iFAST (SGX:AIY) ended last week at S$9.55. Here’s what moved the stock, fresh news, analyst targets, and key catalysts to watch next week.
As of Sunday, 14 December 2025, Singapore markets are closed for the weekend—so the latest reference point for iFAST Corporation Ltd (SGX:AIY) is Friday’s close (12 Dec 2025). iFAST ended the session at S$9.55, up S$0.02 (+0.21%), after trading between S$9.51 and S$9.62 on the day. [1]
Over the past week, iFAST has shown renewed upward momentum. From 5 Dec (close: S$9.18) to 12 Dec (close: S$9.55), the stock gained roughly 4%—with a noticeable acceleration mid-week, including a higher-volume jump on 10 Dec. [2]
Below is a detailed look at what happened this week, what’s in the news right now, where analyst forecasts sit, and what investors will likely be watching into the week ahead.
iFAST share price this week: what the tape is saying
Latest close (12 Dec 2025): S$9.55
1-week range: S$9.08 – S$9.62
52-week range: S$6.02 – S$9.99 [3]
A few points stood out in last week’s trading:
- A mid-week “impulse” move: iFAST climbed sharply on 10 Dec, closing at S$9.57 (+2.90%) with volume of about 2.0 million shares, significantly above the volumes seen on surrounding days. [4]
- Price holding near the top of recent ranges: With a 3-month price range of S$8.63 to S$9.99, the stock is still trading relatively close to its recent highs—suggesting investors remain willing to price iFAST as a growth financial platform rather than a slow-and-steady broker. [5]
There were no new SGX company filings from iFAST in the past few days (the latest listed SGX items on major trackers date back to October). So last week’s upward move looks less like “reacting to a single corporate announcement” and more like positioning around sector narratives, market sentiment, and forward expectations. [6]
Latest iFAST news in the past few days
Even without a fresh earnings release this week, iFAST has been in the headlines—mostly via market-structure developments in Singapore and product/marketing pushes from iFAST Global Bank in the UK.
1) Singapore’s custody model shake-up: potential tailwind for broker/platform activity (12 Dec)
A key local market story: Singapore is moving toward revamping its equities post-trade “custody model.” In commentary reported by The Edge Singapore, iFAST’s Singapore CEO said that more than 90% of iFAST’s SGX trades and volume are already executed through custody accounts, highlighting how iFAST’s operating model aligns with the direction of travel. The report also points to a consultation paper expected in 1Q2026. [7]
Why this matters for iFAST stock: custody/account infrastructure is a “plumbing change,” but plumbing changes can alter friction, onboarding, and investor participation. If reforms reduce barriers and modernise the experience, digital-first platforms can benefit disproportionately—especially those already optimized for custody-style flows.
2) iFAST Global Bank pushes higher-interest current account + cashback promo (2–8 Dec)
iFAST’s UK banking arm has been running a very consumer-friendly headline: a multi-currency current account offering 2.9% AER on GBP balances plus 1.5% cashback on eligible card spending (promo through 31 Dec 2025, per the company announcement). [8]
A separate UK personal finance site also covered the cashback campaign and explicitly labeled it sponsored content—still useful context, but worth treating as marketing rather than independent analysis. [9]
Why this matters for iFAST stock: iFAST Global Bank is one of the group’s most closely watched growth engines. Higher rates/cashback promos are fundamentally about deposit gathering and customer activity, which can support net interest income and fee lines—though the trade-off is the cost of promotions.
3) Market commentary keeps iFAST in the conversation (early Dec)
iFAST was also referenced in broader Singapore market pieces, including an article discussing how share buybacks could influence the Straits Times Index and commentary mentioning iFAST in that context. [10]
Separately, The Edge Singapore covered DBS Group Research’s index outlook (including projections for the Straits Times Index), a reminder that sentiment toward Singapore equities into 2026 remains a live theme for domestic growth names. [11]
What iFAST actually does: the business drivers behind the stock
If you strip away the ticker tape drama, iFAST is essentially a multi-engine platform company:
- Wealth management platform serving both:
- B2C (FSMOne), targeted at DIY investors, and
- B2B, serving financial advisory firms, institutions, and banks
- iFAST Global Bank (UK licensed bank)
- iFAST ePension (pension administration and white-labelled solutions)
As of 30 Sep 2025, iFAST reported assets under administration (AUA) of S$30.62 billion, with B2C AUA of S$10.67 billion and B2B AUA of S$19.95 billion; it also stated it supports over 27,400 investment products across funds, bonds, SGS, equities, ETFs and more. [12]
The stock’s medium-term direction usually comes down to three big variables:
- AUA levels and net inflows (more assets → more recurring platform fees)
- Transaction activity (volatile, but can spike during busy markets)
- Bank profitability trajectory (the “second act” growth story)
iFAST Global Bank: the profitability narrative investors keep circling
iFAST’s own 9M2025 materials highlight a bank segment that has moved from “investment phase” toward a more credible earnings contributor:
- 3Q2025 gross revenue:S$21.90m, up 57.8% YoY
- 9M2025 gross revenue:S$62.54m, up 79.8% YoY (vs S$34.79m in 9M2024)
- 3Q2025 net profit:S$0.31m (vs a loss in 3Q2024)
- 9M2025 net profit:S$2.01m (vs a loss of S$4.67m in 9M2024)
- Customer deposits: up 92.7% YoY to S$1.55b as at 30 Sep 2025
- Management stated the bank is expected to achieve a full year of profitability in 2025 [13]
That last line—“full year profitability”—is the kind of sentence growth investors staple to their wall like a motivational poster. Whether it lands cleanly (and how sustainable it looks) can influence valuation multiples.
Now layer in the December promo headlines (interest + cashback). Those initiatives line up with the deposit-growth story, but they also raise the obvious investor question: how “sticky” are promo-driven deposits, and what is the unit economics after cashback/FX/card costs? The market will likely look for evidence of durable customer behavior rather than one-off campaign spikes. [14]
Analyst forecasts and price targets: where expectations sit right now
“Forecasts” are messy in the real world—different models, different assumptions, different incentives. But the range of targets can still tell you where professional expectations are clustered.
Consensus-style target range (independent aggregators)
Fintel shows an average one-year price target of S$11.70, with forecasts ranging from S$10.60 (low) to S$12.60 (high), with the dataset record dated 5 Dec 2025. [15]
Named broker targets reported through MarketScreener
MarketScreener lists several bank/broker updates from late October, including (among others):
- DBS: target S$12.00 (kept at Buy, per the feed)
- Maybank: initiated at Buy, target S$11.95
- CGS International: target S$11.70 (kept at Add)
- UOB Kay Hian: target S$11.12 (kept at Buy)
- Aletheia Capital: target S$11.50 (kept at Buy) [16]
Even allowing for time lag (late Oct isn’t “yesterday”), that cluster is interesting: multiple shops are broadly living in the ~S$11–12 neighborhood.
Growth expectations
Simply Wall St (drawing on analyst consensus inputs) summarizes iFAST as forecast to grow:
- Earnings: ~21.4% per year
- Revenue: ~17.1% per year
- EPS: ~22.7% per year
- Forecast ROE: ~23.7% in 3 years
(“Last updated” noted as 3 Dec 2025 on the page.) [17]
Valuation snapshot (context, not a verdict)
Fintel’s dashboard also frames iFAST around a trailing P/E of ~33.5, price-to-book ~7.8, and a dividend yield ~0.62% (with beta shown around 0.55). [18]
Those numbers basically scream: “The market is paying for growth, not yield.” That can be great in a rising-confidence environment—and painful if growth expectations wobble.
The week ahead: key catalysts and what investors may watch (15–19 Dec 2025)
With no fresh iFAST earnings drop scheduled in the next few days (at least based on the latest readily available public trackers), next week is likely to be driven by themes rather than a single iFAST headline. [19]
Here are the most relevant ones:
1) Any follow-through on Singapore’s custody model reform narrative
This is a slow-burn story, but markets often start pricing “slow-burn” changes early—especially if they’re seen as structurally supportive for broker/platform engagement.
Investors may watch for:
- More industry commentary,
- Clarity on timelines, and
- Signs of how reforms could affect investor participation and trading activity. [20]
2) Year-end flow dynamics and activity levels
For iFAST, markets up + investors active is usually a friend; markets down + investors frozen is usually not.
Into year-end, flows can be influenced by:
- Portfolio rebalancing,
- Bonus-season allocations (varies by region),
- Risk-on/risk-off shifts from global macro headlines.
Even without a company announcement, the stock can move simply because investors re-rate platform names based on market tone.
3) iFAST Global Bank momentum into promo deadlines
The cashback promotion runs through 31 Dec 2025, and the current account interest is variable. So next week’s watch items are less about one “event” and more about whether investors see the UK bank pushing into a stronger customer acquisition phase (positive) or leaning too hard on incentives (requires scrutiny). [21]
4) Capital management: buybacks as an “optional lever”
iFAST has used share buybacks in 2025 (example: an SGX daily share buy-back notice shows purchases under its mandate). While not a day-to-day driver, the presence of an active mandate can sometimes provide downside “narrative support,” especially when markets get jumpy. [22]
Risks worth keeping on the radar
No stock write-up is complete without the universe’s favorite hobby: unpredictability.
Key risks that can matter for iFAST’s valuation quickly:
- Market drawdowns: AUA-linked businesses feel it twice—asset values fall, and clients often trade less.
- Competition and fee pressure: Wealth platforms are in a constant arms race on pricing and product range.
- Bank execution risk: Growing deposits and sustaining profitability is great; doing so without overpaying for deposits or taking hidden balance-sheet risks is the real test. [23]
- Regulatory/market-structure shifts: Custody model reforms could be positive, neutral, or operationally complex depending on implementation details. [24]
Bottom line on iFAST stock today (14 Dec 2025)
iFAST enters the new week with:
- A strong weekly gain (~4%) and price holding near the upper end of recent ranges, [25]
- Fresh headlines tied to Singapore market-structure reforms (where iFAST appears operationally aligned), [26]
- Continued visibility for iFAST Global Bank via UK product pushes, while the underlying financial story remains centered on deposit growth and profitability trajectory, [27]
- A fairly consistent set of analyst targets clustering around the S$11–12 region (depending on source), suggesting the Street still frames iFAST as a growth platform with upside—if execution holds. [28]
From here, the stock’s “week-ahead” direction is likely to hinge less on a single iFAST announcement and more on market sentiment, trading activity, and whether investors keep leaning into the “platform + bank profitability” narrative.
References
1. www.ifastcorp.com, 2. stockanalysis.com, 3. sginvestors.io, 4. stockanalysis.com, 5. sginvestors.io, 6. sginvestors.io, 7. www.theedgesingapore.com, 8. markets.ft.com, 9. moneyfactscompare.co.uk, 10. www.theedgesingapore.com, 11. www.theedgesingapore.com, 12. www.ifastcorp.com, 13. www.ifastcorp.com, 14. markets.ft.com, 15. fintel.io, 16. www.marketscreener.com, 17. simplywall.st, 18. fintel.io, 19. sginvestors.io, 20. www.theedgesingapore.com, 21. markets.ft.com, 22. www.ifastcorp.com, 23. www.ifastcorp.com, 24. www.theedgesingapore.com, 25. stockanalysis.com, 26. www.theedgesingapore.com, 27. markets.ft.com, 28. fintel.io
