UOB Kay Hian analyst Heidi Mo has maintained their bullish stance on AIY stock, giving a Buy rating today.
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Heidi Mo has given her Buy rating due to a combination of factors that highlight iFAST Corporation Ltd’s strong financial performance and growth potential. The company’s second-quarter earnings exceeded expectations, driven by robust contributions from the Hong Kong ePension business, a turnaround in iFAST Global Bank, and continued expansion in its core wealth management platform. This positive momentum is expected to continue into the second half of 2025, further supporting the company’s valuation.
Additionally, iFAST declared a 33% higher interim dividend, with full-year guidance indicating a significant increase in shareholder returns. The company’s assets under administration reached a record high, reflecting strong net inflows and aligning with their long-term growth targets. These factors, combined with a raised target price, underpin Heidi Mo’s optimistic outlook and Buy recommendation for iFAST Corporation Ltd.
In another report released today, DBS also maintained a Buy rating on the stock with a S$10.00 price target.