0619 GMT - iFast Corp. appears levered to structural growth in Singapore's wealth industry, says Macquarie Capital'sJayden Vantarakis in a note. The Singapore financial-technology platform expects continued strong growth in its core Singapore franchise as it works toward its 2030 assets-under-administration goal of S$100 billion, the analyst notes. This implies an around 26% compound annual growth rate based on its current S$32 billion assets under administration, he adds. The company expects its global bank deposits to grow by around 10X to roughly S$15 billion in this period, he says. Macquarie Capital retains its outperform rating and S$10.20 target price. Shares rise 1.2% to S$8.71. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
May 21, 2026 02:19 ET (06:19 GMT)
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