iFast Corp wins nod to launch bond trading platform in Malaysia for retail investors
The Edge • 4 months ago
AIY.SI : Singapore Exchange
7.240
-0.69%
Share Price in SGD. As of 17:04:56 SGT
iFAST Corporation Ltd announced distribution per share (DPS) of S$0.01
25 Apr 2024 • Upcoming dividend
iFAST Corporation Ltd (AIY.SI) Share Price
Chart
Key stats
- 52-Week HighSGD 8.510
- 52-Week LowSGD 4.150
- Market CapSGD 2.2B
- Avg Volume1.1M
- P/E Ratio (TTM)55.69
- Forward Dividend Yield0.72%
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
Consensus Share Price Target
Price Target: $8.548
Sell
Underperform
Neutral
Outperform
Buy
Source: SGX as of 12 May 2024
Share Price Performance
| AIY.SI | Market
| |
|---|---|---|
| 1 Day | -0.28% | -0.05% |
| 5 Day | -2.69% | -0.38% |
| 1 Month | 7.10% | 3.36% |
| 6 Month | 0.42% | 5.92% |
| YTD | -11.71% | 1.88% |
| 1 Year | 27.92% | -2.47% |
| 5 Year | 546.43% | -0.30% |
Include dividend return
Beansprout Insights
Latest News
Latest dividend
- Dividend yield (TTM)
- 0.84%
- Last payment
- $0.013
- Last ex-Date
- 24/05/2024
By SGX as of 12 May 2024
See how much dividend you will receive in a year based on your investment amount
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.