SINGAPORE (Apr 30): DBS Vickers Securities is maintaining “buy” on iFAST Corp with a target price of $1.26, after the wealth management fintech player last week reported improved revenue and overall profitability in its latest set of 1Q18 results.
See: iFAST's 1Q earnings double to $2.8 mil on higher revenue & record assets under administration
In a report on Monday, lead analyst Ling Lee Keng notes how iFAST has made significant progress over the last 2-3 years, in her view, by broadening its range of investment products and services while building the foundations to kick-start its business in China.
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