This year was a tough year for my portfolio with 4 out of 6 stocks in the portfolio posting negative returns since I wrote about them. Date purchased Start Now Dividend return (%) Capital return (%) Total return iFAST 22-Apr-18 0.92 1.03 7% 12% 19% Kingsmen 29-Apr-18 0.59 0.45 8% -24% -15% SOG 3-Jun-18 … Continue reading 2019 year in review and most popular posts
Category: iFAST
Portfolio review: Q3 2019 review
The five SGX companies in my portfolio reported mixed Q3 2019 results and their share prices have been depressed.These five companies should deliver growth in the future so I'm happy to hold these companies. iFAST and SOG has been the most consistent performers in terms of revenue and net profit growth and it's a painful … Continue reading Portfolio review: Q3 2019 review
Why 2020 should be a good year for iFAST
For the first time since its listing, iFAST provided guidance for operating expenses during the third quarter of 2019. 3Q19 net revenue grew 9% but net profit fell 5% because of increased spending on the company's IT capabilities. More importantly, iFAST is guiding for slower expense growth in 2020. Overall operating expenses are expected to grow … Continue reading Why 2020 should be a good year for iFAST
iFAST and Charles Schwab
Charles Schwab history and development hints at a bright future for iFAST, one of the larger positions in my portfolio. Both companies sell funds and stocks at a low price and succeeded in gathering more assets and clients. Take a look at how Charles Schwab has grown over the years. Charles Schwab disrupted the industry by … Continue reading iFAST and Charles Schwab
iFAST Q219 results: Record AUA, Singapore digital bank license bid but lower net profit
iFAST, which is one of my major positions reported a mixed set of results for the second quarter of 2019 but there was some good news too. Assets under administration (AUA) grew 8.5% year on year to a record SGD9.0 billion despite weak unit trust subscriptions. The company's bond business is growing rapidly with bonds … Continue reading iFAST Q219 results: Record AUA, Singapore digital bank license bid but lower net profit
Portfolio review: Q1 2019 results
All five Evergreen stocks (iFAST, Kingsmen, SOG, China Aviation Oil and HRNet) reported poor results for the first quarter of 2019 but I'm sticking with them. These companies have a history of producing great results and I'm giving them 2-3 years more before I consider selling. iFAST Revenue and net profit declined because of "a … Continue reading Portfolio review: Q1 2019 results
iFAST update: Moat growing wider
iFAST has published their 2018 annual report with the company reporting the highest growth in client accounts since it was listed. These statistics were previously released in their February 2019 results presentation but they jumped out at me when I was reading their annual report. As of end 2018, the number of client accounts grew … Continue reading iFAST update: Moat growing wider
Five Evergreen shares and one test
HRNet and Singapore O&G are the most profitable companies in my portfolio based on the gross profitability ratio. After reading Michael Mauboussin’s excellent Base Rate Book, I applied the gross profitability screen to my existing portfolio. Gross profitability or Gross Profits divided by Total Assets measures a company’s ability to make money and is used … Continue reading Five Evergreen shares and one test
iFAST sets SGD100 billion AUA target
iFAST announced a great set of Q2 2018 results with double digit growth in revenue, earnings and AUA (Assets under Administration) along with its ambitious 10 year vision. Net revenue grew 25% year on year to SGD30.9 million which led to net profit growing 40% to SGD2.9 million in the second quarter of 2018. AUA … Continue reading iFAST sets SGD100 billion AUA target
iFAST cuts SG and HK stockbroking fees
Quick update on iFAST which in my view is poised to see double digit growth over the next five years. iFAST recently said it intends to lower its Singapore and Hong Kong stockbroking commissions from 0.12% to 0.08%, the lowest in Singapore. Cutting stockbroking commissions is a great move for 3 reasons. First, more than … Continue reading iFAST cuts SG and HK stockbroking fees
