SINGAPORE (BLOOMBERG) - iFast Corp, an online brokerage that has been Singapore' s best-performing stock over the past year, is betting on China and a retail-trading frenzy to help it grow assets by more than fivefold by 2028.

Although the firm' s Chinese operations are loss-making, chief executive officer Lim Chung Chun said the nation is poised to become the wealth-management platform' s fastest-growing market and is key to the group' s goal of reaching $100 billion of assets under management by 2028. Investors have bought into that vision, with iFast shares soaring more than 500 per cent in the past 12 months - beating all members of the FTSE ST All-Share Index.

" The potential of the China market is immense, and the kind of losses we are generating today are a very manageable amount considering the size of the market," Mr Lim said in an interview.  iFast&rsquo s shares rose 5.5  per cent on Tuesday (May 18).

****************************IFast share soared to $8.37 by 600%++ within the past 12 months. Wait and See. SY may follow the suit as its business is private equity investing and hedge fund as assets under management toward mega billion dollars industry.***********************