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DBS downgrades iFAST to 'hold' with lack of near-term catalysts; Citi keeps 'sell' call with lower TP of $4.20

Felicia Tan
Felicia Tan4/26/2022 1:37 PM GMT+08  • 5 min read
DBS downgrades iFAST to 'hold' with lack of near-term catalysts; Citi keeps 'sell' call with lower TP of $4.20
DBS Group Research has lowered its target price to $5.42. Photo: Albert Chua/The Edge Singapore
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As shares in iFAST continue their decline, DBS Group Research analyst Ling Lee Keng has downgraded her recommendation to “hold” with a lower target price of $5.42 from $8.75 previously.

Ling’s report on April 26 is a reversal from her optimistic view just a day before.

“Post the 1QFY2022 results briefing, the group reiterated its four-year plan but near-term catalysts are lacking,” she writes.

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