Singapore, Jan 12, 2026, 15:37 SGT — Regular session
- iFAST shares edged up slightly during afternoon trading, tracking gains in the broader local market.
- Focus now turns to iFAST’s full-year results, set for release next month.
- Investors continue to digest the group’s move to acquire a minority stake in Financial Alliance Corporation.
iFAST Corporation Ltd shares gained 0.5% to hit S$9.57 by mid-afternoon Monday, trading within a range of S$9.53 to S$9.75 earlier in the session. Volume stood around 1.06 million shares, valuing the wealth platform operator at about S$2.9 billion.
The stock has resurfaced on traders’ radars ahead of iFAST’s release of unaudited results for the year ending Dec. 31, 2025, scheduled after market close on Feb. 12, the company announced. This marks one of the earliest firm dates investors can latch onto following the year-end reset.
iFAST operates a digital banking and wealth management platform, reporting S$30.62 billion in assets under administration as of Sept. 30, 2025 — a crucial metric reflecting client funds and holdings on its platform, important for its fee-based revenue. The company also runs wealth management services, a digital bank, and an ePension unit, it stated.
Last week, the company announced a conditional deal to acquire a 30% stake in Financial Alliance Corporation Limited for S$19.575 million in cash. This values the stake at roughly 16 times FY2025 earnings and 12 times FY2026 earnings — based on the price-to-earnings ratio, a standard valuation metric. iFAST plans to finance the purchase through a combination of internal funds and external debt. The deal still needs green lights from regulators including the Monetary Authority of Singapore, Bank Negara Malaysia, and the Securities Commission Malaysia. The company said the acquisition won’t significantly affect FY2026 earnings per share but expects it to boost both earnings and EPS over time.
In a separate statement on the deal, iFAST chairman and group CEO Lim Chung Chun said the group is eager to back FACORP “in its journey” toward a possible listing. FACORP CEO and co-founder Vincent Ee added that the new stake “sets the foundation” for what lies ahead. SGX Links
The broader Straits Times Index rose 0.7% on Monday, supporting a steady tone among Singapore-listed financial stocks despite selective trading activity.
For iFAST, the key questions center on timing and specifics. Investors have seen the headline figures on the Financial Alliance stake, but details on when regulatory approvals will arrive remain scarce. It’s also unclear how soon the partnership will translate into revenue or what the funding structure will look like once borrowing costs are considered.
The acquisition is conditional, and approvals might drag longer than investors anticipate. That delay would push back a near-term catalyst. Plus, borrowing to finance the deal could squeeze financial flexibility if market conditions shift.
Mark your calendar for Feb. 12. That’s when iFAST will drop its unaudited full-year results after the market closes. Investors will be watching closely to gauge momentum heading into 2026 and to catch any updates from management on the Financial Alliance timeline.
