Brokers' take: UOBKH lowers TP for iFast, says BFC acquisition will weaken near-term earnings

UOB Kay Hian (UOBKH) has lowered its target price (TP) for iFast Corporation to S$9.75 from S$11.50, as it believes the wealth management platform's proposed acquisition of UK-based BFC Bank will dampen near-term earnings.


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