CTOS shares jump 14pct on stronger Q3 earnings
KUALA LUMPUR: CTOS Digital Bhd shares rose in early trade after the company reported higher third-quarter earnings, although analysts warned of near-term pressure from service disruptions and higher taxes.
CTOS Digital Bhd's shares experienced a 14.1% increase in early trading following the release of stronger-than-expected third-quarter earnings. The credit reporting agency's net profit climbed by 11.5% to RM27.54 million for the quarter ended September 30, 2026, while revenue grew 5.5% to RM87.56 million. For the first nine months of 2026, net profit rose 14% to RM68.71 million, and revenue increased 7.5% to RM256.02 million.
Analysts, however, cautioned that near-term challenges could arise due to service disruptions and higher taxes, with the Central Credit Reference Information System suspension and the expiration of a tax incentive potentially impacting fourth-quarter results. Despite these concerns, some analysts remain optimistic, citing the company's strong core solutions and leadership position in the market.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
