iFast Corp Ltd Faces Share Price Drop Amid Major Shareholder Sell-Off

SINGAPORE — Shares of iFast Corp Ltd experienced a significant drop of over 11% on Tuesday, August 19, 2025, following a substantial sell-off by its second-largest shareholder. The company’s stock fell by S$1.11 to S$8.66 at 9:09 am, down from the previous day’s closing price of S$9.77. This decline occurred shortly after CP Invest, a subsidiary of Temasek-owned Cuscaden Peak Investments, offloaded approximately S$140 million worth of iFast shares at a 6.6% discount to the prior day’s closing price. The transaction was facilitated by Morgan Stanley and UBS, as reported by Bloomberg.

CGS International analyst Tay Wee Kuang suggested that the market might interpret this move as an indication that iFast is “fairly valued” at S$9.77. He noted that investors might be taking profits, especially following iFast’s strong second-quarter results. Despite the sell-off, CP Invest retains 15 million shares, which could be perceived as a potential overhang on the share price if further sales are executed to quickly monetize their stake.

iFast Malaysian Unit Gains Approval to Operate as E-Money Issuer

In other developments, iFast’s Malaysian subsidiary, iFast Pay Malaysia, received in-principle approval from Bank Negara Malaysia to operate as an electronic money (e-money) issuer and hold a Money Services Business Class A license. This approval, announced on August 15, 2025, marks a significant regulatory milestone for iFast in Malaysia, enabling the company to introduce payment-related services that complement its existing wealth management and digital banking solutions.

Lim Chung Chun, chief executive and chairman of iFast, emphasized the strategic importance of integrating payments into the company’s wealth management offerings. By leveraging technology, iFast aims to provide a convenient and competitive solution to its customers. This development aligns with iFast’s three-year plan to enhance its fintech services, with a strategic focus on the payments segment as part of its broader digital banking and wealth management platforms.

Company Overview

iFast Corp Ltd, incorporated in 2000 and headquartered in Singapore, operates in the financial services sector. The company offers a range of services through its divisions, including Business-to-Business (B2B), Business-to-Consumer (B2C), Fintech Solutions, and Bondsupermart. The B2B division, iFast Central, provides services to banks, financial advisory firms, and financial institutions. The B2C division, Fundsupermart.com, serves as a distribution and transactional platform for investors. The Fintech Solutions division caters to fintech entrepreneurs, financial advisers, and financial institutions, while Bondsupermart operates a regional bond information portal. Additionally, iFast offers investment advisor, dealer, and custodian services.

As of August 17, 2025, iFast’s close price was S$9.77, with a 52-week high of S$9.83 and a low of S$6.02. The company’s market capitalization stands at S$2.89 billion, with a price-to-earnings ratio of 37.781.