Daily BriefsSingapore

Daily Brief Singapore: iFAST, Frencken and more

In today’s briefing:

  • IFAST Corporation Limited: Undervalued for Its Prospects
  • Small to Mid-Cap Stocks Booking Highest Net Institutional Inflows in 3Q25


IFAST Corporation Limited: Undervalued for Its Prospects

By GEMS Research – Aletheia Capital

  • We initiated coverage on iFAST Corporation Limited (iFAST) a week ago.
  • Though stock has risen 21% since our note, we see a further 20% upside.
  • The market appears to be missing iFast’ s value in terms of P/AUM and EV/Revenue, in light of the AUM growth prospects. 2Q PAT was ahead of consensus expectations.

Small to Mid-Cap Stocks Booking Highest Net Institutional Inflows in 3Q25

By Geoff Howie

  • Institutions net bought S$130 million in Singapore-listed stocks, with S$95.4 million in large-cap stocks and S$42.3 million in mid-cap stocks.
  • Envictus International saw S$4.3 million net inflow, 4.1% of its market cap, with a 29% ROE and P/E ratio of 7x.
  • CSE Global and Frencken Group recorded significant net inflows, with CSE Global securing S$211.3 million in new orders.

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