Stocks to watch: Silverlake Axis, iFast, Straits Trading, Sats

THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 15):

Silverlake Axis : The enterprise technology, software and services company announced on Tuesday a 5 per cent rise in profit after tax to RM99.7 million (S$30.4 million) for the six months ended Dec 31, 2022. Its earnings per share (EPS) rose 12 per cent to RM0.0396 for the period, while revenue increased by 9 per cent to RM392.3 million from the previous year, driven mainly by higher contributions from project-related revenue segments. Shares of Silverlake Axis closed flat at S$0.37 on Tuesday before the news. 

iFast : The fintech platform announced on Tuesday an 82 per cent decrease in net profit to S$1.3 million for its fourth quarter ended Dec 31, 2022, from S$7.2 million the previous year, mainly due to strategic investments, preparations for its Hong Kong ePension division, and impairment losses related to the exit from its onshore Indian platform business. Its EPS was down at 0.44 Singapore cent for the period, from 2.6 cents. Shares of iFast ended at S$5.43 on Tuesday, up 0.6 per cent or S$0.03, before the news.