iFAST Corporation

iFAST 3Q21 earnings rebounds from previous quarterly dip, outlines Five-Year Plan - THE EDGE SINGAPORE

Results

iFAST 3Q21 earnings growth rebounds from previous quarterly dip, outlines Five-Year Plan

iFAST's earnings of $7.60 million for 3QFY2021 marked a growth of 23.3% y-o-y and 8.26% q-o-q.
iFAST wealth advisory arm crosses AUA of $1 bil - THE EDGE SINGAPORE

Company in the news

iFAST wealth advisory arm crosses AUA of $1 bil

The figure represents an increase of around 62% y-o-y.
iFast vaults from Centurion to Billion Dollar Club and dominates sector - THE EDGE SINGAPORE

Billion Dollar Club 2021

iFast vaults from Centurion to Billion Dollar Club and dominates sector

iFast rocketed from barely above $1 at the start of 2020 to flirting with the $10 mark barely 18 months later.
iFast emerges as best performing stock, eyes 'truly global' FinTech business  - THE EDGE SINGAPORE

Billion Dollar Club 2021

iFast emerges as best performing stock, eyes 'truly global' FinTech business

From a 52-week low of $2.03 in September 2020, iFast reached a high of $9.65 just before its 2QFY2021 results in late July.

Broker's Calls

Broker's Digest: Tech manufacturers, Wilmar, Japfa, FEHT, iFAST Corp, SIA

See the analysts' recommendations and target prices here.
CGS-CIMB upgrades iFAST to 'add' after group finalises prime subcontractor contract for HK's eMPF project - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB upgrades iFAST to 'add' after group finalises prime subcontractor contract for HK's eMPF project

With the upgrade, CGS-CIMB has also upped its target price estimate on iFAST to $12.50.
iFAST Malaysia launches stockbroking services in the US and Hong Kong - THE EDGE SINGAPORE

Fintech

iFAST Malaysia launches stockbroking services in the US and Hong Kong

There is a minimum of US$8.80 ($11.91 or RM37) or HK$50 ($8.71 or RM27) per trade respectively.
iFAST's first quarterly profit dip since 1Q2019 divides analysts - THE EDGE SINGAPORE

Investing ideas

iFAST's first quarterly profit dip since 1Q2019 divides analysts

Signs of slowing earnings growth have analysts dialling back their previously bullish calls on this stock.
CGS-CIMB downgrades iFAST Corp on first quarterly profit dip since 1Q19 - THE EDGE SINGAPORE

Broker's Calls

CGS-CIMB downgrades iFAST Corp on first quarterly profit dip since 1Q19

Nevertheless, CGS-CIMB Research is raising iFAST’s target price to $8.31 from $8.00 previously.
UOB Kay Hian, DBS Group Research up target prices as iFAST Corp posts record AUA again - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian, DBS Group Research up target prices as iFAST Corp posts record AUA again

UOB Kay Hian Research analyst Clement Ho is maintaining “buy” on iFAST with a raised target price of $11.50 from $7.96 previously.
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