or breach of statutory duty against CTOS, and set aside a lower court's award of RM200,000 in damages to Suriati over an inaccurate credit rating. (View original at https://www.nst.com.my/business/corporate/2024/07/1074462/analysts-raise-ctos-digital-target-prices-a...
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Confirmation of the legality of credit ratings has led to multiple upgrades in CTOS securities.
(Kuala Lumpur, 10th news) The Court of Appeal overturned the High Court's ruling in support of $CTOS (5301.MY)$the legality of CTOS Digital credit ratings, analysts are bullish that this will effectively prevent similar claims from arising.
Kenanga Investment Bank research analysts pointed out that the Court of Appeal ruled that, according to common law, credit reporting agencies do not have a duty of care and can formulate and publish credit scores as part of the credit reporting business, in accordance with legal provisions.
Analysts believe that this can eliminate any existing doubts and ambiguities that may arise in future cases related to such legislation, namely the interpretation of credit reporting agencies.
As a result, the analyst has upgraded the rating of CTOS Digital from "below the market" to "outperform the market", and significantly raised the target price from the original 1.15 ringgit to 2 ringgit.
After this favorable ruling, the stock risk premium disappeared, we adjusted the weighted average cost of capital (WACC) discounted cash flow input from 7% back to 6%, and also increased the terminal growth rate to 3.5%, previously 0%.
Likewise, UOB Investment Bank research pointed out that since the legality of formulating and publishing credit scores is no longer in question, this will drive the business of CTOS Digital and its credit reporting agencies (CRAs).
This kind of judgment may prevent similar claims in the future.
Analysts say that this prevents potential large claims that CTOS Digital may face, reducing the risk premium, therefore...
(Kuala Lumpur, 10th news) The Court of Appeal overturned the High Court's ruling in support of $CTOS (5301.MY)$the legality of CTOS Digital credit ratings, analysts are bullish that this will effectively prevent similar claims from arising.
Kenanga Investment Bank research analysts pointed out that the Court of Appeal ruled that, according to common law, credit reporting agencies do not have a duty of care and can formulate and publish credit scores as part of the credit reporting business, in accordance with legal provisions.
Analysts believe that this can eliminate any existing doubts and ambiguities that may arise in future cases related to such legislation, namely the interpretation of credit reporting agencies.
As a result, the analyst has upgraded the rating of CTOS Digital from "below the market" to "outperform the market", and significantly raised the target price from the original 1.15 ringgit to 2 ringgit.
After this favorable ruling, the stock risk premium disappeared, we adjusted the weighted average cost of capital (WACC) discounted cash flow input from 7% back to 6%, and also increased the terminal growth rate to 3.5%, previously 0%.
Likewise, UOB Investment Bank research pointed out that since the legality of formulating and publishing credit scores is no longer in question, this will drive the business of CTOS Digital and its credit reporting agencies (CRAs).
This kind of judgment may prevent similar claims in the future.
Analysts say that this prevents potential large claims that CTOS Digital may face, reducing the risk premium, therefore...
Translated
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$Alphabet-C (GOOG.US)$ $Amazon (AMZN.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Microsoft (MSFT.US)$
$Kweichow Moutai (600519.SH)$ $Tencent (TCEHY.US)$ $Samsung Electronics Co., Ltd. (SSNLF.US)$ $LVMH Moet Hennessy Louis Vuitton (LVMHF.US)$
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$Baidu (BIDU.US)$ turning investments into R &D into profits
https://hbli07hk.wixsite.com/investigategrowth/post/baidu-bidu-10-05-2024
https://hbli07hk.wixsite.com/investigategrowth/post/baidu-bidu-10-05-2024
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