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up and coming

bamboo300306
Veteran
25-Dec-2022 02:24     
 
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 Alert Admin 		The share of Tesla has a PR of over 100 x , the bubble has finally burst . Greed is human natural and history always repeat.
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tangsookiam1947
Master
25-Dec-2022 00:28     
 
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 Alert Admin 		CEO Is Back In Town｜ iFAST (ifasttv.com)


Tripled headcount going forward.

HK is going to come back very very strongly...

Exciting times ahead going forward!!!

tongphlp      ( Date: 23-Dec-2022 15:55) Posted:

Looking forward..

turtletrader      ( Date: 22-Dec-2022 11:35) Posted:

Hopefully a much better 2023 ahead. Hohoho Merry Christmaslaugh
 
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tongphlp
Supreme
23-Dec-2022 15:55     
 
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 Alert Admin 		Looking forward..

turtletrader      ( Date: 22-Dec-2022 11:35) Posted:

Hopefully a much better 2023 ahead. Hohoho Merry Christmaslaugh
 

tangsookiam1947      ( Date: 21-Dec-2022 13:54) Posted:

2022 will be a year whereby while the Group&rsquo s overall revenue may be flat, the Group&rsquo s net profit will see a substantial decline compared to 2021. This happens as the Group incurs an impairment charge for its India business (recognised in 2Q2022), initial operating losses for iFAST Global Bank, and an increase in the Group&rsquo s overall operating expenses, which grew 14.2% YoY (excluding the bank) in 9M2022. 


The Group&rsquo s operating expenses are increasing even as revenue trend flattens in 2022 as the Group is preparing for the ePension business which will become operational from 2023, while positioning itself for opportunities arising from a more globalised wealth management and digital banking business model.


Despite the difficult conditions of current global financial markets, the Group expects to see accelerated growth momentum from 2023 onwards. The Group also expects revenues and profitability to grow to new highs in 2023 as the ePension division, which is not subject to market volatilities, starts to contribute more substantially from 3Q2023 onwards.
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[email protected]
Member
22-Dec-2022 16:34     
 
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 Alert Admin 		Merry christmas. Believers shd be in for a great one. I am proud of ifast. Its held up v well against even the big chinese names. Despite not so smart analysts picking it to pieces. Cheers.
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turtletrader
Senior
22-Dec-2022 11:35     
 
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 Alert Admin 		Hopefully a much better 2023 ahead. Hohoho Merry Christmaslaugh
 

tangsookiam1947      ( Date: 21-Dec-2022 13:54) Posted:

2022 will be a year whereby while the Group&rsquo s overall revenue may be flat, the Group&rsquo s net profit will see a substantial decline compared to 2021. This happens as the Group incurs an impairment charge for its India business (recognised in 2Q2022), initial operating losses for iFAST Global Bank, and an increase in the Group&rsquo s overall operating expenses, which grew 14.2% YoY (excluding the bank) in 9M2022. 


The Group&rsquo s operating expenses are increasing even as revenue trend flattens in 2022 as the Group is preparing for the ePension business which will become operational from 2023, while positioning itself for opportunities arising from a more globalised wealth management and digital banking business model.


Despite the difficult conditions of current global financial markets, the Group expects to see accelerated growth momentum from 2023 onwards. The Group also expects revenues and profitability to grow to new highs in 2023 as the ePension division, which is not subject to market volatilities, starts to contribute more substantially from 3Q2023 onwards.

Nippon72      ( Date: 18-Dec-2022 09:13) Posted:

WB ever said think long term. Don' t think of holding for 10 mins if we don' t think of holding for 10years.  Bought into their HK & UK biz op stories, willing to brew it for 10 years and incidentally my retirement year.

Will add on along the way if ammunition allows, or it tanks 50% from my average price $5.75  whichever earlier.  And I am using FSM for some of my unit trust investment. 

Vested and quietly confident of its biz.



 


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tangsookiam1947
Master
21-Dec-2022 13:54     
 
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 Alert Admin 		2022 will be a year whereby while the Group&rsquo s overall revenue may be flat, the Group&rsquo s net profit will see a substantial decline compared to 2021. This happens as the Group incurs an impairment charge for its India business (recognised in 2Q2022), initial operating losses for iFAST Global Bank, and an increase in the Group&rsquo s overall operating expenses, which grew 14.2% YoY (excluding the bank) in 9M2022. 


The Group&rsquo s operating expenses are increasing even as revenue trend flattens in 2022 as the Group is preparing for the ePension business which will become operational from 2023, while positioning itself for opportunities arising from a more globalised wealth management and digital banking business model.


Despite the difficult conditions of current global financial markets, the Group expects to see accelerated growth momentum from 2023 onwards. The Group also expects revenues and profitability to grow to new highs in 2023 as the ePension division, which is not subject to market volatilities, starts to contribute more substantially from 3Q2023 onwards.

Nippon72      ( Date: 18-Dec-2022 09:13) Posted:

WB ever said think long term. Don' t think of holding for 10 mins if we don' t think of holding for 10years.  Bought into their HK & UK biz op stories, willing to brew it for 10 years and incidentally my retirement year.

Will add on along the way if ammunition allows, or it tanks 50% from my average price $5.75  whichever earlier.  And I am using FSM for some of my unit trust investment. 

Vested and quietly confident of its biz.



 

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Nippon72
Veteran
18-Dec-2022 09:13     
 
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Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
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 Alert Admin 		WB ever said think long term. Don' t think of holding for 10 mins if we don' t think of holding for 10years.  Bought into their HK & UK biz op stories, willing to brew it for 10 years and incidentally my retirement year.

Will add on along the way if ammunition allows, or it tanks 50% from my average price $5.75  whichever earlier.  And I am using FSM for some of my unit trust investment. 

Vested and quietly confident of its biz.



 
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simpleguy123
Elite
18-Dec-2022 08:25     
 
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 Alert Admin 		One disclaimer though: Despite revenue generated from this UK Bank, its actually not profitable at the moment. Chairman Lim said he expects profitability in 2024 though.

ninjawarrior      ( Date: 18-Dec-2022 00:15) Posted:

Tq so much for sharing. I didn't know about this until u mentioned it. Appreciate this info.

simpleguy123      ( Date: 17-Dec-2022 12:01) Posted:

Upon reviewing the financial statements again, i noticed that ifast is generating revenue from banking operations (it was NIL in 2021). These are from the UK Bank? If they can improve the revenue performance from this area of banking operations and also boost revenue from non-banking operations (ePension in HK) next year, then i can see why Chairman Lim is bullish. Will be keeping my eye on that UK Bank revenue performance as well.
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ninjawarrior
Member
18-Dec-2022 00:15     
 
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 Alert Admin 		Tq so much for sharing. I didn't know about this until u mentioned it. Appreciate this info.

simpleguy123      ( Date: 17-Dec-2022 12:01) Posted:

Upon reviewing the financial statements again, i noticed that ifast is generating revenue from banking operations (it was NIL in 2021). These are from the UK Bank? If they can improve the revenue performance from this area of banking operations and also boost revenue from non-banking operations (ePension in HK) next year, then i can see why Chairman Lim is bullish. Will be keeping my eye on that UK Bank revenue performance as well.
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simpleguy123
Elite
17-Dec-2022 12:01     
 
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 Alert Admin 		Upon reviewing the financial statements again, i noticed that ifast is generating revenue from banking operations (it was NIL in 2021). These are from the UK Bank? If they can improve the revenue performance from this area of banking operations and also boost revenue from non-banking operations (ePension in HK) next year, then i can see why Chairman Lim is bullish. Will be keeping my eye on that UK Bank revenue performance as well.
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tongphlp
Supreme
15-Dec-2022 07:45     
 
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 Alert Admin 		that is why DBS is also known as Don' t Bull Shit...:)

tangsookiam1947      ( Date: 14-Dec-2022 21:46) Posted:

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ninjawarrior
Member
14-Dec-2022 22:28     
 
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 Alert Admin 		That was exactly what happened.....I bought it at 1.70 in 2019. I think somewhere in July......and I didn't even think about it. When I read the report...it doesn't sound balanced. I go with my guts....as I saw what IFast is entering into the Fintech area....which is still new from what I see. Lucky I didn't follow the analyst report......

tangsookiam1947      ( Date: 14-Dec-2022 21:46) Posted:

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ninjawarrior
Member
14-Dec-2022 21:35     
 
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 Alert Admin 		https://sg.finance.yahoo.com/news/ifast-share-price-soared-25-233000350.html Saw this from Yahoo Finance. Maybe this could be a balanced report....from where I see it.

simpleguy123      ( Date: 14-Dec-2022 11:51) Posted:

Usually its the case. But daft mass retailers will blindly follow.

tongphlp      ( Date: 14-Dec-2022 10:30) Posted:

u mean sell 2 them so they can buy and accumulate?

they call for buy so they can sell and profit at retailers' expense?..............
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tongphlp
Supreme
14-Dec-2022 12:06     
 
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 Alert Admin 		yup

simpleguy123      ( Date: 14-Dec-2022 11:51) Posted:

Usually its the case. But daft mass retailers will blindly follow.

tongphlp      ( Date: 14-Dec-2022 10:30) Posted:

u mean sell 2 them so they can buy and accumulate?

they call for buy so they can sell and profit at retailers' expense?..............
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simpleguy123
Elite
14-Dec-2022 11:51     
 
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 Alert Admin 		Usually its the case. But daft mass retailers will blindly follow.

tongphlp      ( Date: 14-Dec-2022 10:30) Posted:

u mean sell 2 them so they can buy and accumulate?

they call for buy so they can sell and profit at retailers' expense?...............

Joelton      ( Date: 14-Dec-2022 09:42) Posted:

Citi keeps ' sell' call on iFast as it sees ' valuation gap with fundamentals'
Citi Research analyst Tan Yong Hong is keeping his &ldquo sell&rdquo call on iFast after the counter&rsquo s share price rallied around 60% from its trough in November, in line with the news of China&rsquo s reopening.
 
Retaining his target price at $3.80, the analyst adds that the counter&rsquo s average daily value traded (ADV) spiked since mid-Nov following the reopening news.
 
&ldquo Year-to-date (ytd)-2022, iFast' s share price shares a 90% relationship with the MSCI APAC Index which rallied [around] 14% from end-September. This is because we think [iFast&rsquo s] unit trust (68% of [its] assets under administration or AUA) segment has high exposure to the index,&rdquo Tan points out.
 
&ldquo As such, [the] market is pricing in a potential rebound in AUA (after three successive quarterly declines) and hence earnings for 4QFY2022/FY2023 but at a level we believe is excessive,&rdquo he adds.
 
At iFast&rsquo s share price of $5.96 as at Tan&rsquo s report on Dec 6, he believes that the market is pricing in an FY2023 P/E of 50x for iFast&rsquo s core business based on Citi&rsquo s as well as consensus estimates. This is after stripping out $1.20 per share that&rsquo s attributable to the Hong Kong e-Mandatory Provident Fund (MPF) project.
 
&ldquo Our FY2023 numbers already assumed AUA rebounds [around] 25% y-o-y in FY2023, as well as some recovery in net platform margins,&rdquo he says. &ldquo Our FY2023 profits is now broadly in-line with consensus&rsquo FY2022 profits but [around] 10% behind consensus&rsquo FY2023 profits likely on the back of adding HK eMPF earnings contribution using management&rsquo s guidance.&rdquo
 
On the market&rsquo s valuation of 50x P/E for iFast&rsquo s FY2023 earnings, the analyst believes that the market has likely over-estimated the impact of the company&rsquo s higher AUA which is driven by a rebound in the MSCI APAC Index.
 
&ldquo Based on our sensitivity analysis, every 5% increase in AUA would raise [iFast&rsquo s] earnings by [just] 5%,&rdquo says the analyst. &ldquo [This is] assuming net platform margins [remain] flat at 60 basis points (9QFY2022 estimated 57bps after stripping out its [Hong Kong eMPF] project fees), cost-income ratio at 77% for core business (9MFY2022: 83%) and 16% tax rate.&rdquo
 
&ldquo As such, we see a valuation gap with fundamentals,&rdquo says Tan.
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tongphlp
Supreme
14-Dec-2022 11:34     
 
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 Alert Admin 		beg your pardon....i mean weather forecasters...blame it on the weather if they don' t get it right..
 

tongphlp      ( Date: 14-Dec-2022 11:11) Posted:

that' s why I have always said - ANALysts are as good as fortune tellers....get it right people praise them to the SKY, get it wrong, they get Hell..
So chun everyone is rich now..

ninjawarrior      ( Date: 14-Dec-2022 10:44) Posted:

Interesting....how come Citi analyst didn't consider this in their report....it should be part of their "Anal-yst" findings. I find it strange they didn't put this in their report.
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tongphlp
Supreme
14-Dec-2022 11:12     
 
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 Alert Admin 		end of the day - DYODD. period.
take the brokerage houses recommendations as supplementary advise and decide..

ninjawarrior      ( Date: 14-Dec-2022 10:44) Posted:

Interesting....how come Citi analyst didn't consider this in their report....it should be part of their "Anal-yst" findings. I find it strange they didn't put this in their report.

tangsookiam1947      ( Date: 14-Dec-2022 10:36) Posted:

iFAST' s Share Price Soared 25% in a Month: Can the Fintech Revisit its All-Time High in 2023? - The Smart Investor
 

Growing and building its platform

Meanwhile, iFAST has been busy building its platform capabilities.

Its Singapore iGM division developed a new bond trading interface for its clients, and a debit card was also launched in 3Q2022 to enable clients to spend money in their cash accounts.

Physical events also resumed in Hong Kong, where the business-to-business (B2B) division held a &ldquo What and Where to Invest in 2H2022&rdquo information session to attract financial advisors.

iFAST helped to provide investment insights to assist these advisors to manage their clients&rsquo portfolios better.

Get Smart: Patience wins the day

In the short term, there will be further volatility that will dent investor sentiment, keeping them away from the markets and lowering fund inflows.

However, investors can look forward to contributions from iFAST&rsquo s e-pension division by the second half of next year.

This division is unaffected by market volatility and promises to take the group&rsquo s net profit to a new high if executed and managed properly.

All investors need is patience and to have faith that management can deliver as promised.



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tongphlp
Supreme
14-Dec-2022 11:11     
 
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 Alert Admin 		that' s why I have always said - ANALysts are as good as fortune tellers....get it right people praise them to the SKY, get it wrong, they get Hell..
So chun everyone is rich now..

ninjawarrior      ( Date: 14-Dec-2022 10:44) Posted:

Interesting....how come Citi analyst didn't consider this in their report....it should be part of their "Anal-yst" findings. I find it strange they didn't put this in their report.

tangsookiam1947      ( Date: 14-Dec-2022 10:36) Posted:

iFAST' s Share Price Soared 25% in a Month: Can the Fintech Revisit its All-Time High in 2023? - The Smart Investor
 

Growing and building its platform

Meanwhile, iFAST has been busy building its platform capabilities.

Its Singapore iGM division developed a new bond trading interface for its clients, and a debit card was also launched in 3Q2022 to enable clients to spend money in their cash accounts.

Physical events also resumed in Hong Kong, where the business-to-business (B2B) division held a &ldquo What and Where to Invest in 2H2022&rdquo information session to attract financial advisors.

iFAST helped to provide investment insights to assist these advisors to manage their clients&rsquo portfolios better.

Get Smart: Patience wins the day

In the short term, there will be further volatility that will dent investor sentiment, keeping them away from the markets and lowering fund inflows.

However, investors can look forward to contributions from iFAST&rsquo s e-pension division by the second half of next year.

This division is unaffected by market volatility and promises to take the group&rsquo s net profit to a new high if executed and managed properly.

All investors need is patience and to have faith that management can deliver as promised.



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ninjawarrior
Member
14-Dec-2022 10:44     
 
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 Alert Admin 		Interesting....how come Citi analyst didn't consider this in their report....it should be part of their "Anal-yst" findings. I find it strange they didn't put this in their report.

tangsookiam1947      ( Date: 14-Dec-2022 10:36) Posted:

iFAST' s Share Price Soared 25% in a Month: Can the Fintech Revisit its All-Time High in 2023? - The Smart Investor
 

Growing and building its platform

Meanwhile, iFAST has been busy building its platform capabilities.

Its Singapore iGM division developed a new bond trading interface for its clients, and a debit card was also launched in 3Q2022 to enable clients to spend money in their cash accounts.

Physical events also resumed in Hong Kong, where the business-to-business (B2B) division held a &ldquo What and Where to Invest in 2H2022&rdquo information session to attract financial advisors.

iFAST helped to provide investment insights to assist these advisors to manage their clients&rsquo portfolios better.

Get Smart: Patience wins the day

In the short term, there will be further volatility that will dent investor sentiment, keeping them away from the markets and lowering fund inflows.

However, investors can look forward to contributions from iFAST&rsquo s e-pension division by the second half of next year.

This division is unaffected by market volatility and promises to take the group&rsquo s net profit to a new high if executed and managed properly.

All investors need is patience and to have faith that management can deliver as promised.

TANPK123      ( Date: 14-Dec-2022 10:36) Posted:

Lost report you mean ? TP $3.20. Will be stable around there. Selling down call for no
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tangsookiam1947
Master
14-Dec-2022 10:36     
 
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 Alert Admin 		iFAST' s Share Price Soared 25% in a Month: Can the Fintech Revisit its All-Time High in 2023? - The Smart Investor
 

Growing and building its platform

Meanwhile, iFAST has been busy building its platform capabilities.

Its Singapore iGM division developed a new bond trading interface for its clients, and a debit card was also launched in 3Q2022 to enable clients to spend money in their cash accounts.

Physical events also resumed in Hong Kong, where the business-to-business (B2B) division held a &ldquo What and Where to Invest in 2H2022&rdquo information session to attract financial advisors.

iFAST helped to provide investment insights to assist these advisors to manage their clients&rsquo portfolios better.

Get Smart: Patience wins the day

In the short term, there will be further volatility that will dent investor sentiment, keeping them away from the markets and lowering fund inflows.

However, investors can look forward to contributions from iFAST&rsquo s e-pension division by the second half of next year.

This division is unaffected by market volatility and promises to take the group&rsquo s net profit to a new high if executed and managed properly.

All investors need is patience and to have faith that management can deliver as promised.

TANPK123      ( Date: 14-Dec-2022 10:36) Posted:

Lost report you mean ? TP $3.20. Will be stable around there. Selling down call for now

tangsookiam1947      ( Date: 14-Dec-2022 10:31) Posted:

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