iFAST Corporation

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.
iFAST Corp posts fifth consecutive quarter of record AUA, 1H21 net profit up 94% - THE EDGE SINGAPORE

Results

iFAST Corp posts fifth consecutive quarter of record AUA, 1H21 net profit up 94%

The Group’s AUA grew 57.3% y-o-y to reach a record high of $17.54 billion as at June 30.
SGX RegCo queries iFast on 'unusual' share price movements - THE EDGE SINGAPORE

SGX query

SGX RegCo queries iFast on 'unusual' share price movements

iFast shares were the top advancers in terms of dollar value on the SGX.
iFAST “'well-positioned' in bid for Malaysian digital banking licence: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

iFAST 'well-positioned' in bid for Malaysian digital banking licence: CGS-CIMB

Competition will be stiff, notes CGS-CIMB Research, with a reported 40 applicants vying for up to five licences.

Company in the news

iFAST-led consortium submits bid for Malaysian digital bank licence

iFAST Corp leads a consortium comprising three Malaysian partners and China's Yillion Fintech.
'Buy' Singapore's best-performing stock with strong growth momentum ahead: DBS - THE EDGE SINGAPORE

Broker's Calls

'Buy' Singapore's best-performing stock with strong growth momentum ahead: DBS

“We expect assets under administration (AUA) to grow by 30% in FY2021F and 20% each in FY2022F and FY2023F."
UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian favours counters with strong earnings growth and those with majority of earnings outside Singapore

Singapore Airlines (SIA) remains the brokerage’s key “sell” call as they see travel resuming only after 3QFY2021.

Investing ideas

iFAST's Lim shrugs off the competition as he gears up for adjacent growth

iFAST will not be swayed by the marketing ploys of companies like Tiger Brokers, which has offered free Tesla and Apple shares.
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