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Home / Capital / Brokers Calls

Analysts see silver lining despite difficult 2HFY20 for Silverlake Axis

Broker's Calls

Analysts see silver lining despite difficult 2HFY20 for Silverlake Axis

Ng Qi Siang Published on Wed, May 20, 2020 / 3:21 PM GMT+8

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SINGAPORE (May 20): Despite forecasting a poor 2HFY20 on the back of a bearish Covid-19-hit economy, most analysts have maintained “hold” calls on Silverlake Axis on the back of attractive valuations for the software firm.

How the firm - which specialises in software for the finance industry -- performs going forward, will depend on the willingness of banks and financial institutions to keep up with their IT capital expenditure post-crisis.

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