Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The financial sector-foc...

Analysts from CGS-CIMB Research and DBS Group Research have kept “buy” on Silverlake Axis, despite lower-than-expected net profit reported for the 3QFY2021 and 9MFY2021. The financial software provider reported net profit of RM38.7 million ($12.5 million) for the 3QFY2021 ended March and net pro...

MAINBOARD-LISTED Silverlake Axis' profit after tax rose 51 per cent to RM38.7 million (S$12.56 million) for the third quarter ended March 31.

Financial software provider Silverlake Axis has reported revenue of RM140.9 million for its 3QFY21 ended March, down 7% y-o-y. However, earnings increased by 51% in the same period to RM38.7 million, thanks to other income in the form of government subsidies and rental concessions. The company warns...

Analysts from CGS-CIMB Group Research and KGI Securities have maintained their “add” and “neutral” calls on Silverlake Axis, but have lowered their target prices after its 2QFY2021 results came in below expectations.  Silverlake’s revenue came in at RM160 million ($52.4 million), whil...

Mainboard-listed Silverlake Axis has reported earnings of RM34.6 million ($11.3 million) for the 2QFY2021 ended December, 34% lower than earnings of RM52.8 million. For the 1HFY2021, earnings fell 32% y-o-y to RM67.5 million from RM100.0 million previously. Earnings per share for the 2QFY2021 and 1H...

CGS-CIMB is maintaining its ‘add’ call on investment holding company Silverlake Axis Ltd despite seeing its 1QFY2021 results fall short of expectations. CGS-CIMB analyst Ong Khang Chuen has tweaked the target price down 1 cent to 38 Singapore cents.  “1QFY6/2021 core net profit of RM33 mi...

Mainboard-listed Silverlake Axis has posted earnings before interest, taxes, depreciation, and amortization (EBITDA) of RM66.9 million ($21.8 million) for the 1QFY2021 ended Sept 30, some 8% lower than EBITDA of RM72.6 million a year ago. This brings basic and diluted earnings per share (EPS) to 1.2...

A DEFERRAL of big-ticket projects and deals because of Covid-19 has dealt a blow to software company Silverlake Axis's first-quarter results.

A DEFERRAL of big-ticket projects and deals because of Covid-19 have dealt a blow to software company Silverlake Axis's first-quarter results.