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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
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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.
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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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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:
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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
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:
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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
which part of iFast is growth company? DBS and OCBC AUM are also growing rapidly...
msksmsks ( Date: 30-Apr-2026 21:59) Posted:
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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
Are u implying our analysts are naive ?
Nevertheless, IFast is a growth Co..
current PE is still susceptible to go
down when earnings improve
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.
Isn't this kind of volatility is good
Up can make $$$
Down also can make ..
As long u hv the scripts...
No worries la...
Fundamentally strong but
technically weak....
Hv faith and ride thru it
Cheerz
Up can make $$$
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
up fast, down fast, that' s ifast
tangsookiam1947 ( Date: 30-Apr-2026 18:51) Posted:
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Chart structure remains unfavourable for now.
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:
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Selling pressure easing ...
Abt time for it to reverse up
Letz C
Abt time for it to reverse up
Letz C
Institutional investors have been selling IFAST shares, which explains the weakness in share price.
luckily, SBB helped a bit, if not, will drop like mad ....dydd...
JurongW ( Date: 27-Apr-2026 19:55) Posted:
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SBB today - 100,000 shares bought at 8.91 to 8.95 ($893,423)
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
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:
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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:
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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.
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.
yes, most if not all affected. Just by how much extent..
tonytony ( Date: 26-Apr-2026 10:46) Posted:
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Agree most companies will be affected by the ME war , not just ifast .
msksmsks ( Date: 26-Apr-2026 10:18) Posted:
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