KUALA LUMPUR: The outlook remains bright for CTOS Digital Bhd as analysts anticipate rapid expansion for the credit reporting agency. Hong Leong Investment Bank (HLIB) Research said CTOS's growth is underpinned by a defensive business model and resilient revenue streams. Separately, it said CTOS is now looking to raise its dividend policy higher to more than 60%. HLIB, which has a "buy" call on CTOS, maintained its target price at RM1.75. On Wednesday, CTOS announced its FY23 net profit grew to RM118.37mil from RM71.72mil previously, while revenue rose to RM261.44mil from RM194.78mil a year earlier.

Source: The Star February 02, 2024 16:42 UTC