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Why is this going down so much?
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Those tat attend their agm will know thier mgmt very sensitive n evasive when asked abt china invstem and their due diligence..no doubt local sales good due to retail trades up with their low online brokerage, other then tat is almost clear to shareholders they lost control of chinese investmt when these people even much smarter than the CEO, who always think he is smart n no one knows better than himself to run iFAST.. hav a strong feel some investm will remain loss or even bad debts when a matter of time e Chinese copied it and partner w local chinese firm due to ' Guanxi" . As say ealrier, shortlist does not mean selected for the digital bank license. I will b extremely worry when they r appointed as digital bank when more other biz transactn r invovled. Just want to caution those who intend to buy tis counter need to be wary of facts then e comestic fairy tales
Acl2013 ( Date: 22-Jul-2020 20:28) Posted:
They are play us up from now till tmr morning before tmr market open, from now any time, why do not now? Are they still work on it by now?
PQTPQK ( Date: 22-Jul-2020 18:04) Posted:
| When the news will announce |
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Big trap.. Sell on good news
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It is time to sell IFAST and park your bullet at Frencken now, Frencken result will come early Aug.
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$2+ counter...Time to enter....
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Sold and stand aside already until Digi Bank release .
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Yesterday sold down ahead of result, today can go up?
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To bros here, is it too late to get on ifast train? Thanks.
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Yes. Bro. iFast has achieved a very promising record revenue, profit & so as AUA Asset Management, including growth in China business.
https://links.sgx.com/1.0.0/corporate-announcements/JI375SFJ33RZOLUY/9f4ae50584df6d1497bc9b3d70d573b10ea4c2e57eee36f4356c6b8e85f6e429
rtan32 ( Date: 23-Jul-2020 07:40) Posted:
| Net profit grew 84.7% in 2Q and 101.4% in half year .
AUA new record at $11.15 billion. |
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Net profit grew 84.7% in 2Q and 101.4% in half year .
AUA new record at $11.15 billion.
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They are play us up from now till tmr morning before tmr market open, from now any time, why do not now? Are they still work on it by now?
PQTPQK ( Date: 22-Jul-2020 18:04) Posted:
When the news will announce ?
Deepthought ( Date: 22-Jul-2020 17:20) Posted:
| this may not b music to your ears when reality hurts ..Caveat - shortlist not = selected for digital bank license! unlikely to be awarded compared to other stronger shortlists. stock also overprice and still losing money in china investm..will crash back to $1-$1.10 when latest news release. |
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Tomorrow morning financial report will give you direction up or down .
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When the news will announce ?
Deepthought ( Date: 22-Jul-2020 17:20) Posted:
this may not b music to your ears when reality hurts ..Caveat - shortlist not = selected for digital bank license! unlikely to be awarded compared to other stronger shortlists. stock also overprice and still losing money in china investm..will crash back to $1-$1.10 when latest news release..
wolverine23 ( Date: 22-Jul-2020 13:51) Posted:
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this may not b music to your ears when reality hurts ..Caveat - shortlist not = selected for digital bank license! unlikely to be awarded compared to other stronger shortlists. stock also overprice and still losing money in china investm..will crash back to $1-$1.10 when latest news release..
wolverine23 ( Date: 22-Jul-2020 13:51) Posted:
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Can aim $5? Huat!!!
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Can see silverlake too!!
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Firing on both fronts. Possible Digital banking license and growth in online broking business thanks in part to Covid lockdown.
$2 here we come
SmallSmall ( Date: 15-Jul-2020 14:26) Posted:
New high....high goes higher...:)
LuckyCharm_SMS ( Date: 15-Jul-2020 12:22) Posted:
| Their Q12020 earnings was 130% higher than Q12019. Given the covid situation, many customers into IFAST because of low commission fees and healthcare stocks were in play for shorts everyday. Can expect the profit Q2-2020 to be atleast 3x of Q1-2020. Waiting for 23🎊 |
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Digital banks may also find it an uphill battle competing with the incumbent traditional banks.
?Traditional players like DBS and UOB are already very entrenched in the local market with strong and highly trusted brands, a huge customer base and strong capital,? said Mr Chia, adding these banks have also started their own digital transformations.
Digital banks need to be build trust, said Ms Barry.
She noted a Forrester survey found only 51 per cent of respondents saying that felt safe using their financial information online.
Even in a mature market like Britain, digital banks have only garnered a market share of about 7 per cent since 2010, he noted.
He noted that Metro Bank ? a British digital bank founded in 2010 ? only reported its first annual profit after seven years in business.
?Most digital banks elsewhere are not profitable yet,? said Mr Chia.
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MAS expects to announce the successful applicants in 2H 2020.
Two of the licences will be for digital retail banking with 9 shortlisted vying for it.
Another three will be issued for digital wholesale banking.
PQTPQK ( Date: 20-Jul-2020 21:36) Posted:
when will the licence going to announce ?
Octavia ( Date: 20-Jul-2020 21:32) Posted:
| Not cheap anymore...very high PE.
What is the probability for the Company to get the license?
Furthermore it is partnering Chinese companies comparing to others that has 1 or 2 local tie- up.Will it tank like rock if it fail in its bid. |
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when will the licence going to announce ?
Octavia ( Date: 20-Jul-2020 21:32) Posted:
| Not cheap anymore...very high PE.
What is the probability for the Company to get the license?
Furthermore it is partnering Chinese companies comparing to others that has 1 or 2 local tie- up.Will it tank like rock if it fail in its bid. |
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