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IFAST
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Adventus
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sgtrader
Senior |
13-Oct-2024 01:02
Yells: " Earn the right to WITHDRAW consistently." |
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Took Some Profits 1st.. Wait for retracement to enter again.. 
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moneynoenough
Senior |
09-Oct-2024 19:34
Yells: "ikan bilis " |
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85..?
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tangsookiam1947
Master |
07-Oct-2024 22:19
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Huat how BIG?
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huattuatua
Elite |
07-Oct-2024 11:24
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just realised that ifast broke up from a nice symmetrical triangle think those vested gonna huat big le. |
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tangsookiam1947
Master |
06-Oct-2024 17:19
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If iFast&rsquo s net inflow can increase to $5 billion per annum (currently, the net inflow is already more than $2 billion per annum), $10 is really nothing at all. At $10, the market capitalization is only $3 billion.
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Giant8888
Senior |
06-Oct-2024 12:08
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How nice if we see big SHORT SQUEEZE akin to gamestop. Towards $10? Or more to kill those short sellers. Shortists die pain pain.
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tangsookiam1947
Master |
04-Oct-2024 22:05
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SGX RegCo will closely monitor for any malicious stock manipulation activities. In Singapore, such activities are taken very seriously, and you cannot engage in them for long without facing consequences..... So, better dont play play...
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turtletrader
Senior |
04-Oct-2024 11:25
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I am quite skeptical of pronosis by Master Leong. A true master will not self-proclaim he/she is the master. Comparing iFAST to UOB Kayhian is like comparing maoshanwang to orange. The flower team recommended to buy UOB Kayhian and short iFAST, putting iFAST value below S$1. How come so similiar is the view:)) |
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tangsookiam1947
Master |
01-Oct-2024 19:52
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MAster Leong - How ?
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moneynoenough
Senior |
01-Oct-2024 18:01
Yells: "ikan bilis " |
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ding ding... aft 2mths of brutal bout ah lim seemed to knock out the lights of the flower gang at this juncture.. price movement has cleared 19/8 25/10 is showtime.. will flower gang goes into the abyss or will the empire strikes back.. |
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tangsookiam1947
Master |
28-Sep-2024 13:34
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which one can go crazy? iFast share price?
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positivity88
Veteran |
27-Sep-2024 11:47
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dont forget our IFAST FINTECH HK-CHINA related too... can go crazy if come into play | ||||
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superstartup
Supreme |
27-Sep-2024 11:06
Yells: "Enjoy doing Fundamental Research" |
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This IFAST Now cannot sell SGX stocks online Some system problem Call, cannot go thru Livechat, keep saying busy, ask to email After they expand to HK, their stable system is no longer stable Jialat Not I cannot take profit on another 2 counters |
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tangsookiam1947
Master |
25-Sep-2024 19:24
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no point correcting misinformation...Eventually, they may miss out a golden gem...haha.. let them be...haha
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uiop1223
Supreme |
25-Sep-2024 17:55
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AUA is correct. IFast bank is administrator of deposits.
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alexvar
Senior |
25-Sep-2024 14:03
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In its 2023 annual report submitted to SGX, iFast reported a total pre-tax loss for the UK bank of approximately £ 8 million (the sum of S$8.6 million for 2022 and S$5 million in losses in 2023). However, iFast Global Bank in the UK recorded a total loss of £ 17.57 million GBP for both 2022 and 2023 (the sum of -5.71m and -11.8m GBP) https://www.ifastgb.com/assets/static-file/investor-relations/iFAST%20Global%20Bank%20Ltd.%20Annual%20Report%202023.pdf page 33. Did iFast Corp understate and underreport its UK banking operations loss by around £ 9-10 million GBP over these two years (2022 and 2023)? |
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alexvar
Senior |
25-Sep-2024 13:58
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Hey, have you listened to iFast' s latest webcast? CEO Chung seems to say that the UK bank deposits are counted towards iFast wealth platform' s AUA. is this even Legal? Source: iFAST Corp 2Q2024 & 1H2024 Results Briefing on YouTube (12:19 / 1:00:24) https://www.youtube.com/embed/aivg1PTSprU?si=8zi-HBmQgGZjZiaB
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uiop1223
Supreme |
10-Sep-2024 09:03
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To add.. Deposits can be reported as AUA. IFast didnt indicate as AUM, deposits is liability and cannot be reported as AUM. So shakura report is misleading.
The only concern js the aging of receivables and whats the r/s to payables also taking longer to pay off. |
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KennyTanKW
Member |
09-Sep-2024 12:14
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Is iFAST Corporation Ltd.'s (SGX:AIY) CEO Overpaid Relative To Its Peers? Simply Wall St Fri, Jan 10, 2020 In this article: Chung Lim is the CEO of iFAST Corporation Ltd. (SGX:AIY). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Then we'll look at a snap shot of the business growth. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. The aim of all this is to consider the appropriateness of CEO pay levels. Check out our latest analysis for iFAST How Does Chung Lim's Compensation Compare With Similar Sized Companies? At the time of writing, our data says that iFAST Corporation Ltd. has a market cap of S$285m, and reported total annual CEO compensation of S$657k for the year to December 2018. While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at S$317k. We examined companies with market caps from S$135m to S$540m, and discovered that the median CEO total compensation of that group was S$1.0m. A first glance this seems like a real positive for shareholders, since Chung Lim is paid less than the average total compensation paid by similar sized companies. Though positive, it's important we delve into the performance of the actual business. The graphic below shows how CEO compensation at iFAST has changed from year to year. SGX:AIY CEO Compensation, January 10th 2020 SGX:AIY CEO Compensation, January 10th 2020 Is iFAST Corporation Ltd. Growing? iFAST Corporation Ltd. has increased its earnings per share (EPS) by an average of 17% a year, over the last three years (using a line of best fit). Its revenue is down 1.5% over last year. Overall this is a positive result for shareholders, showing that the company has improved in recent years. Revenue growth is a real positive for growth, but ultimately profits are more important. You might want to check this free visual report on analyst forecasts for future earnings. Has iFAST Corporation Ltd. Been A Good Investment? I think that the total shareholder return of 37%, over three years, would leave most iFAST Corporation Ltd. shareholders smiling. As a result, some may believe the CEO should be paid more than is normal for companies of similar size. In Summary... iFAST Corporation Ltd. is currently paying its CEO below what is normal for companies of its size. Since the business is growing, many would argue this suggests the pay is modest. The strong history of shareholder returns might even have some thinking that Chung Lim deserves a raise! It's not often we see shareholders do so well, and yet the CEO is paid modestly. It would be even more positive if company insiders are buying shares. | ||||
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tangsookiam1947
Master |
08-Sep-2024 09:55
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iFASTAR2022.pdf (ifastcorp.com) The business world is a rapidly changing world, particularly in recent years as the Internet has fundamentally rewritten the business models in many industries. In iFAST, we have always believed that we need to preempt the future business landscape, and extend the business foundation that we have from time to time. A phase that we have gone through whereby we felt the need to extend our foundation was in 2015 to 2017. Following the listing of iFAST Corporation Ltd. on the Singapore Exchange in December 2014, the Group decided that it needs to evolve from being &lsquo a unit trust platform&rsquo to being &lsquo a wealth management platform&rsquo . Hence, there have been investments into platform capabilities that included being able to handle stocks, ETFs and bonds. Unfortunately, that step-up in investments phase also coincided with a period whereby financial market conditions were relatively tough. That led to a reduction in the short-term profitability of the Group, but substantially strengthened the long-term future prospects, as can be seen from the growth achieved from 2018 to 2021. In recent years, the Group decided that to further strengthen the long-term prospects of the Group in the next decade, having digital banking capabilities and having a truly global business model are important. The Group believes that the future of wealth management is one where many investors from various emerging markets will be looking for the best wealth management platforms across the world that can provide them seamless access and connectivity to global products and global exchanges. To ensure success, an important component of our Fintech Ecosystem will be a global digital bank that allows consumers and investors to manage payment flows seamlessly across borders while getting attractive deposit rates in various currencies. Banks operate at what we call the &lsquo foundation layer&rsquo in the financial world, in the same way that Microsoft&rsquo s operating system and Android operate in the foundation layers of the technology world. Having a bank as part of our ecosystem will allow the Group to be able to innovate better in the long run. Hence, we made the decision to acquire a full licence bank in United Kingdom, a well-trusted jurisdiction. During the year 2022, the Group completed the acquisition of BFC Bank, which has since been renamed iFAST Global Bank. This is an important step in the Group&rsquo s journey to become a global digital banking and wealth management platform with a truly global business model. iFAST Global Bank will soon be launching its Digital Personal Banking division, which will allow people from all over the world to open accounts digitally, hold deposits in various currencies, and offers seamless links to our wealth management platforms in various countries. Unfortunately, our investments into banking also coincided with a period whereby financial market conditions were very tough, thereby leading to a substantial decline in group profitability in 2022. The Group&rsquo s AUA declined 8.3% to S$17.4 billion in 2022 as a result of declines in stock and bond markets. That however masked the fact that Group&rsquo s net inflows of client assets have remained healthy at S$2.1 billion. We see net inflows of client assets as the most important indicator of our long-term growth potential. As noted above, 2022 can be described as a year whereby the Group made some important strategic investments to position ourselves for a more exciting future, but that coincided with a period of very tough financial market conditions globally. However, following the tough 2022, we expect to enter a period of high growth in revenue and profitability between 2023 to 2025. This will lead to new highs in revenues and profitability. This is expected as our ePension division in Hong Kong starts to contribute substantially, and as the Group strives to ensure that for our core platform business, growth in net revenues will be higher than growth in operating expenses. The Group also expects to see some initial tangible progress in iFAST Global Bank. Even as the Group expands into banking, we expect to retain the key strengths of our business models &ndash cash generative, and with an emphasis on having a high percentage of recurring income. Our Hong Kong ePension Division will help to drive our overall group profitability substantially, as can be seen in our guidance of targeted Gross Revenue of over HKD 1.6 billion and Profit Before Tax of over HKD 500 million by 2025 for our overall Hong Kong business. iFAST Global Bank has a very strong balance sheet, and the Group will ensure that the bank will continue to have a conservative stance in balance sheet management. Despite that, we expect that the Group as a whole will be able to have a cash generative business model with a strong return on equity (ROE). This is because both our existing core platform business as well as the ePension Division essentially generate fee incomes that are not dependent on having a big balance sheet. A strong cash generative business model will allow the Group to continue to have a dividend policy that rewards shareholders in line with the growth of the overall Group profitability. In summary, we have clear and ambitious plans to bring the Group forward to much greater heights during this decade. However, following several sets of weak quarterly numbers, and given the recent uncertainties in global financial markets, it is understandable that some of our shareholders will be skeptical of the Group&rsquo s ability to deliver on our plans. I can only remind our shareholders that in the business world, companies cannot afford to just focus on immediate quarterly numbers in its business executions. Strategic directions cannot be decided based on very short-term quarterly considerations. In fact, in our case, the next 3 years present a very good timing for the Group to execute its plans. While the financial results grow more strongly as a result of the contributions from our ePension Division, we take the chance to evolve into a strong global digital banking and wealth management player. We are striving to make this decade a golden decade for the Group, and we invite shareholders who share our long-term vision to continue on this journey with us. |
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