Re: Silverlake Axis / Goh Peng Ooi
Posted: Thu Mar 28, 2019 10:50 am
not vested
Silverlake Axis (SILV SP) Buy (Maintained)
Solid In 2019; Keep BUY Target Price (Return) SGD0.65 (+18%)
Price: SGD0. (+18%) 55
Market Cap: USD1,075m
Avg Daily Turnover (SGD/USD) 0.7m/0.5m
Keep BUY on this country pick, SGD0.65 TP offers 18% upside plus 4% FY19F yield.
Silverlake Axis’ 2QFY19 revenue/PATMI surged 28%/84% YoY, mainly on wider margins
stemming from licensing revenue jumping 98% YoY as it continued to implement a major Malaysian contract.
This outperformance should continue into the rest of 2HFY19, which may lead to stellar
results again, in 3QFY19.
We expect 3QFY19 to be upbeat, on continued margin improvement and a positive PATMI uptrend.
Source: RHB
https://research.rhbtradesmart.com/atta ... ff1cdd.pdf
Silverlake Axis (SILV SP) Buy (Maintained)
Solid In 2019; Keep BUY Target Price (Return) SGD0.65 (+18%)
Price: SGD0. (+18%) 55
Market Cap: USD1,075m
Avg Daily Turnover (SGD/USD) 0.7m/0.5m
Keep BUY on this country pick, SGD0.65 TP offers 18% upside plus 4% FY19F yield.
Silverlake Axis’ 2QFY19 revenue/PATMI surged 28%/84% YoY, mainly on wider margins
stemming from licensing revenue jumping 98% YoY as it continued to implement a major Malaysian contract.
This outperformance should continue into the rest of 2HFY19, which may lead to stellar
results again, in 3QFY19.
We expect 3QFY19 to be upbeat, on continued margin improvement and a positive PATMI uptrend.
Source: RHB
https://research.rhbtradesmart.com/atta ... ff1cdd.pdf