SINGAPORE (April 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.
The three Malaysian-incorporated private companies – Silverlake Digital Economy (SDE), Silverlake Digitale (SDS), and Silverlake One Paradigm (SOP) – are each 70%-owned Silverlake’s executive chairman Goh Peng Ooi.
“We estimate contributions of close to 19.2 million ringgit (S$6.5 million) from these entities in our FY19F net profit forecast, assuming 15% y-o-y earnings growth for these entities,” says analyst Colin Tan in a report on Tuesday... (Click here to read the full story)