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iFAST kicks off 1Q17 with a blast as AUA hits record high

PC Lee
PC Lee4/28/2017 01:22 PM GMT+08  • 2 min read
iFAST kicks off 1Q17 with a blast as AUA hits record high
SINGAPORE (April 28): RHB is upgrading iFAST to “buy” after starting 1Q17 with a blast as assets under administration (AUA) reached a record high. And although the share price has declined rapidly, RHB expects the stock to bottom out as 1Q results poi
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SINGAPORE (April 28): RHB is upgrading iFAST to “buy” after starting 1Q17 with a blast as assets under administration (AUA) reached a record high. And although the share price has declined rapidly, RHB expects the stock to bottom out as 1Q results point to a better FY17F.

iFAST this morning reported NPAT for 1Q17 rose 61% although this would have more than doubled to $2.95 million, if not for its China operations, which are in their startup phase.

(See also: iFAST says 1Q earnings nearly double to $2 mil on record assets under administration)

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