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 →

iFAST: 3 myths about 2Q 2020 results

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 →

iFAST: Don’t bank on it!

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! →

Is iFAST antifragile?

"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? →

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 →

2019 year in review and most popular posts

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 →

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 →