Home Capital Broker's Calls

Not so fast on iFast despite positive outlook, says RHB

Stanislaus Jude Chan
Stanislaus Jude Chan10/30/2017 12:15 PM GMT+08  • 2 min read
Not so fast on iFast despite positive outlook, says RHB
SINGAPORE (Oct 30): RHB Research says the outlook on investment products distribution platform iFast Corporation looks positive amid its earnings recovery and a bullish sentiment in the equity markets.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Oct 30): RHB Research says the outlook on investment products distribution platform iFast Corporation looks positive amid its earnings recovery and a bullish sentiment in the equity markets.

iFast on Friday reported a 21.5% increase in earnings to $2.3 million for 3Q17 ended September, on the back of a 24.9% rise in revenue to $26.2 million.

As at end September, the group’s assets under administration (AUA) grew 19.3% y-o-y to reach a new record of $7.16 billion.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.