Similarly, 3QFY2024 net revenue rose 4% q-o-q, thanks to a 24% y-o-y assets under administration (AUA) growth and continued HK ePension contributions, which remained stable q-o-q.
CGS International analyst (CGSI) Andrea Choong is keeping her “add” call and target price of $9.50 unchanged on iFast Corporation, following its 3QFY2024 ended Sept results.
The analyst notes that the group’s profit after tax and minority interests (patmi) of $16.8 million was in-line with her forecast but 7% above Bloomberg consensus’ estimates, while the 9MFY2024 net profit formed 73% and 76% of her’s and Bloomberg’s FY2024 estimates respectively.
