
2021-02-15 15:58:44
UOB downgrades iFAST on 'expensive' valuations, while CGS-CIMB raises TP, EPS estimates on revenue growth at 'new normal levels'
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...