Silverlake Axis / Goh Peng Ooi

Re: Silverlake Axis / Goh Peng Ooi

Postby behappyalways » Tue May 16, 2017 3:32 pm

Silverlake posts six-fold increase in 3Q earnings to $128.7 mil on one-off gain
http://www.theedgemarkets.com.sg/silver ... l-one-gain
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Wed May 17, 2017 9:47 am

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Silverlake Axis 3QFY17 Results Review
(SILV SP, BUY, TP: SGD0.65, Market Cap: USD1,004m)
Thailand and Vietnam Projects In 4Q17

SAL reported a strong 3QFY17 on face value. This was mainly on a one-off gain from the sale of shares of its China-listed associate.

Its weaker software licensing and project services revenue – due to the absence of large scale projects in a tough macroeconomic climate where banks are cutting down on big scale IT spending – has led us to lower our FY17F earnings by 6.5%.

This results in our DCF-backed TP being cut to SGD0.65 (from SGD0.70, 23% upside).

We do expect a stronger 4QFY17 ahead, though, on new Vietnam and Thailand projects.

Maintain BUY.

Source: RHB

http://rhb.ap.bdvision.ipreo.com/NSight ... e44e57.pdf
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Wed May 17, 2017 3:44 pm

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Silverlake Axis Ltd (ADD, tp:S$0.65) - Seeing more requests for proposals

3QFY6/17 was below our expectations as core net profit slid into a loss of RM7m as revenue fell 21% yoy.

9M17 core net profit formed 13.1% of our FY17 forecast.

One-off gains amounted to RM406m in 3Q17 and RM780m in 9M17.

0.70 Scts DPS was declared for 3Q17.

Balance sheet was in net cash position at end-3QFY17 (16% of market cap).

We cut FY17F core EPS forecast by 39.6% due to higher tax provisions for one-off gains.

Source: CIMB

https://brokingrfs.cimb.com/Hz6lgd9suyu ... rOWNA2.pdf
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Thu Jun 01, 2017 11:32 am

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Silverlake Axis Ltd. has added Analytics to its Software-as-a-Service Offerings for Insurers.

The company launched its newest offering TrueSight Analytics which encompasses a suite of analytic solutions to help insurers meet their growing analytics need and support their business success by providing the right data for making timely decisions.

Source: Phillips

http://infopub.sgx.com/FileOpen/SAL%20- ... eID=456071
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Tue Jun 06, 2017 9:26 am

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Silverlake Axis kept at ‘add’ on brightening prospect of new order wins

By PC Lee

SINGAPORE (June 5): CIMB is maintaining its “add” on Silverlake Axis with 65 cents target price given the launch of a new product and increasing prospect of new order wins.

In a Friday note, CIMB analyst William Tng says Silverlake’s insurance processing subsidiary Merimen has launched its newest offering, TrueSight Analytics.

TrueSight provides insurers with comparative analysis of parts pricing, labour pricing and turnaround time among vendors and service providers. The data can be used to benchmark, measure and improve claims indicators.

Already, TrueSight Analytics has won its first customer in Indonesia. Now, Merimen hopes to win more customers in the region.

Meantime, Tng says the prospect of new order wins is increasing given key banking customers seem to have seen the worst from the impact of the oil & gas downturn.

To recap, software Licensing Revenue (SLR) has been on the decline since 4Q16 and 2Q17 and 3Q17 SLR were the lowest since 1Q13.

Software Project Services Revenue (SPSR) actually hit a record of RM36.1 million ($11.7 million) in 2Q16 but has been on the decline since then.

As for Silverlake acquiring the shareholdings of executive chairman Goh Peng Ooi in various private entities, Tng says investors are likely to react positively if this acquisition is financed via the issuance of new Silverlake shares.

Silverlake has already submitted a non-binding letter to Goh indicating its interest in further exploring this potential opportunity.

Tng has also doubled its FY17 core EPS forecast after obtaining a better understanding of Silverlake’s one-off items in its 9M17 results and the relevant tax adjustments.

This came after 3Q17 core net profit was adjusted to RM40 million from a loss of RM7 million previously after taxation changes.

Shares of Silverlake closed 0.5 cent higher at 54 cents.

Source: The Edge

http://www.theedgemarkets.com.sg/smr/?q ... 5-87358173
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Wed Jun 07, 2017 9:08 am

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Silverlake Axis received a purchase order to implement the Silverlake Axis Integrated Banking Solution (SIBS) for a bank in Thailand.

The key modules of SIBS will replace the Bank's legacy core banking system which involves customer information, loans, loan origination, deposit, remittance and branch delivery.

The contract is expected to last for 18 months followed by four years of maintenance services.

The contract is expected to contribute positively to the results of SAL for financial year 2018.

Source: Phillips
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Fri Jun 16, 2017 9:20 am

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Silverlake Axis Ltd announced that Cyber Village Sdn Bhd, a wholly-owned subsidiary of the Company, has received a letter of award from an insurance trade association to develop and deliver an innovative digital collaboration platform for the life insurance and takaful insurers in Malaysia.

http://infopub.sgx.com/FileOpen/Silverl ... eID=457859
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Tue Jun 27, 2017 9:23 am

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Silverlake Axis Ltd

The Board of Directors of Silverlake Axis Ltd is pleased to announce that the Group has been awarded a contract to implement the Silverlake Axis Integrated Banking Solution (SIBS).

In this contract with a leading ASEAN bank, an existing customer of the Group, SAL will enable the core banking transformation of the Bank’s international branches.

Source: SGX Masnet, Phillip Securities Research
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Mon Aug 28, 2017 9:47 am

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Silverlake Axis: 4Q17 net profit fell 58% YoY to RM32.7 million (S$10.4 million) as customers deferred and reduced IT capital expenditure amid uncertainties in the region.

It declared a final and special dividend of 0.3 Singapore cent and 1 Singapore cent, respectively. Together with the interim dividend, full year dividend amounted to 4.5 Singapore cents, a 50% YoY increase.

The company expects FY18 performance to be better, driven mainly from increased demand for digital banking and payments solutions.

Business Times / Bloomberg / Straits Times / The Edge Markets / SGX
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Fri Sep 15, 2017 3:33 pm

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Silverlake Axis potential sale of shares in Global InfoTech

Silverlake Axis (SAL) announced that it may sell up to 19.2 million of its Global InfoTech (GIT) shares within the sixmonth period commencing from 13 October 2017.

SAL currently holds an aggregate of 41.6 million shares, representing approximately 9.247% stake in GIT, a listed company on ChiNext of the Shenzhen Stock Exchange.

Source: DBS
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