Singapore Stock Market News

Silverlake Axis - Improved profitability

StockFanatic
Publish date: Thu, 12 Feb 2015, 12:53 PM
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■ 2Q15 net in line. DPS raised by 22%.

■ Recent MYR weakness positive for SAL. Sales mostly in SGD & USD, costs largely in MYR.

■ Maintain BUY & DCF TP of SGD1.40. Catalysts from further earnings deliveries & expansion beyond ASEAN.
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