iFast

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

The company posted a 54.7% rise in net profit to S$26 million for Q3, from S$16.8 million in the previous corresponding period.

iFast soars 8.2% to all-time high on robust Q3 earnings; set to hit record net inflows for 2025

Counter hits S$9.99 in early trading before shedding some gains to trade over 6% up in late morning

The iFast Global Bank segment posts net profit of S$310,000 in Q3, reversing from the loss of S$820,000 in the previous corresponding period.

iFast Q3 net profit rises 54.7% to S$26 million on overall revenue growth

Revenue expands 37% to S$135.8 million, with earnings per share of S$0.0856

Temasek is now a substantial shareholder of iFast Corp through its deemed interest of 5.03% as at Oct 2. This follows its portfolio company Fullerton Fund Management's acquisition of 219,300 iFast shares for S$9.04 apiece.
INSIDE INSIGHTS

Placements continue, Sert buys back units

[SINGAPORE] Over the five trading sessions from Oct 3 to 9, institutions were net buyers of Singapore stocks, with net institutional inflow of S$250 million, adding to the S$275 million net institutio...

Tuesday’s sell-off comes a day after iFast Pay Malaysia received in-principle approval from Bank Negara Malaysia to operate as an electronic money issuer.
HOT STOCK

iFast plunges 8.5% after Temasek-linked shareholder offloads S$131 million worth of shares

The counter drops S$1.11 within nine minutes of the market opening on Tuesday

Lim Chung Chun, chief executive of iFast, says the integration of payments into the group's wealth management offering will help it deliver more convenient and cost-competitive services.

iFast Malaysian unit gets central bank approval to operate as e-money issuer

This paves the way for iFast to introduce payment-related services that complement its existing suite of wealth management and digital banking solutions

Shares of iFast rose nearly 10% on market open on Monday (Jul 28).
HOT STOCK

iFast surges 11.3% after strong Q2 net profit

This comes as the company posts a 37.9% increase in earnings for the period

iFast CEO Lim Chung Chun says the company has come to a stage where it feels comfortable in starting to increase the dividend more significantly.

iFast targets higher dividend payout ratio amid growth across business units

Customer accounts in iFast have crossed the one-million mark, and customer deposits in iFast Global bank hit S$1.5 billion at the end of Q2 2025