Back

Latest Forum Topics / IFAST    Last:8.9    -0.01

Post Reply

EZRA HOLDINGS - RED HOT NEWS Post Reply Rate topic
deltaforce2024 Member	03-Sep-2024 22:56        deltaforce2024 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore is not China. That' s why you shouldnt publish anonymous research reports online, show your name and positions! If you dont know regulation, try Chatgpt. uiop1223      ( Date: 03-Sep-2024 22:20) Posted: Dont be childish. Singapore is not china. If a company is good, short seller cant bring down deltaforce2024      ( Date: 03-Sep-2024 19:43) Posted: I have just reported Sakura Research to MAS and SGX. They are manipulating the stock markets. The authors will be in jail very soon. Dont play play in Singapore.
Useful To Me  Not Useful To Me
uiop1223 Supreme	03-Sep-2024 22:20        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont be childish. Singapore is not china. If a company is good, short seller cant bring down deltaforce2024      ( Date: 03-Sep-2024 19:43) Posted: I have just reported Sakura Research to MAS and SGX. They are manipulating the stock markets. The authors will be in jail very soon. Dont play play in Singapore.
Useful To Me  Not Useful To Me
tangsookiam1947 Master	03-Sep-2024 22:13        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	iFast Corporation: Refuting Short-Seller Claims &ndash minichart.com.sg   iFast Corporation: Refuting Short-Seller Claims: iFast Corporation has denied claims made in a short-seller report by Sakura Research, which questioned the sustainability of iFast&rsquo s Hong Kong ePension division&rsquo s revenue, the health of its UK digital bank, and its overall profitability. Sustained Revenue from ePension Division: iFast asserts that its ePension division in Hong Kong will maintain revenue over a seven-year contract period, despite the short-seller&rsquo s prediction of a significant revenue drop after the project&rsquo s full implementation in 2025. Industry Analyst Support: CGS International analyst Andrea Choong and UOB Kay Hian analyst Heidi Mo refuted Sakura Research&rsquo s claims, highlighting iFast&rsquo s solid financial position and growth prospects, particularly with the upcoming onboarding of additional trustees to the ePension project. UK Digital Bank Prospects: iFast&rsquo s UK digital bank, iFast Global Bank, aims to break even by Q4 2024. Comparisons made by Sakura Research between iFast Global Bank and other digital banks like GXS Bank were deemed unfair by analysts, who noted iFast&rsquo s focus on a broader customer base and revenue from loans. Improved Profitability Metrics: iFast&rsquo s profit before tax for the latest half-year stood at S$37.9 million, with a ratio of operating profit to assets under administration (AUA) improving to 0.169%, up from 0.047% in 2023. The decline in 2022 was attributed to impairments and higher operating expenses related to new projects. Stock Impact: Since the release of the short-seller report on Aug 19, iFast&rsquo s shares have fallen by 3% to S$7.07 as of Aug 30, with a year-to-date decline of 13.9%. Thank you turtletrader      ( Date: 03-Sep-2024 18:39) Posted: Exactly, it seems v low cost to set up a website & issue opinion piece to gain supporters for financial benefits. I have sent the Sakura Research link to regulator at [email protected] to investigate the claims on iFAST and also on Sakura Research itself. Does Sakura Research needs to be regulated like those research houses own by banks/stockbrokers? Hopefully the regulator can step in for more clarity, rather than you say/I say&hellip
Useful To Me  Not Useful To Me
tangsookiam1947 Master	03-Sep-2024 22:09        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	well done! deltaforce2024      ( Date: 03-Sep-2024 19:46) Posted: Stock manipulation is a seriour offence under SFA.  let' s wait for the authors of Sakura Research to be in Changi Prison very soon.
Useful To Me  Not Useful To Me
2egg4kosong Veteran	03-Sep-2024 20:54        2egg4kosong About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	What kind of ceo will shift his head constantly while giving an interview? iFast looks interesting ... nice work sakura! https://youtu.be/s1hi-kKkOlQ?si=wdC-Ow2YlRNmV6M5
Useful To Me  Not Useful To Me
bamboo300306 Veteran	03-Sep-2024 20:40        bamboo300306 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Yeah, hope Mas and SgX can strip ifast to see the truth. bamboo300306      ( Date: 04-Jun-2024 17:17) Posted: This is a typical tactic to suck your money. If business do good why still issue debt at so high interest.
Useful To Me  Not Useful To Me
tangsookiam1947 Master	03-Sep-2024 19:46        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	well done! deltaforce2024      ( Date: 03-Sep-2024 19:43) Posted: I have just reported Sakura Research to MAS and SGX. They are manipulating the stock markets. The authors will be in jail very soon. Dont play play in Singapore.
Useful To Me  Not Useful To Me
deltaforce2024 Member	03-Sep-2024 19:46        deltaforce2024 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Stock manipulation is a seriour offence under SFA.  let' s wait for the authors of Sakura Research to be in Changi Prison very soon.
Useful To Me  Not Useful To Me
deltaforce2024 Member	03-Sep-2024 19:43        deltaforce2024 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have just reported Sakura Research to MAS and SGX. They are manipulating the stock markets. The authors will be in jail very soon. Dont play play in Singapore.
Useful To Me  Not Useful To Me
turtletrader Senior	03-Sep-2024 18:39        turtletrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Exactly, it seems v low cost to set up a website & issue opinion piece to gain supporters for financial benefits. I have sent the Sakura Research link to regulator at [email protected] to investigate the claims on iFAST and also on Sakura Research itself. Does Sakura Research needs to be regulated like those research houses own by banks/stockbrokers? Hopefully the regulator can step in for more clarity, rather than you say/I say&hellip
Useful To Me  Not Useful To Me
moneynoenough Senior	03-Sep-2024 16:25        moneynoenough About Contact  Quote this Post!   Mood: Yells: "ikan bilis "
x 0   x 0  Alert Admin	so easy nowadys 2 a.i generate an opinion piece n gain lotz of supporters with benefits.. short 2 < 1 or long 2 > 10 ..? mana roaring kittylion or goat wb..?
Useful To Me  Not Useful To Me
bernardc Elite	03-Sep-2024 14:30        bernardc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Coy must respond. Or take them to court If none of the above..SP will slide for along time alexvar      ( Date: 03-Sep-2024 12:32) Posted: Actually OLAM management did respond to Muddy Waters and refuted the report, point by point. in contrast, iFAST management does not even want to answer accounting questions & allegations raised by Sakura Research. I wonder why? Does iFast have accounting issues to hide? https://www.scribd.com/document/763110745/Accounting-Questions-for-iFAST-Corporation-Ltd https://sakuraresearch.com/?p=22 As a publicly-listed company, iFast must answer the raised accounting questions & allegations.
Useful To Me  Not Useful To Me
alexvar Senior	03-Sep-2024 12:32        alexvar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually OLAM management did respond to Muddy Waters and refuted the report, point by point. in contrast, iFAST management does not even want to answer accounting questions & allegations raised by Sakura Research. I wonder why? Does iFast have accounting issues to hide? https://www.scribd.com/document/763110745/Accounting-Questions-for-iFAST-Corporation-Ltd https://sakuraresearch.com/?p=22 As a publicly-listed company, iFast must answer the raised accounting questions & allegations.
Useful To Me  Not Useful To Me
dxxxxxxd Member	03-Sep-2024 12:25        dxxxxxxd About Contact  Quote this Post!
x 0   x 0  Alert Admin	The last time Olam got hit with suspicious shady accounting, did the similar newspaper response, if I can remember correctly - threaten to sue, never U-turn since...
Useful To Me  Not Useful To Me
alexvar Senior	03-Sep-2024 12:02        alexvar About Contact  Quote this Post!
x 0   x 0  Alert Admin	You are confusing balance sheet/financial position, with the statement of cash flows. The bottom line is that iFast can' t generate meaningful free cash flows since 2020-2021 covid boom. That' s why iFast recently raised a $100m bond. iFast is so pathetic that they use UK bank customers money to massively inflate their pathetic operating cash flows. Without UK bank customer money, iFast can' t generate any meaningful cash vs. iFast massive market cap  of $2.1B (free cash flow yield below 1%). iFast generates ~$20-$40m SGD operating cash flow, uses that to pay dividends ($15m) and pay annual Capex (capital expenditures) of ~$20m. Regarding its balance sheet, iFast massive growth in total liabilities by 955% within 2.5 years (since 2021) is very concerning, while their equity only grew ~124%. iFast seems so over-leveraged! The worst part is that iFast Management declined to answer Sakura Research' s Accounting Questions. Business Times " iFast, analysts refute short-seller claims that business is unsustainable. iFast says it has continued to guide for revenue from its ePension division to be sustained over a contract period of seven years. In response to queries from BT, iFast declined to comment on most of the allegations made by Sakura Research." So pathetic of iFast management.  iFast management does not want to respond to accounting questions & allegations raised by Sakura Research.      https://www.scribd.com/document/763110745/Accounting-Questions-for-iFAST-Corporation-Ltd https://sakuraresearch.com/?p=22 iFast Corporation Ltd: Questions for Management (SGX:AIY) DYODD.
Useful To Me  Not Useful To Me
turtletrader Senior	02-Sep-2024 16:50        turtletrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Page 5 : Current Liabilities (Statement of Financial Positiion) iFAST_ Result Announcement_2Q2024.ashx (sgx.com) The Depositi is 646.6 million as at 2nd Q 2024, categorized as current liabilites. Page 6 the Changes of desposit & balances of banking opetrations of 126.57 million is categorized as part of operating cash flows & it is correct as per acconting standard. Don' t think any lised co on SGX will blatantly wrongly categorised such as amount & hoping MAS & SGX are sleeping..... Sakura Research says iFAST only worth $1 is valueting the company as stock broker. UOB-Kayhian PER is around 5.79. iFAST at $1 will have market cap of $298 million. Latest 2nd Q profitl at 15.83 million, annualized around 63.32 million, PER of 4.7 X. iFAST is a fintech company, not a stocknroker. Last round when Citi issued a sell call iFAST declined a lot. This round not much reaction to Sakura Research on its very negative call since 19 Augsut 2024. Think institutional funds just ignore the research opinion. Normal to have bull & bear to have divergent opinion. If we all think alike then there is no market:)
Useful To Me  Not Useful To Me
alexvar Senior	02-Sep-2024 15:40        alexvar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like you have not read the recent report by Sakura Research. https://www.scribd.com/document/760044840/SR-Opinion-iFast-Research-Report iFast operating cash flows are sort of garbage. iFast inflates its cash flows by adding the UK iGB Bank customer deposits are their operating cash inflows! without the UK bank customer deposits, their operating cash flows are sooooo bad! they barely cover their annual dividend payment of ~15m and annual Capital expenditures of ~20m. UK bank customer deposit inflows are liabilities/form of fund, and they should be under FINANCING cash flow. iFast uses Bank customer funds to inflate their operating cash flows DYODD.
Useful To Me  Not Useful To Me
turtletrader Senior	02-Sep-2024 15:22        turtletrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Page 7: Statement of Cash Flows for iFAST: iFAST_ Result Announcement_2Q2024.ashx (sgx.com) Cash generated from operations 141.48 million for 2nd Qarter Net cash from operating activities 138.72 million.   Cash and cash equivalents at end of the period 560.5 million (2nd Q 2024) Thought the cash flows is quite meaningful & significant.
Useful To Me  Not Useful To Me
alexvar Senior	02-Sep-2024 12:35        alexvar About Contact  Quote this Post!
x 0   x 0  Alert Admin	I tend to think so based on what I have read. iFast can' t generate meaningful free cash flows, and iFast balance sheet is showing increasing stress with total liabilities growing very quickly vs. equity. UOB Kay Hian is much better, with much much stronger free cash flows, much healthier balance sheet, and much higher dividend yield. UOB Kay Hian is also a possible takeover target by its parent UOB Bank. DYODD, vested. Also, in contrast to ifast, UOB Kay Hian has a great access to the US equity market trading volumes. iFast still does not have US markets custodian broker license.
Useful To Me  Not Useful To Me
alexvar Senior	30-Aug-2024 12:35        alexvar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trust Bank owners are Standard Chartered Bank (Singapore), NTUC Enterprise, and FairPrice Group. Don' t confuse well-running and well-backed Trust Bank, with ifast iGB bank. ifast iGB bank is a sort of glorified money remittance service, competing with REVOLUT and WISE, and so many more much stronger competitors. ifast EzREMIT service website is not even working yet. hahaha https://www.ezremit.com/
Useful To Me  Not Useful To Me

                                                         First   < Newer   5481-5500 of 14032   Older>   Last