iFAST Corp: Record Profit, S$987.75M Net Cash, So Why Does the Dividend Stay Small? | EP1663🦖
iFAST is sitting on roughly S$1 billion of net cash, yet the trailing yield is stuck around 1.3 percent. That is not a typo, it is the structural outcome of running a digital bank on top of a wealth platform. The same banking engine that makes the business look bulletproof on paper is the reason so little of that profit is actually landing in your pocket as cash.
Before you chase the S$12.20 institutional target, I want you to be very clear what kind of return you are really signing up for.
📺 YouTube: https://youtu.be/NDqkD01VsJA
📩 Substack: https://investingiguana.com/p/ifast-corp-record-profit-s98775m
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