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$IFAST (AIY.SG)$ UOB KH maintain HOLD with a 2% higher targe...

UOB KH maintain HOLD with a 2% higher target price of 8.17 (8.03 previously).
Reached 8.12 already. Sell on news. Take profit. Big red, bearish engulfing candlestick yesterday means more downside.
iFAST’s 3Q24 results were strong. The PATMI of S$17m (+97% yoy, +5% qoq) is largely in line with expectations, with 9M24 forming 77% of their/consensus estimates.
The HK ePension division and all-time high AUA (+24% yoy, +6% qoq) continue to be key growth drivers.
A higher third interim dividend of 1.5 S cents/share was proposed, in line with their expectations.
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