Thursday 28 Mar 2024
By
main news image

SINGAPORE (June 20): RHB is maintaining its “buy” call on Silverlake Axis with a target price of 65 Singapore cents.

The group’s financial performances for FY17-18 have been poor as regional banks pull back on major IT spending the past two years.

In a Wednesday report, analysts Jarick Seet and Lee Cai Ling says, “However, we understand these banks are now open to large IT capex again, with some needing to upgrade core banking systems. This trend is justified by Silverlake’s contract wins over the last few months and orderbook at near record highs... (Click here to read the full story)

      Print
      Text Size
      Share