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
iFAST share price is up 26% in the last month which has led to many questions about the company. Here are 3 common misconceptions: Myth 1: iFAST will grow 80% every year iFAST reported great set of results for the second quarter of 2020 which warmed the cockles of my heart. Net revenue grew 21% … Continue reading iFAST: 3 myths about 2Q 2020 results
This week's news includes Singapore's election results, TripAdvisor's bond issuance and increased competition for iFAST.Singapore elections, HRNet and Singapore O&G: Singapore's ruling party, the People Action Party (PAP) returned to power (83 out of 93 seats) but had one of the lowest share of the popular vote (61%) in its history. From Bloomberg:The result could … Continue reading Portfolio news this week(ending 11 July)
This week's news includes TripAdvisor's profit warning and pivot to quality experiences, an interview with iFAST CEO and MasterCard's spend update. iFAST CEO interview with Zuu: iFAST is aiming to be the Netflix of Fintech by providing banking and wealth management services to clients globally. Applying for a Singapore digital banking license is the first … Continue reading Portfolio news this week (ending 27 June)
The main news this week involved iFAST's digital banking bid and Mastercard shoppers on Amazon . iFAST and digital banking: iFAST is one of the nine shortlisted bidders for Singapore's digital wholesale banking license. iFAST has a chance but it's going to be a tough fight. Link Mastercard and Amazon: Mastercard users can look forward … Continue reading Portfolio news this week (ending 20 June)
iFAST has a 1 in 7 chance to become a digital bank. Here's why. iFAST is one of the nine bidders who made the shortlist for the Singapore wholesale digital banking license and only three licenses will be awarded by end-2020. iFAST is up against bidders which are partly owned by the Singapore government and the … Continue reading iFAST: Don’t bank on it!
Here's the top news this week affecting my positions in Singapore O&G, iFAST and TripAdvisor. TripAdvisor vs Booking: Booking.com will terminate existing contracts with attractions and tours and will create an experiences partnership with TUI's Musement instead. Booking.com users will eventually be directed to Musement's experiences. Building an experiences business is clearly not easy when … Continue reading Portfolio news this week (ending 13 June)
Here's the top news this week affecting my positions in Singapore O&G, iFAST and TripAdvisor. All Singapore O&G (SOG) services are available again: SOG clinics including their dermatology clinics can offer their full suite of services with Singapore's circuit breaker ending on 2 June. See the SOG poster below. However, competing dermatology clinics will be … Continue reading Portfolio news this week (ending 6 June)
"Antifragile" refers to things which gain from disorder and iFAST had some big gains in the first quarter of 2020! 1Q20 net revenue grew 25% year on year(yoy) and 11% quarter on quarter(qoq) Recurring net revenue grew 11% yoy and 2% qoq Net client inflows was 224% higher year on year and 119% qoq Net … Continue reading Is iFAST antifragile?
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