Given the Group’s expectations that the growth rates of its overall Hong Kong business will accelerate in the next five years, the Group has decided to share its targeted Hong Kong revenue and PBT margins for 2024 and 2025. In 2024 and 2025 respectively, the Group targets to achieve gross revenue of >HKD1 billion and >HKD1.5 billion, net revenue of >HKD800 million and >HKD1.2 billion, as well as PBT margin of >15% and >33%.The following table summarizes the SGD impact of iFAST targets for its Hong Kong business....
iFAST is already the largest position in my portfolio but I’m still looking to buy more shares this week after reviewing third quarter 2021 results.
Guidance on the impact of the Hong Kong MPF contract was the main focus of 3Q 2021.
iFAST’s ePension segment will be providing operation and administration services for MPF. These services will result in huge recurring service fees for iFAST but will not contribute to the group’s AUA (Assets under Administration).
From iFAST:
