Why Silverlake Axis is still a ‘like’

SINGAPORE (Aug 29): CIMB and RHB are keeping their “buy” calls on Silverlake Axis with higher target prices of 68 cents and 77 cents respectively.

Both research houses say the software company’s FY16 results came in line with their expectations.

Silverlake last week posted a 23.3% rise in FY16 earnings to RM636.3 million ($214.3 million) from RM$516 million a year ago.  

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