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.
