Singapore Stock Market News

Silverlake Axis - Higher dividends & healthy pipeline

StockFanatic
Publish date: Tue, 12 Nov 2013, 04:45 PM
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• 1Q14F profit of RM51.2m (+29% y-o-y,-14% q-oq) was 8% above our estimate due to forex gains. Interim DPS of 0.8 Scts (+60% y-o-y) was another positive surprise

• FY14F/15F EPS raised 5%/8% on the back of forex gains in FY14F, followed by higher licensing revenue in FY15F.

• Maintain BUY at higher TP of S$0.90. The stock offers double-digit growth potential with 4% yield.
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