Silverlake Axis

Silverlake Axis announces 6 new contracts wins

SINGAPORE (July 10): Digital economy solutions and services provider Silverlake Axis announced Thursday it has secured a total of six new contracts.

These include two contracts to deliver digital platforms for financial services in Malaysia, and four contracts by wholly-owned subsidiary Silverlake Symmetri to provide software upgrades, implementation and maintenance services to its core banking and card customers.

Silverlake Axis on track for solid FY19, says RHB

SINGAPORE (June 20): RHB Research is keeping Silverlake Axis as its top pick in Singapore and in the technology sector, as the digital economy solutions and services provider stays on track to finish the year on a high.

“With improving fundamentals and strong earnings growth as of 9M19, Silverlake Axis is on track to record a robust FY19,” says lead analyst Jarick Seet in a Wednesday report.

“We expect the sturdy growth in earnings and margins to continue into 4Q19, as it continues to execute the major Malaysian core banking contract,” he adds.

Solid fundamentals, ample new order opportunities keep Silverlake at 'buy'

SINGAPORE (May 24): DBS Vickers Securities is maintaining “buy” on Silverlake Axis while raising its target price on the stock by 1 cent to $0.63, which is derived from the peer average of 21 times FY19F P/E based on the group’s FY Jun 20F earnings after assuming slightly higher gross margins.

This comes post the group’s latest release of its 3Q19 and 9M19 results, which saw key segments registering revenue growth with 9M19 revenue and net profit jumping 23% and 82%, respectively.

Silverlake Axis kept at 'buy' by RHB given on track for strong 2019

SINGAPORE (Mar 28): RHB Research is maintaining its “buy” call on Silverlake Axis with a target price of 65 cents, while keeping the stock its country pick.

In the group’s latest 2Q19 results, earnings doubled to RM67.5 million ($22.5 million), while revenue increased by 20% to RM169.0 million, compared to 2Q18. This was mainly due to wider margins stemming from licensing revenue jumping 98% y-o-y as it continued to implement a major Malaysian contract.

Upside potential for Kimly limited despite reasonable valuations, says RHB

SINGAPORE (Feb 20): RHB Research is maintaining “neutral” on Kimly Limited with a lower target price of 24 cents after lowering FY19F PATMI by 5% and says it sees limited potential upside to the stock despite its reasonable valuations.

This comes post the release of Kimly’s 1Q19 earnings results, which reflected a lower y-o-y bottomline despite revenue growth, as distribution and selling expenses rose on the back of higher online delivery fees and packing materials used.

Silverlake Axis poised for an upward trajectory after a strong 2Q, say analysts

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.

Silverlake Axis doubles 2Q earnings to $22.5 mil; proposes second interim dividend of 0.4 cent per share

SINGAPORE (Feb 14): Silverlake Axis, a provider of digital economy solutions and services, saw its earning double to 67.5 million ringgit ($22.5 million) in the 2Q19 ended December, from 34.0 million ringgit a year ago.

2Q19 revenue grew 20% to 169.0 million ringgit, from 141.4 million ringgit a year ago.

Stocking up on the future

SINGAPORE (Feb 4): The advent of another new year has us thinking about the future — specifically the future economy. From preschoolers to mid-career executives, corporate bosses to top civil servants, just about everybody is busy preparing for the disruptive force of technology, even though it is not clear exactly how businesses and the economy will be reshaped.

Bringing home the bacon

SINGAPORE (Feb 1): The Edge Singapore has assembled the annual portfolio of 10 stocks, done in conjunction with the Lunar New Year.

Market valuations may be inexpensive but stay defensive: RHB

SINGAPORE (Jan 2): RHB Research prefers to stay selective and defensive amid growth uncertainties in 2019.

The Straits Times Index (STI), down 12% in USD terms, could remain under pressure this year amid slowing GDP growth and an uncertain trade outlook due to China-US tensions.

In a Wednesday report, analyst Shekhar Jaiswal says, “While 12.6x forward P/E and 4.2% dividend yield make the STI’s valuations look compelling, we recommend investors stay selective and focus on buying stocks offering stable earnings, strong balance sheets, and sustainable dividends.”

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