iFAST share price at Mount Everest!

The view from the top of the mountain must be surreal. iFAST share price captured the imagination of Singapore investors yet again as the counter smashed to a record high of $10.40 in recent days. For the past one year, iFAST share price has surged by an incredible 42%.

Question now is whether iFAST share price is at the cusp of a rally or have reached the peak of Mount Everest. Investors could be forgiven for being sceptical at the sustainability of iFAST share price as the counter has enjoyed similar run in 2020 – 2021 period, only to crash spectacularly within a year. There are certainly similarities between the past and current rallies. And then, there are also things that have changed that could define whether iFAST share price could continue charging forward to hit a new high of $20.

For background, iFAST Corp is a global digital banking and wealth management platform, with assets under administration (AUA) of $20.0 billion. Incorporated in the year 2000 in Singapore, iFAST Corp is also present in Hong Kong, Malaysia, China and UK. The Group offers access to over 27,400 investment products including unit trusts (“funds”), bonds and Singapore Government Securities (“SGS”), stocks and exchange traded funds (“ETFs”), and insurance products. It also provides services such as wealth management solutions, banking services, research and investment seminars, Fintech solutions, pension administration and investment administration and transaction services to financial advisory (“FA”) firms, financial institutions, banks, Fintech and Internet companies, as well as retail customers and high net worth (“HNW”) investors.

Let’s put things into perspective. The key catalyst for iFAST share price back in 2020 was due to the Hong Kong ePension project. Investors has bought into iFAST shares on the basis that the project would be a massive game-changer. Back then, iFAST had made bold forecasts that the profit before tax (PBT) from the ePension project would be HK$250 million in 2024 and HK$500 million in 2025.

Fast forward 5 years later, the PBT from the ePension project amounted to HK$308 million in 2024. The management had lowered the PBT forecast for 2025 to be HK$380 million. Despite missing the original target for 2025, the Hong Kong ePension project has indeed fulfilled its potential and transformed the fortune of iFAST.

On the other hand, the key factors for causing the fall of iFAST share price was the acquisition of a UK Bank – BFC Bank – in January 2021 for $73.3 million. To support the acquisition of BFC bank, the Group issued 14 million placement shares at $7.50 to raise $105 million. Following the shares placement, iFAST share price bombed out to a low of $6.13 on 28 January 2021.

iFAST share price gunning for $10?

iFAST share price in explosive return!

iFAST share price to hit $20?

The successive failures to win digital bank licenses from both Singapore and Malaysia had played a part in knocking the wind out of iFAST share price, which plummeted to around $3.54 in October 2022. The counter was given another around of hit in 2022 when one-time estimated impairment allowance of $5.2 million from its exit of iFAST India Holdings Pte Ltd (“iFAST India Holdings”). Consequently, net profit for 2022 to plunge to $5.4 million from $30.4 million in 2021, causing iFAST share price to be sluggish till 2023.

Interestingly, the revival of iFAST share price since 2025 coincided with MAS’ launch of the $5 billion Equity Market Development Programme. In this article, I will share my insights on the outlook for iFAST share price in 2026.Note that this is an opinion article and not meant to be a financial advice. Please do your due diligence or engage financial advisors before investing in the stock market. Furthermore, I am not vested and have never invested in iFAST before. Whether iFAST share price will surge or collapse has no impact on me. Thus, this article is not meant to induce readers to make any form of investment decisions.

iFAST share price on the cusp?

It is no secret that iFAST is trying its best to diversify its business and reinvent the wheel. Obviously, the company is preparing for the day when Singapore starts [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

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