iFast

iFast says it’s not a key beneficiary of crisis-driven inflows, flags risk from Middle East tensions

The fintech platform also unveils its planned CAGR at its AGM on Friday, but shareholders question the projections

Fintech platform Ifast expects to propose a total dividend of at least 10.5 Singapore cents per share in 2026, some 25 per cent higher than the previous year.

iFast Q1 profit up 49.4% to S$28 million

Revenue is up 49% to S$136.8 million; its wealth management and Hong Kong ePension businesses are more profitable

The group's profitability is set to be driven by its digital banking and ePension divisions.
BROKER’S TAKE

RHB initiates ‘buy’ on iFast on rising Asia-Pacific wealth management demand

The brokerage’s S$12.20 target represents a 36.7% increase from the group’s closing price on Mar 26

The Singapore Exchange Securities Trading has given in-principle approval for the listing and quotation of the notes, which are expected to be listed on Wednesday.

iFast issues S$120 million worth of 2.75% fixed-rate notes

Net proceeds from the issuance will be used for general corporate purposes

The COO appointment will take effect on Feb 28.

iFast appoints Tan Tia Hong as new group COO

[SINGAPORE] Digital wealth platform iFast announced that it has appointed Tan Tia Hong as the new group chief operating officer with effect from Feb 28 in a bourse filing on Monday (Feb 23)

Lim Chung Chun, chairman and CEO of iFast, says the rebranding of FSMOne is to signal its intent to focus more on global customers.

iFast unveils ‘Truly Global Business Model’, rebrands FSMOne to FSM Global

The group is repositioning itself to view its customers as international – not just from the markets in which it operates

iFast’s board proposes a final dividend of S$0.025 per share, up 56.3 per cent from S$0.016 a year earlier.

iFast Q4 net profit rises more than 70% to S$32.9 million as banking operations turn profitable

Revenue for the quarter up 45.7% at S$151.7 million, driven by stronger contributions from ePension division

The acquisition is in line with iFast’s overarching strategy to ride on the growth of the wealth-management industry.
HOCK LOCK SIEW

iFast’s proposed acquisition of Financial Alliance stake could be more exciting than it looks

The relatively modest investment could burnish the growth strategy of iFast, which is on track for a multi-year growth trajectory

The financial advisory industry in Singapore has “substantial growth potential”, says iFast.

iFast to acquire 30% stake in Financial Alliance Corporation for S$19.6 million

The deal will be funded with internal resources and external borrowings

Launched in September, the iEdge Singapore Next 50 Index tracks the 50 largest listcos after those in the Straits Times Index.

Newly launched iEdge Singapore Next 50 Index posts 18% return in H2 to date

Average daily turnover for these stocks hits S$165 million in the year to Nov 4