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

4 reasons why I’m holding iFAST

iFAST will be reporting third quarter 2021 results soon and results are likely to be so-so. iFAST non-recurring revenue is usually correlated with trading volume from major stock brokerages such as Interactive Brokers.  iFAST releases results on a quarterly basis but Interactive Brokers (IBKR), which operates in all major iFAST markets releases monthly updates. Based … Continue reading 4 reasons why I’m holding iFAST

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