Despite six consecutive quarters of record assets under administration (AUA) at iFAST Corporation, analysts remain split on the financial services company. 

iFAST’s AUA reached $18.38 billion as at Sept 30, up 46.1% y-o-y and 4.8% q-o-q. 

Results released on Oct 23 show that 3QFY2021 ended Sept 30 net revenue rose 32.6% y-o-y to $30.3 million, while EBIT and PATMI grew at a slower pace of 22.4% and 23.4% to $9.1 million and $7.5 million respectively, owing to lesser government grants and a net investment loss from debt instruments.

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