Singapore, January 29, 2026, 15:05 (SGT) — Regular session
iFAST Corporation Ltd’s shares dropped 2.6% to close at S$10.60 on Thursday, while the Straits Times Index edged up 0.16%. Trading volume hit roughly 2.07 million shares, with prices fluctuating between S$10.53 and S$10.88.
iFAST has been on a tear, pushing its stock up 11.76% this month. It even hit S$11.06 recently, which makes it vulnerable to sharp pullbacks whenever sellers step in.
On Wednesday, it was revealed that Tembusu Capital Pte. Ltd.’s deemed stake in iFAST dipped slightly to 4.97% from 5.00%. This change followed CP Invest’s sale of 76,300 shares in a market deal on Jan. 26. The transaction netted CP Invest S$792,695.96, roughly S$10.39 per share. After the sale, Tembusu held 15,166,242 deemed shares. The percentage was based on a total of 304,684,519 iFAST shares, rounded down. Tembusu clarified it owns no direct iFAST shares; its deemed interest stems from holdings through Cuscaden (4.56%) and Fullerton (0.41%), both described as independently managed Temasek portfolio companies.
Filings like these often sway sentiment among Singapore’s mid-cap stocks. That’s mainly because crossing the 5% threshold triggers “substantial shareholder” disclosures, which tend to grab attention when they move up or down.
The decline comes after a volatile stretch: iFAST jumped 5.1% on Jan. 27, then slipped 0.7% the next day, ahead of Thursday’s fall.
Investors are now zeroing in on earnings. The key question: can the group maintain growth in client assets while expanding its platform and banking services amid a high-rate environment?
The sale noted in the filing was minor, often just part of routine portfolio adjustments rather than signaling a shift in outlook. However, if the stock continues to slide through earnings, momentum traders might pull back. A weak guidance update could open the door to a steeper decline.
iFAST announced it will publish its unaudited financial results for the year ending Dec. 31, 2025, after trading closes on Feb. 12. Traders are also on alert for potential follow-on shareholder disclosures in the sessions that follow.
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