iFAST and DBS: Top Singaporean Companies to Watch in 2025

If you’re looking to invest in the new year, here are some companies to watch as they show strong potential for growth and returns in 2025, according to The Smart Investor.iFAST Corporation is a fintech company that provides a platform for trading unit trusts, equities, and bonds. The firm delivered a strong performance in the first nine months of 2024 (9M 2024), boosted by contributions from its Hong Kong ePension contract. Net revenue surged 75.5% from the previous year to S$183.

5 million, while operating profit almost tripled to S$60.1 million. Net profit also increased from S$15.1 million to S$47.4 million during the same period. iFAST recorded net inflows of S$2.3 billion, pushing its assets under administration to a record S$23.62 billion. The group declared a quarterly interim dividend of S$0.015, a 15% increase compared to S$0.013 a year ago. Management anticipates that the ePension division will play a key role in driving growth through 2024 and 2025, alongside steady progress in its core wealth management platform. Meanwhile, iFAST Global Bank, the group’s digital banking arm, reported customer deposits more than doubling year on year to S$805.63 million as of Sept 30, 2024. The digital bank is also expected to be a growth contributor from 2025 onwards. DBS Group, Singapore’s largest bank by market capitalisation, saw strong performance in 2024, supported by higher interest rates boosting its net interest income, alongside strong consumer spending that helped increase non-interest income. For 9M 2024, total income grew 11% YoY to S$16.8 billion, driven by a 5% YoY increase in net interest income. Non-interest income also rose 27% YoY to S$3.2 billion. Net profit reached a record S$8.8 billion, up 12% from the previous year, while return on equity stood at 18.8%. DBS raised its quarterly dividend by 22.7% YoY to S$0.5

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DBS Projects STI to Reach 3,950 by End of 2025, Despite Slowdown in Earnings GrowthAccording to a DBS report, Singapore's Straits Times Index (STI) is forecasted to reach 3,950 by the end of 2025, driven by robust performances from bank-heavyweight stocks. However, overall earnings growth for the STI is expected to slow down to 3.4%, impacted by U.S.-China trade tensions, inflation pressures, and geopolitical uncertainties. The report also projects Singapore's GDP growth at 2.8% in 2025 and highlights the potential for strong performances from industrial REITs.
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