Singapore Stock Market News

Silverlake Axis - Boost from existing customers

StockFanatic
Publish date: Thu, 08 May 2014, 11:28 AM
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• 9M14 profit of RM175m (+28%) was 3% above our estimates due to tight cost control. SILV announced an interim dividend of 1Scts (+25% y-o-y) per share

• Order backlog remained stable at RM250m, as SILV has secured more orders from its existing customers

• FY14F/15F earnings revised up 2.5%/3% on the back of better cost control. HOLD with revised TP of S$0.94
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