Core Viewpoint - iFAST Group reported a net profit of 41.1 million SGD for the first half of 2025, with expectations for continued growth in its Hong Kong operations in the second half [1] Financial Performance - The company's revenue for Q2 reached 12.02 million SGD, representing a year-on-year increase of 28.3% [1] - Net profit for Q2 was 22.1 million SGD, showing a year-on-year growth of 37.9% [1] - Assets Under Administration (AUA) grew by 5.9% to 27.2 billion SGD in the same quarter [1] - Customer deposits in the UK banking business increased by 25.8% quarter-on-quarter to 1.4 billion SGD [1] Business Outlook - iFAST's eMPF project in Hong Kong is entering an accelerated phase, with more trustees expected to come online in Q3 and Q4, driving quarterly profit growth [1] - The company has revised its full-year pre-tax profit guidance for its Hong Kong business from 500 million HKD to 380 million HKD, achieving approximately 43.1% of this target with 163.7 million HKD realized in the first half [1] - Galaxy International has raised its earnings per share forecast for iFAST for 2025 to 2027 by 2.6% to 4.1% and increased the target price from 7.70 SGD to 9.20 SGD, maintaining a "Buy" rating [1] - The projected compound annual growth rate for net profit over the next three years is expected to reach 27.8% due to the scale effects of the eMPF project and growth in the UK banking business [1]
【环球财经】银河国际：iFAST香港业务带动盈利增长 目标价上调至9.20新元
Xin Hua Cai Jing·2025-07-30 05:36