iFAST Stock Seems to Be Drawing More Investor Interest, CGS International Says -- Market Talk

Dow Jones2024-12-11

0516 GMT - Investor interest in iFAST's stock seems to be rising, based on a non-deal roadshow with management, CGS International's Andrea Choong says in a research report. The brokerage got the "sense" of improving sentiment as contributions from the Singapore-listed company's ePension business have begun flowing in more consistently. Investor queries mostly centered on the investment products and services provider's new banking venture iFAST Global Bank in the U.K., and how this initiative fits into its wealth-management platform business, the analyst notes. The brokerage reiterates the stock's add rating on expectations of more substantial ePension earnings to flow in, while maintaining a target price of S$9.50. Shares are 2.4% lower at S$7.61. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

December 11, 2024 00:17 ET (05:17 GMT)

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