CGS-CIMB analyst Andrea Choong maintained a Buy rating on Silverlake Axis (SLVFF – Research Report) on August 28 and set a price target of S$0.37. The company’s shares closed last Thursday at $0.18.
Choong covers the Financial sector, focusing on stocks such as UOB, DBS Group Holdings, and OCBC. According to TipRanks, Choong has an average return of -5.7% and a 19.05% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Silverlake Axis with a $0.27 average price target, representing a 53.41% upside. In a report released yesterday, Phillip Securities also maintained a Buy rating on the stock with a S$0.38 price target.
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The company has a one-year high of $0.34 and a one-year low of $0.17. Currently, Silverlake Axis has an average volume of 4,081.
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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.
