Following iFast Corporation’s 1HFY2022 results ended June, CGS-CIMB Research analyst Andrea Choong has slashed her target price on iFast to $4 from $7.60 previously. Choong also downgraded iFast to "hold" from "add" in a July 26 note.
Meanwhile, DBS Group Research has cut their target price by nearly 25% to $4.08 from $5.42 previously.
2022 will be a year of higher costs and slower growth in revenue for iFast, writes DBS analyst Ling Lee Keng. Ling maintains her “hold” call on iFast in a July 26 note.