Silverlake Axis

[thor666]

The most pessimistic analyst report among those I have accessed, with TP 48 cents

Silverlake Axis kept at 'fully valued' by DBS with 48 cents target price

SINGAPORE (Aug 28): DBS Group Research says it is ceasing coverage of Silverlake Axis ( Financial Dashboard) after publishing this Friday research note.

DBS says Silverlake Axis posted disappointing 4Q15 which reflects challenging outlook for the company.

Singapore banks get 22% of their pre-tax profits coming from Greater China region where economic prospects are uncertain.

Meanwhile, sharp weakness in Malaysian Ringgit and Indonesian Rupiah have compounded the worries of Malaysian and Indonesian banks struggling with weak economic growth.

“We model Silverlake Axis to secure RM150 million ($6 million) of new orders for licensing and customised software in FY16F (about RM140 million in FY15) but we expect gross margins to decline leading to flattish earnings in FY16F,” says analyst Sachin Mittal.
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http://www.theedgemarkets.com/sg/article...rget-price

Quite interestingly, the banks which use silverlake as a vendor had given higher TP (though all revised downwards).

Just an observation, interpretation up to individual.

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