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IFAST
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up and coming
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Nippon72
Veteran |
04-Jul-2023 20:07
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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If ever dropped till $1.00 in the midst of its UK/HK ePension journey, I will liquidate some other counters & switch to this. Market has not factored in IFAST as a fintech growth co. Vested both in cash & CPF OA. |
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TingHai88
Member |
04-Jul-2023 19:19
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Screw up then ji pa boom liao.. $0.50
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msksmsks
Supreme |
04-Jul-2023 18:49
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If their Epension screwed up big time,
Perhaps u got chance.
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tangsookiam1947
Master |
04-Jul-2023 18:30
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i want to buy at $1 lei
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msksmsks
Supreme |
04-Jul-2023 10:39
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Can push lower for me to buy again.... The lower the better , wl you.... Some pple says this stock is overhype leh.... Some pple says this stock is overvalued leh I don mind dirt cheap price leh DYODD |
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tangsookiam1947
Master |
03-Jul-2023 18:53
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Share Buy Back - Daily Share Buy-Back Notice::Daily Share Buy-Back Notice (sgx.com)
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msksmsks
Supreme |
03-Jul-2023 16:38
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Angmoh really funny... Selling down in the morning to create panic C' mon......sell down more leh....if u can |
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tongphlp
Supreme |
03-Jul-2023 11:05
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patience..
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msksmsks
Supreme |
03-Jul-2023 11:02
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There are couple of such rpts before this one, yet the share price buck the trend instead and go abv $5 . Technically, it' s still bullish and sitting on the support of a rising trend and opined there are also some invisible suipport . Co did not change it' s guidane for Fy23 - 25 despite the mgmt undetstand there are disappointments over last few Q' s reporting. Essentially, i wl give the benefit of doubt till there are crack lines Stay invested |
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superstartup
Supreme |
03-Jul-2023 10:34
Yells: "Enjoy doing Fundamental Research" |
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CGS CIMB released a report Keep reduce call As till date, no concrete details on the cost and fee structure of the HK epension thingy Well, after so long since the award and now the launch, no details means can take it as Not so Good or No Certainty Now then I read from CIMB this project is not to totally replace existing system. It is just another channel on top of existing ones |
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msksmsks
Supreme |
03-Jul-2023 10:17
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For it to go down 18ct on a non-eventuful day, opined this is too much.. Awaits some recovery later |
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TingHai88
Member |
03-Jul-2023 10:00
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Overly hyped stock, correction in progress | ||||
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msksmsks
Supreme |
03-Jul-2023 09:48
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Artificial depressed. General mkt for tech sector is bullish...... Let' s see whether can reverse later |
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Nippon72
Veteran |
02-Jul-2023 08:58
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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We buy into its future. When the real cash comes in from their UK/HK operations and fintech, market will decide how much multiples they willing to pay for. Alternatively, it performs so well that market or funds cannot ignore it. Good news does not mean anything to me if not translated to rising price, cashflow & dividends. Buy or nibble now if you believe in its future. Vested.
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tangsookiam1947
Master |
01-Jul-2023 22:18
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with so much good news, still below $5....hahaha
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msksmsks
Supreme |
30-Jun-2023 11:12
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Load while still wriggling up... Once weak holders are flushed out, it wl resume it' s uptrend. |
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msksmsks
Supreme |
30-Jun-2023 07:55
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With the launch of the Epension svc, partners like trustee , Funds etc...wl
Swarm in and embrace this as it's a Huge mkt to tap on for Pension scheme Opined BB wl load this |
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cloudy.mountain
Member |
29-Jun-2023 22:55
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promise and undeliver once what do u guys think about this recent news?
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Joelton
Supreme |
29-Jun-2023 12:04
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iFast subsidiary launches digital pension solution in Hong Kong
IFAST Corporation&rsquo s Hong Kong-based subsidiary, iFast e-pension Services, on Wednesday (Jun 28) launched Occupational Retirement Schemes Ordinance (ORSO) e-pension services, a digital pension solution for Hong Kong ORSO Pension schemes.
In a bourse filing, the group said it expects the ORSO e-pension services to make a material positive contribution to revenues and profitability of iFast&rsquo s Hong Kong business from the first quarter of 2025.
The new solution will allow users to perform functions such as enrolment, termination, contribution and withdrawal, relating to their pension schemes through an online platform accessible via the web or through a mobile app.
In addition, it will offer iFast&rsquo s business partners customised integration solutions with different systems, allowing them to automate processes and streamline their operations.
The group said the launch is in line with its three-year plan, which includes substantially accelerating its Hong Kong business growth and delivering effectively on the e-pension services.
iFast chairman and chief executive Lim Chung Chun said that the launch is a milestone for the company as it enhances its platform capabilities and transitions into a strong global player in digital banking, wealth management and pension administration solutions.
&ldquo With our fintech ecosystem and capabilities, the group has been able to further innovate and digitalise pension services and processes, delivering solutions that cater to changing industry trends that bring greater convenience and flexibility, enabling us to add value to all our stakeholders,&rdquo he said.
In an earnings call on Feb 15, Lim said the group&rsquo s Hong Kong e-pension business segment will boost the group&rsquo s revenue and profitability for the next three years.
iFast also maintained its guidance for the Hong Kong business which was issued in April 2022. The group aims to hit gross revenue of more than HK$400 million (S$69 million) in 2023 and profit before tax of more than HK$100 million.
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msksmsks
Supreme |
29-Jun-2023 10:02
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It was not mentioned whether is ORSO part of EMPF but is in line with their 3 year plan of Epension svcs .
But more importantly they mentioned that ORSO wl start making material positive contribution to both Revenue/Profitability fm Q125 onwards. Mkt is fwd looking , and to me, is a piece of good news.
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