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Silverlake worth a relook on project orders backlog and GST removal in Malaysia

PC Lee
PC Lee5/16/2018 11:51 AM GMT+08  • 2 min read
Silverlake worth a relook on project orders backlog and GST removal in Malaysia
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.
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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.


See: Silverlake posts 93% drop in 3Q earnings to $9.74 mil on significantly lower other income

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