Transcription of Silverlake Axis
{{id}} {{{paragraph}}}
June 20, 2014 Initiation COMPANY RESEARCH | SEE PAGE 24 FOR IMPORTANT DISCLOSURES AND ANALYST CERTIFICATIONS Co. Reg No: 198700034E MICA (P) : 099/03/2012 Silverlake Axis (SILV SP) Monetizing the banks Initiate at BUY with a DCF-based TP of At our TP, the implied FY6/15E P/E is Entrenched position in growing market with solid expansion in recurring income stream. Strong capital management potential with a net cash position of MYR300m. Initiate at BUY with TP of Our DCF-based (WACC= , terminal g= ) TP of implies a 21% upside.
June 20, 2014 2 Silverlake Axis Our thesis in charts . Figure 1: Robust growth in IT spending for the Asia-Pacific banking market projected over the next five years
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
{{id}} {{{paragraph}}}