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.

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