Local fintech company and digital bank hopeful iFAST Corp is fast becoming a “beneficiary of digitalisation”, says DBS Group Research in a July 24 report. For 2Q2020, iFAST Corporation’s earnings surged 84.7% y-o-y to a record high of $4.53 million, with assets under administration (AUA) growing 11.5% year-to-date. 

With results “above expectations”, DBS Group Research has revised its earnings forecasts for FY2020F and FY2021F up 41% and 44% respectively, with analyst Ling Lee Keng maintaining “buy” on the company with an increased trade price of $2.35, up from $1.27. 

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook