iFAST has bought a UK digital bank! From iFAST: On 6 January 2022, the Group signed an agreement with its partner, Eagles Peak Holding Limited (“EPHL”), to acquire BFC Bank Limited (“BFC Bank” or ”UK bank”) from BFC Group Holdings (“BFC Group”, based in Bahrain). The Group will have an 85% stake in BFC Bank. … Continue reading Why I’m excited about iFAST buying BFC Bank
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Why MPF is only the start for iFAST
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 … Continue reading Why MPF is only the start for iFAST
4 reasons why I’m holding iFAST
iFAST will be reporting third quarter 2021 results soon and results are likely to be so-so. iFAST non-recurring revenue is usually correlated with trading volume from major stock brokerages such as Interactive Brokers. iFAST releases results on a quarterly basis but Interactive Brokers (IBKR), which operates in all major iFAST markets releases monthly updates. Based … Continue reading 4 reasons why I’m holding iFAST
HRnet 1H21 results: Still anti-fragile
HRnet reported great results for the first half of 2021. HRnet’s revenue, gross profit and net profit reached a record high in the first half of 2021 because of a big jump in flexible staffing and professional recruitment revenue. Source: HRnet 1H21 results presentation Here are the key points for HRnet’s 1H21 results: Revenue was … Continue reading HRnet 1H21 results: Still anti-fragile
Why I’m holding Fiverr
Fiverr’s share price crashed 30% this week after releasing second quarter 2021 results. Second quarter 2021 results were great with revenue (up 60% year on year) and free cash flow (up 215% y/y) growing nicely. However, Fiverr shocked the market by cutting guidance for 2021 revenue. From Fiverr’s CEO: When COVID restrictions were lifted in … Continue reading Why I’m holding Fiverr
iFAST 2Q21: Good but not great
iFAST second 2021 results were decent but not good enough for the company’s high valuation. Most of the company’s key metrics including net revenue and profit were up year on year but down quarter on quarter because of lower stockbroking commissions. This sequential decline in net profit broke the company’s winning streak where net profit … Continue reading iFAST 2Q21: Good but not great
Selling Visa
I recently sold my Visa shares to buy shares in other companies. The share price has done pretty well since I bought shares and I already have MasterCard so I decided to invest the money in other parts of my portfolio. Second quarter 2021 results should be pretty awesome with the US economy normalizing so … Continue reading Selling Visa
Why iFAST has a 50% chance to be a Malaysia digital bank
iFAST is bidding with Koperasi Tentera, THZ Alliance and Mr Lee Thiam Wah, founder and major shareholder of 99 Speed Mart for one of the five Malaysia digital bank licences. The iFAST-led consortium will be known as iFAST Bank with iFAST owning a 40% stake in the digital bank. From iFAST. “The Malaysian consortium partners … Continue reading Why iFAST has a 50% chance to be a Malaysia digital bank
iFAST: A blue sky scenario
The share price of iFAST has exploded upwards this week after the company was included in the MSCI Singapore small cap index. Fund managers are buying. Retail shareholders are selling. One of the iFAST directors even sold some shares last Friday. Is iFAST still a buy now? Here’s a scenario where iFAST can still be … Continue reading iFAST: A blue sky scenario
Fiverr vs Upwork: 3 takeaways from my 1st gig purchase
After receiving my first Fiverr deliverable, I'm convinced that Fiverr has a strong moat and a long growth runway. I was having WordPress problems for my website and decided to try Fiverr and Upwork. Three things stood out: First, Fiverr is way ahead of Upwork in terms of buyer experience and ease of use. Fiverr … Continue reading Fiverr vs Upwork: 3 takeaways from my 1st gig purchase