Disclosure: I own shares of iFAST and this post isn’t investment advice.
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For the Hong Kong ePension project, all 12 trustees and a total of 24 schemes have been successfully onboarded to the Hong Kong Pension platform as at 30 April 2026.”
iFAST second quarter 2026 results were decent but the share price fell. Why? Here’s why I think that happened and what I’m watching next
- Revenue growth is decelerating
Net revenue grew 35% y/y to S$108 million – a step down from the 44% net revenue growth in the first quarter. Net profit grew 35% y/y and 6% q/q to $29.8 million.
This deceleration is probably a result of onboarding completion for the Hong Kong ePension project. iFAST net revenue growth for its Singapore wealth management segment (which isn’t affected by Hong Kong ePension revenue) was comparable to its peers but I think investors are expecting more with iFAST trading at 23x trailing earnings....
