iFAST

[specuvestor]

You take care too! Life goes by so fast!

Coincidentally:

US$103mm Accelerated Secondary Share Placement by UBS
Discount: 4.91% - 6.96% to the last closing price of SGD9.77

Et Tu Musicwhiz Does seems a major beneficiary of funds flows

Good to hear from you again

Nice to hear from you too! I still pop into this forum now and then but hardly have time to post....very busy with work these days.

Take care!

[Curiousparty]

iFAST Corporation stands today as one of Asia’s most promising fintech stories, combining strong financial results with a long-term vision to build a truly global wealth and digital banking ecosystem. Since its IPO in 2014, quarterly net inflows have grown more than tenfold, from S$125 million to S$1.29 billion, reflecting the market’s trust in iFAST’s platform and execution. As of June 2025, Assets Under Administration (AUA) reached a record S$27.2 billion, supporting 1H 2025 revenue of S$147.8 million (+23.7% YoY) and net profit of S$41.1 million (+34.7% YoY). Shareholders have benefited directly, with steadily rising dividends underscoring management’s confidence in sustainable growth.

Beyond financials, iFAST is entering its “second wave” of business differentiation. In its earlier Annual Reports, management articulated a clear strategy: “We are currently near the beginning of our second wave of substantial improvements… having a digital bank within our Group’s Fintech ecosystem, a truly global business model, and complementary services such as payments and a bond marketplace.” The acquisition of a full-licensed UK bank in 2022 is already proving transformative, with iFAST Global Bank (UK) profitable for three consecutive quarters and deposits surpassing S$1.45 billion. Meanwhile, Malaysia’s Global Hub.ai and new payment licenses are expanding reach across Asia.

While some investors noted CP Invest’s recent stake reduction, this should be viewed as portfolio rebalancing rather than a reflection of fundamentals. On the contrary, insider conviction remains strong, highlighted by the Chairman’s purchase of 60 lots at S$8.28.

In the words of the Chairman: “Investing into the Fintech industry today is a bit like investing into Singapore’s property or banking sector in the 1950s or 1960s – it’s in the very early days with tremendous growth opportunities.”

iFAST is positioning itself to be a sector-defining global fintech powerhouse — where wealth management, banking, and payments converge to capture tomorrow’s opportunities.

[Curiousparty]

The Hidden Engine: How iFAST Monetises Cash Across Cycles

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iFAST Corporation’s growth story is often misunderstood. Many still frame the company within the crowded B2C brokerage landscape, where competition is intense and margins are thin. But the real essence of iFAST’s business model lies elsewhere: it is first and foremost a B2B wealth and fintech ecosystem—partnering with financial advisers, institutions, and pension funds—while also capturing significant value from its cash management and net interest margin (NIM) engine under iFAST Global Bank (iGB).

This model allows iFAST to thrive across market cycles. During crises, such as the Covid-19 pandemic (2020–2021) or the more recent Trump tariff scare in Q2 2025, investors tend to hold more cash. That cash is “trapped” within iFAST’s ecosystem, where iGB can deploy it efficiently, generating attractive NIM and boosting profitability. In fact, margins often improve in volatile periods, providing downside resilience.

In better times, when markets rally and sentiment is strong, investors shift back into products. Here, iFAST benefits from its B2B partnerships and broad platform of over 26,500 investment products, driving inflows, transaction revenues, and distribution income. This dual-engine structure—NIM from cash in weak markets, fee income from investments in strong markets—ensures iFAST is not overly reliant on any single cycle.

As of June 2025, AUA reached S$27.2 billion, quarterly net inflows surged to S$1.29 billion, and iGB posted three consecutive quarters of profitability with deposits over S$1.45 billion. The results speak for themselves: whether investors are risk-off or risk-on, iFAST’s ecosystem captures and monetises flows.
That is why the management has repeatedly emphasised: the key to understanding iFAST is not the noise in B2C competition—it is the B2B-driven ecosystem with cash management at its core. Investors who grasp this essence will see why iFAST is structurally positioned for sustainable, long-term growth.

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