iFAST Corp.'s ePension division, its key growth driver, is poised for growth this year, DBS Group Research's Lee Keng Ling says in a research report.
Growth in its Hong Kong business was weighed down in 1Q by higher investments in this division, the analyst says.
The digital banking and wealth management platform has reduced its 2025 pre-tax profit guidance for the Hong Kong business by 24%, while maintaining its revenue guidance, the analyst notes.
DBS cuts its 2025 and 2026 earnings estimates for iFAST by 15% and 11%, respectively.
It lowers the stock's target price to S$9.22 from S$10.88, with an unchanged buy rating.
Shares are 1.4% lower at S$6.21.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。