“With a rising interest rate environment, which is beneficial to banks, coupled with the gradual recovery of the global economy, we can expect more contract wins going forward. Silverlake’s deal pipeline is at a healthy level of RM1.8 billion ($530 million),” she says.
DBS Group Research analyst Ling Lee Keng has maintained her “buy” rating for Silverlake Axis (SGX:5CP
) with a slightly lower target price of 42 cents from 45 cents previously.
In her report dated May 16, Ling says that Silverlake’s order backlog is “still going strong” into its FY2024 beginning July 1 with a robust deal pipeline, although the company’s order win momentum could be slower in the near term.
