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.
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)