iFast, analysts refute short-seller claims that business is unsustainable
iFast has refuted claims made against the company in a recent short seller (Sakura Research) report.
iFast says it has continued to guide for revenue from its ePension division to be sustained over a contract period of seven years.
The "Blue-Chip" research teams such as DBS Research and CGS International have price target of approximately S$9.50 per share. Sakura research valuation per share is <S$1.
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Bull Run : Not the first time shortist gave these kind of negative report with motive to short down Ifast but history record proof that they are helplessly framed this counter and eventually Ifast turned out again flying higher although attacks were hard.
bullrider_21 OP Bull Run : Who are the other short sellers?