iFAST Set to Benefit From Growing Asia-Pacific Wealth Management Market -- Market Talk

Dow Jones

Mar 30

0511 GMT - iFAST stands to benefit from Asia-Pacific's growing wealth management market, RHB Research's Syahril Hanafiah says in a report. According to research firm Mordor Intelligence, this market is expected to grow to US$41.8 trillion by 2031 from $29.6 trillion in 2026. Given the wealth management and digital banking company's asset-light model, its profit-before-tax margins will further expand as business scales up, the analyst says. Its U.K.-based digital bank's deposit base expansion is also translating into higher net revenue, thanks to its strategy to redeploy deposits into short-duration sovereign bonds and investment-grade corporate bonds. RHB Research initiates coverage of the stock with a buy rating and a target price of S$12.20. Shares are 1.4% lower at S$9.09. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 30, 2026 01:11 ET (05:11 GMT)

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According to research firm Mordor Intelligence, this market is expected to grow to US$41.8 trillion by 2031 from $29.6 trillion in 2026. Given the wealth management and digital banking company's asset-light model, its profit-before-tax margins will further expand as business scales up, the analyst says. Its U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>.-based digital bank's deposit base expansion is also translating into higher net revenue, thanks to its strategy to redeploy deposits into short-duration sovereign bonds and investment-grade corporate bonds. RHB Research initiates coverage of the stock with a buy rating and a target price of S$12.20. Shares are 1.4% lower at S$9.09. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6503":"金融科技概念","BK6052":"资产管理与托管银行","AIY.SI":"奕丰集团"},"translate_title":"奕丰将受益于不断增长的亚太财富管理市场——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIY.SI":0.9},"content_text":"0511 GMT - iFAST stands to benefit from Asia-Pacific's growing wealth management market, RHB Research's Syahril Hanafiah says in a report. According to research firm Mordor Intelligence, this market is expected to grow to US$41.8 trillion by 2031 from $29.6 trillion in 2026. Given the wealth management and digital banking company's asset-light model, its profit-before-tax margins will further expand as business scales up, the analyst says. Its U.K.-based digital bank's deposit base expansion is also translating into higher net revenue, thanks to its strategy to redeploy deposits into short-duration sovereign bonds and investment-grade corporate bonds. 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