Latest Forum Topics /
IFAST
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up and coming
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alexvar
Senior |
21-Feb-2025 04:00
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Blah blah blah, but still no revenues or profits range guidance for the Hong Kong operations for 2026. Is this because iFAST&rsquo s Hong Kong revenues could drop by 70-80% starting in 2026, once the eMPF (ePension) project implementation and all trustees onboarding end in 2025?  As per https://www.asiaasset.com/post/24267-mpfa-0201, the Hong Kong eMPF (ePension) project implementation will last 2-3 years, ending in 2025.
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tangsookiam1947
Master |
20-Feb-2025 22:22
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https://www.ifastcorp.com/ifastcorp/mediahubcontent/1122/en/2023iFASTCorpAGM-Q& A.pdf
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tangsookiam1947
Master |
20-Feb-2025 22:21
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iFASTCorp2023-AGM-Q& A Qn 6 With regard to Hong Kong ePension, the guidance was for PBT to reach HKD 100 million in 2023, HKD 250 million in 2024 and HKD 500 million in 2025. Is the target still on-track given the delay in the project? Has the onboarding issue been resolved? Are there any variable component after 2025 besides service fee? For the Hong Kong ePension division, there are two main parts, and the biggest is the eMPF project, and the other part is ORSO (Occupational Retirement Schemes). After the onboarding of eMPF, the majority of revenue contribution to Hong Kong operations will be from the eMPF project especially in 2024. In addition, the Company is also working on the ORSO business and we expect to see some contribution from ORSO. For the ePension business, the revenue is earned from fixed service fee decided beforehand and is not subject to fluctuations in the stock market or the Group&rsquo s AUA. For the ORSO part of the business, iFAST handles the IT platform and the ongoing administration, and the revenue earned will be a certain proportion of AUM, and hence there might be variability based on overall market conditions. Going forward, in the next few years, it can be assumed that there will be limited fluctuations due to stock market movements for the majority of the ePension revenue. Guidance provided by the Company included delay in the project and there is no change to the guidance provided earlier. Despite the delay, work is ongoing, including the onboarding and preparation process, and we will continue to see contribution coming in later this year. ............ |
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alexvar
Senior |
20-Feb-2025 21:40
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IFAST Trade receivables have increased significantly in 2024, more than doubling in 2024 compared to 2023. With iFAST trade receivables at a staggering S$282 million as of 31-Dec-2024, now it takes iFAST about 10 months to collect its invoice money from its customers. How is that possible? No wonder Temasek companies are dumping iFAST. Seems like a smart thing to do for analytic investors. DYODD
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alexvar
Senior |
20-Feb-2025 21:35
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Ya, iFAST can' t seem to generate cash to even pay a 1 percent dividend and its annual capital expenditures. Once you remove the UK bank customers money from iFAST, its operating cash flows are dogsheet. I like the cash-rich UOBKH and UOB better. They can actually generate solid cash flows. UOBKH - over 1 year, it is up about 50% ! iFAST - looks like kinda flat.
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tangsookiam1947
Master |
20-Feb-2025 20:48
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u can wait at $1 to buy....hahaha
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st3p178
Member |
20-Feb-2025 20:45
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Alibaba vs iFast.  Alibaba result stocks move. 💪 ifast result stock never move... 🤦 &zwj ♂ ️ listed in sgx?  See below numbers... 🤣 🤣 🤣 Alibaba Group Holding Limited reported its financial results for the quarter ended December 31, 2024, demonstrating notable growth across key financial metrics.   Revenue Growth: The company achieved an 8% year-over-year increase in revenue, totaling RMB280.15 billion (US$38.58 billion) for the December quarter.     Adjusted EBITA Growth: Adjusted EBITA rose by 4% year-over-year to RMB54.85 billion (US$7.52 billion) in the December quarter, reflecting improved operating efficiency and revenue growth. Adjusted Net Income Growth: The company reported a 6% increase in non-GAAP net income, reaching RMB51.07 billion (US$7.01 billion) for the December quarter, compared to RMB47.95 billion in the same period the previous year. Adjusted EPS Growth: Adjusted earnings per American Depositary Share (ADS) were US$2.93 for the December quarter, surpassing analyst expectations of US$2.67. These results underscore Alibabaâ &euro &trade s robust performance, particularly in its international e-commerce and cloud intelligence sectors, despite a challenging economic environment.  
iFAST Corporation has reported robust financial growth for the fiscal year 2024. Key highlights include:       &bull       Revenue Growth: Total revenue increased by 49.3% year-on-year (YoY) to S$382.99 million.          &bull       Adjusted EBITA Growth: Operating profit before tax rose by 45.1% YoY to S$24.14 million in 4Q2024.          &bull       Adjusted Net Income Growth: Net profit after tax surged by 135.7% YoY to S$66.63 million.          &bull       Adjusted EPS Growth: Earnings per share (EPS) increased by 45.1% YoY to 6.47 cents in 4Q2024.    These impressive figures reflect iFAST&rsquo s successful expansion and operational efficiency throughout the year. Listed in Singapore. No use. 🤣 |
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alexvar
Senior |
20-Feb-2025 20:12
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Does anyone know why IFAST stopped reporting its revenue and profit guidance for HK ePENSION project? Since 2021, iFAST has been providing and updating the revenue and profit guidance for your Hong Kong operations for 2023, 2024, and 2025. It is 2025 already, but iFAST has still not provided any revenue or profit guidance for Hong Kong for 2026 and 2027. Is this because iFAST Hong Kong revenues could drop by 70-80% starting in 2026, once the eMPF (ePension) project implementation and trustees onboarding end in 2025? Per https://www.asiaasset.com/post/24267-mpfa-0201, the Hong Kong eMPF ePension project implementation will last 2-3 years, ending in 2025.   Hong Kong PCCW Solutions wins eMPF tender.
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behonest
Senior |
20-Feb-2025 19:38
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Tmr hang Seng will go up alibaba exceed expectations  will lift up China tech sentiment 
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leroy55
Veteran |
20-Feb-2025 17:36
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tie to hang seng tech sentiment
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st3p178
Member |
20-Feb-2025 15:26
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Ifast looking good despite Cuscaden peak sell down news.... 🤣 🤣 🤣 cannot believe despite the double in net profit to $66m, it is still below Nov 2023 price of $8.40.  Vested.  |
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stlimst
Master |
19-Feb-2025 21:05
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To each his own, Bro behonest. No right, no wrong. It is your own deicision to make. Good luck!
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behonest
Senior |
19-Feb-2025 19:05
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I sold off. I predicting hang Seng index will tank tmr due to Alibaba sell on news or disappointed results which I do feel the hyping too rosy to be true given 40 banks collapse and ailing economies.  you guys can wish me wrong. due diligence is warranted. 
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behonest
Senior |
18-Feb-2025 11:16
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Chinese stocks in Hong Kong edged higher after a meeting between President Xi Jinping and prominent entrepreneurs signaled Beijing&rsquo s endorsement of the private sector.  The Hang Seng China Enterprises Index rose as much as 1% in early Tuesday trading, with technology stocks including Alibaba Group Holding and Xiaomi  contributing the most to the gains. The CSI 300 Index, an onshore benchmark, slipped.  Speaking at the meeting, Xi promised to abolish unreasonable fines against private firms and urged entrepreneurs to maintain their competitive spirit, according to an official readout released after local markets closed on Monday.   Alibaba co-founder Jack Ma and DeepSeek founder Liang Wenfeng were among the attendees.  The show of support could signal a reversal of fortunes for private sector companies, which have buckled under an years-long regulatory crackdown as Xi enforced state control. The meeting will likely add fuel to China&rsquo s world-beating stock rally this year, which has been driven by optimism over DeepSeek&rsquo s artificial intelligence capabilities. See also:  Xi hosts summit with Jack Ma, Chinese private sector leaders   ![]() &ldquo The decision to call for such a meeting likely indicates the importance of technology innovation and the contribution of private enterprises to the development and growth of China&rsquo s economy,&rdquo Citigroup  analysts including Alicia Yap wrote in a note. &ldquo We view the emphasis on internet and tech providing valuation multiple support for China&rsquo s internet sector.&rdquo This year&rsquo s gains in technology shares have prompted bullish calls from Wall Street strategists including those at Goldman Sachs Group, Morgan Stanley and JPMorgan Chase & Co., as they expect AI to support corporate earnings and prompt a re-evaluation of the market. 
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MrBear12
Supreme |
18-Feb-2025 09:17
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Ain't got much these days
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behonest
Senior |
18-Feb-2025 09:14
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COME ON HANG SENG !!!!! SHOW US WHAT YOU GOT!!!!! | ||||
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behonest
Senior |
17-Feb-2025 19:55
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guess ifast leader are Sgx bursa xchange n hk xchange.  the new proposal by MAS disappoint the analyst and think it will not help Sgx to have more liquidity volume.  have checked with ifast   if this will hurt ifast. They came back  This statement from iFAST Corp emphasizes that its business model is  not heavily dependent on SGX trading volumesor the performance of the local stock market. Instead, it highlights its  diversified global platform  that provides access to  multiple asset classes and markets  across different countries. Key Takeaways:
Investor Perspective:
If you' re considering iFAST as an investment, it may be worth looking at its  latest financial performance and growth projections  to assess its potential amid market volatility.
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dontbetray
Master |
17-Feb-2025 19:19
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Well just so u know you seem to forget there is 大 路 syndicate or bb will play this counter.  just so u know , syndicate is not illegal. 
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alexvar
Senior |
17-Feb-2025 18:54
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Looks like the Temasek companies have started the share dumping again ?! 872,700 shares sold for $6,836,120
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MrBear12
Supreme |
17-Feb-2025 14:49
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Buy with tight stop at 800. | ||||
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