PETALING JAYA: CTOS Digital Bhd’s business continuity is not at risk following the Kuala Lumpur High Court decision on March 11 to rule in favour of the plaintiff, said Maybank Investment Bank .
SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year.
“We gathered there were no court injunctions, stopping CTOS from continuing to offer credit scores to clients and there are no legal repercussions from doing so. For now, no change to our forecast.“Considering that the share price is already down more than 10%, we believe the risk-reward now is skewed to the upside,” it said.
“We were made to understand that the court’s ruling in favour of the plaintiff was based on a defamation claim, rather than on the legality of providing value-added services such as credit scoring.