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 →

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 →

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 →

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 →

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 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 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 →