The answer — in a word — is “yes”. As part of the discussion during The Edge Singapore‘s Mid-Year Investment Forum, attendees asked about the impact of higher interest rates on the stock market. Paul Ho, senior director, Asia Pacific equities, at UOB Asset Management, pointed out that high...

SGListCos, an association for companies listed on both the mainboard and Catalist of the Singapore Exchange, has been formed. As described in its LinkedIn post, SGListCos describes itself as a body “set up by listcos for listcos”. The association’s pro-tem chairman is Chew Sutat, w...

A Goldman Sachs May 10 report on local banks sounds decidedly bearish. “Our assessment shows Singapore banks’ shares are pricing in an 18% probability of a recession when we compare our base case and recession scenario-implied valuation relative to where the stocks are trading [now] versus their...

Lim Chung Chun, executive chairman of iFast Corp, saw an increase in his stake in the company. On April 27, 60,000 shares for $281,200 or $4.69 each were acquired by Lim via a nominee account. This raised his deemed stake in the company to around 16.9 million shares or 5.794%, up from 5.773% previou...

As iFast Corp’s share price continues its decline, DBS Group Research analyst Ling Lee Keng has downgraded her recommendation to “hold” with a lower target price of $5.42 from $8.75 previously.Ling’s report on April 26 is a reversal from her optimistic view just a day earlier.“After the 1Q...

As shares in iFAST continue their decline, DBS Group Research analyst Ling Lee Keng has downgraded her recommendation to “hold” with a lower target price of $5.42 from $8.75 previously.Ling’s report on April 26 is a reversal from her optimistic view just a day before.“Post the 1QFY2022 resul...

SOME analysts are turning bearish on iFast Corporation after its latest financial results came in below expectations.

SHARES of iFast Corporation tumbled at the start of a new trading week as investors react to the fintech platform posting lower net profits over the weekend.

Shares in iFAST opened near the 52-week lows last seen in March following the release of the group’s 1QFY2022 results last Saturday.As at 9.58am, shares in iFAST are trading 35 cents lower, or 6.18% down, at $5.31.Formerly one of the best-performing stocks on the Singapore Exchange, shares in iFAS...

THE following companies saw new developments that may affect trading of their securities on Monday (Apr 25):