Silverlake

Silverlake: OSK-DMG reiterates Buy with TP $0.82. Says the recent correction below the recent placement price of $0.75 presents a good buying opportunity. Expects the upcoming 4QFY13 results to be stellar. Tips the group to generate ~RM55-60m net profit (+26% yoy) on the back of strong project revenue recognition, healthy recurring income from licensing and maintenance, and additional profit contribution from newly acquired businesses. Sees a further dividend hike to 1.2¢ (+0.04¢), translating to an attractive FY13e yield of ~4.5%.