iFAST Corporation

'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.
iFast enters into a business transfer agreement with DWS Investments Singapore - THE EDGE SINGAPORE

Fintech

iFast enters into a business transfer agreement with DWS Investments Singapore

The transaction has been approved by the Monetary Authority of Singapore (MAS), and is expected to be completed by July 30.
Record earnings put iFAST in strong position for further growth: analysts - THE EDGE SINGAPORE

Broker's Calls

Record earnings put iFAST in strong position for further growth: analysts

The company guides for a y-o-y rise in FY2021F DPS, and CGS-CIMB expects 6.5 cents in FY2021F.
iFAST starts 2021 with record earnings of $8.8 mil and AUA of $16.11 bil - THE EDGE SINGAPORE

Results

iFAST starts 2021 with record earnings of $8.8 mil and AUA of $16.11 bil

An interim dividend of 1 cent per share has been declared for the 1QFY2021, compared to the 0.75 cent in 1QFY2020.
iFAST Malaysia launches stockbroking service on FSMOne.com - THE EDGE SINGAPORE

Company in the news

iFAST Malaysia launches stockbroking service on FSMOne.com

Investors who trade in Bursa-listed stocks and ETFs from March to April 29 get to enjoy trades with 0% commission fees.
iFAST and Hanwell insiders buy more shares - THE EDGE SINGAPORE

iFAST and Hanwell insiders buy more shares

Executive chairman Lim Chung Chun of iFAST Corp and chairman Sam Goi of Hanwell Holdings raise stakes in respective companies.

Broker's Calls

UOB downgrades iFAST on 'expensive' valuations, while CGS-CIMB raises TP, EPS estimates on revenue growth at 'new normal levels'

As at 3.57pm, shares in iFAST are trading 9 cents higher or 1.5% up at $6.29.
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