Home Capital Broker's Calls

Citi reiterates 'sell' on iFast as share price plummets to eight-month low

Jovi Ho
Jovi Ho1/27/2022 11:14 AM GMT+08  • 4 min read
Citi reiterates 'sell' on iFast as share price plummets to eight-month low
“We caution investors against accumulating the stock,” say Citi Research analysts, trimming TP from $7.50 to $6.20 per share.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Citi Research analysts Tan Yong Hong and Robert Kong continue their “sell” call on FinTech company iFast despite the company’s share price falling below $7 for the first time since May 2021.

Shares in iFast have plummeted from $7.36 a week ago to $6.39 as at 11.02am on Jan 27.

In a Jan 27 note, Tan and Kong reiterate their “sell” recommendation, which demurs from consensus calls. They have further trimmed their target price to $6.20 per share, down from $7.50 in a Jan 8 note.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now