- On 26 Aug 2024, a voluntary unconditional offer to privatise Silverlake Axis (SGX:5CP) was made at S$0.36 in cash per share (inclusive of S$0.0036 dividend). Our recommendation is to accept the cash offer of S$0.36.
- - Read this at SGinvestors.io -
- Silverlake Axis's 4QFY24 and full-year FY24 earnings were below our estimates. The 39% y-o-y dip in earnings came from lower-than-expected gross margins and higher-than-expected cost of sales and operating expenses.
4Q24 Results
- Silverlake Axis's 4QFY24 results were below our estimates. Full-year FY24 revenue and earnings were at 97% and 70% of our FY24e, respectively.
- - Read this at SGinvestors.io -
- Gross profit fell 9% y-o-y as there was a change in revenue mix and a fall in higher margin revenue streams like software licensing. Higher costs of sales and operating expenses from streamlining business operations led to a decline in PATMI.
Unconditional offer to privatise Silverlake Axis
- Read more at SGinvestors.io.
Above is the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Glenn Thum Phillip Securities Research | https://www.stocksbnb.com/ 2024-08-29
Previous report by Phillip:
2024-05-16 Silverlake Axis - Higher OPEX Hurt Earnings.
Price targets by other brokers at Silverlake Axis Target Prices.
Listing of research reports at Silverlake Axis Analyst Reports.
Relevant links:
Silverlake Axis Share Price History,
Silverlake Axis Announcements,
Silverlake Axis Dividends & Corporate Actions,
Silverlake Axis News Articles
