Silverlake worth a relook on project orders backlog and GST removal in Malaysia
16 May 2018, 01:42 pm
SINGAPORE (May 16): Silverlake Axis' business cycle has bottomed out and earnings could surge in the next few years, given it has accumulated a significant order backlog of projects, say analysts.
In a Tuesday report, CGS-CIMB Securities analyst Colin Tan said while Silverlake’s 3Q performance was lacklustre, it has accumulated order backlog of roughly RM380 million, due to a slew of recent order wins.
About 80% of the backlog is expected to be recognised over the next...(click on link for full story on theedgesingapore.com)
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