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iFAST Corporation Ltd (SG:AIY)
SGX:AIY
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iFAST Corporation Ltd (AIY) AI Stock Analysis

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SG:AIY

iFAST Corporation Ltd

(SGX:AIY)

Rating:75Outperform
Price Target:
S$10.00
▲(13.90% Upside)
iFAST Corporation Ltd demonstrates strong financial performance with robust revenue growth and profitability, which significantly contributes to the overall score. The technical analysis supports a positive outlook with upward price trends and moderate momentum. However, the valuation suggests the stock may be overvalued, which slightly offsets the positive financial and technical indicators.
Positive Factors
Financial Performance
IFAST's 2Q25 PATMI of S$22m, a 38% increase, slightly beat expectations due to stronger contributions from HK ePension, iGB's turnaround, and steady core wealth management growth.
Shareholder Returns
A 33% higher interim dividend was declared, indicating a positive outlook on cash distribution to shareholders.
Negative Factors
Operational Risks
Operations are vulnerable to changes in laws and regulations as well as market sentiment.
Profit Guidance
IFAST lowered its 2025 profit before tax guidance for its Hong Kong operations due to resource ramp-up.

iFAST Corporation Ltd (AIY) vs. iShares MSCI Singapore ETF (EWS)

iFAST Corporation Ltd Business Overview & Revenue Model

Company DescriptioniFAST Corporation Ltd (AIY) is a Singapore-based investment holding company that operates in the financial services sector. The company provides an online platform for the distribution of unit trusts, bonds, and other financial products across various markets, including Singapore, Hong Kong, Malaysia, and China. iFAST's core services include the provision of investment products, research, and advisory services to financial advisors, financial institutions, and retail investors.
How the Company Makes MoneyiFAST Corporation Ltd generates revenue primarily through fees and commissions collected from the distribution of investment products. The company earns trailer fees from fund houses based on the assets under administration on its platform. Additionally, iFAST charges service fees for account maintenance and transactions, including subscription, redemption, and switching fees for the various financial products it offers. The company also benefits from platform fees charged to financial advisors and institutions using its infrastructure for their clients. Strategic partnerships with financial institutions and asset management companies enhance iFAST's product offerings and expand its market reach, contributing to its revenue growth.

iFAST Corporation Ltd Financial Statement Overview

Summary
iFAST Corporation Ltd is in a strong financial position with robust revenue growth, solid profitability, and efficient cash flow management. The company maintains a healthy balance sheet with moderate leverage and high return on equity. While the equity ratio could be improved, the company's financial health is well-positioned for future growth and stability.
Income Statement
85
Very Positive
iFAST Corporation Ltd has demonstrated strong revenue growth with a TTM increase of 6.98% and consistent profitability, as evidenced by a robust net profit margin of 19.12% and a gross profit margin of 57.17%. The EBIT and EBITDA margins are also strong at 34.58% and 42.10% respectively, indicating efficient operational management. The company has shown a positive growth trajectory over the years, with increasing revenue and profitability.
Balance Sheet
78
Positive
The company's balance sheet reflects a healthy financial position with a manageable debt-to-equity ratio of 0.43, indicating moderate leverage. The return on equity is impressive at 23.79%, showcasing effective utilization of shareholder funds. The equity ratio of 15.17% suggests a solid equity base relative to total assets, although there is room for improvement in asset management.
Cash Flow
82
Very Positive
iFAST Corporation Ltd exhibits strong cash flow performance with a significant free cash flow growth rate of 35.82% in the TTM period. The operating cash flow to net income ratio of 0.48 and a free cash flow to net income ratio of 0.97 indicate efficient cash generation relative to earnings. The company has consistently improved its cash flow metrics, supporting its operational and strategic initiatives.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue403.86M339.48M256.54M205.31M216.20M169.93M
Gross Profit230.88M155.78M110.85M115.42M113.22M85.86M
EBITDA170.03M143.24M47.53M37.94M54.08M37.98M
Net Income77.23M66.63M28.27M6.42M30.63M21.15M
Balance Sheet
Total Assets2.28B1.70B832.90M458.54M224.85M254.28M
Cash, Cash Equivalents and Short-Term Investments1.34B1.06B460.48M192.84M59.29M53.28M
Total Debt149.24M152.56M59.41M23.41M15.18M19.22M
Total Liabilities1.94B1.39B575.52M227.82M97.22M150.88M
Stockholders Equity346.21M316.79M250.20M222.49M128.65M104.11M
Cash Flow
Free Cash Flow808.36M645.66M251.62M32.39M26.97M29.34M
Operating Cash Flow834.41M671.28M273.45M47.40M46.53M41.56M
Investing Cash Flow-114.54M-465.37M-66.53M-16.61M-20.24M-10.50M
Financing Cash Flow-31.32M51.26M-1.85M90.91M-18.88M-19.18M

iFAST Corporation Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price8.78
Price Trends
50DMA
8.10
Positive
100DMA
7.30
Positive
200DMA
7.37
Positive
Market Momentum
MACD
0.08
Positive
RSI
54.87
Neutral
STOCH
75.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AIY, the sentiment is Positive. The current price of 8.78 is below the 20-day moving average (MA) of 8.89, above the 50-day MA of 8.10, and above the 200-day MA of 7.37, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 54.87 is Neutral, neither overbought nor oversold. The STOCH value of 75.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:AIY.

iFAST Corporation Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
S$2.65B33.7724.72%0.58%31.66%46.37%
61
Neutral
$35.55B8.88-11.05%1.87%8.55%-8.14%
S$468.00M16.3286.78%
S$103.54M262.50-12.31%
64
Neutral
S$317.24M32.587.60%0.32%47.45%51.05%
64
Neutral
S$492.06M37.753.50%0.87%22.66%83.49%
63
Neutral
S$606.47M15.599.11%1.84%11.57%0.89%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SG:AIY
iFAST Corporation Ltd
8.78
1.94
28.36%
SG:BBW
Azeus Systems Holdings Ltd.
15.57
6.19
65.99%
SG:BVQ
Procurri Corporation Limited
0.32
0.14
77.78%
SG:E28
Frencken Group Limited
1.42
0.27
23.48%
SG:JLB
Grand Venture Technology Limited
0.93
0.38
69.09%
SG:MZH
Nanofilm Technologies International Ltd.
0.76
-0.02
-2.56%

iFAST Corporation Ltd Corporate Events

iFAST Securities US Gains Direct Access to US Exchanges
May 29, 2025

iFAST Corporation Ltd’s US subsidiary, iFAST Securities US, has received approval to become a Participant of The Depository Trust Company and a Self-Clearing Member of the National Securities Clearing Corporation. This approval allows iFAST Securities US to gain direct access to US exchanges, enhancing the company’s operational efficiency and reducing costs by enabling internal custody of US securities.

The most recent analyst rating on (SG:AIY) stock is a Buy with a S$9.50 price target. To see the full list of analyst forecasts on iFAST Corporation Ltd stock, see the SG:AIY Stock Forecast page.

iFAST Corporation Ltd Conducts Annual General Meeting with Business Update
May 27, 2025

iFAST Corporation Ltd held its Annual General Meeting (AGM) on April 28, 2025, at the Sands Expo & Convention Centre in Singapore, with participation both physically and via live webcast. The meeting, chaired by Mr. Lim Chung Chun, included a business update presentation by Mr. Jean Paul Wong Tin Niam, and confirmed the presence of a quorum, allowing the AGM to proceed as planned.

The most recent analyst rating on (SG:AIY) stock is a Buy with a S$9.50 price target. To see the full list of analyst forecasts on iFAST Corporation Ltd stock, see the SG:AIY Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 20, 2025