I recently bought shares in Fiverr, a marketplace which connects companies with freelancers because I'm increasingly drawn to small but fast growing platforms. Platforms such as Fiverr benefit from wide moats because of their network effects and are highly scalable businesses because most of their costs are fixed costs. Here’s a description of Fiverr from … Continue reading Fiverr: A 5 bagger in 10 years?
3 reasons why I’m still holding my iFAST shares
iFAST, a large Singapore-based investment platform is one of my earliest and largest positions since 2017 so I have been grateful for the recent ~100% jump in the share price. Here are 3 reasons why I haven't sold any of my shares. iFAST operates a large non-bank investment platform in Singapore but the company is … Continue reading 3 reasons why I’m still holding my iFAST shares
Singapore O&G 1H 2020 results: The good and the bad
Singapore O&G (SOG) reported a decent set of 1H 2020 results despite the COVID-19 pandemic in Singapore. Revenue fell 4% to SGD17.8 million while net profit fell 21% to SGD3.7 million Here's the good and the bad about Singapore O&G results. Good Let's start with the good. Singapore O&G reinstated their dividend (0.5 cents). The … Continue reading Singapore O&G 1H 2020 results: The good and the bad
MasterCard/Visa: Down but not out
MasterCard and Visa reported weak second quarter 2020 results with revenue and net profit falling year on year. MasterCard 2Q 2020 revenue fell 19% while net profit fell 31%. It was a similar trend for Visa with revenue falling 17% and net profit falling 23% year on year. The good news is that things are … Continue reading MasterCard/Visa: Down but not out
iFAST: 3 myths about 2Q 2020 results
iFAST share price is up 26% in the last month which has led to many questions about the company. Here are 3 common misconceptions: Myth 1: iFAST will grow 80% every year iFAST reported great set of results for the second quarter of 2020 which warmed the cockles of my heart. Net revenue grew 21% … Continue reading iFAST: 3 myths about 2Q 2020 results
Portfolio news this week (ending 18 July)
Only 2 news articles on TripAdvisor this week. Enjoy your Sunday! Trip.com CEO joins TripAdvisor's board: Jane Sun, the CEO of Trip.com has joined TripAdvisor's board. This move is part of the 2019 strategic alliancebetween the two companies. To maintain her board seat, Trip.com must buy shares amounting to a ~5% stake in TripAdvisor. That … Continue reading Portfolio news this week (ending 18 July)
Portfolio news this week(ending 11 July)
This week's news includes Singapore's election results, TripAdvisor's bond issuance and increased competition for iFAST.Singapore elections, HRNet and Singapore O&G: Singapore's ruling party, the People Action Party (PAP) returned to power (83 out of 93 seats) but had one of the lowest share of the popular vote (61%) in its history. From Bloomberg:The result could … Continue reading Portfolio news this week(ending 11 July)
Portfolio news this week (ending 4 July)
KGI initiated research on Singapore O&G with a neutral rating because of downside risk to its dermatology business. Dermatology earnings are likely to be depressed this year but the value of a stock mainly comes from future earnings so I'm willing to be patient. Link TripAdvisor's CEO said in a Skift interview that the company … Continue reading Portfolio news this week (ending 4 July)
Portfolio news this week (ending 27 June)
This week's news includes TripAdvisor's profit warning and pivot to quality experiences, an interview with iFAST CEO and MasterCard's spend update. iFAST CEO interview with Zuu: iFAST is aiming to be the Netflix of Fintech by providing banking and wealth management services to clients globally. Applying for a Singapore digital banking license is the first … Continue reading Portfolio news this week (ending 27 June)
Portfolio news this week (ending 20 June)
The main news this week involved iFAST's digital banking bid and Mastercard shoppers on Amazon . iFAST and digital banking: iFAST is one of the nine shortlisted bidders for Singapore's digital wholesale banking license. iFAST has a chance but it's going to be a tough fight. Link Mastercard and Amazon: Mastercard users can look forward … Continue reading Portfolio news this week (ending 20 June)
