iFAST stands to benefit from more contributions by its ePension division in 2025, UOB Kay Hian analysts say in a research report.
The division has been ramping up onboarding of trustees, with five of 24 schemes onboarded as of Dec. 13, the analysts note.
For 2025, 12 are tentatively scheduled for 1Q or 2Q, two for 2Q or 3Q and the remaining five for 3Q or 4Q.
For the investment product distribution platform's iFAST Global Bank, management expects full-year of profitability this year, aided by quickened growth from net interest income as bank's deposit base expands.
The brokerage raises the stock's target price to S$8.30 from S$8.17 with an unchanged hold rating. Shares are unchanged at S$8.07.
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