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Latest Forum Topics / IFAST    Last:8.91 --  Post Reply
up and coming

Nippon72
Veteran
02-May-2026 10:29     
 
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 Alert Admin 		Actually it does not matter what we think but how the broader market (funds, big players) think of IFAST. If they see it as a mini bank (ocbc -) equivalent or akin to Great Eastern Life Insurance, it will accord it its water level. 

Metrics are cold hard numbers, undisputed. If nobody interested, it can still be in the doldrums. If got interests, it can be xxx PE and people still buy. I still recalled Creative was once the most expensive stock (> $60) in SGX then, much more than any of 3 banks. It did not make sense, it happened. 

Give IFAST more time, just like DBS which didn' t reach such absolute level until recent times. 

Vested.

What is the science or real definition of a Growth, Value  or Income stock is immaterial as long it serves your purpose? For me, as long it covers inflation, beats SA rate by 2-3x, I would be very happy liao. 
 
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tangsookiam1947
Master
02-May-2026 08:57     
 
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 Alert Admin 		DBS CAGR was 13.1% vs iFast CAGR of 17.2%...

DBS already has a market cap of $166 bil and dividend yield of 4 to 5%!!
iFast market cap is only 2.6bil and yield of less than 1%!!!

CAGR of ifast was only a few % points higher. How can we convince ourselves that iFast is a growth stock? Where is the growth coming from?


 

📊 CAGR (2020 & rarr 2025)

🟦 DBS Group Holdings

  • Start (2020):  S$264bn
  • End (2025):  S$488bn


👉 CAGR =  ~13.1% per year

🟧 iFAST Corporation Ltd

  • Start (2020):  S$14.45bn
  • End (2025):  S$31.98bn


👉 CAGR =  ~17.2% per year
 


JurongW      ( Date: 01-May-2026 14:37) Posted:



iFAST can be compared to DBS, UOB, and OCBC, but only in a broad strategic sense, not as direct peers.

🏦 Why They&rsquo re Different



  • DBS, UOB, OCBC
    • Full service banks with massive balance sheets.
    • Revenue streams: lending, deposits, corporate banking, treasury, wealth management.
    • Market caps: tens of billions (DBS ~S$80B, UOB ~S$50B, OCBC ~S$45B).
    • Dividend yields: typically 4 to 6%, anchored by stable cash flows.


  • iFAST
    • A fintech wealth management platform.
    • Asset-light, fee based model (no lending, no deposit base).
    • Market cap: ~S$2.7B.
    • Growth driven, trades at higher multiples (P/E ~24x vs banks ~9 to11x).

📊 Comparison Angles

  • Business model:
    • Banks = diversified, capital intensive.
    • iFAST = niche, capital light, scalable.
  • Valuation multiples:
    • Banks trade at lower P/E due to slower growth but higher dividends.
    • iFAST trades at premium P/E due to growth expectations.
  • Risk profile:
    • Banks are cyclical (interest rates, credit cycles).
    • iFAST is more exposed to market sentiment and AUM flows.

✅ Takeaway



You can compare iFAST to DBS, UOB, and OCBC in terms of wealth management exposure, but they&rsquo re not true peers. Banks are diversified giants, while iFAST is a focused fintech platform. The more meaningful comparables are brokerages and investment platforms (like UOB Kay Hian, PhillipCapital, or regional fintechs).

.

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JurongW
Elite
01-May-2026 14:37     
 
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 Alert Admin

iFAST can be compared to DBS, UOB, and OCBC, but only in a broad strategic sense, not as direct peers.

🏦 Why They&rsquo re Different



  • DBS, UOB, OCBC
    • Full service banks with massive balance sheets.
    • Revenue streams: lending, deposits, corporate banking, treasury, wealth management.
    • Market caps: tens of billions (DBS ~S$80B, UOB ~S$50B, OCBC ~S$45B).
    • Dividend yields: typically 4 to 6%, anchored by stable cash flows.


  • iFAST
    • A fintech wealth management platform.
    • Asset-light, fee based model (no lending, no deposit base).
    • Market cap: ~S$2.7B.
    • Growth driven, trades at higher multiples (P/E ~24x vs banks ~9 to11x).

📊 Comparison Angles

  • Business model:
    • Banks = diversified, capital intensive.
    • iFAST = niche, capital light, scalable.
  • Valuation multiples:
    • Banks trade at lower P/E due to slower growth but higher dividends.
    • iFAST trades at premium P/E due to growth expectations.
  • Risk profile:
    • Banks are cyclical (interest rates, credit cycles).
    • iFAST is more exposed to market sentiment and AUM flows.

✅ Takeaway



You can compare iFAST to DBS, UOB, and OCBC in terms of wealth management exposure, but they&rsquo re not true peers. Banks are diversified giants, while iFAST is a focused fintech platform. The more meaningful comparables are brokerages and investment platforms (like UOB Kay Hian, PhillipCapital, or regional fintechs).

.
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tangsookiam1947
Master
01-May-2026 13:31     
 
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 Alert Admin 		DBS&rsquo 1QFY2026 results highlight the resilience of its earnings base, with net profit of S$2.93 billion (+1% YoY, +24% QoQ) and total income reaching a record S$5.95 billion, alongside a strong 17% ROE. In contrast, iFAST Corporation Ltd saw a QoQ profit decline, underscoring the lumpier and more fragile nature of its earnings, which are more dependent on market activity and timing of inflows rather than a stable, diversified income base.

msksmsks      ( Date: 01-May-2026 10:05) Posted:

Bank earnings may hv peaked after these few years of growth and likely wl plateau over time.

IFast juz embarking its Epension program and wl snowball. Orso coming on board 2nd half, Macau ePension, UK banking unit juz taking off and collaboration with ANT and Ali pay globally etc..

In addition, their 3 year vision of achieving of $100bil AUA
that worked out to be ard 25.6% CAGR annually.

IFast 1Q26 result showed 47.5% y/y increase and 56.3% y/y increase in dividend and also guided healthy growth FY26 with higher dividend payout of 10.5ct or higher As compared 8.5ct for FY25.
This is not good enough. ??

Let the numbers.do the talking... mkt is.fwd.looking


tangsookiam1947      ( Date: 01-May-2026 08:08) Posted:

which part of iFast is growth company? DBS and OCBC AUM are also growing rapidly..
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msksmsks
Supreme
01-May-2026 10:05     
 
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 Alert Admin 		Bank earnings may hv peaked after these few years of growth and likely wl plateau over time.

IFast juz embarking its Epension program and wl snowball. Orso coming on board 2nd half, Macau ePension, UK banking unit juz taking off and collaboration with ANT and Ali pay globally etc..

In addition, their 3 year vision of achieving of $100bil AUA
that worked out to be ard 25.6% CAGR annually.

IFast 1Q26 result showed 47.5% y/y increase and 56.3% y/y increase in dividend and also guided healthy growth FY26 with higher dividend payout of 10.5ct or higher As compared 8.5ct for FY25.
This is not good enough. ??

Let the numbers.do the talking... mkt is.fwd.looking


tangsookiam1947      ( Date: 01-May-2026 08:08) Posted:

which part of iFast is growth company? DBS and OCBC AUM are also growing rapidly...

msksmsks      ( Date: 30-Apr-2026 21:59) Posted:

AI findings...LOL

Are u implying our analysts are naive ?

Nevertheless, IFast is a growth Co..
current PE is still susceptible to go
down when earnings improve






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tangsookiam1947
Master
01-May-2026 08:15     
 
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 Alert Admin

From 2020 to 2025, DBS Group Holdings delivered a very strong and consistent expansion in wealth assets under management (AUM), growing from S$264 billion in 2020 to S$488 billion in 2025. (DBS Bank) This represents a ~1.85× increase over five years, translating to a compound annual growth rate (CAGR) of about 13% per annum. The growth trajectory was not linear&mdash AUM rose steadily in 2021 and 2022 despite market volatility, before accelerating sharply from 2023 onward as global markets recovered and net inflows strengthened. By 2024, AUM had already reached S$426 billion (up 17% YoY), before climbing further to S$488 billion in 2025 (about +19% YoY). (DBS Bank) Overall, this reflects a high-quality compounding engine, driven by sustained net new money inflows, strong positioning in Asia&rsquo s wealth growth corridors, and increasing client allocation into investment products&mdash effectively turning DBS into a large-scale, fee-generating wealth platform embedded within a traditional bank.

==

 

📊 CAGR (2020 &rarr 2025)

🟦 DBS Group Holdings

  • Start (2020): S$264bn
  • End (2025): S$488bn


👉 CAGR = ~13.1% per year

🟧 iFAST Corporation Ltd

  • Start (2020): S$14.45bn
  • End (2025): S$31.98bn


👉 CAGR = ~17.2% per year
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tangsookiam1947
Master
01-May-2026 08:08     
 
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 Alert Admin 		which part of iFast is growth company? DBS and OCBC AUM are also growing rapidly...

msksmsks      ( Date: 30-Apr-2026 21:59) Posted:

AI findings...LOL

Are u implying our analysts are naive ?

Nevertheless, IFast is a growth Co..
current PE is still susceptible to go
down when earnings improve





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msksmsks
Supreme
30-Apr-2026 21:59     
 
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 Alert Admin 		AI findings...LOL

Are u implying our analysts are naive ?

Nevertheless, IFast is a growth Co..
current PE is still susceptible to go
down when earnings improve




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tangsookiam1947
Master
30-Apr-2026 21:43     
 
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 Alert Admin

DBS and OCBC, despite being large local banks, have P/E ratios in the range of 13 to 15. Why, then, does iFAST Corporation trade at a P/E of around 25?

Both DBS Group and OCBC Bank benefit from strong NIM income, and their wealth management businesses help to cushion earnings when NIM margins decline. iFast does not have the same advantage, as iGB customer deposits are less than $2 billion, and growth has slowed from Q4 2025 through Q1 2026, remaining relatively modest.

If we exclude eMPF net income, iFast&rsquo s wealth management net profit is at most about $40 million per annum. Assigning a P/E of 20 to this segment implies a valuation of $800 million, or about $2.62 per share (based on 305 million shares).

For eMPF, assuming net income of $60 million and a P/E of 15, this gives a valuation of $900 million, or about $2.95 per share.

Putting both together:
  • Total valuation: $1.7 billion
  • Per share: approximately $5.57


This simple sum-of-parts suggests that a large part of iFast&rsquo s valuation hinges on the delivery of its eMPF growth and the scaling of its wealth management platform.
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msksmsks
Supreme
30-Apr-2026 19:18     
 
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 Alert Admin 		Isn't this kind of volatility is good

Up can make $$$
Down also can make ..

As long u hv the scripts...

No worries la...

Fundamentally strong but
technically weak....

Hv faith and ride thru it

Cheerz

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tongphlp
Supreme
30-Apr-2026 19:04     
 
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 Alert Admin 		up fast, down fast, that' s ifast

tangsookiam1947      ( Date: 30-Apr-2026 18:51) Posted:

look like real selling has just started? STI and DBS went up 1% today, but iFast dropped more than 1%..!!

msksmsks      ( Date: 29-Apr-2026 10:01) Posted:

Selling pressure easing ...

Abt time for it to reverse up

Letz C
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JurongW
Elite
30-Apr-2026 19:02     
 
JurongW About Contact  Quote this Post! Style: Combined   Mood: happy
Yells: "Earnings give weight, Chart give wings"
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 Alert Admin 		Chart structure remains unfavourable for now.
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tangsookiam1947
Master
30-Apr-2026 18:51     
 
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 Alert Admin 		look like real selling has just started? STI and DBS went up 1% today, but iFast dropped more than 1%..!!

msksmsks      ( Date: 29-Apr-2026 10:01) Posted:

Selling pressure easing ...

Abt time for it to reverse up

Letz C
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msksmsks
Supreme
29-Apr-2026 10:01     
 
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 Alert Admin 		Selling pressure easing ...

Abt time for it to reverse up

Letz C
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JurongW
Elite
28-Apr-2026 01:32     
 
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 Alert Admin 		Institutional investors have been selling IFAST shares, which explains the weakness in share price.
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tangsookiam1947
Master
27-Apr-2026 22:17     
 
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 Alert Admin 		luckily, SBB helped a bit, if not, will drop like mad ....dydd...

JurongW      ( Date: 27-Apr-2026 19:55) Posted:


SBB today - 100,000 shares bought at 8.91 to 8.95 ($893,423)
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JurongW
Elite
27-Apr-2026 19:55     
 
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 Alert Admin
SBB today - 100,000 shares bought at 8.91 to 8.95 ($893,423)
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msksmsks
Supreme
27-Apr-2026 08:32     
 
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 Alert Admin 		  IFast already mentioned tat in their AGM.     

IFast biz is still growing and projected healthy growth for FY26
and higher dividend payout as compared FY25

tangsookiam1947      ( Date: 26-Apr-2026 22:21) Posted:

Unlike local banks, which benefit from the Middle East war through net inflows from high-net-worth individuals, iFAST does not enjoy such benefits.

Nippon72      ( Date: 26-Apr-2026 11:15) Posted:

Always remember Trump is a businessman by dna, not a politician to begin with and definitely not a world class leader by any yardstick for world peace. His prata or taco antics is probably to create fear and for his cronies to benefit from the market chaos and volatility.
He will definitely not going to shoot himself or jeopardize his own business empire. 
And precisely of his such acts, slowly the world begins to realise we can survive without him or US.
China, ASEAN, Euro, Middleast markets can definitely make up the gap from US market albeit slowly. We can let US play himself. 
Any knee-jerk plunge provides an opportunity to nibble more.
Vested. 

 


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tangsookiam1947
Master
26-Apr-2026 22:21     
 
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 Alert Admin 		Unlike local banks, which benefit from the Middle East war through net inflows from high-net-worth individuals, iFAST does not enjoy such benefits.

Nippon72      ( Date: 26-Apr-2026 11:15) Posted:

Always remember Trump is a businessman by dna, not a politician to begin with and definitely not a world class leader by any yardstick for world peace. His prata or taco antics is probably to create fear and for his cronies to benefit from the market chaos and volatility.
He will definitely not going to shoot himself or jeopardize his own business empire. 
And precisely of his such acts, slowly the world begins to realise we can survive without him or US.
China, ASEAN, Euro, Middleast markets can definitely make up the gap from US market albeit slowly. We can let US play himself. 
Any knee-jerk plunge provides an opportunity to nibble more.
Vested. 

 

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Nippon72
Veteran
26-Apr-2026 11:15     
 
Nippon72 About Contact  Quote this Post! Style: Fundamental   Mood: cool
Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
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 Alert Admin 		Always remember Trump is a businessman by dna, not a politician to begin with and definitely not a world class leader by any yardstick for world peace. His prata or taco antics is probably to create fear and for his cronies to benefit from the market chaos and volatility.
He will definitely not going to shoot himself or jeopardize his own business empire. 
And precisely of his such acts, slowly the world begins to realise we can survive without him or US.
China, ASEAN, Euro, Middleast markets can definitely make up the gap from US market albeit slowly. We can let US play himself. 
Any knee-jerk plunge provides an opportunity to nibble more.
Vested. 

 
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