Latest Forum Topics /
IFAST
Last:5.26
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up and coming
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msksmsks
Master |
18-Jan-2023 07:57
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The rapid rise of IFast share price was due to the impending rollout of Epension platform later this year albeit a disappointing Q3 /9mths (Fy22) result and mkt had been forgiving and fwd looking .
Doubt Q4 or Fy22 may not look promising too. Those gaps created previously may possibly be covered with the delay ...($4.9 , 4.2) |
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TodaySgCny
Senior |
18-Jan-2023 05:50
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Disappointing.Stuck high.Hopefully more buyer .No cheers . | ||||
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simpleguy123
Elite |
17-Jan-2023 10:57
Yells: "GME and AMC are scams" |
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Thank you bro.
Hope you made some money 💰 from this counter too! 🙂
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tongphlp
Supreme |
17-Jan-2023 10:55
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huat ah bro!
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112233
Master |
17-Jan-2023 10:03
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pump and dump. same pattern. 🙄 | ||||
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simpleguy123
Elite |
17-Jan-2023 09:52
Yells: "GME and AMC are scams" |
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Yeap knew this years back. Fortunately i ended up on the right side of this investment.
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vivacious
Supreme |
17-Jan-2023 09:43
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buy below 5 | ||||
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Joelton
Supreme |
17-Jan-2023 09:35
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DBS downgrades iFast to " fully valued" on Hong Kong project delay
Ling Lee Keng of DBS Group Research has downgraded iFast Corp to &ldquo fully valued&rdquo from " hold" following news that its upcoming project in Hong Kong, seen as a key earnings contributor, has been delayed.
&ldquo We expect share price weakness in the near term, especially after the almost 70% rebound from end-October 2022 to mid-December 2022,&rdquo writes Ling in her Jan 16 note.
On Jan 14, iFast had said it plans to keep its earnings guidance from the project, despite the delay, as it had already provided a buffer for possible delays.
iFast maintains that it can book a profit before tax of more than HK$100 million for FY2023, and that this amount will increase to more than HK$500 million for FY2025.
&ldquo We believe this delay could lead to further increases in operating costs and push back in revenue recognition. As of 3Q22, operating costs have already increased 19.5% y-o-y,&rdquo she notes. &ldquo With this delay, we can expect further increases in operating costs.&rdquo
For the current FY2023 and coming FY2024, Ling has cut her earnings projection by 3% and 26% respectively.
Ling notes that iFast, trading at $5.86 at the time she issued her call, was already 32% higher than her target price of $3.98.
iFast shares would close Jan 16 at $5.36, down 8.53% for the day, and down 31.11% over the past year.
As announced by iFast over the weekend, the Hong Kong ePension project has fallen behind schedule by eight months because of manpower shortage due to the pandemic.
iFast is a subcontractor to PCCW Solutions, the Hong Kong tech firm leading this project to digitalise the administration of Hong Kong&rsquo s public pension fund.
With the delay, the platform would only be up and running in 2025.
According to Ling, with impending higher costs and slower growth in revenue, iFast would not able to enjoy the level of operating leverage as envisaged.
Ling notes that iFast&rsquo s financial performance is typically tied to market sentiment. &ldquo With the delay in this key project, we could expect some share price weakness in the near term.
&ldquo We would prefer to re-visit this stock again when we have more clarity on the development of the ePension project,&rdquo she adds.
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legend
Member |
17-Jan-2023 08:20
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Waiting for the rise back today ! | ||||
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tongphlp
Supreme |
17-Jan-2023 07:14
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in this market, it is entirely up to the BBs and monkeys if they want to depress a share price of shoot it up, good or bad news aside...small retailers are being sucked into this vicious cycle...
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tongphlp
Supreme |
17-Jan-2023 04:29
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RM$20 - writer forgot to put ' RM' ...
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simpleguy123
Elite |
16-Jan-2023 22:03
Yells: "GME and AMC are scams" |
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The Author didn' t read the news on the e-pension delay and didn' t price-in a knee-jerk reaction.
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Ovywind
Veteran |
16-Jan-2023 21:12
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🤦 🏽 🤦 🏽 🤦 🏽 🤦 🏽 🤦 🏽 🤦 🏽 🤦 🏽 joke of 2023
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carurhead
Member |
16-Jan-2023 17:05
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Strong resistance at 5.32 today before closing. Will rise back tmr. | ||||
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msksmsks
Master |
16-Jan-2023 15:58
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First gap covered.
Next gap 4.9 |
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legend
Member |
16-Jan-2023 13:52
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Disaster ? | ||||
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carurhead
Member |
16-Jan-2023 13:25
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Break strong resistance. Run as fast as you can | ||||
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simpleguy123
Elite |
16-Jan-2023 11:19
Yells: "GME and AMC are scams" |
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I see the bull and the bear on this thread have appeared over this news. Will make my own decisions accordingly. | ||||
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Hector
Veteran |
16-Jan-2023 09:34
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base on the report, iFast will make big losses till end 2025? Wow, why investor want to wait with oppurtunity lose? Basically, current PE level is too high. Maybe it will be another FTX or Telsa, suddnely big drop to resonable valuation price Better DYODD before buying and sell if already made some good profit so that can sleep well at night |
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msksmsks
Master |
16-Jan-2023 09:20
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Epension delayed. Wl there be any weakness ahead to cover the gap previously created.... Waiting ..... |
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