Silverlake Axis   

Axis

Kim Eng targets $0.95 this morning CHEONG AH!!!!!!!!!!!!

 

 

Maintain BUY recommendation We remain bullish on Silverlake Axis. We believe the pipeline of potential contracts and requests for proposals, as well as its momentum, remain strong. In the longer term, demand for its software products will be driven by increasingly sophisticated regulatory and compliance requirements as well as competitive market conditions.

 

So Kim Eng is correct. Major contract this year! CHEONG AH!!!!!!!!!! on Monday!!!!!!!!!

Two South East Asian Contracts Totalling RM24 Million

The Board of Directors of Silverlake Axis Ltd (?SAL? or the ?Company?) is pleased to

announce that the Company has secured two contracts with a combined value of

approximately RM24 million to supply a comprehensive suite of integrated core financial

solutions. The two contracts are expected to have a positive impact on the earnings per

share of the Company for the financial year ending 30 June 2007.

The first contract is with a large South East Asian financial services organization. The

second contract is with a South East Asian bank embarking on implementing an

integrated suite of Core Banking modules for their operations in China.

Raymond Kwong, Group Managing Director of SAL commented, ?These contracts are

indicative of the robust demand from customers for the Company?s proven core system

solution capabilities in the region. The Company is well positioned to meet rising market

demand with its integrated suite of core banking solutions designed to meet increasingly

sophisticated compliance requirements and competitive market conditions. Our pipeline

of potential contracts and proposals remains strong. ?

The contracts are secured through the authorised resellers of SAL. Mr. Goh Peng Ooi is

a director and shareholder of the authorised resellers. Saved as disclosed, none of the

directors or substantial shareholders of the Company has any interest, directly or

indirectly, in the above contracts.

DBS Bank Ltd ("DBS Bank") is the financial adviser to the Company in the Company's

acquisition of Silverlake Adaptive and Applications & Continuous Improvement Services

Ltd from Intelligentsia Holding Limited. This announcement has been prepared and

released by the Company. DBS Bank assumes no responsibility for the contents of this

announcement.

 

KImEng targets $0.95!!!!!!!!!!! CHEONG AH!!!!!!!!!!

Q307 results should track well above previous year

We estimate upcoming Q307 results, likely to be announced in the first week of

May, to be about 20% better sequentially (there is no YoY comparison). Silverlake

reported net profit of RM45m in the first six months of FY07, with almost RM25m in

Q207. We maintain our full-year net profit forecast of RM100.4m (RM0.089 a share).

Reiterate BUY.

 

drop ... how about the long term target price, any idea 

 

Silverlake up on talks of further contract wins.

 

no movement for Silver axis....any idea why?

 

This company has already been renamed Silverlake Axis. SJ, pls change it.



It secured 2 core banking contracts in Thailand. They are expected to have a positive impact for the financial year ending 30 Jun 07.

 

It looks now poised to head up, see the huge block clearing $0.54, big boys are in aciton ........

This company specializes in banking software targeting at small-&-medium sized banks. They have recently made an inroads into Pakistan installing their system to a few ISLAMIC banks. So there is a speculation of Islamic funds buying. At the same time, there is also a chance for being a takeover target as suggested by the following :

QUOTE

VOLUNTARY CONDITIONAL CASH OFFER by
MORGAN STANLEY DEAN WITTER ASIA (SINGAPORE) PTE (Incorporated in Singapore)



(Registration No. 199206298Z)
for and on behalf of
SUNGARD ASIA PACIFIC INC. (Incorporated in the State of Delaware, USA)
a wholly owned subsidiary of SUNGARD DATA SYSTEMS INC.
to acquire all the issued ordinary shares in the capital of
SYSTEM ACCESS LIMITED (Incorporated in Singapore)
(Registration No. 198304837E)
1. Introduction
Morgan Stanley Dean Witter Asia (Singapore) Pte (Morgan Stanley) refers to the offer document dated 14 August 2006 (Offer Document) in connection with the voluntary conditional cash offer (Offer) made by Morgan Stanley for and on behalf of SunGard Asia Pacific Inc. (Offeror) for all the issued ordinary shares (Shares) in the capital of System Access Limited (Offeree) which was despatched to shareholders and optionholders. All capitalised terms used and not defined herein shall have the meanings ascribed to them in the Offer Document.
2. Offer Declared Unconditional in All Respects
Morgan Stanley wishes to announce for and on behalf of the Offeror that the Offer has become unconditional in all respects on 2 October 2006.
3. Level of Acceptances
As at 5.00 p.m. on 2 October 2006, the Offeror has received, pursuant to the Offer, valid acceptances in respect of 318,327,449 Shares, representing approximately 99.54% of the issued share capital of the Company as at 14 August 2006.
This includes acceptances by:
(i) Loh Boon Fah pursuant to his irrevocable undertaking in respect of 103,552,168 Shares; and
(ii) Infocomm Investments Pte Ltd pursuant to its irrevocable undertaking in respect of 16,972,880 Shares.
UNQUOTE

 

Extracted this announcement from the company's posting at SGX. Can anyone who is in the know advise on its significance, please.

Silverlake Axis in Partnership with IBM Innovation Center

Silverlake Axis Ltd (?Silverlake Axis?) is pleased to extend its application innovation

partnership with IBM by being the first Business Partner to utilise the newly opened

IBM Innovation Center in Kuala Lumpur. This partnering initiative recognises the

value of Silverlake Axis? ongoing banking technology collaboration with IBM and the

Group?s successful and proven track record in Banking Solutions Innovation in the

region.

By leveraging on IBM?s technical and consulting expertise and world-class facilities at

the Center, Silverlake Axis is committed to delivering innovative and cost-effective

solutions for customer transformations, and extending the Group?s leadership in high

performance banking solutions.

 

Silver Axis (Formely known as Axis System Access) specializing in banking software is poised to gain further strength after the breakout above $0.52. Two Fibonacci retracement marks are now overlapping each other and this suggests that $0.54 will be clinched soon. Stochastic shows a very nice crossing and the stock is now in a ballastic upward explosion. Upside targets could be set at $0.55, $0.59 and $0.63 depending on the time horizon

 

 

Soaring on rumours that it will be announcing further new deals.

 

   Axis System broke its 2-year high this morning with high volume. MACD and Stochastics are all looking good. Its first Middle East contract is doing wonder. Should "chiong" for a while. Can go in and get some kopi money. Trade with care though. 

 

It said it has secured a contract to supply a comprehensive suite of integrated banking solutions to Commercial Bank International PSC (CBI) of  UAE, the group's first deal in the Middle East.



Under the master reseller agreement and master license reseller agreement entered into with Silverlake Corp, Axis units - Axis Systems Sdn Bhd and Silverlake Adaptive and Applications & Continuous Improvement Services Ltd - will provide (CBI) with a full suite of delivery channels and core banking software applications.



"This contract would serve as a springboard and showcase to future opportunities with other financial services institutions in UAE and the Middle-East," Axis said in a statement.



I think the price rose more because it was in talks to discuss the contract, rather than interest in its results.

 

Rose on expectations that it would report a good set of full year results. Pretty common for a stock to run up ahead of results. But if results are in-line or disappoint, expect a sell-off.

 

From TA point of view... its a penny stock with low volume. It only came alive recently. Not a good TA pick.

 

Hi

anyone any view on this counter?