iFAST - Maybank Research 2025-10-30: Fast-tracking Digital Wealth; Initiate Coverage With BUY

• We initiate coverage of iFAST (SGX:AIY) with a BUY and a blended DCF-based iFAST's target price of S$11.95.
• - Read this at SGinvestors.io -
• ongoing rollout of Hong Kong e-Pensions; and
• macro tailwinds driving AUA inflows into Hong Kong and Singapore.
• Our valuation places iFAST at 29.5x FY26E P/E, benchmarked against 39.17x peer average P/E and 6.6% WACC and 4% terminal growth.

Turnaround of iGB – near-term growth catalyst

• - Read this at SGinvestors.io -
• We believe growth of the deposit base will increase FY25E interest revenue to S$92m.

HK-ePension fund still on track – room for growth

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2026-02-16 iFAST Corporation - Wealth & E-Pension Continues To Scale.

Price targets by other brokers at iFAST Target Prices.

Listing of research reports at iFAST Analyst Reports.

Relevant links:
iFAST Share Price History,
iFAST Announcements,
iFAST Dividend Payout Dates & Corporate Actions,
iFAST News