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Will iFAST steal other brokers' lunch?

The impact of iFAST's discount brokerage service will depend on DIY investors

Published Wed, Jun 21, 2017 · 09:50 PM
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SINGAPORE do-it-yourself (DIY) investors will have something to look forward to very soon with the imminent launch of a discount brokerage service by mainboard-listed iFAST Corporation.

The company's shares have surged to S$1.085, or 46 times earnings, defying brokers such as UOB Kay Hian which downgraded it last week after a strong rally.

Recently admitted as a trading member at Singapore Exchange (SGX) and a clearing membe…

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Hock Lock Siew

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