$IFAST (AIY.SG)$ result out already?

HorsePower : This evening.

5穷6绝7翻身 OP HorsePower : Okay, thank you

InvestorGod : The way Lim sees it, getting one million clients for the bank in five years is a reasonable target.

“If on average, each of them just put S$10,000-S$20,000, that’s already S$10-20 billion,” he said.

Apart from banking, iFast also has another growth driver coming from its Hong Kong business as it executes its ePension business there.

iFast has targets for its Hong Kong business to hit net revenue of over HK$1.3 billion (S$208.1 million) and over HK$500 million in profit before taxes (PBT) in 2025 – higher than the entire group’s PBT of S$35.8 million in FY2021.

“In the next three years, the Hong Kong side will be the bigger growth driver,” Lim said. “But in the long run – the next 10 years – I feel that what our iFast Global Bank has opened up for us can lead to something much bigger.”