DBS rates iFAST 'buy' on strong growth momentum

iFAST

28/05/2021 09:49

SINGAPORE, May 28 (Reuters) - ** iFAST Corporation  IFAS.SI 
up 183% YTD vs Straits Times Index 12.01% YTD
** DBS  DBSM.SI  rates iFAST, a Singapore-based wealth
management fintech platform, a "BUY" on the back of the "strong
growth momentum" ahead 
** "With its growing and deepening range of products and
services, iFAST is well poised to capture more market share in
Singapore," DBS says in a report
** Analysts on an average expect quarterly revenue up 52.8% to
S$58.92 million and EPS of 3 cents a share, according to
Refinitiv
** At current price, the firm is trading at 62x next year's
expected earnings.

 (Reporting by Chen Lin in Singapore)
 ((LinChen1@tr.com))