After iFAST’s record-strong performance for 4QFY2025 where net profit rose 8% y-o-y to $32.9 million, Ling Lee Keng expects the momentum will continue with 2026 a “strong” year for the company. With record revenue and growth in assets under administration (AUA) for the quarter, Lim is sanguine that AUA will continue to grow with “healthy” net inflows and “progressive monetisation” of pension mandates.
Despite announcing a strong performance for FY2025 with higher revenue and profits on Feb 12, shares in iFAST Corporation declined on Feb 13.
While the market may be relatively pessimistic, DBS Group Research remains confident in iFAST. In a research note issued on Feb 12, DBS is reaffirming its “buy” rating for iFAST Corporation at an unchanged target price of $12.
