Friday, May 27, 2011


Silverlake: technically, looks like a potential bullish breakout play after being range bound for the past year. Stock has pierced through the $0.37 resistance level on strong volume. A successful close above $0.40 would provide confirmation for the start of a new upward trend...

Stock may be seeing renewed interest after,
i) the recent strong 3Q11 results (net profit up >3x yoy),
ii) upgrade to Mainboard listing status, and
iii) new contract order from Thanachart Bank for merger integration implementation & support services as well as license upgrade under SIBS for Thanachart’s M&A with Siam City Bank’s banking operations. However deal size was disclosed.

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