CTOS announced that it is acquiring a 49% stake in credit software provider Juris Technologies for RM205.8m and an additional 2.25% stake in BOL for up to RM34.9m, both to be funded via private placement. The acquisition price of JurisTech is fair in our view, with clear synergies with CTOS’s core businesses. The incremental associates profits will be partially diluted by the enlarged share base, netting an FY22-23E EPS upward revision of 6-11%. Maintain Buy with a slightly higher TP of RM2.40.