Broker Name: DBS

Date of Report: (Date not specified in the provided content; inferred to be post-September 2025 based on data references)

Excerpt from DBS report.

Report Summary:

• iFAST is acquiring a 30% stake in Financial Alliance Corp (FACORP), a leading Singapore-based financial advisory firm and long-term partner, for SGD19.6 million in cash as part of its strategy to capitalise on the growth of the wealth management industry.
• This acquisition supports iFAST’s target to increase its assets under administration (AUA) to SGD100 billion by 2028–2030, enhances strategic collaboration, and positions both companies for potential future growth, including a possible listing of FACORP in the next 2–3 years, with DBS maintaining a BUY rating and SGD12.00 target price.

Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com