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Aletheia Capital reiterates ‘buy’ on iFAST following the latest partnership with Financial Alliance

Teo Zheng Long
Teo Zheng Long • 2 min read
Aletheia Capital reiterates ‘buy’ on iFAST following the latest partnership with Financial Alliance
From Tiruchelvam’s perspective, he sees this partnership as a long-term distribution option, not a near-term earnings event. Photo: Albert Chua/ The Edge Singapore
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Aletheia Capital analyst Nirgunan Tiruchelvam is keeping his “buy” recommendation on iFAST (SGX:AIY) following the recent announcement of a strategic partnership with Finance Alliance.

According to Tiruchelvam’s report on Jan 15, he predicts that this partnership should accelerate iFAST’s FY2026-2028 AUA growth by around 5% per annum and drive mid-single-digit upside to revenue and EBITDA on operating leverage.

“Key drivers for the incremental tailwinds from this partnership includes access to a larger adviser/distribution network, faster client onboarding and conversion via a more scalable acquisition channel, and improved stickiness from recurring, adviser-led platform flows,” says the analyst.

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