This is my first personal analysis for the year 2018. Silverlake Axis has always been on my watchlist. It is a complex company for me to analyse and with my limited knowledge, I decide to do my best in analyzing this company and hope to make the right decision on whether to dive into this stock.

Business Overview

Silverlake Axis is a Fintech company that was founded in 1989 with track records of core banking implementations. Silverlake Axis was listed on Singapore’s Stock Exchange (SGX) SESDAQ in 2003 and moved up to SGX Mainboard in 2011. The company call the core banking solution they have developed themselves “Silverlake Integrated Banking Solution” or SIBS in short. Although the strength of Silverlake Axis is in core banking, they have ventured into other business segments such as insurance, retail, payment and logistics. The main markets are in South East Asia, but Silverlake Axis …