Home News Broker's Calls

DBS raises target price for iFAST to $6.40 from $3.96

The Edge Singapore
The Edge Singapore1/29/2021 9:53 AM GMT+08  • 2 min read
DBS raises target price for iFAST to $6.40 from $3.96
Ling expects iFAST's AUA to grow 30% this yea
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.

DBS Group Research’s Ling Kee Leng has upgraded her target price on iFAST Corp from $3.96 to $6.40, on expectations that the financial services firm can win over more assets under administration in efficient manner.

“We maintain our positive view on iFAST despite the recent stellar share price performance, which we believe, was mainly driven by the anticipation of the contract win for the Hong Kong pension fund project; the solid AUA growth for FY2020, and the digitalisation trend accelerated by COVID-19,” writes Ling in her Jan 28 note.

Led by Lim Chung Chun, the firm has built a highly scalable business model coupled with a growing and deepening range of products and services.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
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.