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https://www.businesstimes.com.sg/companies-markets/ifast-q3-net-profit-surges-1506-to-s62m-on-higher-revenue?amp
hokpin ( Date: 23-Oct-2020 09:29) Posted:
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A Fintech stock worth of keeping mid-long term! Huat Ah!
Typical sell on great news !?!
AttasBoss ( Date: 23-Oct-2020 08:56) Posted:
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price already up few weeks, insiders buy and sell on news. all the good profit already price in
Not sure but keep for mid-long term.
BB-trader ( Date: 23-Oct-2020 08:52) Posted:
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sell on news?
New announcement,
The Company had on 20 July 2020 increased its equity interest in the Company?s associated company, iFAST India Holdings Pte Ltd (?iFAST India Holdings?) from 43.56% to 44.76% arising from the participation in a rights issue of iFAST India Holdings, through the subscription of 2,635,382 new ordinary shares in the issued and paid-up share capital of iFAST India Holdings, at an issue price of S$0.155 for each rights share at the total cash consideration of S$408,484.21 (?Rights Issue?).
Refer to SGX for more details
The Company had on 20 July 2020 increased its equity interest in the Company?s associated company, iFAST India Holdings Pte Ltd (?iFAST India Holdings?) from 43.56% to 44.76% arising from the participation in a rights issue of iFAST India Holdings, through the subscription of 2,635,382 new ordinary shares in the issued and paid-up share capital of iFAST India Holdings, at an issue price of S$0.155 for each rights share at the total cash consideration of S$408,484.21 (?Rights Issue?).
Refer to SGX for more details
share px will catch up with dbs soon
As a Singapore home grown Fintech Company, with a track record of 20 years of profitable growth, a well-established Fintech ecosystem and its strong partnership with Yillion Group and Hande Group, iFast Corp is hopeful in getting the Digital Wholesale Banking licences although it cannot guarantee success in the DWB licence application.
At this critial period, how does Singapore Gov put into consideration when making decision to support local economy and local company in creating more jobs? DYODD!
At this critial period, how does Singapore Gov put into consideration when making decision to support local economy and local company in creating more jobs? DYODD!
hokpin ( Date: 23-Oct-2020 07:49) Posted:
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Nevertheless, still an increase of Interim Dividend from 0.75 cents to 0.80 cents from Q3' 2019 vs Q3' 2020.
hokpin ( Date: 23-Oct-2020 07:44) Posted:
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SGD 0.008 interim dividend per ordinary share was declared based on the decision of taking into consideration a balance between rewarding share holders and retaining sufficient capital in the event of a need for expansion such as ' Digital Bank' business in Singapore if the application is sucessful.
All Bros & Sis, Huat Ah!
All Bros & Sis, Huat Ah!
hokpin ( Date: 23-Oct-2020 07:38) Posted:
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A new record Quarterly Net Profit to SGD 6.16 Mil in Q3' 2020. Increase of 150.6% YOY.
Increase of 35.7% in Net Revenue YOY.
9 Months (9M2020), Net Profit grew 119.9% YOY & Net Revenue grew 27.5%.
Group AUA to a record og SGD 12.59 billions.
Interim Dividend SGD 0.008. Ex-Date : 2 Nov 2020. Pay Date : 13 Nov 2020.
Huat Ah!
Increase of 35.7% in Net Revenue YOY.
9 Months (9M2020), Net Profit grew 119.9% YOY & Net Revenue grew 27.5%.
Group AUA to a record og SGD 12.59 billions.
Interim Dividend SGD 0.008. Ex-Date : 2 Nov 2020. Pay Date : 13 Nov 2020.
Huat Ah!
Looks like this has peaked just above 3.30.
our sg market is weak compare to other stock exchanges and valuation is lower.. that is why sgx cannot attract strong companies to IPO here.. in any case, doesnt mean that a counter should follow the industry or peer' s p/e.. just ask oneself a rational qn of whether to invest in a company that is going to take 50 years to get back investment return.. every sector/industry has different p/e valuation, and it always puzzle me why some industries trade at 20+ p/e average (eg our healthcare and medical sector, food/bev and some blue chips) while some industries trade at below 10 p/e (electronics, shipbuilding sector).. a logical and efficient market should close this p/e gap differences as small as possible, but that is not always the case.. probably the same analogy could be made as to why branded LV/chanel etc can be sold so expensively, even though it doesnt mean their bags are really that high quality to justify that price.. and similarly diamonds which are expensive, which they are actually just a different form of carbon and useless
tangsookiam1947 ( Date: 21-Oct-2020 22:33) Posted:
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https://www2.asx.com.au/markets/company/nwl
Netwealth - doing similar business as iFast.
Market Cap - $4.3 bil AUA - $34 bil.
PE - about 100
Netwealth - doing similar business as iFast.
Market Cap - $4.3 bil AUA - $34 bil.
PE - about 100
nqing87 ( Date: 20-Oct-2020 15:02) Posted:
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Thanks bro. Good info.
nqing87 ( Date: 20-Oct-2020 15:02) Posted:
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Latest quarter eps is abt 1.6cents.. half yr is abt 3cents.. if annualised it and assume full year eps is 6cents, means abt 50+ p/e.. yes, 50+ p/e.. but well, we are talking abt stock market which makes no sense most of the time.. basically ifast is in the digital banking and fintech business, something which is the "fashionable" trend and hot topic right now like 5G..
NT1825 ( Date: 20-Oct-2020 09:17) Posted:
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If u recap, ifast has several projects or catalysts.
https://www.theedgemarkets.com/article/epf-announces-additional-platforms-iinvest
EPF announces additional platforms for i-Invest
There is now a total of 10 FMI platforms directly connected to i-Invest. The previous five pilot platforms are from Amanah Saham Nasional Bhd, Eastspring Investments Bhd, Manulife Investment Management (M) Bhd, Principal Asset Management Bhd and Public Mutual Bhd. FMIs without their own platforms offer investment products on i-Invest through two appointed Institutional UTS Advisers (IUTAs), which are iFAST Capital Sdn Bhd and Phillip Mutual Bhd.
https://www.theedgemarkets.com/article/epf-announces-additional-platforms-iinvest
EPF announces additional platforms for i-Invest
There is now a total of 10 FMI platforms directly connected to i-Invest. The previous five pilot platforms are from Amanah Saham Nasional Bhd, Eastspring Investments Bhd, Manulife Investment Management (M) Bhd, Principal Asset Management Bhd and Public Mutual Bhd. FMIs without their own platforms offer investment products on i-Invest through two appointed Institutional UTS Advisers (IUTAs), which are iFAST Capital Sdn Bhd and Phillip Mutual Bhd.
what will be the share price if ifast succeeds in both SG and HK DB?
hmmm
hmmm
Contratrader ( Date: 20-Oct-2020 14:02) Posted:
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Should be related to this China development. China market power sia ! But Uob tgt only 3.33 , exceeded liow , how ah ? Must wait for 23/10 result to see got any more catalysts