Singapore Stock Market News
Silverlake Axis - Stellar 4QFY13 Results
StockFanatic
Publish date: Tue, 27 Aug 2013, 10:55 AM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
In line with expectation, SILV reported stellar 4QFY13 results with
PATAMI of MYR59.8m (+31.4% y-o-y) on the back of a MYR110.2m
revenue (+14.6% y-o-y). With the final dividend of 1.1 cent, the stock is
now trading at an attractive 4.1% yield with strong growth potential. We
put our forecasts and TP under review pending the company's analysts
briefing.
Our most recent TP was SGD0.82. Maintain BUY.
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