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up and coming
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SGPhantom
Master |
08-Dec-2020 18:05
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Think he meant Pension Funds for HK. Just don't know the difference. :)
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uiop1223
Supreme |
08-Dec-2020 18:03
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U buy iFast at high price issit? 😂 😂 😂 😂
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uiop1223
Supreme |
08-Dec-2020 18:00
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What makes u think so? 🤔
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Piston88
Supreme |
08-Dec-2020 17:52
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U lose money on Singtel is it ?
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Flyingtask
Supreme |
08-Dec-2020 17:49
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Sorry, where did u get the info that they are trying to get HK banking license?
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ETLee8
Master |
08-Dec-2020 17:47
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As I said, IFast is a cornered stock. The free float is very small and in the hands of a few (total shares 272M). Easy to fight back. But going forward need to be very careful as they is no fundamentals, very unlikely to get the HK digital banking licence too. Take Care. My 2 cents worth. |
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Flyingtask
Supreme |
08-Dec-2020 17:42
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I find your comment amusing. Anyway, to each its own.
There are many loss making company in the world with hyper growth. You may read up. https://www.biznews.com/premium/2020/01/14/loss-making-companies-best-stock-market-investments As long as the company has potential, this is the main driver as long as it can manage the finances. Furthermore, ifast is not loss making yet.
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uiop1223
Supreme |
08-Dec-2020 17:29
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Prior profit $4m, surge 150% is nothing.. what is $6m? Penny stock standard? | ||||
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Flyingtask
Supreme |
08-Dec-2020 16:29
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https://sg.yahoo.com/finance/news/ifast-share-price-crashed-31-040020302.html
Core business still doing well Despite its unsuccessful bid, investors should note that the group?s core business continues to post impressive growth. For its third-quarter 2020 earnings, iFAST saw a 35.7% year on year jump in net revenue. Profit attributable to shareholders surged by 150% year on year to S$6.2 million. Its assets under administration (AUA) also hit a new record high of S$12.59 billion as of 30 September 2020. The group hiked its interim dividend from S$0.0075 to S$0.008 in a show of confidence for its future. The slight increase was to balance out the need to reward shareholders versus the capital it needed to retain if it won the digital bank licence. A blessing in disguise? iFAST?s inability to snag the DWB licence may even be a blessing in disguise. The group did not have the experience in digital payments or possess a digital wallet and would need to leverage heavily on its Chinese partners? expertise and knowledge. A steep learning curve meant that the risks of making mistakes were higher, vis-Ã -vis its competitors who are more experienced and well-capitalised. Winning the licence would also have meant committing a substantial upfront capital commitment to ensure the digital bank is well-capitalised, as per MAS requirements. The minimum paid-up capital for a DWB is S$100 million, and based on iFAST?s proposed 65% ownership of the new digital bank, this was still a hefty S$65 million required. As of 30 September, iFAST held just S$30.3 million in cash and bank balances. As such, the group will have to raise a substantial sum of money through either bank borrowings or an equity fund-raising to stump up the required capital. Also, with the overhang on the digital bank result gone, the group can now focus on growing and expanding its core business. Income-seeking investors may also be pleasantly surprised if iFAST can increase its dividend payout now that it does not require significant capital for its digital bank initiative. Get Smart: Long-term prospects still intact At the current share price, iFAST is trading at a historical price-earnings ratio of around 44.5 times. On a historical price to free cash flow basis, the shares are slightly cheaper at 34.7 times. It?s important to remember that these valuations account for iFAST?s past earnings and free cash flow, but do not account for its future growth. The group should continue to enjoy healthy inflows that will continue to boost its AUA, thereby increasing its top-line over time. As operating leverage kicks in, and with lower anticipated expenses as a result of not having to fund the digital bank initiative, iFAST could see earnings continue to climb in the interim. Its long-term prospects seem bright, and the group has also not ruled out applying for a digital bank licence in other jurisdictions.
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Piston88
Supreme |
08-Dec-2020 14:47
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🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 | ||||
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hokpin
Supreme |
08-Dec-2020 14:37
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Back to fly again! | ||||
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Piston88
Supreme |
08-Dec-2020 14:31
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有 财 者 看 有 ， 无 财 者 看 没 。
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SGPhantom
Master |
08-Dec-2020 14:23
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How do you even come up with the end Dec number? You were saying $4 by yesterday, I also don' t know how you came up with that number. Please don' t shoot from the hips.
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Piston88
Supreme |
08-Dec-2020 13:58
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Yes .... that is why many buying today and yesterday. All my gang targeting 5.00 by end of Dec . Anyway the Hong Kong thing is by this month
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Piston88
Supreme |
08-Dec-2020 13:56
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I think next ifast will be ISDN . Been monitoring for sometime. Bro and sis here can share your opinion if any . | ||||
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ETLee8
Master |
08-Dec-2020 13:54
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The free float is small. Lucky it is a cornered stock. Good Luck | ||||
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Kai189
Veteran |
08-Dec-2020 13:50
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i believe Ifast stands a good chance. have a good vibe on Ifast
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Unknown123
Member |
08-Dec-2020 13:40
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The question is when announce the results? When release
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Piston88
Supreme |
08-Dec-2020 13:39
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Ho sei
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john_ric
Supreme |
08-Dec-2020 13:37
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2.99 now. 1 cent below $3. give yoursel a pat on the shoulder.
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