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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[EnSabahNur]

219,300 Shares acquired by Fullerton as investment manager

https://www.ifastcorp.com/ifastcorp/inve...nceId=1442

Ifast looks like a beneficiary of the MAS' EQDP?

[weijian]

219,300 Shares acquired by Fullerton as investment manager

https://www.ifastcorp.com/ifastcorp/inve...nceId=1442

Ifast looks like a beneficiary of the MAS' EQDP?

hi EnSabahNur,
If you compare Temasek's consolidated interest last reported on 22nd Aug, this stake by Fullertion via fund mgt is new. And Since Fullerton is 1 of the 3 initial fund mgrs selected for the EDQP, it is reasonable to assume so.

22nḍ Aug update:
https://links.sgx.com/FileOpen/_iFast%20...eID=856722

[EnSabahNur]

iFast 3Q2025 results

https://www.ifastcorp.com/ifastcorp/inve...nceId=1446

https://www.theedgesingapore.com/capital...lobal-bank

iFast Corporation has reported earnings of $26.01 million in 3QFY2025 ended Sept 30, up 54.7% y-o-y. For the 9MFY2025, earnings grew 41.8% y-o-y to $67.2 million.

For the 3MFY2025, revenue grew 35% y-o-y to $117 million, and for the 9MFY2025 revenue grew 25% y-o-y to $311.9 million.

iFast’s assets under administration (AUA) grew 29.6% y-o-y to $30.62 billion as at Sept 30. AUA in Singapore, Hong Kong, Malaysia, China grew 28.7%, 25%, 17.5%, 61.7% y-o-y respectively.

Net inflows for the third quarter alone reached an all-time high of $1.49 billion, a 83.6% y-o-y increase. For the 9MFY2025, net inflows grew 62.2% y-o-y to $3.72 billion.

iFast says that the increase in profitability for the year was driven by growth in the Hong Kong ePension business, continuing growth in its core wealth management platform business and the turnaround of iFast Global Bank.

On a q-o-q basis, iFast Global Bank’s profit in the third quarter declined as non-interest commission and fee income moderated.

Overall, pretty good, except for the Global Bank blip

[Curiousparty]

Overall, performance was strong — there was no “blip” at iFAST Global Bank. 

What happened in 3Q2025 was simply that, amid positive investor sentiment during the global markets rally, some depositors transferred their funds via the iFAST Bridge into their wealth management accounts. This reflects the seamless connectivity between banking and wealth management within the Group, and aligns with higher investment activity on the platform.

The reported customer deposits at iFAST Global Bank of S$1.55 billion as at 30 September 2025 should be seen as a snapshot, similar to a balance sheet item.


The real key parameter to watch is net inflows — which hit an all-time high of S$1.5 billion in 3Q2025. Momentum is strong, and inflows are set to continue increasing at this pace of about S$1.5 billion per quarter.


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iFAST Upside Potential

Netwealth in Australia grew from just A$20 billion in AUA in 2019 to over A$100 billion today in barely 4–5 years, with quarterly inflows of around A$3–4 billion. The market rewarded this expansion with a valuation of about A$8 billion (≈S$7.3 billion), or roughly A$33 per share.

If iFAST can achieve a similar milestone of S$100 billion in AUA by 2030, applying the same yardstick would imply a market cap of about S$7 billion. With ~303 million shares outstanding, that translates into an implied share price of around S$23.

iFAST’s Growth Trajectory

Back in 2014, iFAST’s net inflows were modest at just S$125 million per quarter. Fast forward to 3Q2025, and the Group has achieved a record S$1.49 billion in net inflows, more than 10 times higher than a decade ago.

If iFAST can sustain and accelerate this pace — pushing net inflows towards S$3–4 billion per quarter — the Group is well on track to meet its long-term ambition of S$100 billion in AUA by 2030.

This growth trajectory reflects the compounding impact of:

• Stronger platform adoption across both B2B and B2C,
  
• Rising demand for global investing access, and
  
• Seamless connectivity between iFAST Global Bank and its wealth management platform.
  

The Bottom Line

The journey from S$125 million inflows to S$1.5 billion inflows per quarter demonstrates the scalability of iFAST’s model and sets the stage for its next leap towards S$100 billion AUA.

In short: Netwealth has already proven what’s possible. If Netwealth can do it, so can iFAST.

[weijian]

iFAST’s Growth Trajectory

Back in 2014, iFAST’s net inflows were modest at just S$125 million per quarter. Fast forward to 3Q2025, and the Group has achieved a record S$1.49 billion in net inflows, more than 10 times higher than a decade ago.

If iFAST can sustain and accelerate this pace — pushing net inflows towards S$3–4 billion per quarter — the Group is well on track to meet its long-term ambition of S$100 billion in AUA by 2030.

hi CP,

There are 21 more quarters to end 2030.

3Q25 AUM: 30.6bil
end 2030 AUM: 100bil
AUM Gap = 100 - 30.6 = 69.4bil
AUM inflows per quarter = 69.4/21 = 2.7bil/quarter.

2.7bil/quarter (uninterrupted and needs to start happening in 4Q25) is 80% more than the record inflow of 1.49bil for 3Q25.

Nonetheless, I am a man of faith and so while linear mathematics work most of the time, I know it doesn't work sometimes. I think it is great that one tries to reach for the moon, as maybe the journey is more important than the destination - since the desired destination will pave the way in how the journey is made.

[Curiousparty]

The world is full of non-linear growth. 

A clear example is iFAST: in 2014, its net inflows were only about S$125 million per quarter, yet by Q3 2025 this has surged more than tenfold to S$1.49 billion. Against the vast global financial landscape, achieving S$100 billion in AUA is just a small drop in the ocean compared to the industry titans.

Netwealth shows a similar story. Its quarterly net inflows, which were around A$1–2 billion in 2020, have now scaled up to A$3–5 billion per quarter — proving how quickly platform growth can compound once momentum builds.

Netwealth focus only on Aussie market while iFast is Global...

[EnSabahNur]

Overall, performance was strong — there was no “blip” at iFAST Global Bank. 

What happened in 3Q2025 was simply that, amid positive investor sentiment during the global markets rally, some depositors transferred their funds via the iFAST Bridge into their wealth management accounts. This reflects the seamless connectivity between banking and wealth management within the Group, and aligns with higher investment activity on the platform.

I might have missed it, was it mentioned that some depositors transferred their fudns via iFast Bridge?

The blip I was referring to is the following. Profit went down, not a major problem, hence the use of the term "biip".

profit in the third quarter declined as non-interest commission and fee income moderated.