- Asia's wealth boom fuels iFAST (SGX:AIY)'s projected 30% annual AUA growth, based on S$100bn AUA target by 2028-30.
- Digital bank a valuation catalyst, a fully integrated global ecosystem drives significant value.
- - Read this at SGinvestors.io -
Riding Asia's wealth wave.
Huge potential for wealth management business; iFAST’s current AUA only accounts for a small share.
- The total addressable market (TAM) for wealth management platforms in Singapore is substantial and projected to grow significantly in the coming years. As of 2023, Singapore's wealth management sector recorded over 10% y-o-y growth in assets under management (AUM) to S$5.4tn, with a 5-year compounded annual growth rate (CAGR) of around 10%, according to data from MAS.
- iFAST’ s overall AUA of S$25.01bn as at end-2024 only accounts for less than 1% of the total AUM.
- - Read this at SGinvestors.io -
iFAST dominates Singapore’s wealth management platform market
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-03-10
Previous report by DBS:
2025-02-13 iFAST - Wealth Boom Fuels Growth; Record High AUA & Earnings.
Price targets by other brokers at iFAST Target Prices.
Listing of research reports at iFAST Analyst Reports.
Relevant links:
iFAST Share Price History,
iFAST Announcements,
iFAST Dividend Payout Dates & Corporate Actions,
iFAST News
