iFAST kept at 'buy' with higher TP of $1.73 by DBS

Stock Name: IFAST
Company Name: IFAST CORPORATION LTD.

Research House: DBS Vickers

Price Call: BUY

Target Price: 1.73

SINGAPORE (June 12): DBS Group Research is keeping its "buy" call on iFAST Corp, the online distributor of investment products, with a higher $1.73 price target.

In a report out today, DBS likes iFAST as it offers investors a unique investment proposition and is planning new initiatives to drive growth.

iFAST's key performance driver lies in the growth of Assets Under Administration (AUA), which generates recurring revenues, says DBS in a report out today.