Singapore Stock Market News

Silverlake Axis Ltd - Meeting expectations

StockFanatic
Publish date: Mon, 16 Nov 2015, 01:16 PM
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■ 1Q16 core earnings were in line. 1Q is also usually not a strong quarter.

■ Forex impact was evident in revenue growth as well as net unrealised exchange gain of RM12.9m.

0.6 Scts DPS declared (1Q15: 0.8 Scts). Absolute amount of proposed dividend increased 19% yoy due to effect of completed bonus issue.

■ Gross margin fell to 60% as highest-margin software licensing sales fell 41% yoy.

Deloitte's independent review report on short-seller allegations expected soon. Could be a share price catalyst. Maintain Hold.
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