KUALA LUMPUR: Shares in CTOS Digital Bhd rebound as much as 11.11 per cent in active trading today, rising four sen to 40 sen after a sharp sell-off in recent sessions following a cybersecurity incident that disrupted some of its services.
The shares opened unchanged at 36 sen before fluctuating between 33.5 sen and 41 sen.
At midday, the counter was at 40 sen, with about 18.5 million shares traded.
The rebound follows the Finance Ministry;s announcement that 10 credit reporting agencies, including CTOS Data Systems Sdn Bhd, had renewed their registration certificates for the 2026/2027 period, valid until Sept 14 next year.
The renewal allows the agencies to continue conducting credit reporting business under the Credit Reporting Agencies Act 2010.
However, there was no clear indication that the announcement directly contributed to CTOS Digital's share price movement.
The company recently hit an all-time low after several research firms downgraded their recommendations following the cybersecurity breach, which was disclosed on Sept 23.
The incident led Bank Negara Malaysia to suspend its Central Credit Reference Information System, disrupting some CTOS services including CTOS Score and related products.
CTOS has estimated that the disruption could reduce its net profit for the financial year 2026 by RM12 million and revenue by RM16 million, assuming some services remain unavailable until the third week of October.
Research firms have lowered their recommendations and target prices, citing potential earnings pressure, reputational risks and the possibility of customers switching to rival providers.
Before today's rebound, the stock had fallen about 40 per cent year to date and was trading well below its July 2021 initial public offering price of RM1.10.
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