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iFAST shares open near 52-week low following 1QFY2022 results

Jovi Ho
Jovi Ho4/25/2022 9:59 AM GMT+08  • 4 min read
iFAST shares open near 52-week low following 1QFY2022 results
Excluding losses from iFAST's UK bank acquisition, 1QFY2022 earnings make up just 16% of Citi Research's FY20222F estimates.
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Shares in iFAST opened near the 52-week lows last seen in March following the release of the group’s 1QFY2022 results last Saturday.

As at 9.58am, shares in iFAST are trading 35 cents lower, or 6.18% down, at $5.31.

Formerly one of the best-performing stocks on the Singapore Exchange, shares in iFAST had reached a 52-week high of $10.10 per share prior to the release of its 3QFY2021 results in October. By mid-March, iFAST shares had plummeted to a 52-week low of $5.23.

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