Stock markets crashed swiftly in March as the COVID-19 infection and death rates worsened, only to witness a strong rebound as the situation eased slightly due to lockdowns and border closures.
The stellar growth was driven by increased orders from its key customers for tools, consumables and services. iFAST Corporation Ltd iFAST is a financial technology company that owns a wealth management platform, with assets under administration of S$9.54 billion as of 31 March 2020.Year to date, iFAST’s shares have risen 35.6%.
Although AUA fell briefly below the S$10 billion mark, as of April 22, iFAST had regained the S$10 billion AUA level. The group saw a surge in buying during the first three months as many people stocked up on essential items due to an irrational fear of stocks running out.Riverstone Holdings Limited Riverstone is a manufacturer of nitrile and natural rubber gloves for both the cleanroom and healthcare industries.