UOB Kay Hian analyst Clement Ho has downgraded iFAST Corporation to “sell” with an unchanged target price of $5.12, as Ho deems valuations on the corporation as “expensive”. “Our target price of $5.12 is based on a valuation peg of 40.3 times 2021 price-to-earnings (P/E), or 2 standard dev...

iFAST Corp is well-poised to capture more market share in Singapore, even as its assets under administration (AUA) in Singapore grew 52.8% y-o-y and 18.0% q-o-q to a record high of $10 billion, says DBS Group Research analyst Ling Lee Keng.  “With its highly scalable business model coupled wi...

UOB Kay Hian (UOBKH) has downgraded its recommendation on iFast Corporation to "sell" from "hold" on valuation grounds.

Despite losing out on a digital banking licence in Singapore, financial services company iFAST will be throwing its name into the ring for a similar framework in Malaysia. iFAST has been studying the matter and will be submitting an application for a digital banking licence there, says CEO Lim Chung...

IFAST Corporation is expecting a gradual increase in its dividend for this financial year, but has not committed to a firm dividend payout ratio, as it looks to balance dividend growth with ensuring it has enough retained earnings to explore opportunities.

WEALTH management platform iFast Corporation on Friday reported a net profit of S$6.8 million for the fourth quarter ended Dec 31, 2020 up 127.5 per cent from S$3 million in the year-ago period.

WEALTH management platform iFast Corporation on Friday reported a net profit of S$6.8 million for the fourth quarter ended Dec 31, up 127.5 per cent from S$3 million in the year-ago period.

Thanks to a surge in assets under administration, iFAST Corp’s earnings for the 4QFY2020 ended Dec 31 was up 127.5% y-o-y to a quarterly record of $6.83 million. Revenue in the same period was up 41.6% y-o-y to $48.9 million. For the whole of FY2020, the company reported earnings of $21.12 million...

The growing retail frenzy has sent many stocks through the roof this year, from the most-shorted US names to anything silver related. But away from the chat rooms there’s another winner: online brokerage shares. Shenzhen-based Futu Holdings Ltd. has surged 156% already this year and Singapore-list...

The decline of the Straits Times Index (STI) in late January 2021, after briefly flirting around the 3,000 mark, is “not the beginning of the end,” say DBS Group Research analysts Yeo Kee Yan, Janice Chua and Chung Wei Le. Instead, the analysts, led by Yeo, see the decline as a “healthy correc...