CTOS Digital rises 60% over RM1.10 issue price in morning of

CTOS Digital rises 60% over RM1.10 issue price in morning of listing


KUALA LUMPUR (July 19): CTOS Digital Bhd (formerly known as CTOS Holdings Sdn Bhd) debuted on the Main Market of Bursa Malaysia this morning, surging to a high of RM1.76, a 60% premium over its initial public offering price (IPO) of RM1.10.
The stock opened at RM1.50 or 40 sen above its IPO price. 
At the time of writing today, the stock had climbed 50% or 55 sen to RM1.65 with a trading volume of 124.86 million — making it the most active stock traded on Bursa.
The share price exceeded Kenanga Research’s target price (TP) of RM1.40, which is pegged at 45 times earnings for the financial year ending Dec 31, 2022 (FY22), and UOB Kay Hian Research’s TP of RM1.32 based on 40 times FY22 price-earnings ratio (PER).

Related Keywords

Bursa , Turkey , Kuala Lumpur , Malaysia , Malaysian , , Holdings Sdn Bhd , Sdn Bhd , Main Market , Bursa Malaysia , வான்கோழி , குவாலா லம்பூர் , மலேசியா , மலேசியன் , ஹோல்டிங்ஸ் ஸ்டன் ப்ட் , ஸ்டன் ப்ட் , பிரதான சந்தை ,

© 2025 Vimarsana