Hot stock: iFast spikes to over 2-year high on Q4 profit surge
SHARES of iFast : AIY 0% 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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Vietnam forfeits billions of US dollars in foreign aid amid anti-graft freeze
Asia: Stocks mixed after Wall Street, Europe retreat from records
Mapletree closes second Japan logistics development fund, expects 110 billion yen AUM
Dolce & Gabbana metaverse fashion offering leaves shopper fuming
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
CEO of fallen Eagle Hospitality Trust seeks to contest four disclosure-related criminal charges