IFAST    Last:8.91    -0.12

up and coming

Weak holders been flushed out.

Awaits the reversal to resume uptrend 

 

Ifast bull is taking a break today. Must not break support at 20EMA ($9) for uptrend to continue.

msksmsks      ( Date: 30-Mar-2026 09:37) Posted: STI is very resilient despite US mkt woes. IFast wl gradually recover the gap down  Foreign funds wl come in fm Middle East conflict which wl benefit IFast Looking fwd to $10 once uptrend resume

 

 

STI is very resilient despite US mkt woes.

IFast wl gradually recover the gap down 

Foreign funds wl come in fm Middle East conflict
which wl benefit IFast

Looking fwd to $10 once uptrend resume

 

 

Fm price actions, The shorts are trying hard to depress 
the price .  However encounter some keen buyers support

KGI been issuing  consecutively last few days for Buy call while
RHB issued buy call last fri with TP $12.2

Once futures recovered fm early decline , IFast wl resume
its uptrend with shorts covering their positions 

Letz C

 

chil chill

tangsookiam1947      ( Date: 29-Mar-2026 21:56) Posted: if CP invest has already dumped all of its holdings of iFast, when iFast rebounds, it is likely to be very FAST and FURIOUS !!!! dydd

 

if CP invest has already dumped all of its holdings of iFast, when iFast rebounds, it is likely to be very FAST and FURIOUS !!!! dydd

 

&ldquo I always like to use a simple example. When iFAST was trading at $1 pre-COVID &mdash or even $0.70 during the crisis &mdash could any technical chartist have predicted it would surge to $10 and beyond? Most charts would just be screaming &lsquo RSI overbought&rsquo &hellip and that&rsquo s about it.

And once iFAST reclaims $11 and moves towards $12, many chartists might as well flush their charts down the toilet&hellip hahaha.&rdquo

msksmsks      ( Date: 29-Mar-2026 18:57) Posted: IFast is still a growth Co for the next few years. Valuation is 27X PE (Fwd 21X) which is not demanding given its growth in earnings/revenue . The Co's strong AUA growth, Epension momentum and digital bank profitability are driving factors. With the Middle East conflicts still on gg, opined IFast wl achieve better result for its wealth mgmt svcs with its collaboration with financial institutions and product providers. Once they are able to deliver, I foresee Analysts wl upgrade further with higher TP. Fundamentally, for IFast to reach $12 is achievable and looking fwd beyond tat lvl . Letz C

 

IFast is still a growth Co for the next few years.

Valuation is 27X PE (Fwd 21X) which is not demanding
given its growth in earnings/revenue .

The Co's strong AUA growth, Epension momentum and digital bank profitability are driving factors.

With the Middle East conflicts still on gg, opined IFast wl achieve better result for its wealth mgmt svcs with its collaboration with financial institutions and product providers.

Once they are able to deliver, I foresee Analysts wl
upgrade further with higher TP.

Fundamentally, for IFast to reach $12 is achievable and looking fwd beyond tat lvl .

Letz C

 

once ifast cross $11 and move towards $12, many chartists have to flush away their technical charts away into toilet bowls.... hahaha.... DYDD pls...

JurongW      ( Date: 29-Mar-2026 15:53) Posted: msksmsks      ( Date: 29-Mar-2026 15:48) Posted: If IFast can hit $12-13, I already super duper happy liao least mentioned abv tat range But nothing is impossible as Middle East conflicts may change the investment landscape. Nvr say nvr as funds are fleeing fm there . Cheers

 

msksmsks      ( Date: 29-Mar-2026 15:48) Posted: If IFast can hit $12-13, I already super duper happy liao least mentioned abv tat range But nothing is impossible as Middle East conflicts may change the investment landscape. Nvr say nvr as funds are fleeing fm there . Cheers JurongW      ( Date: 29-Mar-2026 14:14) Posted: I ask co-pilot the possibilty of Ifast and OCBC doubling their share price and this is the reply: iFAST is currently trading around S$9.22&ndash S$10.40, and while some bullish investors speculate it could eventually reach S$20, that target would require sustained earnings growth, successful execution of government-related projects, and continued investor confidence. Analysts remain cautious, noting past sharp rallies followed by crashes. 📊 Current Share Price & Performance Latest price (Mar 2026): ~S$9.22 (Investing.com) Recent high: S$10.40 (Feb 2026) 1-year gain: ~42% 🔎 Factors That Could Push Toward S$20 Government contracts: iFAST won a major mandate to operate Singapore&rsquo s Central Provident Fund (CPF) investment platform, which could drive recurring revenue. Regional expansion: Growth in Hong Kong and Malaysia adds diversification. Digital wealth management trend: Rising demand for online platforms supports long-term growth. Investor sentiment: Strong momentum and institutional interest could fuel speculative runs. ⚠ ️ Risks & Challenges Valuation stretch: At ~S$10, iFAST trades at a premium relative to its NAV and earnings multiples. Historical precedent: Similar rallies in 2020&ndash 2021 ended with a sharp crash within a year. Execution risk: Scaling government projects and overseas expansion requires heavy investment missteps could erode margins. Market volatility: Global fintech valuations fluctuate with interest rates and investor appetite. 📈 Scenario Table: Path to S$20 Scenario Key Drivers Likelihood Bull Case (S$20) Strong CPF platform adoption, double-digit revenue growth, regional expansion success Moderate but requires flawless execution Base Case (S$10&ndash 12) Stable growth, government project contributes steadily, but valuation caps upside High Bear Case (< S$8) Execution missteps, fintech sector correction, investor sentiment reversal Moderate ✅ Takeaway Yes, iFAST could reach S$20, but only under a bullish growth scenario with strong execution and continued investor enthusiasm. More likely range in near term: S$10&ndash 12, unless new catalysts (earnings surprises, expansion wins) emerge. Caution: Past rallies show that sharp gains can reverse quickly, so risk management is key. OCBC is currently trading just below S$20, and while S$40 is theoretically possible, it would require a doubling of its market value from record highs. Analysts see strong fundamentals in wealth management and dividends, but S$40 is not a realistic near‑ term target given current valuations and interest rate trends. 📊 Current Price & Performance Latest price (Dec 2025): ~S$19.91, near all‑ time highs Recent record: S$18.97 intraday high on 3 Dec 2025 Long‑ term history: OCBC has never traded anywhere close to S$40 its highest end‑ of‑ day price was ~S$19.9 in 2025&ndash 2026 🔎 What Would Be Needed for S$40 Doubling earnings power: OCBC would need to grow profits significantly, likely through regional expansion and wealth management dominance. Interest rate environment: Rising rates boost net interest margins, but current cooling rate cycles limit upside. Dividend growth: Investors prize OCBC&rsquo s dividend yield a major increase could support higher valuations. Market sentiment: A broad rally in Singapore banks, similar to DBS&rsquo s past surges, would be required. ⚠ ️ Risks & Constraints Valuation ceiling: At ~S$20, OCBC already trades near record highs doubling to S$40 would imply a P/E multiple far above peers. Competition: DBS and UOB remain strong competitors in wealth and lending. Macro headwinds: Slower global growth and lower rates could cap earnings momentum. 📈 Scenario Table: OCBC Price Outlook Scenario Drivers Price Potential Bull Case Strong wealth franchise growth, higher dividends, regional expansion S$22&ndash 25 Base Case Stable earnings, moderate dividend growth S$18&ndash 21 Bear Case Margin compression, weaker economy S$15&ndash 17 Extreme Bull (S$40) Requires doubling profits + market re‑ rating Very unlikely ✅ Takeaway OCBC reaching S$40 is highly improbable in the foreseeable future. The bank&rsquo s fundamentals are strong, and modest upside toward S$22&ndash 25 is possible, but a doubling from current highs would require extraordinary growth and market re‑ rating.

 

If IFast can hit $12-13, I already super duper
happy liao least mentioned abv tat range

But nothing is impossible as Middle East conflicts
may change the investment landscape. Nvr say
nvr as funds are fleeing fm there .

Cheers

JurongW      ( Date: 29-Mar-2026 14:14) Posted: I ask co-pilot the possibilty of Ifast and OCBC doubling their share price and this is the reply: iFAST is currently trading around S$9.22&ndash S$10.40, and while some bullish investors speculate it could eventually reach S$20, that target would require sustained earnings growth, successful execution of government-related projects, and continued investor confidence. Analysts remain cautious, noting past sharp rallies followed by crashes. 📊 Current Share Price & Performance Latest price (Mar 2026): ~S$9.22 (Investing.com) Recent high: S$10.40 (Feb 2026) 1-year gain: ~42% 🔎 Factors That Could Push Toward S$20 Government contracts: iFAST won a major mandate to operate Singapore&rsquo s Central Provident Fund (CPF) investment platform, which could drive recurring revenue. Regional expansion: Growth in Hong Kong and Malaysia adds diversification. Digital wealth management trend: Rising demand for online platforms supports long-term growth. Investor sentiment: Strong momentum and institutional interest could fuel speculative runs. ⚠ ️ Risks & Challenges Valuation stretch: At ~S$10, iFAST trades at a premium relative to its NAV and earnings multiples. Historical precedent: Similar rallies in 2020&ndash 2021 ended with a sharp crash within a year. Execution risk: Scaling government projects and overseas expansion requires heavy investment missteps could erode margins. Market volatility: Global fintech valuations fluctuate with interest rates and investor appetite. 📈 Scenario Table: Path to S$20 Scenario Key Drivers Likelihood Bull Case (S$20) Strong CPF platform adoption, double-digit revenue growth, regional expansion success Moderate but requires flawless execution Base Case (S$10&ndash 12) Stable growth, government project contributes steadily, but valuation caps upside High Bear Case (< S$8) Execution missteps, fintech sector correction, investor sentiment reversal Moderate ✅ Takeaway Yes, iFAST could reach S$20, but only under a bullish growth scenario with strong execution and continued investor enthusiasm. More likely range in near term: S$10&ndash 12, unless new catalysts (earnings surprises, expansion wins) emerge. Caution: Past rallies show that sharp gains can reverse quickly, so risk management is key. OCBC is currently trading just below S$20, and while S$40 is theoretically possible, it would require a doubling of its market value from record highs. Analysts see strong fundamentals in wealth management and dividends, but S$40 is not a realistic near‑ term target given current valuations and interest rate trends. 📊 Current Price & Performance Latest price (Dec 2025): ~S$19.91, near all‑ time highs Recent record: S$18.97 intraday high on 3 Dec 2025 Long‑ term history: OCBC has never traded anywhere close to S$40 its highest end‑ of‑ day price was ~S$19.9 in 2025&ndash 2026 🔎 What Would Be Needed for S$40 Doubling earnings power: OCBC would need to grow profits significantly, likely through regional expansion and wealth management dominance. Interest rate environment: Rising rates boost net interest margins, but current cooling rate cycles limit upside. Dividend growth: Investors prize OCBC&rsquo s dividend yield a major increase could support higher valuations. Market sentiment: A broad rally in Singapore banks, similar to DBS&rsquo s past surges, would be required. ⚠ ️ Risks & Constraints Valuation ceiling: At ~S$20, OCBC already trades near record highs doubling to S$40 would imply a P/E multiple far above peers. Competition: DBS and UOB remain strong competitors in wealth and lending. Macro headwinds: Slower global growth and lower rates could cap earnings momentum. 📈 Scenario Table: OCBC Price Outlook Scenario Drivers Price Potential Bull Case Strong wealth franchise growth, higher dividends, regional expansion S$22&ndash 25 Base Case Stable earnings, moderate dividend growth S$18&ndash 21 Bear Case Margin compression, weaker economy S$15&ndash 17 Extreme Bull (S$40) Requires doubling profits + market re‑ rating Very unlikely ✅ Takeaway OCBC reaching S$40 is highly improbable in the foreseeable future. The bank&rsquo s fundamentals are strong, and modest upside toward S$22&ndash 25 is possible, but a doubling from current highs would require extraordinary growth and market re‑ rating.

 

I ask co-pilot the possibilty of Ifast and OCBC doubling their share price and this is the reply:

iFAST is currently trading around S$9.22&ndash S$10.40, and while some bullish investors speculate it could eventually reach S$20, that target would require sustained earnings growth, successful execution of government-related projects, and continued investor confidence. Analysts remain cautious, noting past sharp rallies followed by crashes.

---

📊 Current Share Price & Performance

• Latest price (Mar 2026): ~S$9.22 (Investing.com)
• Recent high: S$10.40 (Feb 2026)
• 1-year gain: ~42%

---

🔎 Factors That Could Push Toward S$20

• Government contracts: iFAST won a major mandate to operate Singapore&rsquo s Central Provident Fund (CPF) investment platform, which could drive recurring revenue.
• Regional expansion: Growth in Hong Kong and Malaysia adds diversification.
• Digital wealth management trend: Rising demand for online platforms supports long-term growth.
• Investor sentiment: Strong momentum and institutional interest could fuel speculative runs.

---

⚠ ️ Risks & Challenges

• Valuation stretch: At ~S$10, iFAST trades at a premium relative to its NAV and earnings multiples.
• Historical precedent: Similar rallies in 2020&ndash 2021 ended with a sharp crash within a year.
• Execution risk: Scaling government projects and overseas expansion requires heavy investment missteps could erode margins.
• Market volatility: Global fintech valuations fluctuate with interest rates and investor appetite.

---

📈 Scenario Table: Path to S$20

Scenario	Key Drivers	Likelihood
Bull Case (S$20)	Strong CPF platform adoption, double-digit revenue growth, regional expansion success	Moderate but requires flawless execution
Base Case (S$10&ndash 12)	Stable growth, government project contributes steadily, but valuation caps upside	High
Bear Case (< S$8)	Execution missteps, fintech sector correction, investor sentiment reversal	Moderate

---

✅ Takeaway

• Yes, iFAST could reach S$20, but only under a bullish growth scenario with strong execution and continued investor enthusiasm.
• More likely range in near term: S$10&ndash 12, unless new catalysts (earnings surprises, expansion wins) emerge.
• Caution: Past rallies show that sharp gains can reverse quickly, so risk management is key.

OCBC is currently trading just below S$20, and while S$40 is theoretically possible, it would require a doubling of its market value from record highs. Analysts see strong fundamentals in wealth management and dividends, but S$40 is not a realistic near‑ term target given current valuations and interest rate trends.

---

📊 Current Price & Performance

• Latest price (Dec 2025): ~S$19.91, near all‑ time highs
• Recent record: S$18.97 intraday high on 3 Dec 2025
• Long‑ term history: OCBC has never traded anywhere close to S$40 its highest end‑ of‑ day price was ~S$19.9 in 2025&ndash 2026

---

🔎 What Would Be Needed for S$40

• Doubling earnings power: OCBC would need to grow profits significantly, likely through regional expansion and wealth management dominance.
• Interest rate environment: Rising rates boost net interest margins, but current cooling rate cycles limit upside.
• Dividend growth: Investors prize OCBC&rsquo s dividend yield a major increase could support higher valuations.
• Market sentiment: A broad rally in Singapore banks, similar to DBS&rsquo s past surges, would be required.

---

⚠ ️ Risks & Constraints

• Valuation ceiling: At ~S$20, OCBC already trades near record highs doubling to S$40 would imply a P/E multiple far above peers.
• Competition: DBS and UOB remain strong competitors in wealth and lending.
• Macro headwinds: Slower global growth and lower rates could cap earnings momentum.

---

📈 Scenario Table: OCBC Price Outlook

Scenario	Drivers	Price Potential
Bull Case	Strong wealth franchise growth, higher dividends, regional expansion	S$22&ndash 25
Base Case	Stable earnings, moderate dividend growth	S$18&ndash 21
Bear Case	Margin compression, weaker economy	S$15&ndash 17
Extreme Bull (S$40)	Requires doubling profits + market re‑ rating	Very unlikely

---

✅ Takeaway

OCBC reaching S$40 is highly improbable in the foreseeable future. The bank&rsquo s fundamentals are strong, and modest upside toward S$22&ndash 25 is possible, but a doubling from current highs would require extraordinary growth and market re‑ rating.

 

 

If Creative can once reach $60 a share, DBS at $50++, why not IFAST? As long IFAST grows its AUA steadily overseas, perform well in HK & UK operations, many more markets will allow them in. I would say to ride on the current positive sentiments with Malaysia, IFAST should expand further into the Malaysian market.   

As long IFAST remains SteadFAST and keep to its core competency, to be the next mini OCBC equivalent is very possible (price wise)!

Vested

JurongW      ( Date: 28-Mar-2026 20:07) Posted: When ifast reach 20, will SGX also double to 40? MrBear12      ( Date: 28-Mar-2026 19:51) Posted: IFast is a buy, but need to wait for it to rise towards 20. But this is a fast growing industry. May it capture the growth here.

 

That will make the price of SGXfast more than 100 dollars.

But that will not happen, conflicts of interest.

Keep finance companies separate from the exchange and regulator!

JurongW      ( Date: 28-Mar-2026 20:50) Posted: Maybe SGX merge with Ifast to become SGXfast ? MrBear12      ( Date: 28-Mar-2026 20:25) Posted: no. ..... SGX is not growing that fast. unless it becomes SGXfast.

 

Maybe SGX merge with Ifast to become SGXfast ?

MrBear12      ( Date: 28-Mar-2026 20:25) Posted: no. ..... SGX is not growing that fast. unless it becomes SGXfast. JurongW      ( Date: 28-Mar-2026 20:07) Posted: When ifast reach 20, will SGX also double to 40?

 

no. .....

SGX is not growing that fast.

unless it becomes SGXfast.

JurongW      ( Date: 28-Mar-2026 20:07) Posted: When ifast reach 20, will SGX also double to 40? MrBear12      ( Date: 28-Mar-2026 19:51) Posted: IFast is a buy, but need to wait for it to rise towards 20. But this is a fast growing industry. May it capture the growth here.

 

When ifast reach 20, will SGX also double to 40?

MrBear12      ( Date: 28-Mar-2026 19:51) Posted: IFast is a buy, but need to wait for it to rise towards 20. But this is a fast growing industry. May it capture the growth here.

 

IFast is a buy, but need to wait for it to rise towards 20.

But this is a fast growing industry.

May it capture the growth here.

 

I don know how to attach the file so I juz copy and paste the contents here. I'm sori if the alignment is out.

? Initiate coverage with a BUY and SGD12.20 TP, 37% upside. iFAST Corp is a wealth management and digital banking firm, and we see this group a key
beneficiary of the growing Asia-Pacific (APAC) wealth management market.

Earnings growth is braced by the scaling up of iFAST Global Bank (iGB), stable recurring income from the ePension division, and its well-established wealth
management platform business. Against this backdrop, we forecast a 3-year core earnings CAGR of 19%.

? Beneficiary of APAC?s growing wealth management market. The region?s wealth management market was valued at USD27.6trn in assets under management (AUM) in 2025 and, according to Mordor Intelligence, is
expected to grow to USD41.8trn by 2031 from USD29.6trn in 2026. This represents a CAGR of 7.2%, underpinned by sustained urbanisation and rising standards of living across emerging markets. Considering iFAST?s asset-light
model, we believe group?s PBT margins will further expand as business scales up, which we estimate at c.39-42% over the forecast horizon ? this is as assets
under administration (AUA) is set to grow at a 3-year CAGR of 22%.

? Room for growth for the digital banking arm. Recent profitability achieved by iGB, iFAST's UK-based digital bank, marks the group?s next phase of growth.
Deposits surged 55% YoY to SGD1.57bn in FY25, and we forecast the uptrend to continue. This deposit base expansion is translating into higher net revenue,
thanks to the group?s strategy to redeploy deposits into short-duration sovereign bonds and investment-grade corporate bonds. We believe iFAST?s digital banking arm will continue to see deposit growth over the forecast
horizon, which we estimate a 3-year CAGR of 23%, supported by new customers and increased contributions from existing depositors. We also estimate iGB?s net revenue to grow 28%, 25%, and 16% in FY26-28, while PBT
expands at a 3-year CAGR of 56%.

? ePension division continues to make strides. For iFAST?s Hong Kong division, we are guiding PBT margins accretion to 43-45% in FY26-28, mainly on higher contributions from the better-margin electronic Mandatory Provident Fund
(eMPF) business, which we expect to hover around 46-49%. Conversely, AUA- linked contributions are expected to grow at a 3-year CAGR of 42%, supported steady growth from the wealth management platform and meaningful contributions from the Occupational Retirement Scheme
Ordinance (ORSO) segment.

? Forecasting 3-year (FY26-28) net core earnings CAGR of 19%. We forecast healthy core earnings growth of 23%, 18%, and 15% in FY26-28 on higher contributions from wherever iFAST operates. This is further supported by
increasing operating leverage on scalability of its wealth management platform and digital banking businesses, as revenue is set to grow at a 3-year CAGR of 15%. Key risks include earnings dependence on AUA, regulatory
risks, and exposure to FX currencies.

Source: Company data, RHB

tangsookiam1947      ( Date: 28-Mar-2026 15:48) Posted: grateful if you could share the RHB report on iFast. tks. msksmsks      ( Date: 28-Mar-2026 13:40) Posted: I'll opened a bottle of Dom Perignon for u Be my guest. Apart rubbing in glee.