STI could find support soon, property stocks weak, penny stocks weaker - THE EDGE SINGAPORE

Right Timing

STI could find support soon, property stocks weak, penny stocks weaker

The STI could find support at 3,040, and stage a temporary rebound. IFAST has gained strength relative to the index.

Broker's Calls

iFAST moving fast and furious in Hong Kong, Malaysia: CGS-CIMB

“iFAST’s share price has risen approximately 24% since the announcement of being shortlisted as 1 of 2 reported consortium finalists to digitise and centralise Hong Kong’s (HK) pension system (e-MPF) in Aug 20,” note CGS-CIMB analysts on Aug 28.

Company in the news

Digital bank hopeful iFast posts record 2Q2020 on trading fees jump

Singapore-listed financial services firm iFast Corp has reported record quarterly earnings for 2Q2020, as it collected higher recurring fees from a bigger pool of assets under administration.

Broker's Calls

iFAST Corp posts record earnings of $4.53 mil, results 'above expectations': DBS

Local fintech company and digital bank hopeful iFAST Corp is fast becoming a “beneficiary of digitalisation”, says DBS Group Research in a July 24 report. For 2Q2020, iFAST Corporation’s earnings surged 84.7% y-o-y to a record high of $4.53 million.


iFAST's 1Q earnings double to $2.8 mil on higher revenue & record assets under administration

SINGAPORE (Apr 28): iFAST has reported a doubling of 1Q18 earnings to $2.8 million from $1.8 million a year ago on higher revenue.

iFAST launches SGX B2B stockbroking services and Wrap account for wealth advisers

SINGAPORE (July 14): SGX B2B stockbroking services are now available on iFAST Singapore, the subsidiary of iFAST Corporation which holds a Capital Markets Services licence and the Financial Advisers license issued by the Monetary Authority of Singapore (M

Broker's Calls

iFAST kicks off 1Q17 with a blast as AUA hits record high

SINGAPORE (April 28): RHB is upgrading iFAST to “buy” after starting 1Q17 with a blast as assets under administration (AUA) reached a record high. And although the share price has declined rapidly, RHB expects the stock to bottom out as 1Q results poi