$IFAST (AIY.SG)$ Lim & Tan report. In 2023, the Group's net ...
Lim & Tan report.
In 2023, the Group's net profit increased by 340.0% YoY to S$28.3 million, on the back of a 22.8% increase in the Group's total revenue to S$256.5 million. The increase in profitability was driven by initial contributions from the ePension division of the Group, as well as improvements in the Group's core wealth management platform business.
iFast's market cap stands at S$2.34bln and currently trades at 44x forward PE (down from 88x) due to expected doubling in profits and 10x PB, with a dividend yield of 0.6%. Consensus target price stands at S$8, representing limited upside from current share price.
While prospects are bright based on robust growth guidance bymanagement, valuations look more than fair at current level and upside also looks limited based on consensus target price of $8.
iFast's market cap stands at S$2.34bln and currently trades at 44x forward PE (down from 88x) due to expected doubling in profits and 10x PB, with a dividend yield of 0.6%. Consensus target price stands at S$8, representing limited upside from current share price.
While prospects are bright based on robust growth guidance bymanagement, valuations look more than fair at current level and upside also looks limited based on consensus target price of $8.
Hold for now.
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102406932 : 7.79 soon
Chengbo : But 2023 Net profit is less than that of 2021!!! Am I right?
bullrider_21OP Chengbo: You're right about that.
Bruce Tong : today $8.50 tomorrow $7.80 then next day $8.50 again. its a meme stock lah
bullrider_21OP Bruce Tong: Once it peaked at 8.50, may continue falling.