Yesterday, 10:56 AM (This post was last modified: Yesterday, 10:57 AM by 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.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
(Yesterday, 10:56 AM)Curiousparty Wrote: 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.
similar....303 mil versus 245 mil...already counted for the no of shares when making the comparison.. tks for pointing out
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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!!
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
Yesterday, 12:10 PM (This post was last modified: Yesterday, 02:40 PM by 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.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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