Silverlake Axis / Goh Peng Ooi

[behappyalways]

Silverlake Axis secures enhancement contracts to 77 existing customers worth nearly $40 mil
https://www.theedgesingapore.com/capita ... rth-nearly

[winston]

not vested

Silverlake Axis Ltd – Project-related revenue surges
PSR Recommendation: BUY
Status: Maintained
Target Price: 0.49

1Q23 earnings of RM57.6mn were in line with our estimates, at 28% of our FY23e.

The 64% YoY surge in earnings came from higher software licensing and software and hardware sales offset by lower software project services.

Project-related revenue comprising software licensing and software project services increased 107% YoY due to the delivery of new software licensing deals in Indonesia and Thailand, and the ongoing implementation of two new MOBIUS contracts.

We maintain BUY with an unchanged target price of S$0.49.

Our FY23e estimates remain unchanged.

Our target price is pegged to 20x P/E FY23e.

We expect MOBIUS and the recovery in bank IT spending after two cautious pandemic years to be the key growth drivers for the company.

Source: Phillips

https://www.stocksbnb.com/reports/silve ... ue-surges/

[behappyalways]

Silverlake Axis 1HFY2023 earnings up 5%
https://www.theedgesingapore.com/capita ... earnings-5

[behappyalways]

Silverlake Axis reports earnings of RM133.9 mil for the 9MFY2023, 1% lower y-o-y
https://www.theedgesingapore.com/capita ... ower-y-o-y

[behappyalways]

Silverlake Axis earnings down by 7% for FY2023
https://www.theedgesingapore.com/capita ... n-7-fy2023

[behappyalways]

Silverlake Axis earnings down 15% y-o-y in 1QFY2024; recurring revenue stays strong
https://www.theedgesingapore.com/capita ... ays-strong

[behappyalways]

Silverlake Axis records RM89.3 mil earnings for 1HFY2024, down 11% y-o-y
https://www.theedgesingapore.com/capita ... n-11-y-o-y