is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!


apple developer( growth plans underway with new stake acquisition


choi Baccarat

sàn casino đổi thưởng tiền mặt uy tín SỐ 1 ,Bạn có thể nạp và rút tiền với; Ví điện tử ; đồng tiền ảo; usdt; an toàn tiện lợi và có độ bảo mật cao. Mọi thông tin chi tiết xin liên hệ。

,KUALA LUMPUR: CTOS Digital Bhd's earnings growth is well on track with its additional stake purchase in Business Online PCL as it rolls out plans to tap into high-growth sectors.CTOS recently announced it had acquired an additional 2.65% or 21.74 million shares in Business Online for RM26.8mil, which brings its total stake in the company to 22.65%.According to Kenanga, the timing of the acquisition was a positive surprise as CTOS had just completed its 4.625% acquisition in RAM Holdings on July 29 this year."The faster-than-expected acquisitions, coupled with plans to tap into new sectors with tremendous growth potential such as automotive, insurance and real estate (combined 2021-25 CAGR of 50.6%) have boosted our confidence in CTOS’ earnings growth in the coming years."Post-BOL acquisition, we estimate CTOS’ cash balances at ~RM35m with RM21.8m IPO proceeds earmarked for strategic investments," it said.The research house said the acquisition price translates to FY20 price-earnings ratio (PER) of about 44x, which is in line with global peers' PER of about 40x."The increased stake in the Thai leading credit bureau BOL ( about 59% market share) allows CTOS to further tap into an underpenetrated Thailand (about 57% penetration versus developed US and UK’s 100%)," said Kenanga.It added that Business Online's 1HFY21 earnings are about 30% higher year-on-year.Kenanga reiterated "outperform" with a higher target price of RM1.75 from RM1.40 previously, based on higher FY22 price-ernings ratio of 55x from 45x previously.


Popular tags