- Delay in key ePension project could be a drag to iFAST's share price – It was reported in the news that the building of the Hong Kong Pension platform was falling behind schedule because of the manpower shortage due to COVID-19. The schedule for the Hong Kong Pension platform commencement will be delayed for 8 months from the original plan. The Hong Kong regulator has stated that, despite the delay, they will continue to target the platform to be fully operational by the initially scheduled timeframe – end-2025.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
iFAST maintained guidance as the group has already provided buffer for delay.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2023-01-16
Read also DBS's most recent report:
2023-10-27 iFAST Corporation - Improving Operating Metrics; 3Q23 Results Above Expectations.
Previous report by DBS:
2023-04-26 iFAST Corporation - Start-Up Losses & High Costs Still A Drag.
Price targets by 2 other brokers at iFAST Target Prices.
Listing of research reports at iFAST Analyst Reports.
Relevant links:
iFAST Share Price History,
iFAST Announcements,
iFAST Dividends & Corporate Actions,
iFAST News Articles
