iFAST Corporation Limited is living up to its name with big, rapid moves, say CGS-CIMB analysts. The Singapore-listed financial services company has been making headlines for its collaborations with top-tier digital players in bidding for high-profile government contracts and licenses, entrenching its franchise value in the region, say CGS-CIMB analysts Andrea Choong and Caleb Pang in an August 28 note.
“iFAST’s share price has risen approximately 24% since the announcement of being shortlisted as 1 of 2 reported consortium finalists to digitise and centralise Hong Kong’s (HK) pension system (e-MPF) in Aug 20,” note Choong and Pang. The PCCW-led consortium (includes iFAST and possibly several other parties) is vying with Ping An Insurance’s OneConnect for the project.
