In a report released yesterday, Andrea Choong from CGS-CIMB maintained a Buy rating on Silverlake Axis (SLVFF – Research Report), with a price target of SGD0.44. The company’s shares closed last Friday at $0.21.
Silverlake Axis has an analyst consensus of Hold.
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Based on Silverlake Axis’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $0. In comparison, last year the company earned a revenue of $164.44 million and had a net profit of $47.21 million
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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.
