iFAST Corporation Ltd (AIY) AI Stock Analysis

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iFAST Corporation Ltd

(SGX:AIY)

Select Model

Rating:62Neutral

Price Target:SGD 8.50▲(10.25% Upside)

Action:reiterated

Date:10/29/26

The score is driven primarily by strong financial performance (fast growth and solid profitability), partially offset by weaker recent cash flow quality and increasing leverage. Technical indicators are notably bearish (below major moving averages with negative MACD), while valuation is fair with a moderate P/E and modest yield.

Positive Factors

Revenue GrowthExceptional top-line expansion indicates strong platform adoption and increasing business scale. If growth remains supported by client, account, and asset expansion, iFAST can broaden its recurring fee base and create operating leverage across its investment and wealth-management infrastructure.

Negative Factors

Rising LeverageHigher leverage increases financial risk and reduces flexibility if earnings or cash generation become more volatile. Although equity and assets have expanded, the faster increase in debt could raise financing costs and constrain future investment or capital allocation choices.

iFAST Corporation Ltd (AIY) vs. iShares MSCI Singapore ETF (EWS)

Market Cap: SGD 2.36B
Dividend Yield: 1.34%
Average Volume (3M): 957.18K
Price to Earnings (P/E): 18.8
Beta (1Y): 0.81
Revenue Growth: 35.49%
EPS Growth: 40.68%
Country: Singapore
Employees: 3,554
Sector: Technology
Sector Strength: 61
Industry: Software - Application

iFAST Corporation Ltd Business Overview & Revenue Model

Company Description

iFAST Corporation Ltd., founded in Singapore in 2000, offers investment products and services across Singapore, Hong Kong, Malaysia, and China. The company's operations are structured into Business-to-Business (B2B), Business-to-Consumer (B2C), and B...

How the Company Makes Money

iFAST makes money mainly by operating investment and wealth-platform services and earning recurring, transaction-linked, and service-based fees from assets and activity processed on its platforms. Key revenue streams typically include: (1) Platform a...

iFAST Corporation Ltd Financial Statement Overview

Summary

Strong income statement fundamentals (Income Statement Score 86) with rapid revenue growth and healthy profitability, but overall quality is tempered by weaker cash flow reliability (Cash Flow Score 58) and rising leverage (Balance Sheet Score 74).

Income Statement

86Very Positive

Balance Sheet

74Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	595.67M	445.32M	339.48M	256.54M	205.31M	216.20M
Gross Profit	291.92M	202.84M	155.78M	110.85M	115.42M	113.22M
EBITDA	231.26M	204.00M	143.24M	67.12M	32.77M	54.79M
Net Income	123.13M	100.01M	66.63M	28.27M	6.42M	30.63M
Balance Sheet
Total Assets	3.14B	2.43B	1.70B	832.90M	458.54M	224.85M
Cash, Cash Equivalents and Short-Term Investments	1.50B	1.38B	1.06B	460.48M	192.84M	59.29M
Total Debt	294.91M	209.61M	152.56M	59.41M	23.41M	15.18M
Total Liabilities	2.67B	2.03B	1.39B	575.52M	227.82M	97.22M
Stockholders Equity	465.59M	397.99M	316.79M	250.20M	222.49M	128.65M
Cash Flow
Free Cash Flow	125.28M	520.58M	645.66M	251.62M	32.39M	26.97M
Operating Cash Flow	153.48M	551.73M	671.28M	273.45M	47.40M	46.53M
Investing Cash Flow	-190.89M	-415.75M	-465.37M	-66.53M	-16.61M	-20.24M
Financing Cash Flow	74.83M	-40.00M	51.26M	-1.85M	90.91M	-18.88M

iFAST Corporation Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price7.71

Price Trends

50DMA8.48Negative

100DMA8.76Negative

200DMA8.97Negative

Market Momentum

MACD-0.17Negative

RSI32.35Neutral

STOCH15.72Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:AIY, the sentiment is Negative. The current price of 7.71 is below the 20-day moving average (MA) of 8.00, below the 50-day MA of 8.48, and below the 200-day MA of 8.97, indicating a bearish trend. The MACD of -0.17 indicates Negative momentum. The RSI at 32.35 is Neutral, neither overbought nor oversold. The STOCH value of 15.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:AIY.

iFAST Corporation Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

SG:AIY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SG:BBW	79Outperform	SGD 291.00M	13.02	57.45%	7.32%	-5.54%	-22.51%
SG:AIY	62Neutral	SGD 2.36B	18.80	28.38%	1.34%	35.49%	40.68%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SG:TVV	40Underperform	SGD 8.89M	-2.71	214.12%	―	―	―

* Technology Sector Average

Performance Comparison

SG:AIY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SG:AIY	iFAST Corporation Ltd	7.71	-1.85	-19.36%
SG:TVV	OxPay Financial Limited	0.03	-0.03	-51.85%
SG:BBW	Azeus Systems Holdings Ltd.	9.70	-4.70	-32.62%
SG:HBBD	Alibaba Group Holding Ltd UnSp Singapore Depositary Receipt Repr 1/5 Sh	3.16	-2.28	-41.93%
SG:HTCD	Tencent Holdings Ltd UnSp Singapore Depositary Receipt Repr 1/10 Sh	6.24	-4.18	-40.10%
SG:HBUD	Baidu, Inc. Shs UnSp Singapore Depositary Receipt Repr 1/10 Sh	1.24	-0.89	-41.78%

iFAST Corporation Ltd Corporate Events

iFAST debuts first SGX-listed ETFs in tie-up with Xtrackers

Oct 1, 2026

iFAST Corporation Ltd, a Singapore-headquartered digital banking and wealth management platform with a broad fintech ecosystem across several markets, has grown its assets under administration to S$36.13 billion and offers extensive access to funds,...

iFAST clinches Singapore Corporate Awards risk management honour as it scales global fintech platform

Sep 22, 2026

iFAST Corporation Ltd, a Singapore-headquartered digital banking and wealth management platform, has grown into a large-cap fintech player with a broad multi-market presence. It connects investors and product providers through an extensive online eco...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026

iFAST Corporation Ltd AI Stock Analysis

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