Silverlake Axis / Goh Peng Ooi

Re: Silverlake Axis / Goh Peng Ooi

Postby behappyalways » Fri Dec 01, 2017 7:53 pm

silverlake-axis-posts-81-drop-1q-earnings-102-mil
https://www.theedgesingapore.com/silver ... gs-102-mil
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Re: Silverlake Axis / Goh Peng Ooi

Postby behappyalways » Mon Feb 19, 2018 6:00 pm

Silverlake Axis posts 87% drop in 2Q earnings to $11 mil on absence of one-off gain from disposal
https://www.theedgesingapore.com/silver ... n-disposal
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Sun Apr 22, 2018 8:21 pm

not vested

Silverlake Axis picked to deploy software solution for newly-formed MBSB Bank in Malaysia

by WONG KAI YI

MAINBOARD-LISTED fintech company Silverlake Axis announced on Thursday it has secured a contract from the Malaysia Building Society Bhd (MBSB) to implement a "core banking solution" for newly-formed MBSB Bank in Malaysia.

The contract, whose value was not disclosed, is scheduled to be implemented within 12 months, Silverlake Axis said in its announcement.

On April 2 this year, MBSB acquired Asian Finance Bank (AFB), thereafter rebranding it as MBSB Bank.

The new bank holds MBSB's syariah-compliant assets and liabilities and is now the "second-largest full-fledged Islamic bank" in Malaysia.

The contract will involve the conversion of MBSB's conventional Silverlake Axis Integrated Banking Solution to Silverlake Axis Islamic Integrated Banking Solution (SIIBS).

SIIBS will be the core banking system underpinning MBSB Bank, which aims to provide a wide range of syariah-compliant products and services for its retail, SME and corporate customers, Silverlake said.

AFB's core banking system will subsequently be folded into SIIBS.

In addition, Silverlake said it will employ digital solutions from subsidiaries Cyber Village, Silverlake Digitale and Silverlake One Paradigm to "drive syariah-compliant digital innovations" at MBSB Bank.

Silverlake Axis expects the contract to positively contribute to its results for the 2018 financial year and beyond.

The company highlighted that in keeping with the confidentiality clause stipulated in the contract, no further details of the contract will be disclosed.

Its counter closed 2.78 per cent down to S$0.525 apiece on Thursday, before the announcement was made.

Source: Business Times

https://www.businesstimes.com.sg/compan ... sb-bank-in
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Wed Apr 25, 2018 9:15 am

not vested

Time for another look at renewed growth prospects

SILV is expanding its fintech capabilities to complement its primary core banking services via the earnings-accretive acquisition of three private entities.

Recovery in customers’ orders is within sight, in our view, with revenue recognition from delivery of contracts and recent order wins.

SILV enjoys recurrent income from the upkeep of banks’ core banking IT systems, which will continue for the long term in our view.

The stock trades at 16.0x CY19F core P/E, below its historical 6-year average of 20.7x, with 7% dividend yield in FY19F (based on our estimates).

Maintain Add with a lower DCF-based TP of S$0.58 (WACC: 10.1%) following a transfer of analyst coverage

Source: CIMB

https://brokingrfs.cimb.com/OS0bhj6I-gc ... EQx0A2.pdf
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Re: Silverlake Axis / Goh Peng Ooi

Postby behappyalways » Fri Apr 27, 2018 8:48 pm

Silverlake Axis secures new core banking contract

By Stanislaus Jude Chan

24/04/18

SINGAPORE (Apr 24): Silverlake Axis announced Tuesday that it has won a new core banking system contract with a large banking institution in Asean.

While the value of the contract was not disclosed, the group says the contract is expected to contribute positively to its results for FY18 and the following financial years.

No further details of the contract, including the name of the bank, were disclosed, due to a confidentiality clause.

According to Silverlake, the bank is undertaking a comprehensive programme to modernise its existing core banking legacy systems with a customer-centric platform.

This new platform is expected to support the bank’s business transformation plans and allow it to deliver its digital initiatives.

Silverlake’s software suite deployed for this contract will include its flagship core banking solution, Silverlake Axis Integrated Banking Solution (SIBS), as well as digital solutions from its three wholly-owned subsidiaries.

The first phase of the project will see the rollout of the bank’s new ATM switch, retail payments platform, and mobile banking.

This will be followed by the migration of the bank’s legacy core banking systems – including customer information, Islamic deposit, financing, general ledger and electronic banking system modules – to SIBS.

The contract is scheduled to be implemented within 15 months

Shares of Silverlake Axis closed flat at 53 cents on Tuesday.

Source: The Edge

https://www.theedgesingapore.com/silver ... g-contract
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Wed May 16, 2018 9:32 am

Time To Relook As Earnings Bottom Out

Market Cap: USD1,098m

Maintain BUY, with an unchanged DCF-backed TP of SGD0.65 offering a 18% upside.

Silverlake reported a weak 3Q18, with recurring PATMI down 11% YoY due to a slowdown in its maintenance revenue as well as a forex loss.

However, we believe that this should be the bottom of its earnings cycle, as it has managed to clinch new key banking projects in the last few months, which have bumped up its orderbook quite significantly to over MYR380m.

This would result in strong earnings growth in FY19-20F.

Its dividend yield also remains attractive, at around 4.6% for FY18F.

Source: RHB

http://rhb.ap.bdvision.ipreo.com/NSight ... 1cb2ee9281
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Thu May 24, 2018 11:20 am

not vested

Fintech innovation accelerator

Provides core banking and insurance system implementation to improve efficiency and address
digital disruption challenges

Turnaround in sight with growing project orderbook

High recurring revenue; high margins

Fair value of S$0.65 based on 22x FY19F PE

Source: DBS

https://researchwise.dbsvresearch.com/R ... VyaWRAQA==
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Re: Silverlake Axis / Goh Peng Ooi

Postby behappyalways » Sat Jun 16, 2018 5:24 pm

Silverlake posts 93% drop in 3Q earnings to $9.74 mil on significantly lower other income
https://www.theedgesingapore.com/silver ... her-income
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Wed Jun 20, 2018 10:58 am

not vested

Silverlake Axis (SILV SP, BUY, TP: SGD0.65)

Riding On Banks’ Spending Recovery

Company Update
Maintain BUY and SGD0.65 TP, 25% upside.

Silverlake’s poor FY17-18 financial performances have been on regional banks cutting/pulling back on major IT spending over the last two years.

However, we understand these banks are now open to large IT capex again, with some needing to upgrade core banking systems.

This trend is justified by Silverlake’s contract wins over the last few months and orderbook at near record highs.

Hence, we think earnings will surge strongly over the next two years, especially in FY19, and maintain our call on this counter.

Source: RHB

https://research.rhbtradesmart.com/atta ... 4ee362.pdf
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Re: Silverlake Axis / Goh Peng Ooi

Postby winston » Mon Aug 27, 2018 9:27 am

not vested

A mixed bag but look to stronger FY19F ahead

SILV’s results were below expectations with 4QFY6/18 and FY6/18 core net profit, accounting for 22% and 87% of our full-year forecasts, respectively.

Negative surprise in 4QFY18 came from RM12.8m impairment of goodwill for its SHGH JV in 4Q18.

We expect stronger FY19F ahead on the back of RM340m order backlog.

Maintain Add with an unchanged TP of S$0.56.

Source: CIMB

https://brokingrfs.cimb.com/ZpkFT0vvKol ... 4N-Fw2.pdf
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