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

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: 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

2020 year in review, most popular posts and 2021 wishlist

This year is finally coming to an end but I'm grateful that most of my portfolio stocks are winners. iFAST basically rescued my overall portfolio with the stock being a 3 bagger since I picked it. Small and fast growing platforms can be amazing multi-baggers! I'm hoping that the other platforms in my portfolio such … Continue reading 2020 year in review, most popular posts and 2021 wishlist

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

Zero sales test

How long can a company survive with zero revenue?  The COVID-19 crisis has forced governments to restrict movement so  restaurants, hotels and travel companies are faced with a grim scenario where revenue drops to zero. The cyclical companies in my portfolio such as China Aviation  Oil, TripAdvisor and HRNet are vulnerable but I subjected all … Continue reading Zero sales test