SIlverlake Axis (SAL)

Silverlake Axis earnings down by 7% for FY2023 - THE EDGE SINGAPORE

Results

Silverlake Axis earnings down by 7% for FY2023

The company reported earnings of RM169.6 million for its FY2023 ended June 30.

Results

Silverlake Axis reports earnings of RM133.9 mil for the 9MFY2023, 1% lower y-o-y

9MFY2023 revenue grew by 6% y-o-y to RM563.6 million, the highest in five years for the nine-month period.

New appointments

Silverlake Axis plans expansion in EMEA, appoints regional MD

The appointment signals SAL’s strong growth plans in the EMEA region.

Disruption and Digitalisation

Silverlake Axis appoints country director for Thailand and Sri Lanka and enters into strategic partnership in Thailand

The group is planning its digital banking growth in Thailand as the country remains its priority growth market.

Results

Silverlake sees RM182.2 mil earnings up 27% y-o-y for FY2022 amid positive growth in digital services industry

Silverlake Axis is a Singapore-listed enterprise technology, software and services company

Broker's Calls

PhillipCapital starts Silverlake Axis at 'buy' with TP of 38 cents

The TP is pegged to an FY2022 P/E of 20x. It is also an 11% upside to peer valuations of around 18x P/E, says analyst Glenn Thum.
Silverlake Axis reports 34% lower 2Q21 earnings of $11.3 mil due to lower project-related revenue segments - THE EDGE SINGAPORE

Results

Silverlake Axis reports 34% lower 2Q21 earnings of $11.3 mil due to lower project-related revenue segments

Earnings per share for the 2QFY2021 and 1HFY2021 stood at 1.29 sen and 2.51 sen per share respectively.

Broker's Calls

CGS-CIMB upgrades Silverlake Axis to 'add' on potential recovery in earnings for FY21

As at 12.50pm, shares in Silverlake Axis were trading 0.5 cent lower, or 1.6% down, at 30 cents.
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