However, the analyst’s key derating catalyst is the impending US Federal Reserve (US Fed) rate cut, which may affect overall technology investment sentiment.
CGS International (CGSI) has downgraded its call on Silverlake Axis (SGX:5CP
) (SAL) from “hold” to “reduce”, and lowered its target price from 30 cents to 25 cents.
This follows SAL’s full year results which saw a core net loss of RM8 million ($2.4 million). SAL also announced that it will take the company private at 36 cents per share on Aug 26.
