iFAST Corp is well-poised to capture more market share in Singapore, even as its assets under administration (AUA) in Singapore grew 52.8% y-o-y and 18.0% q-o-q to a record high of $10 billion, says DBS Group Research analyst Ling Lee Keng. 

“With its highly scalable business model coupled with a growing and deepening range of products and services, iFAST is well-poised to capture more market share in Singapore, where its share is just 10% of the approximately $128 billion AUM of the collective investment schemes in Singapore, as well as in China, where there are ample opportunities,” writes Ling in a Feb 8 report.

Ling is recommending “buy” on the financial services company, with a raised target price of $7.64 from $6.40.

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