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Brokers' take
Published Thu, Jan 3, 2019 · 09:50 PM
Silverlake Axis | Buy (re-initiated) Target price: S$0.60 Jan 3 close: S$0.415 DBS Equity Research, Jan 3
DBS has re-initiated coverage on mainboard-listed Silverlake Axis with a "buy" call and a target price of S$0.60 on a growing project orderbook, suggesting that a turnaround for the company is in sight.
Its orderbook has improved significantly from the less than the RM50 million (S$16.5 million) secured in fiscal 2017 to about RM380 million currently, with potential for more orders.
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