DBS analyst Ling Lee Keng maintained a Buy rating on Silverlake Axis (SLVFF – Research Report) on August 27 and set a price target of S$0.35. The company’s shares closed last Thursday at $0.18.
According to TipRanks, Lee Keng is a 2-star analyst with an average return of 1.0% and a 33.33% success rate. Lee Keng covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Venture, and Nvidia.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Silverlake Axis with a $0.27 average price target, which is a 53.41% upside from current levels. In a report released today, Phillip Securities also maintained a Buy rating on the stock with a S$0.38 price target.
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SLVFF market cap is currently $481M and has a P/E ratio of 13.06.
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Silverlake Axis is a Singapore-based provider of software solutions for the banking, insurance, government, retail, and logistics industries. The firm’s operations are organized in six segments: software licensing, software project services, maintenance and enhancement services, sale of software and hardware, credit card processing services, and insurance processing services. The firm has operations in Southeast Asia, Northeast Asia, South Asia, the Middle East, North America, Africa, and Europe.
