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.

MAINBOARD-listed fintech firm Silverlake Axis announced on Wednesday that its wholly owned subsidiary, Silverlake Japan, will be dissolved by way of a voluntary liquidation by its shareholder.

FINTECH firm Silverlake Axis said on Thursday that its information technology (IT) service provider's servers have experienced a ransomware attack.

CGS-CIMB on Thursday said it believes the worst is over for Silverlake Axis, and that it expects the fintech firm's earnings to recover in FY21 ending next June, following a weak set of results for its latest quarter.

CGS-CIMB analyst Ong Khang Chuen has upgraded his recommendation on Silverlake Axis to “add” from “hold” as he believes the worst is over for the company. Ong has also increased his target price to 39 cents from 26 cents previously, which represents a 27.9% upside to the counter. Silverlake ...