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IFAST
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up and coming
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turtletrader
Senior |
31-Jul-2026 14:24
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Price of iFAST is volatile, doing DCA when price was down recently is quite nice. | ||||
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msksmsks
Supreme |
31-Jul-2026 14:16
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When a biz able to generate FCF and usher dividend, it' s a good biz. Even better, the Co is guiding a higher dividend payout, which means the profit margin is getting higher or better , apart fm a positive outlook guidance with trajectory growth for next few years When a biz does well, the price shall follows. What others say doesn' t matter too much. Each of us responsible for our own actions. Including our own P& L Stay invested. |
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tongphlp
Supreme |
31-Jul-2026 13:51
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jackpot!
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tongphlp
Supreme |
31-Jul-2026 09:55
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buy or sell people all sure have something to say buy - still ok sell - why sell? lose confidence? share price too high?
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msksmsks
Supreme |
31-Jul-2026 07:50
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It' s a symbolic gesture for his purchases though not a big amt. It' s been quite a long while since his last purchases. Also hinting the share is under value and inject investors confidence. Looking fwd to escalation of share prices in due course to next higher level Huat Huat
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st3p178
Member |
31-Jul-2026 07:09
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ifast make SGX Announcement on ifast CEO purchase of ifast shares. https://www.ifastcorp.com/ifastcorp/investor-relations/announcement-content.tpl?announceId=1527 |
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st3p178
Member |
30-Jul-2026 11:07
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Just manage to find time to look through their report. I guess we have to take a longer view to wait for the whole ecosystem to work. I realised that the bank has shown good growth this quarter. Q4 profit. SGD 1m --> Q1 SGD 0.7m --> Q2 SGD 2m that is 100% growth in net profit. I wonder how much from financing business and this biz if expanded, will also help AUA growth. At the rate it is growing, the net profit from bank can hit SGD 8-10m for 2026. Then it will be a trigger for revaluation of the shares. As of now, analyst average ifast TP still around $11. At some point, it should catch up with the Singapore market performance. 😅 Finger crossed. |
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Joelton
Supreme |
29-Jul-2026 10:04
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DBS, UOBKH and CGSI retain optimism in iFAST after profit growth in 2QFY2026 DBS Group Research, UOB Kay Hian (UOBKH) and CGS International (CGSI) Securities have retained their confident ratings in digital bank and wealth platform provider iFAST. Holding their &ldquo buy&rdquo call, Lim Rui Wen from DBS maintains her target of $12.15 while UOBKH&rsquo s Tang Kai Jie and John Cheong raise their target to $12.18 from $11.77. Despite maintaining an &ldquo add&rdquo rating, CGSI&rsquo s Tay Wee Kuang and Meghana Kande lower their target price to $13 from the previous $13.45. The analyst reports come on the back of the company&rsquo s results announcement for 2QFY2026 ended June 30. The Mainboard-listed counter reported net profit of $29.8 million for the quarter, up 35% y-o-y, on revenue of 34.8% y-o-y higher revenue of $162 million. For 1HFY2026, net profit increased 39% y-o-y to $57.9 million on revenue of $316.5 million (up 41% y-o-y). Assets under administration (AUA) increased 33% y-o-y to reach a record high of $36.1 billion, with China AUA doubling y-o-y and with net inflows increasing by 15% y-o-y to $2.56 billion. In her July 27 report, Lim expects revenue recognition to slightly slow moving forward as Hong Kong 2Q2026 revenue eased q-o-q after eMPF ramp in in 1Q2026. Similar to DBS, Tay and Kande note the q-o-q decline in revenue for Hong Kong and the reasons for it in their July 28 report. Meanwhile, Tang and Cheong note that earnings for the half-year beat expectations in their July 28 report, with growth driven by higher contributions from Hong Kong&rsquo s ePension division. Both DBS and UOBKH note management&rsquo s expectation for staff costs to moderate with fewer contract headcount renewables. On the Occupational Retirement Schemes Ordinance (ORSO), both DBS and CGSI note that ORSO contributions &mdash initially expected in 2H2026 &mdash have been delayed due to onboarding of the eMPF project. Instead, management expects ORSO to take effect at the end of the year, with minimal contribution in 4Q2026. CGSI believes the growth in AUA to partially offset the delay in ORSO. However, UOBKH says that ORSO is expected to contribute from 2H2026 onward through a $3 billion assets under management partner. Tang and Cheong note that all 12 trustees and 24 schemes are now onboarded to the Hong Kong Pension platform as at end-April 2026, and this is expected to contribute positively to revenue through 2030. Both UOBKH and DBS note management&rsquo s guidance of double-digit growth for Hong Kong AUA during the year. The China market stood out for UOBKH, as Tang and Cheong note segment loss narrowing 49% q-o-q to $0.95 million and potentially turning profitable by 2027. For iFAST Global Bank (iGB), which Lim thinks is likely the fastest growing segment of iFAST&rsquo s business, management updates suggest cautiousness as iFAST reiterated the importance of prudent balance sheet and liquidity management. Revenue is expected to become more&rdquo stable&rdquo as deposit and net interest margin takes a larger share of banking business, with remittance revenues being more volatile and prefunding. Both UOBKH and CGSI point out the increase in net profit for iGB, with the latter highlighting iFAST&rsquo s strategy to grow net interest revenue by expanding deposits beyond funding working capital. On payments, UOBKH indicates the May launch of both its partnership with Ant International " Worldwide Scan & Pay" and theSingle Euro Payments Area (SEPA) capability. On other payment licences, iFAST targets to launch in the fourth quarter while hoping to make progress in its home market, notes DBS. Lim mentions that iFAST has also incorporated a subsidiary in Ireland. iFast has previously indicated its ambition to obtain a banking license within the European Union which will be in close proximity to its UK bank. The process will take possibly some years, notes management. Net inflows continue to be robust in recent months, management shared according to Lim. June and July saw &ldquo strong&rdquo growth with some funding finding their way into Singapore equities. During 2Q, some of iFast&rsquo s B2B partners saw &ldquo very strong&rdquo growth in account openings which accelerated increase in customer numbers, writes Lim. UOBKH highlights iFAST reaffirming its Vision 2030 target of $100 billion AUA, at 25.6% CAGR, with revenue potentially reaching $600m at a 60 basis points margin as AUA scales. They believe margin expansion is on the horizon due to lower headcount and AI adoption. Increasing its target price to $12.18. UOBKH values iFAST at a lower P/E of 27 times FY2027 earnings, compared to 32 times previously, due to a reduced PE-band. The brokerage also rolled over its valuation base to 2027 to better reflect the company&rsquo ss continued AUA momentum and earnings growth. &ldquo The higher target price reflects iFAST&rsquo s strong execution, growing earnings visibility and scalable monetisation across its wealth, pension and banking segments as it progresses toward its long-term AUA target of $100b by 2030,&rdquo write Tang and Cheong. Due to the deferred start of the ORSO project, CGSI trims forecasted FY2026 EPS by 2.7% as well as FY2027 and FY2028 EPS by 2.2% and 1.9% respectively. This is attributed to higher staff costs. CGSI&rsquo s &ldquo add&rdquo rating is maintained with a lower sum-of-parts valuation of $13. Tay and Kande write: &ldquo We reduce the value of its wealth management business but we continue to like IFAST given the operating leverage of its business, which allows it to scale its earnings alongside AUA growth. iFAST has also raised its FY2026F DPS [dividend per share] guidance from 10.5 cents to 12.0 cents, implying FY2026F payout ratio of c.28.9%, with management working to raise payout ratio to 40% in the longer term, although the timeline remains unclear.&rdquo Using sum-of-the-parts (SOTP) valuation framework, with the core wealth management business valued using a discounted cash flow methodology that reflects its recurring revenue profile, scalable platform economics and strong long-term growth visibility, Lim values iFAST at unchanged $12.15. |
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alexvar
Senior |
28-Jul-2026 14:38
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probably the Temasek related companeis are still dumping this stock any chance they get. worsening cash generation by this company compared to the last. dydd |
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bechaotic
Member |
28-Jul-2026 10:36
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Is it true? When so many analyst said ' buy or upgrade' , it means to ' sell' ? | ||||
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tongphlp
Supreme |
28-Jul-2026 09:35
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to the moon
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Joelton
Supreme |
28-Jul-2026 09:31
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iFast to raise dividend ratio to 40%, sees minimal impact from China&rsquo s cross-border clampdown [SINGAPORE] Wealth platform iFast : AIY -2.69% will gradually increase its dividend payout ratio to 40 per cent from 25 per cent currently, amid growth in profitability and shareholders&rsquo equity. &ldquo If you look at the first half of the year, based on what we are recommending, it works out to about 30 per cent in terms of dividend payout ratio,&rdquo said chairman and group CEO Lim Chung Chun at iFast&rsquo s second-quarter earnings briefing on Monday (Jul 27). The company expects to issue a total dividend of S$0.12 per share for the 2026 financial year, having declared dividends per share of S$0.025 and S$0.03 for Q1 and Q2, respectively. The Q1 dividend followed the 25 per cent payout ratio. Taking into account the growth of its overall earnings and shareholders&rsquo equity, iFast&rsquo s projections for profitability, cash flow and balance sheet have allowed the board to be &ldquo comfortable&rdquo with raising the dividend payout ratio. &ldquo It&rsquo s a number we are comfortable with for this year, and that&rsquo s the reason we decided to declare a higher dividend,&rdquo said Lim. Meanwhile, Chinese authorities have been clamping down on offshore brokerages, affecting players such as Tiger Brokers and Webull parent Futu. The impact on iFast Global Bank has been minimal, as Chinese residents make up only a small percentage of its depositors, Lim noted without disclosing the number. He stressed that running a business was about adhering to regulations, and iFast Global Bank caters to customers who want to manage their money overseas in accordance with official rules. Chinese currency controls allow up to US$50,000 per individual to be transferred out of China annually. &ldquo We don&rsquo t go beyond any official limits, so that being the case, we don&rsquo t foresee any problem for us,&rdquo Lim added. Closer to home, iFast is preparing to launch a payment product in Malaysia in Q4 this year. It acquired a payment licence from the Malaysian authorities in August 2025. The company has also applied for a payment services licence in Singapore. Last May, iFast&rsquo s US subsidiary obtained approval for direct access to American exchanges &ndash something the company had been working towards for a few years, said Lim. While some transactions are already being routed through its US subsidiaries internally, iFast is choosing to make sure that its new capability is first tested before sending through the bulk of the transactions. &ldquo I want to remind shareholders that we are not actually trying to target US customers. This is more of a link that allows us to directly access the US exchanges without having to go through another broker,&rdquo said Lim. He noted that this additional capability will position the company to be more competitive, and open up new business models. In mid-2026, iFast&rsquo s headcount peaked. It expects to have fewer staff by the end of 2028, which Lim said would involve not a sharp reduction in numbers, but a gradual process of natural attrition and letting contracts lapse. He believes that iFast should manage its headcount properly, as part of ensuring that corporate culture and growth continue. He said: &ldquo We generally have a no-retrenchment policy... I know that in today&rsquo s world, businesses generally look at retrenchment as part and parcel of business or even a good thing, as shareholders tend to reward management when they announce that they are retrenching.&rdquo |
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msksmsks
Supreme |
27-Jul-2026 12:10
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Lim & Tan also gave a consensus target price of $11.94 Most analysts start to give higher TP ... The depression wl soon be over and followed by strong surge of buying and short covering NATO don bring u anywhere and can' t enrich yr bank acct.... Huat huat to the patient ones
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gosharej
Senior |
27-Jul-2026 11:58
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don' t get caught after results announcement. Investors may want to press down again and see 3rd q results. it is all local house trading only. | ||||
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tongphlp
Supreme |
27-Jul-2026 11:15
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huat ah
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turtletrader
Senior |
27-Jul-2026 11:11
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Slight down in the early morning give investors opportunity to do more Dollar Cost Avareaging (DCA) & increse exposure to this stock:) |
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msksmsks
Supreme |
27-Jul-2026 10:33
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DBS maintained Buy rating wif TP $12.15
Lai lai....more upgrades Huat huat |
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msksmsks
Supreme |
27-Jul-2026 09:52
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Juz saw CGI rpt...
Reiterate Buy with TP $13.45 Despite some benign selling, IFast wl resume its uptrend and escalate to higher ground. Be patient Importantly, IFast biz model is generating FCF and ushering dividend and guided higher dividend payout for FY26. Numbers don lie.. A growing profit margin wl then enable higher dividend payout .... Huat Huat |
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turtletrader
Senior |
27-Jul-2026 09:50
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Thank you for clear explaination.
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msksmsks
Supreme |
26-Jul-2026 18:51
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Pls refer to the extract quoted by the mgmt .........Let the investing public digest & decide Consolidated Statement of Cash Flows Net cash from operating activities was $188.63 million in 2Q26 compared with $355.79 million in 2Q25 and was $162.87 million in 1H26 compared with $451.03 million in 1H25. Despite the higher profit for 2Q26 and 1H26, the lower amount of operating cash flow was due mainly to a smaller increase in customer deposits compared to the year-ago periods, as well as a more sizable increase in product financing receivables. Net cash used in investing activities increased from $158.42 million in 2Q25 to $170.04 million in 2Q26, and increased from $243.85 million in 1H25 to $361.24 million in 1H26. The increases were primarily due to the higher amounts of investment in quoted financial assets in the UK bank operation, compared to the respective year-ago periods. Net cash used in financing activities was $22.02 million in 2Q26, higher than the $18.34 million in 2Q25 due to higher dividends paid to shareholders in the recent quarter compared to the yearago period. For 1H26, net cash from financing activities was $98.34 million compared to net cash of $20.99 million used in financing activities in 1H25. This was primarily due to the issuance of a debt security in March 2026, which resulted in net financing proceeds of $119.30 million in 1Q26. Unquote: Overall, IFast had performed well and hitting all cyclinders top and bottom lline . The rollout of EPension is fully on board and operating expenses incurred for headcount had peaked. Embracing AI rollout and cost cutting, It' s cash flow and profit margin wl improve fm FY27. Milestones for this 2Q. Quoted The Group&rsquo s AUA increased 32.8% YoY to a new record high of $36.13 billion at the end of 2Q26. Growth was seen in all the various markets that the Group is in. The Group&rsquo s net inflows in 2Q26 was a healthy $1.31 billion. In 2Q26, the Group posted a 34.8% YoY growth in total revenue to $162.0 million, while net profit grew 35.0% YoY to $29.8 million. The increase in profitability was driven by growth in the Group&rsquo s core wealth management platform business, iFAST Global Bank and the Hong Kong ePension division. iFAST Global Bank built on its first full year of profitability in 2025 by reporting a higher pretax profit of $1.9 million in 2Q26, a growth of 175% YoY. Barring unforeseen circumstances, the Group expects 2026 to see healthy growth rates in revenues and profitability. The Group continues to work towards an AUA of $100 billion by 2030, which would imply a compound annual growth rate (CAGR) of 25.6% or higher over the next 5 years. The Group is embracing AI to achieve our various objectives while having a lower group headcount. We expect our overall group headcount to peak in the middle of 2026 and be at a lower level at the end of 2028 even as we work on achieving our various objectives under our 3year plan. This will pave the way towards improving profit margins from 2027 onwards. For the second interim dividend for FY2026, the Directors declared a dividend of 3.0 cents per share (+50.0% increase from the 2025 second interim dividend of 2.0 cents per share). As the Group&rsquo s overall profitability increases and the Group shareholders equity continues to grow, the Directors are comfortable with increasing the dividend payout ratios gradually. For full year of FY2026, the Directors expect to propose a total dividend of 12.0 cents per share or higher (at least +43% increase compared to FY2025). This is an increase compared to the previous guidance of 10.5 cents per share or higher stated in April 2026.
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