SINGAPORE (Feb 15): RHB Research and DBS Vickers Securities are maintaining their “buy” calls on Silverlake Axis with target prices of 65 cents and 62 cents, which represent a 26% and 19% upside, respectively.
This comes after the provider of digital economy solutions & services saw its earnings double to 67.5 million ringgit ($22.5 million) in 2Q from 34 million ringgit in the previous year, mainly due to higher revenue from its maintenance and enhancement services segment.
In a Friday report, RHB analyst Jarick Seet says he believes the group is on track for a healthy FY19 considering its improving fundamental and strong earnings growth, as evident over 1H.
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