iFAST

[Curiousparty]

Is iFast the Next Netwealth?

iFast has been quietly building momentum, pulling in S$1.3 billion of net inflows this quarter. At S$7.50 a share and a market cap of S$2.27B, it feels like the early days of Netwealth – now worth A$8.9B with A$3–4B inflows per quarter and a share price above A$36. If iFast can scale its inflows to S$3–4B per quarter, its share price could realistically jump into the S$26–30 range. Its new China pension services arm only strengthens this outlook. At today’s price, S$7.50 might just be the warm-up lap.

[weijian]

Is iFast the Next Netwealth?

iFast has been quietly building momentum, pulling in S$1.3 billion of net inflows this quarter. At S$7.50 a share and a market cap of S$2.27B, it feels like the early days of Netwealth – now worth A$8.9B with A$3–4B inflows per quarter and a share price above A$36. If iFast can scale its inflows to S$3–4B per quarter, its share price could realistically jump into the S$26–30 range. Its new China pension services arm only strengthens this outlook. At today’s price, S$7.50 might just be the warm-up lap.

Please let us know if the no. of outstanding shares for Netwealth and iFAST are similar/same, before you make this association.

[Curiousparty]

similar....303 mil versus 245 mil...already counted for the no of shares when making the comparison.. tks for pointing out

[Curiousparty]

details..

Netwealth’s Playbook
Netwealth (ASX: NWL) has become the benchmark for wealth-tech platforms in the region. With quarterly net inflows in the A$3–4 billion range, it now commands a market cap of A$8.9 billion, backed by 245 million shares and a share price of ~A$36.
Its valuation multiple—~7.9 bps of AUA (A$113 billion)—is a function of scale, recurring revenues, and investor confidence in its compounding growth story.

The iFast Upside Scenario
If iFast’s inflows continue to build momentum, crossing S$3–4 billion per quarter, its AUA could expand to S$100 billion or more over the next few years. Using Netwealth’s current market-cap-to-AUA ratio as a yardstick:

Market Cap = S$100B × 0.00079 = S$7.9B

Share Price = S$7.9B ÷ 303M ≈ S$26/share.

In a bull case, where iFast earns a premium multiple similar to Netwealth at its peak (0.09–0.10%), the implied share price could reach S$30–33.

[Curiousparty]

The best thing about iFast is its more global outlook compared to Netwealth. It has strong bases in Hong Kong, Singapore, the UK, and China, giving it a broader platform for growth. Pension in China is next up!!

[Curiousparty]

Did anyone notice that when iFast went public in 2014, its net inflow was only S$500 million (about S$125 million per quarter)? Today, it has ballooned to S$1.3 billion per quarter – a growth of nearly 10 times over the past decade.

[Curiousparty]

https://www.investingnote.com/posts/2965613

Sky’s the Limit for iFAST Global Bank – A Vision Unfolding

In iFAST Corporation’s latest results briefing, Executive Chairman and CEO Lim Chung Chun delivered a bold yet grounded vision: “If we can make $1 billion a year from the bank in my lifetime, that’s something worth shooting for.” 

This isn’t just ambition—it reflects a deep belief in the transformative potential of iFAST Global Bank (iGB).

Unlike traditional banks that grow city by city, iGB is being built as a truly borderless digital bank. Its model taps into underserved segments globally—from SMEs struggling with account access, to mass affluent investors seeking cross-border solutions. With growing traction in the UK and rapid deposit growth (+124% YoY to $1.45B), iGB is already delivering proof points.

But what makes the vision credible is the foundation: iFAST’s cash-generative wealth platform, rising return on equity, and a scalable tech backbone enhanced by AI. The bank’s ability to offer multilingual 24/7 support, combine fee and interest income, and ride the shift toward digital banking positions it for exponential upside.

The “sky is the limit” isn’t a slogan—it’s a strategy. And with three straight quarters of profit and strong regulatory footing, iGB may just become one of Singapore’s next financial giants.

[Musicwhiz]

Just in:  iFAST Pay Malaysia Expands into Regulated Payment Services, Advancing Innovation in Integrated Wealth and Payments

iFAST Corporation Ltd. (“iFAST Corp” and together with its subsidiaries, the “Group”) is pleased to announce that its Malaysia-incorporated subsidiary, iFAST Pay Malaysia Sdn Bhd (“iFAST Pay Malaysia”), has received approval-in-principle from Bank Negara Malaysia to operate as an Electronic Money (E-Money) Issuer and to hold a Money Services Business (MSB) Class A licence. 

The Group’s vision is to build a seamlessly connected digital banking and wealth management ecosystem that empowers customers to invest and save effortlessly, grow their wealth with confidence, and spend it anywhere in the world, all within one integrated platform.

[Read the rest of the announcement in the attached]

My view: This is a good addition to the suite of services offered by iFAST Malaysia and further strengthen's the company's ecosystem.

(Vested)