Home Capital Broker's Calls

KGI initiates coverage on Silverlake Axis with 30 cents TP

Samantha Chiew
Samantha Chiew7/9/2020 12:52 PM GMT+08  • 2 min read
KGI initiates coverage on Silverlake Axis with 30 cents TP
Silverlake Axis' lake may be shrinking but new ponds are forming
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 9): KGI Securities is initiating coverage on Silverlake Axis with “outperform” and a target price of 30 cents.

Silverlake Axis has strong, multi-year relationships with key Asian banks and other financial institutions, providing and servicing their core banking systems.

Despite COVID-19 leading to lower project revenue due to delays, banking clients have stepped up requests for more maintenance works, essentially leading to minimal sales fall-off.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.