Digital Bank Ambitions - IFast (IFast SP)'s Acquisition of BFC Bank and Balance Sheet Implications
In Jan 2022, iFAST announced its planned acquisition of BFC Bank. We highlight the key transaction terms and associated balance sheet impact with...
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IFast’s Acquisition of BFC Bank: Improved AUA at the Cost of Short-Term Profitability
The acquisition would help iFast achieve its five-year plan of generating an AUA of S$100bn by 2028. BFC is currently making losses, alongside...
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STI Trades at Fresh 2021 Highs, Extends YTD Total Return to 18%
On 5 Nov, the STI surpassed the preceding 2021 year high made on 30 April, with further gains on the 8 Nov morning session taking the STI to a...
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IFast 3Q: EPension Project Starts Generating Income; 5-Year Plan to Further Drive Growth
iFast reported strong 3Q earnings and has started generating income from HK ePension platform project and expects earnings from HK business to...
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Highest-Yielding Billionaire Plays on SGX
There are 89 primary-listed stocks on the SGX with market capitalisation above S$1 billion, of which 29 are in the S-REITs and Property Trusts...
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