SIlverlake Axis (SAL)

SINGAPORE (July 27): RHB Research is maintaining its “buy” call on software services and solutions provider Silverlake Axis with an unchanged target price of 65 cents on early signs of the start of banks’ capex spending cycle.

SINGAPORE (May 16): Silverlake Axis' business cycle has bottomed out and earnings could surge in the next few years given it has accumulated a significant order backlog of projects, say analysts.

SINGAPORE (Apr 25): CIMB Research is maintaining its “add” recommendation on Silverlake Axis, ahead of renewed growth prospects following the expansion of its fintech capabilities via the earnings-accretive acquisition of three entities.

SINGAPORE (Apr 24): Silverlake Axis announced Tuesday that it has won a new core banking system contract with a large banking institution in Asean.

SINGAPORE (Apr 12): Silverlake Axis has secured a contract to implement a core banking solution for an Islamic bank in Malaysia.

SINGAPORE (Aug 25): Silverlake Axis, the software provider to financial institutions, announced FY17 earnings more than trebled to RM846 million ($269.3 million) from RM273.8 million in FY16.

SINGAPORE (May 17): Analysts continue to be optimistic about future prospects for Silverlake Axis (SAL) despite headwinds faced by the banking software provider.

SINGAPORE (Feb 14): Silverlake Axis (SAL) has posted earnings of RM264.3 million ($78.7 million) in 2Q, from RM66.6 million a year ago.