Broker Name: KGI
Date of Report: (Date not specified in the document; inferred as FY2025 period)
Excerpt from KGI report.
Report Summary
- iFAST’s recurring fee growth is returning, driven by strong AUA (Assets Under Administration) and increased flows, boosted by platform share gains and improved risk asset quality.
- iFAST Global Bank has turned profitable, achieving its first full-year profit before tax in FY2025, which is expected to enhance valuation and reduce the conglomerate discount as the bank is now seen as a value contributor rather than a drag.
above is an excerpt from a report by KGI. Clients of KGI can be the first to access the full report from the KGI website : https://www.kgi.com.sg
