Why 2020 should be a good year for iFAST

For the first time since its listing, iFAST provided guidance for operating expenses during the third quarter of 2019. 3Q19 net revenue grew 9% but net profit fell 5% because of increased spending on the company's IT capabilities. More importantly, iFAST is guiding for slower expense growth in 2020. Overall operating expenses are expected to grow … Continue reading Why 2020 should be a good year for iFAST

SOG 2Q19 results: Patience needed… and a 9 page SOG report!

I have uploaded a 9 page SOG report here on InvestingNote and will be grateful if you can vote for me after you download the report. No one has voted for me yet so I'm hoping everyone can help... I'm planning to donate 100% of any cash prizes to charity and there's a lucky draw prize … Continue reading SOG 2Q19 results: Patience needed… and a 9 page SOG report!

iFAST Q219 results: Record AUA, Singapore digital bank license bid but lower net profit

iFAST, which is one of my major positions reported a mixed set of results for the second quarter of 2019 but there was some good news too. Assets under administration (AUA) grew 8.5% year on year to a record SGD9.0 billion despite weak unit trust subscriptions. The company's bond business is growing rapidly with bonds … Continue reading iFAST Q219 results: Record AUA, Singapore digital bank license bid but lower net profit