Disclosure: I own shares of iFAST and this post isn’t investment advice. “ iFAST Group is steadily increasing its capability and presence as a global digital banking and wealth management group, with iFAST Global Bank as part of its global Fintech ecosystem” Buckle up! The above statement says it all. The next few quarters are … Continue reading iFAST 1Q24: Firing on all cylinders
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iFAST 4Q23: 917% earnings growth, IGB prospects and other bets
Disclosure: I am a iFAST shareholder! The fourth quarter of 2023 was all about iFAST’s ePension segment with contributions from the unit’s Hong Kong eMPF contract leading to net profit growing 917% year on year. eMPF eMPF will be the biggest source of revenue for iFAST over the next 2 years. iFAST lowered revenue guidance … Continue reading iFAST 4Q23: 917% earnings growth, IGB prospects and other bets
iFAST 3Q23 highlights
Disclosure: I own shares of iFAST and this post isn’t investment advice. “Going forward, the Group expects its overall revenue and profitability to show marked improvements”. iFAST’s stellar 3Q 2023 results marks a new era of hyper-growth. Net profit grew 303% year on year and 100% quarter on quarter after receiving only 1 month of … Continue reading iFAST 3Q23 highlights
iFAST 2Q23 highlights
Disclosure: I own shares of iFAST and this post isn’t investment advice. “ I feel that what our iFast Global Bank has opened up for us can lead to something much bigger.”- Lim Chung Chun, iFAST CEO iFAST reported decent second quarter 2023 results and a strong outlook for the second half of 2023. Net … Continue reading iFAST 2Q23 highlights
Overseas Education: Learning to earnings
Overseas Education Limited (OEL) is a pandemic recovery play. I bought shares after a friend told me about their big jump in school fees received in advance (“deferred revenue” for the software bros). OEL operates the Overseas Family School (OFS) in Singapore and educates the children of expatriates working in Singapore aged 2 to 18 … Continue reading Overseas Education: Learning to earnings
What I’m watching in 2023 for iFAST, Datadog and Fiverr
Happy 2023! Here's what I'm watching for 3 stocks in my portfolio. . (1) iFAST: Can ePension and UK digital bank deliver record earnings? iFAST is aiming for the ePension segment to see a sharp spike in earnings with the new Hong Kong eMPF system starting operations in 2023. iFAST Global Bank (IGB), the company's … Continue reading What I’m watching in 2023 for iFAST, Datadog and Fiverr
iFAST 3Q22 review
iFAST is becoming stronger and less vulnerable to bear markets. For the third quarter of 2022, net inflow was SGD600 million of net inflow lower year on year but still higher than per-pandemic levels. Diversification into cash management and bonds is paying off! Increased bond turnover on iFAST platforms stood out with bonds offering higher … Continue reading iFAST 3Q22 review
iFAST 3Q22 preview: What to watch
Ifast will be reporting 3Q22 results on 26 October 2022. The usual AUA, user growth and net inflow numbers will be messy because iFAST India segment will be removed from the numbers. Here’s what I’ll be focusing on : MPF revenue guidance MPF-related revenue and earnings will be the biggest share price driver during the … Continue reading iFAST 3Q22 preview: What to watch
iFAST: Bad 2Q22 results
iFAST reported a poor set of 2Q22 results because of an unexpected SGD2.69 million net loss due to an impairment for their India business. Here are the good and bad points about 2Q22: Good: Assets under administration (AUA) remained stable in a bear market. AUA fell 5% q/q but rose 0.8% y/y to SGD17.6 billion … Continue reading iFAST: Bad 2Q22 results
HRnet SIAS interview highlights
Adeline Sim, the Executive Director and Chief Corporate Officer of HRnet was recently interviewed by the Securities Investor Association of Singapore (SIAS). Three things stood out to me: Co-ownership driving growth and cost controlResilient but not recession proofConsistent organic and M&A growth Co-ownership First, HRnet’s co-ownership plans has helped to make the company resilient and … Continue reading HRnet SIAS interview highlights