Singapore Stock Market News

Silverlake Axis - A Silver Opportunity

StockFanatic
Publish date: Thu, 27 Aug 2015, 11:16 AM
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FY15 was disappointing and we lower our FY16F earnings by 6.7%, to account for higher administration expenses and lower licensing and project sales; management is also refuting all allegations and is hiring Deloitte to undertake an independent review on Silverlake and related private entities. Sentiments aside and solely based on valuations we think the current price levels look attractive and upgrade to BUY based on a conservative 14x FY16F P/E TP of SGD0.58.

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