Should I buy iFAST stock in 2025?

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At HelloSafe, our expert has been monitoring iFAST's performance for over three years. Every month, hundreds of thousands of people in Singapore rely on us to interpret market trends and highlight the top investment opportunities. Our analyses are provided strictly for informational purposes and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by iFAST.

What is iFAST?

How much is iFAST stock?

The price of iFAST stock is rising this week. As of May 9, 2025, the current share price is SGD 6.32, representing a gain of 1.61% (+0.10) in the past 24 hours, though down about 1.27% over the week. The company holds a market capitalisation of SGD 1.88 billion, with an average 3-month trading volume of approximately 1.4 million shares daily.

iFAST trades at a price/earnings (P/E) ratio of 26.85 and offers a dividend yield of 0.94%. With a beta indicating moderate volatility, investors should note that while the recent rebound is encouraging, the stock’s technical trend remains cautious in the near term.

Our full analysis on iFAST stock

We have scrutinized iFAST Corporation’s latest financial results alongside the stock’s three-year trajectory, leveraging a comprehensive approach that fuses in-depth analysis of financial metrics, technical indicators, competitive positioning, and market context through our proprietary algorithms. The convergence of strong operational data and evolving sector dynamics prompts constructive debate around iFAST’s positioning within Southeast Asia’s high-growth digital financial services landscape. So, why might iFAST stock once again become a strategic entry point into the digital banking and wealth management sector in 2025?

Recent Performance and Market Context

Resilient Market Positioning Amid Volatility

iFAST (SGX: AIY) has demonstrated remarkable resilience and adaptability in the face of shifting market conditions. As of May 9, 2025, shares trade at SGD 6.32, corresponding to a market capitalisation of SGD 1.88 billion—demonstrating ongoing investor interest despite a challenging macro environment. While the stock has retraced from its 52-week high of SGD 8.83, marking a 14.71% drop year-on-year, the downside appears contained given the well-established support corridor around SGD 6.09–6.21.

Recent events have injected fresh optimism into the company’s outlook. The group delivered a record SGD 25.68 billion in Assets Under Administration (AUA), surging 22.0% year-on-year. This, coupled with strong net inflows (+36.4% YoY in Q1 2025), illustrates continued demand for iFAST’s platform across Asia. Notably, the profitable turnaround of iFAST Global Bank with two consecutive quarters in the black, and the resilience of the Hong Kong segment, underscore management’s executional strength.

This performance comes amid a favorable sectoral backdrop. Singapore’s status as a fintech hub, combined with Southeast Asia’s rapid digitalisation and ongoing reforms in wealth management regulation, sets the stage for robust growth in assets, users, and transaction volume. With Singapore’s GDP growth stabilising and interest rates looking to plateau, financials stand to benefit from renewed risk appetite.

Technical Analysis

Bullish Reversal Potential as Accumulation Builds

iFAST’s technical profile currently exhibits signs that may attract investors seeking value and reversal plays. The Relative Strength Index (RSI, 14-period) stands at 39.78, firmly in the neutral zone—neither overbought nor oversold—hinting at the possibility of price stabilisation and early accumulation phases. While the MACD (-0.22) suggests lingering bearishness, the Stochastic RSI Fast at 14.27 signals a possible buy opportunity, especially as the stock flirts with key support levels.

It is significant that the stock is trading below its 20-, 50-, 100-, and 200-day moving averages (latest price: SGD 6.32 vs 20DMA: SGD 6.54, 50DMA: SGD 7.14, 200DMA: SGD 7.33). This technical low, combined with formidable supports at SGD 6.20 and SGD 6.09, could present an exceptional set-up for medium- to long-term investors, should renewed buying momentum drive a close above the SGD 6.35 resistance. The price action appears to be coiling for a pivot, with risk/reward becoming increasingly attractive at these oversold levels.

• Key Technical Takeaways:
• Support zones: SGD 6.21, SGD 6.20, SGD 6.09
• Immediate Resistance: SGD 6.35, secondary at SGD 7.23
• Favorable risk/reward: Early reversal signals emerging as volume builds at technical support

Fundamental Analysis

Structural Growth Underscores Attractive Valuation

• Q1 2025 revenue: SGD 106.92 million (+24.4% YoY)
• Net profit: SGD 19.04 million (+31.2% YoY)
• AUA: SGD 25.68 billion (+22.0% YoY)

These figures not only signal robust organic growth, but also highlight efficient execution in capturing expanding market share across multiple regions—Singapore, Hong Kong, Malaysia, and China all reporting double-digit AUA increases.

Most compelling is the valuation context. Despite a trailing P/E of 26.85, the forward P/E drops to 18.80 as earnings momentum builds. Crucially, the PEG ratio sits at 0.74, indicating that growth is being priced attractively relative to expectations—historically a strong buy-side signal for growth investors. The price-to-sales ratio (4.66) is justified given iFAST’s scalable technology platform and proven ability to translate AUA expansion into recurring revenues.

Dividend growth (21.57% YoY) remains a major bright spot, with a low payout ratio (23.87%) ensuring ongoing capital reinvestment and underscoring management’s confidence in cashflow durability. The recent interim dividend announcement and ex-date (May 26, 2025) may also offer a near-term catalyst for yield-focused investors.

iFAST’s innovative edge—bolstered by its proprietary digital banking solutions, expansion into next-generation pension tech (ePension), and early-mover advantage in emerging Asian markets—amplifies its appeal. The bank’s transition to profitability, combined with high recurring revenue, positions iFAST as a platform company, capable of leveraging its brand and market share into sustainable long-term returns.

Volume and Liquidity

Sustained Volume Indicates Institutional Confidence

iFAST’s liquidity dynamics are favorable. The average daily trading volume (20-day) stands at 1,414,355 shares, a figure that speaks to both institutional and retail participation. Insider and institutional ownership, at 28.46% and 22.92% respectively, suggest continued alignment between management, core stakeholders, and long-term investors.

The public float of ~185 million shares, combined with robust volume at key support, means the stock’s price is less susceptible to erratic spikes, and more likely to respond smoothly to fundamental developments or momentum reversals. In practice, this float profile provides the stock with a dynamic valuation base: as fundamentals improve, market depth should allow for meaningful price appreciation without liquidity bottlenecks.

Catalysts and Positive Outlook

Multiple Near- and Medium-Term Catalysts Poised to Drive Growth

• iFAST Global Bank’s profit breakthrough – two consecutive quarters of profitability suggest that its banking operation is reaching commercial viability. If trends persist, a full year of profitability in 2025 appears within reach, further strengthening group margins and investor confidence.
• ePension Division onboarding – as Hong Kong’s eMPF platform comes online and ORSO pensions start contributing, management anticipates higher revenue and profitability in H2 2025. The pivot to scalable pension tech is set to position iFAST as the backbone of a large, recurring fee stream.
• Regional expansion – recent plans to enter Thailand, coupled with double-digit growth in Malaysia and China, offer new geographic runway and cross-selling synergies.
• Technology and product innovation – iFAST’s continual product range deepening supports higher wallet share, customer stickiness, and cross-platform monetisation.
• Dividend growth – regular increases and a clear commitment to returning capital to shareholders reinforce a positive feedback loop between management execution and market trust.

On a sectoral level, Asia’s digital banking regulatory opening, growing middle-class wealth, and digital adoption all create tailwinds. Singapore’s robust financial services regulation, coupled with support for innovation and regional expansion, bodes well for market leaders such as iFAST.

Investment Strategies

Ideal Entry Points for Short-, Medium-, and Long-Term Investors

• Short-term: Technical lows, solidifying support at SGD 6.20/6.09, and imminent ex-dividend date offer tactical trading opportunities, particularly if volume and momentum turn higher.
• Medium-term: Next quarters should see sequential revenue/profit uplift as ePension and banking initiatives scale; price below fair value on forward multiples and PEG, and potential for sentiment-driven mean reversion.
• Long-term: iFAST’s plan to quadruple AUA by 2028–2030 lays out a compelling road map for value creation. Execution on digital banking and regional expansion strategies could translate into exponential EPS and dividend growth. For investors with long investment horizons, these current levels may provide an advantageous accumulation window.

• Arguments for Entry:
• Valuation has reset after a period of exuberance, bringing the stock to attractive growth-adjusted levels.
• Technical indicators and support levels suggest downside may be limited versus upside potential should a reversal emerge.
• Ongoing innovation, sectoral tailwinds, and an ambitious but credible management team set up a narrative of multi-year, compounding growth.

Is it the Right Time to Buy iFAST?

Summary of Key Strengths

• Record AUA and powerful net inflows across all markets signal platform resilience and investor trust.
• Banking division profitability, accelerating recurring fee revenue, and sector-leading dividend growth.
• Attractive forward valuation metrics (P/E, P/S, PEG) underscore significant upside as earnings momentum outpaces past growth rates.
• Robust liquidity and an engaged ownership base foster healthy price discovery, supporting higher valuations as catalysts materialise.
• Product innovation, geographic expansion, and a new business pipeline (ePension, digital banking, Thailand) position iFAST as a fintech leader for the next market cycle.

While short-term technicals reflect the aftermath of profit-taking and near-term investment in new initiatives, the stock’s fundamentals, sectoral tailwinds, and innovation credentials combine to justify renewed buy-side interest. In my view, iFAST seems to represent an excellent opportunity for investors seeking exposure to Asia’s digital financial transformation, with the potential for a new bullish phase as strategic execution delivers sequential improvements in earnings and cash flow. For those with conviction in the long-term secular story of digital wealth management and banking, current technical support and emerging positive catalysts may well mark this as a strategic moment to accumulate.

Ultimately, iFAST stands poised at the intersection of fintech innovation and capital market opportunity—offering an attractive avenue for investors ready to participate in Asia’s next wave of digital wealth creation.

How to buy iFAST stock in Singapore?

Buying iFAST stock online is straightforward and secure for investors in Singapore when using a regulated brokerage. You can choose between two main methods: traditional spot buying (owning actual shares) and trading Contracts for Difference (CFDs) for leveraged exposure. Spot buying is ideal for long-term investors seeking direct ownership, while CFDs allow for more flexible trading strategies, including leverage and the possibility to profit in both rising and falling markets. Your choice depends on your investment goals. To make an informed decision, it’s important to compare broker fees, commissions, and features – see our detailed broker comparison further down the page.

Spot buying

Cash purchase of iFAST stock means you directly buy and own shares of iFAST Corporation Ltd (SGX: AIY) through the Singapore Exchange. This is best for investors who want to participate in potential price appreciation and receive dividends. Typically, Singaporean brokers charge a fixed commission per transaction, often around SGD 5, plus a small clearing fee.

Example

Suppose the current iFAST share price is SGD 6.32. With a SGD 1,000 investment, you can buy around 157 shares (SGD 1,000 / SGD 6.32 ≈ 158, but accounting for a SGD 5 commission and fees, you end up with about 157 shares).

✔️ Gain scenario: If the share price rises by 10%, your shares are now worth SGD 1,100.

Result: +SGD 100 gross gain, or +10% on your investment.

Trading via CFD

CFD trading allows you to speculate on iFAST’s share price movements without owning the underlying shares. CFDs (Contracts for Difference) are popular among active traders and offer features such as leverage (amplifying both gains and losses) and the ability to go long or short. Instead of a stock commission, you pay the “spread” (the difference between buy and sell prices), and additional overnight financing fees if you hold positions beyond a day.

Example

You open a CFD position on iFAST with a SGD 1,000 margin and use 5x leverage, giving you market exposure of SGD 5,000.

✔️ Gain scenario: If iFAST’s price rises by 8%, the total gain on your position would be 8% × 5 = 40%.

Result: +SGD 400 gain, based on a SGD 1,000 deposit (excluding spread and financing fees).

Final advice

Before investing, it’s essential to compare each broker’s costs, trading platforms, and account requirements to find the option that fits your needs. Whether you choose spot buying for long-term investment or CFD trading for flexibility and leverage, your approach should align with your financial goals, experience, and risk tolerance. Consult our broker comparison further down the page to identify the most suitable platform for your strategy.

Our 7 tips for buying iFAST stock

The latest news about iFAST

iFAST achieves record AUA of SGD 25.68 billion in Q1 2025, led by Singapore segment growth. Total assets under administration rose 22.0% year-on-year, reaching a new high and highlighting persistent demand for the group’s wealth management platform, particularly in Singapore, where AUA grew 18.6% YoY and net revenue was up 11.6%. This robust performance in the home market demonstrates continued traction with both institutional and retail investors, underscoring iFAST’s entrenched position in Singapore’s digital wealth ecosystem.

Strong Q1 2025 financials: Revenue up 24.4% YoY and net profit up 31.2% YoY. The Q1 2025 financial results showed the company generating SGD 106.92 million in revenue and SGD 19.04 million in net profit, reinforcing iFAST’s ability to convert top-line growth into profitability. The outsized net profit growth relative to revenue signals improved operational leverage and cost discipline. These strong results are positive indicators for Singapore-based investors, reflecting both healthy demand and effective cost management at the group and local levels.

Dividend growth remains robust with interim dividend announced; yield supported by payout ratio under 25%. Reflecting management’s confidence and commitment to shareholder returns, iFAST announced an interim Q1 dividend of SGD 0.016 per share, with the next ex-dividend date on May 26, 2025. The annual dividend yield stands at 0.94%, up 21.57% year-on-year. The payout ratio remains conservative at 23.87%, which not only supports near-term yield but also preserves the company’s capacity to reinvest in growth initiatives in Singapore and the region.

iFAST Global Bank and ePension initiatives signal expansion in recurring and diversified revenue streams. The group’s UK digital bank has turned a profit for the second straight quarter, while revenue in the Hong Kong ePension division is set to accelerate later in 2025 as eMPF onboarding progresses. These developments broaden iFAST’s business mix and lend further resilience to group earnings. Notably, Singapore-based stakeholders benefit from the enhanced stability and growth potential these diversified, cross-border initiatives provide.

Technical signals mixed, but the stock has formed a potential pivot bottom near key support. While iFAST’s share price remains below all major moving averages and technical indicators show prevailing weakness, short-term momentum has improved, and the stock is now close to key support levels between SGD 6.09 and SGD 6.21. With neutral RSI and a buy signal from the Stochastic RSI Fast, a technical rebound is possible should buying volume increase, potentially presenting an attractive entry point for local investors monitoring for a trend reversal.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.