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 →

Selling SOG

I have sold 90% of my shares in SOG at SGD0.27 and will probably sell the remaining shares soon for the following reasons. First, my original reasons for buying SOG may not be valid. I bought SOG because of earnings upside from their younger doctors especially their pediatric and cancer clinics. However, two out of … Continue reading Selling SOG →

iFAST: Why iFAST can afford free SGX trades

Why is iFAST cutting their SGX stockbroking fee to SGD8.80 fee for even a SGD1 million trade? First, stockbroking is not the main business model of iFAST. Stockbroking transaction fees only made up 12.8% of their 2020 net revenue. iFAST is a diversified wealth management platform offering unit trusts, bonds and insurance products and they … Continue reading iFAST: Why iFAST can afford free SGX trades →

Coupa Software: A smart buy

Coupa is a business spend SAAS (Software-as-a-Service) company which benefits from network effects, high switching costs and could be a beneficiary of a normalizing economy during 2021. I’m involved in procurement during my day job so I was impressed by Coupa’s cloud software. Business spend can be a slow and manual process. Before buying something, … Continue reading Coupa Software: A smart buy →

HRNet: Almost antifragile

“Antifragile” as defined by Nassim Taleb refers to something which gets stronger during disorder. I think HRNet almost fits this description so I bought more HRNet shares after the company reported surprisingly resilient 2020 results. Healthy flexible staffing business resulted in revenue growing 2% and recurring net profit falling 4% during 2020 while operating cash … Continue reading HRNet: Almost antifragile →