Q: Why is liquidity and valuation better in Hongkong, Australia and the US? A: What happens when you compare apples, oranges and pears? The phrase “Lies, damned lies and statistics” has often been wrongly attributed to Mark Twain and a source of meme on the Internet. Irrespective of its orignat...

Based on price performance, iFAST Corp appears to be the main beneficiary of news reports that Singapore may introduce measures to boost its equity market. In the week of Sept 13 to 17, iFAST rose 10% in two days, to $9.90, eliciting a query from the Singapore Exchange (SGX) on Sept 15. In its reply...

With its share price more than quadrupling over the past year, iFast Corporation’s stellar performance on the Mainboard of the Singapore Exchange is plain for all to see. 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. H...

When the pandemic struck and large parts of the economy came to a standstill, many sectors — including the financial services industry — suffered from a kneejerk reaction and investors braced for the worst. While there were some worries over bad debts and soured loans, the sector eventually sail...

Just last week, The Edge Singapore celebrated our 1,000th issue, marking nearly 20 years of diligent coverage of the Singapore market and business scene. As we dug through our own archives to put together the commemorative issue, we are reminded that when companies stumble, we don’t shy away tryin...

The share price for the Singapore Exchange (SGX) fell from a record high of $12.05 attained on Aug 4 to as low as $10.21 on Aug 26, following news that Hong Kong Exchange (HKEX) plans to launch a new MSCI A share index futures contract which is the direct competitor to SGX’s FTSE A50 index. As The...

CGS-CIMB has upgraded iFast Corporation to "add" while raising its target price to S$12.50 from S$8.31, after the wealth management platform on Saturday said it has finalised its Hong Kong eMPF (Mandatory Provident Fund) project contract with PCCW Solutions.

CGS-CIMB Research analyst Andrea Choong has upgraded her recommendation on iFAST to “add” from “hold” just seven days after her downgrade on July 27. This comes after the group announced, on July 31, that it has finalised its prime subcontractor contract with PCCW Solutions for Hong Kong’s...

CGS-CIMB has upgraded iFast Corporation to "add" while raising its target price to S$12.50 from S$8.31, after the wealth management platform on Saturday said it has finalised its Hong Kong eMPF (Mandatory Provident Fund) project contract with PCCW Solutions.

SHARES of iFast Corporation jumped on Monday after it announced that it had finalised its Hong Kong pension project contract on Saturday, which the company said would have a "very material financial impact" from 2023.