iFAST

A fee of 1 basis point out of the HK$344 billion AUM can translate into additional earnings of $5.8 million for iFast's FY2025

Despite negative market conditions, net inflows of iFast’s client assets remained healthy in 2022.

DBS and UOB's share prices could be headed lower providing long term investors an opportunity to accumulate

The new REIT IPO has failed to lift the SGX out of its doldrums, but the soon to be listed SPACs could revive interest.

The STI could find support at 3,040, and stage a temporary rebound. IFAST has gained strength relative to the index.

“iFAST’s share price has risen approximately 24% since the announcement of being shortlisted as 1 of 2 reported consortium finalists to digitise and centralise Hong Kong’s (HK) pension system (e-MPF) in Aug 20,” note CGS-CIMB analysts on Aug 28.

Singapore-listed financial services firm iFast Corp has reported record quarterly earnings for 2Q2020, as it collected higher recurring fees from a bigger pool of assets under administration.

Local fintech company and digital bank hopeful iFAST Corp is fast becoming a “beneficiary of digitalisation”, says DBS Group Research in a July 24 report. For 2Q2020, iFAST Corporation’s earnings surged 84.7% y-o-y to a record high of $4.53 million.

By The Edge Singapore

SINGAPORE (Apr 28): iFAST has reported a doubling of 1Q18 earnings to $2.8 million from $1.8 million a year ago on higher revenue.