SINGAPORE: iFast Corp, an online brokerage that’s been Singapore’s best-performing stock over the past year, is betting on China and a retail-trading frenzy to help it grow assets by more than fivefold by 2028.
Although the firm’s Chinese operations are loss-making, chief executive officer Lim Chung Chun (file pic) said the nation is poised to become the wealth-management platform’s fastest-growing market and is key to the group’s goal of reaching S$100bil (US$75bil or RM307bil) of assets under administration by 2028.