$RCECAP(9296.MY$ Many long term holders of RCECAP should still remember the bonus issue declared by the company not that long ago. Comparing to the year between 2016-2020, from 2021 onwards, the company has really stepped up its game in terms of rewarding shareholders through:
1. Upping its dividend payout ratio
2. Several rounds of bonus issues
3. Special dividends (though this is more of a one-time surprises).
Theoretically speaking, the bonus issue shouldn’t impact the u...
1. Upping its dividend payout ratio
2. Several rounds of bonus issues
3. Special dividends (though this is more of a one-time surprises).
Theoretically speaking, the bonus issue shouldn’t impact the u...
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$CTOS(5301.MY$
The third division of the Court of Appeals ruled today that CTOS Digital (CTOS, 5301, Main Board Technology Co., Ltd.) appealed directly to overturn the High Court's ruling, which is to pay compensation to customers for losses suffered due to poor credit scores.
CTOS Digital said it will issue a statement later today to explain the latest developments in this matter.
On March 11 of this year, a 43-year-old businesswoman sued CTOS Digital Systems for negligence and breach of fiduciary obligations, alleging that CTOS digital's inaccurate credit ratings caused damage to her personal reputation, finances, and company business.
The businesswoman said that when she applied for a car loan in May 2019, she was rejected by the bank due to negative reports provided by CTOS. She later discovered that the report contained inaccurate data, which in turn led to an erroneous negative rating.
The businesswoman also alleges that the credit score given to her by CTOS Digital was too low, causing financial institutions to lose confidence in her. As a result, the High Court ordered CTOS Digital to pay RM0.2 million in damages and RM0.05 million in court fees to the businesswoman.
Meanwhile, the High Court ruled that CTOS Digital did not have the right to create credit scores.
The judge stated that the main function of CTOS is to collect, record, preserve, and share information. However, he believes that CTOS is beyond its statutory function to establish credit scores.
After the High Court handed down the above ruling on March 11, the CTOS digital stock price fell in response the next day (March 12). The management urgently summoned analysts and media on the same day...
The third division of the Court of Appeals ruled today that CTOS Digital (CTOS, 5301, Main Board Technology Co., Ltd.) appealed directly to overturn the High Court's ruling, which is to pay compensation to customers for losses suffered due to poor credit scores.
CTOS Digital said it will issue a statement later today to explain the latest developments in this matter.
On March 11 of this year, a 43-year-old businesswoman sued CTOS Digital Systems for negligence and breach of fiduciary obligations, alleging that CTOS digital's inaccurate credit ratings caused damage to her personal reputation, finances, and company business.
The businesswoman said that when she applied for a car loan in May 2019, she was rejected by the bank due to negative reports provided by CTOS. She later discovered that the report contained inaccurate data, which in turn led to an erroneous negative rating.
The businesswoman also alleges that the credit score given to her by CTOS Digital was too low, causing financial institutions to lose confidence in her. As a result, the High Court ordered CTOS Digital to pay RM0.2 million in damages and RM0.05 million in court fees to the businesswoman.
Meanwhile, the High Court ruled that CTOS Digital did not have the right to create credit scores.
The judge stated that the main function of CTOS is to collect, record, preserve, and share information. However, he believes that CTOS is beyond its statutory function to establish credit scores.
After the High Court handed down the above ruling on March 11, the CTOS digital stock price fell in response the next day (March 12). The management urgently summoned analysts and media on the same day...
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$RCECAP(9296.MY$ With the increment of civil servant’s salary (circa 13%) slated to commence from Dec 2024 onwards, its positive impact on RCECAP’s top and bottom line should be reflected from Q4 2025 (Jan-Mar period) onwards, and the full impact should be reflected in FY 2026 (Apr 2025 - Mar 2026) accordingly.
Patience is a virtue and this holds true especially for this stock which has steadily grown over the past few years.
Patience is a virtue and this holds true especially for this stock which has steadily grown over the past few years.
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Common investor
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When I read Buffett pumping money into Citi, I did my research. Sold put option on C back then and purchased at $46 a piece, carried them for dividend for awhile until $63 and sold them all to save some cash.
Current market sentiment is too bullish, good luck for all the traders. I be observing the market until next opportunity arise 😁.
Current market sentiment is too bullish, good luck for all the traders. I be observing the market until next opportunity arise 😁.
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Common investor
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$AEONCR(5139.MY$
AEON Credit (AEONCR, 5139, Main Board Financial Stock) performed well in the 2024 fiscal year, with net profit up 24.73% year-on-year, and announced a dividend of 14 cents.
AEON Credit (AEONCR, 5139, Main Board Financial Stock) performed well in the 2024 fiscal year, with net profit up 24.73% year-on-year, and announced a dividend of 14 cents.
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$CTOS(5301.MY$ Reference is made to the previous announcements released on 11 March 2024 and 14 March 2024 in relation to the litigation case between Suriati binti Mohd Yusof ("Plaintiff") and CTOS Data Systems Sdn Bhd ("CDS"). The Board of Directors of CTOS wishes to inform that following an online case management (e-Review) on 2 April 2024, the hearing date for the appeal has been fixed for 9 July 2024. CDS has also recei...
Common investor
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$CTOS(5301.MY$ Albeit losing the court case, the issue brought up by the plaintiff isnt really about whether CTOS has the right to issue credit score or not. Hence, in my personal opinion, CTOS still have a good chance in winning the appeal. The recent rebounce has, however, reduced the attractiveness of the stock price.
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$RCECAP(9296.MY$ The recent selloff may give common investor the opportunity to initiate some base position, bearing in mind that the PE ratio remains elevated.