Hot stock: iFast spikes to over 2-year high on Q4 profit surge 

SHARES of iFast hit a record high on Thursday (Feb 22) morning after the financial services company reported a 917.1 per cent rise in fourth quarter net profit.

A pre-market trade of 169,000 securities pushed the counter up by S$0.26 or 3.3 per cent to S$8.19 prior to the opening bell.

By 9.19 am it had gained S$0.42 or 5.3 per cent to S$8.35 – its highest level in over two years since it last opened at the same price on Jan 7, 2022.