With markets going on a downward trend, I tend to look for strong growth companies with healthy cash flows and net cash positions with will help them tide through these tough times without incurring debt.

After some searching, I managed to find a company that has a strong cash flow with a net cash position. It even pays you a nice 7% yield while you wait for the share price to appreciate.

Silverlake Axis Ltd (SAL) provides technology and related services to the Banking, Insurance, Payments, Retail and Logistics industries. Founded in 1989, SAL has built an impeccable track record of successful core banking implementations.

Their core business involves providing the backend software to banks in South East Asia (primarily Malaysia), and providing ongoing maintenance services to the same banks. In fact, over 40% of the top 20 largest banks in South-East Asia run on Silverlake Axis’ core banking solutions,