The view from the top of the mountain must be surreal. iFAST share price captured the imagination of Singapore investors yet again as the counter smashed to a record high of $10.40 in recent days. For the past one year, iFAST share price has surged by an incredible 42%.
Question now is whether iFAST share price is at the cusp of a rally or have reached the peak of Mount Everest. Investors could be forgiven for being sceptical at the sustainability of iFAST share price as the counter has enjoyed similar run in 2020 – 2021 period, only to crash spectacularly within a year. There are certainly similarities between the past and current rallies. And then, there are also things that have changed that could define whether iFAST share price could continue charging forward to hit a new high of $20.
For background, iFAST Corp is a global digital banking and wealth management platform, with assets under administration (AUA) of $20.0 billion. Incorporated in the year...