Re: Silverlake Axis / Goh Peng Ooi
Posted: Mon Aug 30, 2021 9:41 am
Operational headwinds bottoming out
Adjusting for one-off expenses, FY21 core net profit of RM167m (+17% yoy) was above expectations at 111%/113% of our/consensus forecasts.
Order win momentum was positive at RM100m in 4Q — highest in past 3 quarters. FI’s investment appetite is returning — Mobius will be key driver.
Reiterate Add, with a higher TP of S$0.37, still based on 16x CY22F P/E.
Source: CIMB
https://rfs.cgs-cimb.com/api/download?f ... D54FFCD9AA
Adjusting for one-off expenses, FY21 core net profit of RM167m (+17% yoy) was above expectations at 111%/113% of our/consensus forecasts.
Order win momentum was positive at RM100m in 4Q — highest in past 3 quarters. FI’s investment appetite is returning — Mobius will be key driver.
Reiterate Add, with a higher TP of S$0.37, still based on 16x CY22F P/E.
Source: CIMB
https://rfs.cgs-cimb.com/api/download?f ... D54FFCD9AA