Written by: Jacky Lee
Saturday 6 Dec 2014
IPO watch - iFAST Corporation
China market is the potential “KEY”
The IPO price of S$0.95 translates to 24x annualised FY14 PER and 3.8x PBR seems expensive. However, we recommend Subscribe, given its strong scalable business model and strong recurring income, most than 80% is contributed from recurring net revenue since 2012, and this grew from 71.4% during the period from 2008-2011. Conservative investors may choose to buy on pullbacks in the current uncertain market.
Please login
|
Premium Content
|
This article requires a premium subscription. Click
here
to upgrade.
If you are not yet a registered member of NetResearch Asia, please click
here to register before paying.
|
If you accessing this site though Lim&Tan's website and using
Internet Explorer, please click
here
to rectify access issues. |
Access to this Web site is granted by NRA Capital Pte. Ltd. strictly on the terms
and subject to the conditions set out hereunder. By entering into the Web Site,
Subscriber is deemed to have accepted and agreed to be bound by the
terms and conditions
set out hereunder.