- CGS International analyst Wee Kuang Tay reaffirmed a buy rating on iFAST while setting a target price of 13.00 SGD.
- Despite slightly lowering near-term earnings per share forecasts due to delayed Hong Kong pension launches and rising staff costs, an annualized EPS growth of approximately 21% is projected between FY25 and FY28.
- The target price adjustment is supported by strong assets under management expansion, improved profitability in the UK banking business, and an upgraded dividend outlook.
