Come November, there should be some respite for rising interest rates for stock markets and investors, says Paul Chew, head of research at Phillip Securities.Chew expects the US Federal Reserve to continue hiking up rates till September to tackle inflation because the Fed seems to be guiding a “ne...

PhillipCapital has initiated “buy” on Silverlake Axis (SAL), a Singapore-listed customised software solutions and core banking systems provider.The brokerage has also given the company a target price of 38 cents, which is pegged to an FY2022 P/E of 20x. The target price is also an 11% upside to ...

Singapore-listed software company Silverlake Axis recently announced Fermion Group, an insurtech entity which identifies and creates ways for businesses to integrate insurance ecosystems into customer journeys. But its managing director Andrew Tan tells The Edge Singapore that Fermion was formed at ...

For many decades, the traditional insurance business model proved to be resilient. On the back of deep capital reserves and well-honed underwriting skills — built on many years of experience as well as proprietary data — the industry enjoyed more stability compared to other segments of the finan...

DBS Group Research analyst Ling Lee Keng has maintained her “buy” call and raised her target price on Silverlake Axis to 46 cents from 39 cents previously.This comes after Silverlake released its 9MFY2022 ended March business update on May 13. Referring to the update, Ling says that license and ...

ANALYSTS maintained a positive outlook on Silverlake Axis as they expect its steady contract win momentum will continue into Q4 2022.

THE influx of non-traditional digital banks in recent years may have spurred some excitement in the financial services ecosystem, but at least one banking solutions provider is not jumping on the bandwagon.

The company attributes the drop to the absence of contribution from a US office property that has been sold. Even so, earnings for 2HFY2021 came in at $50.9 million, reversing from a loss of $136.2 million incurred in 2HFY2020.For the full year, OUE’s reported earnings of $80.9 million versus a lo...

FINTECH company Silverlake Axis is offering to buy back up to 242.4 million shares - representing around 9.1 per cent of the total number of its shares in issue - at S$0.33 each in cash, as part of an off-market equal access offer.

Silverlake Axis shares surged 8.93% to close at 31 cents on March 14 after the company announced an off-market purchase offer worth $80 million to buy back a portion of shares held by the minority owners of the company. Silverlake Axis, which providers software and IT services for financial services...