Citing Mordor Intelligence, Apac's wealth management market, valued at US$27.6 trillion in assets under management in 2025, is seen to grow to US$41.8 trillion by 2031.
Syahril Hanafiah of RHB Bank Singapore has initiated coverage of iFast Corp with a "buy" call and $12.20 target price, with a view that this company is a key beneficiary of the growing Asia-Pacific wealth management market.
"Earnings growth is braced by the scaling up of iFast Global Bank (iGB), stable recurring income from the ePension division, and its well-established wealth management platform business," says Hanafiah.
