iFAST Corporation Ltd

AIY.SI : Singapore Exchange

7.500

+5.49%

Share Price in SGD. As of 26 Jul 17:04:42 SGT

iFAST Corporation Ltd announced dividend per share (DPS) of S$0.02

25 Jul 2024 • Upcoming dividend

All

Chart

Key stats

52-Week High

SGD 8.510
52-Week Low

SGD 5.290
Market Cap

SGD 2.2B
Avg Volume

543K
P/E Ratio (TTM)

44.12
Forward Dividend Yield

0.8%

Share Price Performance

	AIY.SI	Market
1 Day	-0.53%	0.24%
5 Day	3.16%	-0.31%
1 Month	2.32%	2.84%
6 Month	-4.34%	8.45%
YTD	-8.54%	6.08%
1 Year	33.69%	6.50%
5 Year	635.29%	9.82%

Include dividend return

Beansprout Analysis

Market Analysis

Consensus Share Price Target

Price Target: $9.203

Sell

Underperform

Neutral

Outperform

Buy

Source: SGX as of 27 Jul 2024

Analyst Ratings

CGSI Research

23 Feb 2024

Hold

9.100

(prev 5.900)
DBS Research

27 Oct 2024

Hold

6.950

(prev 3.930)
UOB Kay Hian

23 Feb 2024

Hold

8.560

(prev 6.560)

Valuation

Price to earnings (P/E) ratio

Current P/E
23.4

Historical Average P/E
30.4

iFAST Corporation Ltd's current P/E ratio of 23.4x is lower than its historical average P/E ratio of 30.4x.

Price to book (P/B) ratio

Current P/B
8.9

Historical Average P/B
7

iFAST Corporation Ltd's current P/B ratio of 8.9x is higher than its historical average P/B ratio of 7x.

Earnings

Earnings Highlights

1st Quarter 2024 Results Summary

Revenue: SGD 85.96M

Increased 59% Year-on-Year

The increase in profitability was driven by contributions from the ePension division, as well as improvements in the Group's core wealth management platform business.
Net Profit: SGD 15M

Increased 287% Year-on-Year

The increase in profitability was driven by contributions from the ePension division, as well as improvements in the Group's core wealth management platform business.
Dividend Per Share: SGD 0.01

Increased 30% Year-on-Year
Outlook

On an overall basis and barring unforeseen circumstances, the Group expects 2024 to see robust growth rates in revenues and profitability compared to 2023.

Sources: iFAST Corporation Ltd Financial Report

Earnings per share (EPS)

The latest earnings per share is $0.09, which is higher than the earnings per share of $0.02 in 2022.

Financials

Financial Statements

25 Jul 2024	Second Quarter and/ or Half Yearly Results For period ending 30 Jun 2024
25 Apr 2024	First Quarter Results For period ending 31 Mar 2024
21 Feb 2024	Full Yearly Results For period ending 31 Dec 2023
25 Oct 2023	Third Quarter Results For period ending 30 Sep 2023

Annual Reports

03 Apr 2024

Annual Report

For period ending 31 Dec 2023

News

Profile

Company Description

iFAST is an Internet-based investment products distribution platform, with assets under administration of S$5.13 billion as at end-September 2014. Incorporated in year 2000 in Singapore, iFAST provides a comprehensive range of services, including investment administration and transactions services, research and trainings, IT services and backroom functions to banks, financial advisory firms, financial institutions, multinational companies, as well as investors in Asia. The Group is also present in Hong Kong, Malaysia and China. iFAST has two main business divisions, namely its Business-to-Consumer (B2C) website, Fundsupermart.com, targeted at DIY investors; and its Business-to-Business (B2B) platform that caters to the specialised needs of financial advisory (FA) companies, financial institutions and banks. As at end September 2014 and across the jurisdictions the Group operates, iFAST has over 115 distribution agreements with global fund houses offering over 1,800 investment products (including over 1,600 funds) on the platform across the different regions it operates in. Over 5,000 FA representatives and over 150 FA companies and financial institutions use the iFAST B2B platform.