SINGAPORE (May 16): Silverlake Axis' business cycle has bottomed out and earnings could surge in the next few years given it has accumulated a significant order backlog of projects, say analysts.

In a Tuesday report, CGS-CIMB Securities analyst Colin Tan says while Silverlake’s 3Q performance was lacklustre, it has accumulated order backlog of roughly RM380 million due to a slew of recent order wins.

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