Institutional investors dump CTOS shares as price hits record low after cyber breach

After CTOS Digital disclosed an unauthorised access incident in late September, the Employees Provident Fund, Retirement Fund Inc and Aberdeen Group sold a combined roughly 21.5 million shares, representing about one per cent of the company’s capital. KWAP’s latest disposal reduced its holding to 191.81 million shares (8.724%), while EPF and Aberdeen trimmed their stakes to 20.43% and 14.79% respectively. The share price slid to a record low of 36 sen, more than 40% below the level before the breach was announced.

CTOS bought back 500,000 shares at 61 sen on September 25, yet the price has fallen nearly 41% from that repurchase price. Revised estimates now project a profit reduction of RM12 million and revenue loss of RM16 million for the year ending December 31 2026, prompting several brokerages to downgrade the stock. The decline coincided with the appointment of Putri Norlisa Najib as an independent non-executive director.