iFast Continues Upward Trend, Soars nearly 5% Following Strong Q2 Results and Dividend Plans

Stock Track2025-07-29

Shares of iFast Corporation (AIY.SI) continued their upward momentum on Thursday, soaring 4.73% in intraday trading. This surge follows the digital banking firm's impressive performance on Monday, where it closed 10.1% higher after reporting strong second-quarter results.

The ongoing rally can be attributed to iFast's robust Q2 net profit announcement and its plans to target a higher dividend payout ratio. On Monday, the stock hit an intraday peak of S$8.26, representing an 11.3% increase from its previous close. The positive sentiment appears to be carrying over into Tuesday's trading session.

Investors seem to be reacting favorably to iFast's financial performance and strategic initiatives. The company's decision to focus on increasing its dividend payout ratio has likely contributed to the sustained interest in the stock. As iFast continues to strengthen its position in the digital banking sector, market participants appear optimistic about its growth prospects and potential for increased shareholder returns.

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Leo Yang
2025-07-29
Leo Yang
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This surge follows the digital banking firm's impressive performance on Monday, where it closed 10.1% higher after reporting strong second-quarter results.</p><p>The ongoing rally can be attributed to iFast's robust Q2 net profit announcement and its plans to target a higher dividend payout ratio. On Monday, the stock hit an intraday peak of S$8.26, representing an 11.3% increase from its previous close. The positive sentiment appears to be carrying over into Tuesday's trading session.</p><p>Investors seem to be reacting favorably to iFast's financial performance and strategic initiatives. The company's decision to focus on increasing its dividend payout ratio has likely contributed to the sustained interest in the stock. 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