Silverlake Axis

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 ...
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 ...
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 ...
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. This was led by an increase in revenue from maintenance and enhancement services, ...
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. At the same time, powerful ...
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. Our selections are CapitaLand, DBS Group Holdings, iFast Corp, iX Biopharma, Mapletree Industrial Trust, MindChamps Preschool, NetLink NBN Trust, Raffles Medical Group, SATS and Silverlake Axis. (Subscribers need to log in to read) This year, we have taken a ...
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 ...
Silverlake posts 5% lower 4Q earnings of $12.1 mil due to lower other income
SINGAPORE (Aug 26): Software services & solutions provider Silverlake Axis reported 4Q18 earnings of RM36.2 million ($12.1 million), down 5% y-o-y from RM38.3 million a year ago due to lower other items of income. The group’s latest 4Q results brings its full year earnings for FY18 to a total of RM134.1 million, representing a more-than sixfold decline from its FY17 earnings of RM863.7 ...
Silverlake Axis sees silver lining in banks' spending recovery
SINGAPORE (June 20): RHB is maintaining its “buy” call on Silverlake Axis with a target price of 65 cents. The group’s financial performances for FY17-18 have been poor as regional banks pull back on major IT spending the past two years. See: Silverlake posts 93% drop in 3Q earnings to $9.74 mil on significantly lower other income In a Wednesday report, analysts Jarick Seet and Lee ...
Silverlake posts 93% drop in 3Q earnings to $9.74 mil on significantly lower other income
SINGAPORE (May 14): Silverlake Axis reported 3Q18 earnings fell 93% to RM29.0 million ($9.74 million) from RM398.4 million in 3Q17. This brings 9M18 earnings to RM93.4 million ($31.4 million), 89% lower compared to RM813.3 million in 9M17. Revenue for the quarter came in at RM126.7 million, 2% higher than RM124.4 million a year ago. This was mainly due to higher contributions from ...