Stock Name: Silverlake
Company Name: SILVERLAKE AXIS LTD
DMG & Partners Research in a Feb 2 research report says: "Silverlake Axis (SLA), a leading software services and solutions provider that specialises in core banking system, has a flagship product which is widely used by established financial institutions in the region, including 40% of the top 20 largest banks in Southeast Asia.
"While this is a stable business, the real excitement comes from its three recent acquisitions that is expected to catapult both the top and bottom lines. We favour SLA because of (1) earnings visibility with solid margins, (2) an established competency allowing it to tap on the robust regional demand and (3) growing maintenance services which stabilises earnings.
"Target price of 49 cents, representing over 60% upside potential. BUY (initiating coverage)."
Company Name: SILVERLAKE AXIS LTD
| Research House: DMG | Price Call: BUY | Target Price: 0.49 |
DMG & Partners Research in a Feb 2 research report says: "Silverlake Axis (SLA), a leading software services and solutions provider that specialises in core banking system, has a flagship product which is widely used by established financial institutions in the region, including 40% of the top 20 largest banks in Southeast Asia.
"While this is a stable business, the real excitement comes from its three recent acquisitions that is expected to catapult both the top and bottom lines. We favour SLA because of (1) earnings visibility with solid margins, (2) an established competency allowing it to tap on the robust regional demand and (3) growing maintenance services which stabilises earnings.
"Target price of 49 cents, representing over 60% upside potential. BUY (initiating coverage)."
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