|Bid||0.4600 x 0|
|Ask||0.4650 x 0|
|Day's range||0.4550 - 0.4650|
|52-week range||0.3900 - 0.5800|
|Beta (3Y monthly)||0.59|
|PE ratio (TTM)||30.67|
|Earnings date||23 Aug 2018 - 27 Aug 2018|
|Forward dividend & yield||0.03 (6.02%)|
|1y target est||0.60|
SINGAPORE (Aug 23): Silverlake Axis reported 4Q19 earnings of RM67.5 million ($22.3 million), 86% higher versus RM36.2 million in 4Q18. The quarterly bottomline also brings FY19 earnings to RM245.6 million, 83% higher than RM134.1 million in FY18. In 4Q19, revenue came in 30% higher at RM189.3 million from RM145.5 million a year ago, with the group’s software project services seeing the higher revenue increase of 262% y-o-y to RM35.2 million.
Silverlake Axis Price – $0.425 Target – $0.62 Over 40% of the top 20 largest banks in South-East Asia which outsourced their core banking solutions run on Silverlake Axis’s (SAL) core banking solutions. Moreover, SAL is also a market leader in Insurtech providing a collaborative and information exchange platform for the insurance industry. Riding on […]
At the time of writing, Silverlake Axis (SAL)’s share price is down 31 percent from its peak of $0.58 and changing hands at $0.40 which is just a hair’s breadth away from its 52-week low of $0.39. Despite a challenging 2018, especially on the technology and property related fronts, SAL delivered another strong quarter in the latest earnings release. We shall take a closer look to find out if the company could sustain its performances in the coming quarters.