Why I’m excited about iFAST buying BFC Bank

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

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

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

Stock picking criteria

Choosing winners is hard. So I came up with a stock picking checklist based on my past mistakes to see if I can improve my stock picking skills. My strategy involves picking two categories of stocks: “Compounders” and “Deep value”. “Compounders” are stocks which can increase their earnings over the long term. Holding such stocks … Continue reading Stock picking criteria

TripAdvisor: Huge travel platform trading at 9% free cash flow yield

I normally don't write about US companies but TripAdvisor (TRIP) was too cheap to resist. TripAdvisor recently paid its first ever dividend, (USD3.50 special dividend) so there's a chance the company could pay dividends in the future. TripAdvisor is currently one of the bigger positions in my portfolio. TripAdvisor is a travel research platform which allows … Continue reading TripAdvisor: Huge travel platform trading at 9% free cash flow yield