Silverlake Axis upgraded to 'neutral' by RHB Research

Stock Name: Silverlake Axis
Company Name: SILVERLAKE AXIS LTD

Research House: RHB

Price Call: HOLD

Target Price: 1.24

SINGAPORE (May 18): RHB Research has upgraded Silverlake Axis to "neutral" from "sell", with a higher target price of $1.24, after the group posted better-than-expected results for its third quarter ended March 31, 2015.

The company reported net profit of RM76.6 million ($9.9 million), up 22% y-o-y, while revenue climbed 5% to RM143.3 million y-o-y.

Silverlake kept at 'sell' call with $1.13 target price

Stock Name: Silverlake Axis
Company Name: SILVERLAKE AXIS LTD

Research House: OSK-DMG

Price Call: SELL

Target Price: 1.13

SINGAPORE (Feb 16): OSK DMG Partners & Research has maintained its sell call on banking software developer Silverlake Axis with a slightly higher target price (TP) of $1.13 , however the research house feels that Silverlake's current valuations still represent a premium, coupled with a slowdown in topline growth and a lack of catalyst for further upside.

Silverlake Axis kept at 'buy' with $1.40 target price by Maybank Kim Eng

Stock Name: Silverlake Axis
Company Name: SILVERLAKE AXIS LTD

Research House: Maybank Kim Eng

Price Call: BUY

Target Price: 1.40

SINGAPORE (Feb 12): Maybank Kim Eng is maintaining its "buy" call on Silverlake Axis, the developer of of banking software technology, with a $1.40 target price.

In a report out today, analyst Derrick Heng says Silverlake Axis' 2Q15 net income was in line with forecast by the research house.

Furthermore, catalysts from further earnings deliveries and expansion beyond Asean could lead to a rerating of the stock.

Silverlake Axis kept at 'Sell' with target price of $1.22 by OSK DMG

Stock Name: Silverlake Axis
Company Name: SILVERLAKE AXIS LTD

Research House: OSK-DMG

Price Call: SELL

Target Price: 1.22

SINGAPORE (Jan 21): OSK DMG is maintaining its "sell" call on Silverlake Axis with a target price of $1.03, now that the CIMB-RHB-MBSB merger, which could have provided Silverlake's largest deal, has been officially terminated.

With the deal off, potential orderbook could decrease by about MYR100 million ($37 million) and revenue from 2H16 onwards may be negatively impacted by lower topline growth.

"We do expect Silverlake to resume talks with RHB on its core banking upgrade project, though," said analysts Jarick Seet and Terence Wong in a Jan 20 report.

Silverlake Axis cut to "sell" from "neutral", target cut to $1.03 by OSK-DMG

Stock Name: Silverlake Axis
Company Name: SILVERLAKE AXIS LTD

Research House: OSK-DMG

Price Call: SELL

Target Price: 1.03

Silverlake Axis cut to "sell" from "neutral", target cut to $1.03 by OSK-DMG

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