Here’s one more reason to ‘buy’ Silverlake Axis

SINGAPORE (July 5): RHB is reiterating its “buy” call on software company Silverlake Axis with an unchanged target price of 68 cents.

In a Tuesday report, analyst Jarick Seet reveals yet another reason why investors should take advantage of the stock’s current share price weakness: Silverlake’s China listed associate, Global Infotech (GIT), has lifted out of suspension and resumed trading on the Shenzhen ChiNext Exchange, and is up 17% at the time of his writing.

Silverlake owns a 20% stake in GIT worth approximately $400 million.

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