THE following companies saw new developments that may affect trading of their shares on Friday:

FINTECH player Silverlake Axis said on Thursday that it has secured a contract to work on the digital transformation of a consumer credit provider in Malaysia.

SINGAPORE (Aug 26): Silverlake Axis recently secured eight upgrades and enhancement projects totalling about RM40 million ($13 million) from existing customers. And market watchers are bullish on the group’s potential to be a beneficiary of the fintech wave. In its latest 4Q19 earnings, Silverlak...

SINGAPORE (Aug 23): Silverlake Axis reported 4Q19 earnings of RM67.5 million ($22.3 million), 86% higher versus RM36.2 million in 4Q18. The quarterly bottomline also brings FY19 earnings to RM245.6 million, 83% higher than RM134.1 million in FY18. In 4Q19, revenue came in 30% higher at RM189.3 mill...

SINGAPORE (July 10): Digital economy solutions and services provider Silverlake Axis announced Thursday it has secured a total of six new contracts. These include two contracts to deliver digital platforms for financial services in Malaysia, and four contracts by wholly-owned subsidiary Silverlake ...

SINGAPORE (June 20): RHB Research is keeping Silverlake Axis as its top pick in Singapore and in the technology sector, as the digital economy solutions and services provider stays on track to finish the year on a high. “With improving fundamentals and strong earnings growth as of 9M19, Silverlak...

SINGAPORE (May 24): DBS Vickers Securities is maintaining “buy” on Silverlake Axis while raising its target price on the stock by 1 cent to $0.63, which is derived from the peer average of 21 times FY19F P/E based on the group’s FY Jun 20F earnings after assuming slightly higher gross margins...

MAINBOARD-LISTED Silverlake Axis's group managing director, Kwong Yong Sin, is moving on to new roles within the firm after 13 years on the job, and will be succeeded by the current managing director, Andrew Tan Teik Wei. 

SINGAPORE (Mar 28): RHB Research is maintaining its “buy” call on Silverlake Axis with a target price of 65 cents, while keeping the stock its country pick. In the group’s latest 2Q19 results, earnings doubled to RM67.5 million ($22.5 million), while revenue increased by 20% to RM169.0 millio...

SINGAPORE (Mar 19): RHB Research is sticking to its bottom-up approach in the tech sector, focusing on key selection of stocks which have sound fundamentals and balance sheet as well as good growth despite the ongoing trade war issues. This means RHB tries to identify the laggards -- those which ha...