Analysts from CGS-CIMB Group Research and KGI Securities have maintained their “add” and “neutral” calls on Silverlake Axis, but have lowered their target prices after its 2QFY2021 results came in below expectations. 

Silverlake’s revenue came in at RM160 million ($52.4 million), while EBITDA came in at RM68.8 million and profit before tax and minority interests (PATMI) stood at RM32.9 million. On a semi-annual basis, sales are 13% lower y-o-y while PATMI is down 32% y-o-y.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook