Published:
Silverlake Axis profits likely grew 26% in 4Q13
Propelled by 3 growth catalysts.
OSK-DMG expects Silverlake Axis to post strong results and higher dividends for 4Q13, helping it finish the year on a high noted.
The research firm expects it to have generated about MYR55-60m in PATAMI (+26% y-o-y) on the back of three key drivers: strong project revenue recognition, healthy recurring income flow from licensing and maintenance, and additional profit contributions from newly-acquired businesses.
"We also expect its final dividend to be raised to 1.2 cents (+0.04 cents), translating to an attractive FY13F yield of around 4.5%," said OSK-DMG.
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