Silverlake Axis

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
When back to the 2014 annual report. In page 130, under Foreign currency risk, it stated the impact to profit if currency changes. SGD, USD and Bath are the main currency so those must be the main non-myr that they contracts and bills.

Assuming 8% increase in SGD/MYR, 9% increase in USD/myr and 7.8% in Bath/MYR, the profit will be myr25.8M more, or 9% of 2014 profit. In SGD term, that will be 1% higher. So the currency impact so far is very slight positive.
Reply
Initiated a new position in this counter. Big Grin
My Dividend Investing Blog
Reply
(11-03-2015, 11:12 AM)Dividend Warrior Wrote: Initiated a new position in this counter. Big Grin
Nice to see fellow shareholder Big Grin
Curious, nibble or u feel this is fair value at 1.2+?

Sent from my D5503 using Tapatalk
Reply
(11-03-2015, 12:43 PM)thor666 Wrote:
(11-03-2015, 11:12 AM)Dividend Warrior Wrote: Initiated a new position in this counter. Big Grin
Nice to see fellow shareholder Big Grin
Curious, nibble or u feel this is fair value at 1.2+?

Sent from my D5503 using Tapatalk

Nibble Nibble.Blush
My Dividend Investing Blog
Reply
Theory of a software genius

Billionaire founder of Silverlake Axis picks math over fame anytime

GOH Peng Ooi (pic) might well be the least famous billionaire in Malaysia, and he will not have it any other way.

The seventh child of a butcher, Goh, 60, doesn’t yearn for honorifics or invitations to rub shoulders with the rich and famous in the country.

“Do you think people will want to talk to me? They find me torturous. People may respect you but won’t want to spend the whole night talking about this,” he tells StarBizWeek.

He is referring to his passion for mathematics, and his avidity for math and philosophy was apparent in the two-hour interview.

But that alone didn’t make Goh, the founder and major shareholder of Singapore-listed Silverlake Axis Ltd and, the ninth richest Malaysian according to Forbes, the man he is today. Software firm Silverlake Axis’ shares are at an all-time high, valuing Goh’s 66.3% stake in the company at S$2.1bil (RM5.67bil). Goh is group executive chairman of Silverlake Axis.

Growing up with 10 siblings in a kampung taught Goh about preserverance and hardship. After studying in a Chinese-medium school, Goh then went to an English-medium school in Kampung Kastam where he had to pick up English quickly.

“What did I do? In those days, the Chinese-English dictionaries cost RM2. So I did odd jobs and then I saved enough money to buy a dictionary,” he recalls.

After winning an English literature prize in his second year in school, Goh says he found mathematics easy and used to go to Chulia Street in Penang to pick up books on the subject.

“I still remember an Indian mathematics teacher who used to cane everyone except me. There was an occasion where I was reading a book while he was teaching, and he asked if I could give him some face,” he says.

An upbringing in a kampung in Penang made Goh learn about earning his keep.

Born with an intellect that shone through from a young age allowed Goh to not only sail through his pursuit of education but also made him realise that there was more to be done to fulfil his dream.

“Kampung mentality doesn’t chase after things. Life was simple but you start dreaming. You look up at the stars and ask what is happening there,” he says.

Obtaining a scholarship, Goh went to the University of Tokyo for his tertiary education. Not knowing any Japanese, he learnt the language, thanks to similarities with the Chinese characters, in a year and saw him complete his degree in engineering at the University of Tokyo in 1980.

“I did my first two years in one year. I did 53 of the 56 units in the first year and left the last three units for the following year. I didn’t know what to do, so I went to the discos,” he says.

“During that one-year period, I spent a lot of time reading everything. I used to read everything, but over time I realised that a lot of things are quite predictable.”

The next phase of his life, after working for Mitsubishi, found him at IBM Malaysia where he worked until 1989. He quickly rose through the ranks at IBM to a step below the country head. It was at IBM when he started working with banks, sowing the seeds for the next phase of his career.

“It’s true I went up very fast, most likely the fastest. Then I start getting bored. I was one-level below running the Malaysian operations but obviously it was about time to go. I was at this level for 2½ years. I was in charge of the banking sector and the manufacturing segment before that,” he says.

Quitting a job that was paying him a salary that was enough to buy a bungalow within a year didn’t make Goh all that nervous.

“I was actually lost about what I want to do. You see, kampung people don’t like power. We like to relax, no agenda,” he says.

Founding Silverlake Axis

Being a success is a result of a confluence of factors. Being good at something is essential as is luck. So is being in the right place and at the right time.

“It was the right place at the right time. I joined IBM and that was the right place. If I had stayed in my kampung, maybe today I will be cooking satay. But that will be quite good satay.”

The right time Goh was referring to was a period when banks in South-East Asia was ready to modernise. Needing a new computing platform to grow their business, Goh latched onto that opportunity and launched Silverlake Axis in 1989.

The going was tough in the early years but eventually, Silverlake Axis tasted success.

Today, it has about a 40% market share of the banking platforms of banks in South-East Asia. Of the top 10 banking groups in South-East Asia, six are customers of Silverlake Axis.

“After pointing out the problems of banking and resolving them, the banks bought it.”

Despite listing in Singapore and finding success in the republic, Goh says Malaysia is where he intends to list his company.

“In fact, for 10 years, nobody wanted to invest. The first 10 years of the company is when you always think of getting somebody in to fund the company so that you can work on what you like,” he says.

“But at that time, nobody knew what the heck I was talking about. Now, I doubt anyone really understands.”

Although Silverlake Axis is known for its banking platforms, Goh says its products are more than just for banking. The company has grown in recent years by making acquisitions of other companies to expand its offering to customers.

“It’s not just about providing services to the banking industry. In fact, most people still think that I work on banking,” he says.

Goh says while its products are more familiar to the banking industry in South-East Asia, they are not in other countries.

“In South-East Asia, we are recognised for our core banking, but in other parts of the world we are recognised as an advanced software developer that develops game theorectic software,” he says. “We are in airlines, retail, stockbroking, insurance, investment funds and in many industries.”

The next phase

On Tuesday, Goh met with management of Silverlake Axis where he spoke about the next phase for the software-based group.

To prepare for the three-hour presentation, Goh says he spent three months to pen his ideas and the end result was 50 pages of complex ideas.

“About three months ago, I decided to call all my work Game Theory. Game Theory is somewhere between economy, science, mathematics and even chemistry,” he says.

The Game Theory he developed is called the Goh (Mathematical Intelligence) Game Theory. In its essence, it uses mathematics to predict what businesses need and he believes his work will cut through many industries and services.

He say the Goh (MI) Game Theory is a step beyond the Nash Equilbrium, and a lot of the top mathematicians are working on that idea.

“There are so many places where that can be applied to but it will take some time for people to appreciate that theory,” he says.

“We are deep into it and that’s why we are famous in Japan and China and, Australia. We don’t want to go into core banking in those areas. The game theoretic business is coming and we are probably No. 1 in that in this world. I dare to say that.”

The boundaries of his thinking on Game Theory find their way into golf, one of his pleasures in life.

“Even mathematics is a game. You can consolidate all this into game theory.” His handicap is eight and he is trying to reach scratch.

Golf, he says, is a game just like the economy.

“Golf is a thinking game, it’s a game in which when you believe the ball is going left, it goes right. It’s a game that always proves that you’re wrong,” he says.

“Like I said, golf is a lot about knowing yourself. I have an eight because there are certain things that I don’t know about myself. But you know that eventually you’ll know more about yourself. You know that you can actually reach scratch. I’ve been playing close to 30 years. It’s also good exercise.”

http://www.thestar.com.my/Business/Busin...?style=biz
Reply
Looking to game it

SILVERLAKE Axis Ltd has made a name for itself as a leading financial solutions software company in South-East Asia. Today, more than 40% of the region’s top 20 banks uses its core banking solutions. However, founder and group executive chairman Goh Peng Ooi is now looking beyond just the bread-and-butter business that has taken it thus far.

That is why in the past five years, through a series of acquisitions, the company has moved beyond the banking industry to retail, logistics, payment, insurance and mobility/internet solutions. It is also diversifying geographically, as analysts believe the acquisition of New Zealand Stock Exchange-listed Finzsoft Solutions Ltd will provide the company the platform to expand in the wider Asia-Pacific region.

Though Goh will not admit it, competitors are out there. Silverlake Axis’s website lists Infosys Ltd, Tata Consultancy Services Ltd, Oracle Financial Services Software Ltd and Temenos Group AG as its competitors. Therefore, the company has been looking at where its next growth areas will be.

For now, UOBKayHian analysts say that the company’s revenue growth will be driven by the resilient recurring income from the maintenance and enhancement services segment, where revenue rose 20% in the second quarter ended Dec 31, 2014 compared to the same quarter a year ago. On the other hand, sales of software and hardware products plunged 78%, software project services fell 27% and software licensing posted 9% lower revenue.

Overall though, Silverlake Axis saw net profit grow 18% year-on-year for the first half of financial year ending June 30, 2015 compared to the same period a year ago.

The future, Goh believes, is in game theory and its use to predict changes. He is interested in how these changes can affect businesses. In fact, Goh has refined his theory into the Goh Mathematical Intelligence game theory or Goh (MI) for short.

He is convinced that the company’s future lies in software and not hardware. Goh says software margins are superior to those of hardware margins but the cost pressure from employees who sell hardware is higher. “We try very hard to focus on software,” he adds. The company’s gross profit margin is around 66%.

Game theory is predicated on mathematical principles. In fact, throughout the two-plus hours interview with StarBizWeek, game theory, mathematics and philosophy were constantly referenced.

[Image: silver%20axis.ashx]

Goh says a management meeting was held earlier this week in which the past 25 years of Silverlake Axis’s work was recapped. “It took me three hours for that simple talk and I was trying to make it simple. It was about what made us successful, why we did things and what we are going to do. If you look at it, it is all about predictions. Business is about the prediction of demand,” he points out.

“The game theoretic business is coming. I am very good at Goh (MI) game theory and I am not going to be humble about it,” Goh says, adding that the use of mathematics as the foundation of Silverlake Axis’s business has allowed the company to stay ahead of the competition.

Where does he see the company moving to from here? “People ask me where I am going from banking. I think that question is fundamentally wrong. Everything is game theory but the game has different types of characeristics. The first one is the one-to-the-power-of-n game,” he says.

This is when supply is more than demand. “The way to lift the game is through franchising. I am surprised that people think I am in the banking business and I write banking software. We write game theoretic software, if we specialise in game theory, why should we fight in the one-to-the-power-of-n game? We will do a game of game, which is like franchising,” Goh says.

In fact, the company hopes to use game theory to predict so-called exceptions, which are instances that deviate from the norm that people still cannot accurately predict, the “unknown unknowns”. Goh hopes that the solution will not only be useful to banks but other industries too.

“When you look at game theory in business, it will be first applied to where the money is, which is banking. That’s why people thought we’re a core banking vendor but people don’t know we’re actually a research group researching on Goh (MI) game theory, there are so many places where the theory can be applied to but it will take some time for people to appreciate it,” he says.

Goh, who holds a 66.29% stake in the company via Intelligentsia Holding Ltd, says the move into non-banking businesses will also eventually see the listing of parts of Silverlake Axis. “It’s all about the right place and time. There’ll be more listings to come,” he says. But investors find it hard to comprehend technology-based companies and even in the region, where Singapore-listed Silverlake Axis has a S$3.19bil market capitalisation, and where the bulk of its business derives from, many do not understand the company.

Indeed, UOBKayHian’s analysts say the company’s Chinese subsidiary, Beijing-based Global InfoTech Co Ltd, has submitted its initial public offering application and is on track to be listed in the second-half of this year.

Although Goh prefers to list in Singapore, the lack of investor understanding of Silverlake Axis’s business is an obstacle to a successful listing in South-East Asia. Plus, there is a need for share subscribers, which will be fewer if investors do not understand the business.

“In South-East Asia, we’re recognised for our core banking, but in other parts of the world we are recognised as an advanced software developer that develops game theorectic software. We’re in airlines, retail, stockbroking, insurance, investment funds and in many industries. But we don’t do it the one-to-the-power-of-n way. That’s the reason why people don’t recognise us because they’re only familiar with what they can see,” he says.

http://www.thestar.com.my/Business/Busin...?style=biz
Reply
Very interesting. Thanks for sharing ahyeh

This make the upside of silverlake big, but very hard to predict. May be this is why the share move up, despite a slow down in growth and high valuation.


(05-04-2015, 11:04 PM)ahyeh Wrote: Theory of a software genius

Billionaire founder of Silverlake Axis picks math over fame anytime

GOH Peng Ooi (pic) might well be the least famous billionaire in Malaysia, and he will not have it any other way.

The seventh child of a butcher, Goh, 60, doesn’t yearn for honorifics or invitations to rub shoulders with the rich and famous in the country.

“Do you think people will want to talk to me? They find me torturous. People may respect you but won’t want to spend the whole night talking about this,” he tells StarBizWeek.

He is referring to his passion for mathematics, and his avidity for math and philosophy was apparent in the two-hour interview.

But that alone didn’t make Goh, the founder and major shareholder of Singapore-listed Silverlake Axis Ltd and, the ninth richest Malaysian according to Forbes, the man he is today. Software firm Silverlake Axis’ shares are at an all-time high, valuing Goh’s 66.3% stake in the company at S$2.1bil (RM5.67bil). Goh is group executive chairman of Silverlake Axis.

Growing up with 10 siblings in a kampung taught Goh about preserverance and hardship. After studying in a Chinese-medium school, Goh then went to an English-medium school in Kampung Kastam where he had to pick up English quickly.

“What did I do? In those days, the Chinese-English dictionaries cost RM2. So I did odd jobs and then I saved enough money to buy a dictionary,” he recalls.

After winning an English literature prize in his second year in school, Goh says he found mathematics easy and used to go to Chulia Street in Penang to pick up books on the subject.

“I still remember an Indian mathematics teacher who used to cane everyone except me. There was an occasion where I was reading a book while he was teaching, and he asked if I could give him some face,” he says.

An upbringing in a kampung in Penang made Goh learn about earning his keep.

Born with an intellect that shone through from a young age allowed Goh to not only sail through his pursuit of education but also made him realise that there was more to be done to fulfil his dream.

“Kampung mentality doesn’t chase after things. Life was simple but you start dreaming. You look up at the stars and ask what is happening there,” he says.

Obtaining a scholarship, Goh went to the University of Tokyo for his tertiary education. Not knowing any Japanese, he learnt the language, thanks to similarities with the Chinese characters, in a year and saw him complete his degree in engineering at the University of Tokyo in 1980.

“I did my first two years in one year. I did 53 of the 56 units in the first year and left the last three units for the following year. I didn’t know what to do, so I went to the discos,” he says.

“During that one-year period, I spent a lot of time reading everything. I used to read everything, but over time I realised that a lot of things are quite predictable.”

The next phase of his life, after working for Mitsubishi, found him at IBM Malaysia where he worked until 1989. He quickly rose through the ranks at IBM to a step below the country head. It was at IBM when he started working with banks, sowing the seeds for the next phase of his career.

“It’s true I went up very fast, most likely the fastest. Then I start getting bored. I was one-level below running the Malaysian operations but obviously it was about time to go. I was at this level for 2½ years. I was in charge of the banking sector and the manufacturing segment before that,” he says.

Quitting a job that was paying him a salary that was enough to buy a bungalow within a year didn’t make Goh all that nervous.

“I was actually lost about what I want to do. You see, kampung people don’t like power. We like to relax, no agenda,” he says.

Founding Silverlake Axis

Being a success is a result of a confluence of factors. Being good at something is essential as is luck. So is being in the right place and at the right time.

“It was the right place at the right time. I joined IBM and that was the right place. If I had stayed in my kampung, maybe today I will be cooking satay. But that will be quite good satay.”

The right time Goh was referring to was a period when banks in South-East Asia was ready to modernise. Needing a new computing platform to grow their business, Goh latched onto that opportunity and launched Silverlake Axis in 1989.

The going was tough in the early years but eventually, Silverlake Axis tasted success.

Today, it has about a 40% market share of the banking platforms of banks in South-East Asia. Of the top 10 banking groups in South-East Asia, six are customers of Silverlake Axis.

“After pointing out the problems of banking and resolving them, the banks bought it.”

Despite listing in Singapore and finding success in the republic, Goh says Malaysia is where he intends to list his company.

“In fact, for 10 years, nobody wanted to invest. The first 10 years of the company is when you always think of getting somebody in to fund the company so that you can work on what you like,” he says.

“But at that time, nobody knew what the heck I was talking about. Now, I doubt anyone really understands.”

Although Silverlake Axis is known for its banking platforms, Goh says its products are more than just for banking. The company has grown in recent years by making acquisitions of other companies to expand its offering to customers.

“It’s not just about providing services to the banking industry. In fact, most people still think that I work on banking,” he says.

Goh says while its products are more familiar to the banking industry in South-East Asia, they are not in other countries.

“In South-East Asia, we are recognised for our core banking, but in other parts of the world we are recognised as an advanced software developer that develops game theorectic software,” he says. “We are in airlines, retail, stockbroking, insurance, investment funds and in many industries.”

The next phase

On Tuesday, Goh met with management of Silverlake Axis where he spoke about the next phase for the software-based group.

To prepare for the three-hour presentation, Goh says he spent three months to pen his ideas and the end result was 50 pages of complex ideas.

“About three months ago, I decided to call all my work Game Theory. Game Theory is somewhere between economy, science, mathematics and even chemistry,” he says.

The Game Theory he developed is called the Goh (Mathematical Intelligence) Game Theory. In its essence, it uses mathematics to predict what businesses need and he believes his work will cut through many industries and services.

He say the Goh (MI) Game Theory is a step beyond the Nash Equilbrium, and a lot of the top mathematicians are working on that idea.

“There are so many places where that can be applied to but it will take some time for people to appreciate that theory,” he says.

“We are deep into it and that’s why we are famous in Japan and China and, Australia. We don’t want to go into core banking in those areas. The game theoretic business is coming and we are probably No. 1 in that in this world. I dare to say that.”

The boundaries of his thinking on Game Theory find their way into golf, one of his pleasures in life.

“Even mathematics is a game. You can consolidate all this into game theory.” His handicap is eight and he is trying to reach scratch.

Golf, he says, is a game just like the economy.

“Golf is a thinking game, it’s a game in which when you believe the ball is going left, it goes right. It’s a game that always proves that you’re wrong,” he says.

“Like I said, golf is a lot about knowing yourself. I have an eight because there are certain things that I don’t know about myself. But you know that eventually you’ll know more about yourself. You know that you can actually reach scratch. I’ve been playing close to 30 years. It’s also good exercise.”

http://www.thestar.com.my/Business/Busin...?style=biz
Reply
OFFICIAL APPROVAL FOR THE PROPOSED LISTING OF SAL’S ASSOCIATE IN CHINA

Unless otherwise defined, capitalised terms herein shall bear the same meanings ascribed to them in the Company’s announcement dated 15 March 2011, 6 June 2011, 10 April 2012, 8 June 2012 and 13 April 2015.

The board of directors (the “Board”) of Silverlake Axis Ltd. (the “Company” or “SAL”) refers to the announcements dated 15 March 2011, 6 June 2011, 10 April 2012, 8 June 2012 and 13 April 2015 in relation to the Proposed Listing of Global InfoTech Co. Ltd. (“GIT”), an associated company of SAL in China. The Board wishes to announce that GIT has obtained the official approval document from the China Securities Regulatory Commission (“CSRC”) for the Proposed Listing in China on 8 May 2015 for issuance of up to 33.34m shares for initial public offering (“IPO”). Shareholders and other investors are reminded to exercise caution when dealing in SAL shares. In the event that any shareholders and other investors are in doubt about the Proposed Listing, they should consult their stockbrokers, bank managers, solicitors, accountants and other professional advisers.

By Order of the Board
Kwong Yong Sin Group
Managing Director
11 May 2015

Sent from my D5503 using Tapatalk
Reply
This is VERY BAD. SAL has just issued a denial of aggressive actg. They have been lump in together as satyam and even Eratat. I am not an actg expert but here is the link to the article.
http://asianextractor.com/2015/04/27/for...d-in-asia/

foreword-introduction-the-daredevils-case-guide-to-detect-accounting-fraud-in-asia


There will be fireworks tomorrow.
Reply
(20-05-2015, 11:23 PM)Jacmar Wrote: This is VERY BAD. SAL has just issued a denial of aggressive actg. They have been lump in together as satyam and even Eratat. I am not an actg expert but here is the link to the article.
http://asianextractor.com/2015/04/27/for...d-in-asia/

foreword-introduction-the-daredevils-case-guide-to-detect-accounting-fraud-in-asia


There will be fireworks tomorrow.

No worries. Looks like the article has been removed, likely because SAL threatens legal action. Big Grin

http://infopub.sgx.com/FileOpen/SAL_Clar...eID=352686
Reply


Forum Jump:


Users browsing this thread: 5 Guest(s)