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the recent selldown in hk and china share is a good opportunity for ifast
Fast Corp Chairman and chief executive Lim Chung Chun said iFast has good growth momentum in China. PHOTO: ST FILE
Updated
19 May 2021, 8:20 am SGT
SINGAPORE (BLOOMBERG) - iFast Corp, an online brokerage that has been Singapore' s best-performing stock over the past year, is betting on China and a retail-trading frenzy to help it grow assets by more than fivefold by 2028.
Although the firm' s Chinese operations are loss-making, chief executive officer Lim Chung Chun said the nation is poised to become the wealth-management platform' s fastest-growing market and is key to the group' s goal of reaching $100 billion of assets under administration by 2028. Investors have bought into that vision, with iFast shares soaring more than 500 per cent in the past 12 months - beating all members of the FTSE ST All-Share Index.
" The potential of the China market is immense, and the kind of losses we are generating today are a very manageable amount considering the size of the market," Mr Lim said in an interview. iFast' s shares rose 5.5 per cent on Tuesday (May 18).
Singapore-based iFast
has benefited from a surge in retail trading by stuck-at-home investors trying their hands at equities, which helped the firm more than double net income last year. But to achieve the $100-billion goal, first stated in 2018, assets will need to expand at a compounded annual rate of 27 per cent through 2028, Mr Lim said. That compares with an annualised rate of 34 per cent the past two years.
" The group continues to be in investment mode which it expects will help reap benefits at a later stage," Mr Krishna Guha, an analyst at Jefferies Financial Group, wrote in a note last month, referring to iFast' s China business.
iFast has good " growth momentum" in China, Mr Lim said, though it reported $4.9 million in losses in that market last year. The CEO said there is " no timeline for breaking even" .
iFast, which counts Singapore as its biggest market, initiated private-fund management in China this past February. The broker relies on other businesses including financial advisers and Internet firms to sell its funds in the large Chinese market, Mr Lim said, adding that about 80 such companies are being used to make those connections.
The broker remains focused on expansion. In addition to being registered as a private-fund manager in China, iFast also won a contract for Hong Kong' s pension fund platform and
started stockbroking activities in Malaysia over the past year. It is also applying as part of a consortium for a digital-banking licence in Malaysia - though the firm lost out on getting one in Singapore last year.
Even after the market-leading rally the past year, iFast shares are poised for further gains, according to analysts who cover the stock. All five of them have a buy rating and their consensus price target implies a gain of about 23 per cent more over the next 12 months, compared with an estimated 13 per cent rise in the broader FTSE gauge, according to data compiled by Bloomberg.
chartistkao1 ( Date: 17-Jan-2022 14:03) Posted:
Fast unit iGM' s assets under administration crosses $1 billion mark
Published
12 Oct 2021, 9:58 am SGT
SINGAPORE ( THE BUSINESS TIMES) - Wealth advisory platform iFast Global Markets (iGM) Singapore said its assets under administration grew 62 per cent year on year to exceed $1 billion as at Sept 30.
This milestone is significant considering that the division is only four years old, said mainboard-listed iFast Corp in a bourse filing on Monday (Oct 11).
iGM Singapore is the wealth advisory arm of iFast Financial, the Singapore subsidiary of iFast Corp.
Shares of iFast Corp rose 22 cents, or 2.4 per cent, to $9.53 as at 9.52am on Tuesday, after the announcement.
Mr Terence Lin, general manager at iGM Singapore, said that the average adviser on the platform oversees about $17.5 million of assets.
As part of its fintech initiatives, iGM has launched a new app, which now allows investment accounts to access both adviser and client transaction capabilities. This means that do-it-yourself transaction capabilities can be enabled on an investment account based on the client' s suitability.
Mr Lin noted that clients " can enjoy the full transactional flexibility of a DIY account while retaining the advisory services of a technologically equipped yet very much human adviser, who has full servicing and advisory rights over the account" .
chartistkao1 ( Date: 17-Jan-2022 13:52) Posted:
| https://sg.rajahtannasia.com/news/deal-announcements/initial-public-offering-of-ifast-corporation-lt |
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Fast unit iGM' s assets under administration crosses $1 billion mark
Published
12 Oct 2021, 9:58 am SGT
SINGAPORE (
THE BUSINESS TIMES) - Wealth advisory platform iFast Global Markets (iGM) Singapore said its assets under administration grew 62 per cent year on year to exceed $1 billion as at Sept 30.
This milestone is significant considering that the division is only four years old, said mainboard-listed iFast Corp in a bourse filing on Monday (Oct 11).
iGM Singapore is the wealth advisory arm of iFast Financial, the Singapore subsidiary of iFast Corp.
Shares of iFast Corp rose 22 cents, or 2.4 per cent, to $9.53 as at 9.52am on Tuesday, after the announcement.
Mr Terence Lin, general manager at iGM Singapore, said that the average adviser on the platform oversees about $17.5 million of assets.
As part of its fintech initiatives, iGM has launched a new app, which now allows investment accounts to access both adviser and client transaction capabilities. This means that do-it-yourself transaction capabilities can be enabled on an investment account based on the client' s suitability.
Mr Lin noted that clients " can enjoy the full transactional flexibility of a DIY account while retaining the advisory services of a technologically equipped yet very much human adviser, who has full servicing and advisory rights over the account" .
chartistkao1 ( Date: 17-Jan-2022 13:52) Posted:
https://sg.rajahtannasia.com/news/deal-announcements/initial-public-offering-of-ifast-corporation-ltd
chartistkao1 ( Date: 17-Jan-2022 13:48) Posted:
iFast IPO 12.4 times subscribed, debuts Thursday
Thu, Dec 11, 2014 - 5:50 AM
UPDATED Thu, Dec 11, 2014 - 6:25 AM
Singapore
INTERNET-BASED fund distribution company iFast Corporation debuts on the Singapore Exchange (SGX) mainboard at 9am on Thursday with its initial public offering (IPO) about 12.4 times subscribed.
For the 2.8 million shares available to the public at S$0.95 each, there were 2,437 valid applications for 46.7 million shares, the company said in an announcement on Wednesday evening. Meanwhile, for the 30 million placement shares for institutional and other investors, there were indications of interest for 12 times that.
Thus total valid applications received for the public offer and indications of interest received under the placement tranche were 12.4 times the 32.8 million shares on offer.
Lim Chung Chun, iFast chairman and CEO, said in a statement on Wednesday evening that he was thankful for the confidence shown in his company by investors. There was strong demand from public, institutional and high-net-worth investors, he said.
The public offer period was from Dec 4-9, following a roadshow in Singapore, Hong Kong, Kuala Lumpur and London. " Institutional investors, especially in London, expressed a strong understanding of our platform business because of the relatively high penetration of investment platforms in the UK," Mr Lim said.
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iFast is best known for its online platform Fundsupermart.com. It also offers services in investment administration, research and investment training, software tools, IT services, and backroom functions. It had assets under administration of about S$5.13 billion at end-September 2014. Revenue for the first nine months of 2014 was S$27.3 million, up 16 per cent from S$23.5 million a year ago. Nine-month net profit from continuing operations was S$7.6 million, up 36 per cent from S$5.6 million a year ago.
iFast is expected to have a market value of S$243.4 million upon listing. Assuming annualised earnings for the first nine months of the year, its IPO price is valuing it at 24 times earnings.
The company is expected to raise net proceeds of about S$45 million. It said proceeds will be used mainly for mergers and acquisitions, as well as the expansion of the group' s business in the Chinese market, and enhancing product capabilities, IT and services.
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https://sg.rajahtannasia.com/news/deal-announcements/initial-public-offering-of-ifast-corporation-ltd
chartistkao1 ( Date: 17-Jan-2022 13:48) Posted:
iFast IPO 12.4 times subscribed, debuts Thursday
Thu, Dec 11, 2014 - 5:50 AM
UPDATED Thu, Dec 11, 2014 - 6:25 AM
Singapore
INTERNET-BASED fund distribution company iFast Corporation debuts on the Singapore Exchange (SGX) mainboard at 9am on Thursday with its initial public offering (IPO) about 12.4 times subscribed.
For the 2.8 million shares available to the public at S$0.95 each, there were 2,437 valid applications for 46.7 million shares, the company said in an announcement on Wednesday evening. Meanwhile, for the 30 million placement shares for institutional and other investors, there were indications of interest for 12 times that.
Thus total valid applications received for the public offer and indications of interest received under the placement tranche were 12.4 times the 32.8 million shares on offer.
Lim Chung Chun, iFast chairman and CEO, said in a statement on Wednesday evening that he was thankful for the confidence shown in his company by investors. There was strong demand from public, institutional and high-net-worth investors, he said.
The public offer period was from Dec 4-9, following a roadshow in Singapore, Hong Kong, Kuala Lumpur and London. " Institutional investors, especially in London, expressed a strong understanding of our platform business because of the relatively high penetration of investment platforms in the UK," Mr Lim said.
Stay updated with
BT newsletters
Your feedback is important to us
Tell us what you think. Email us at [email protected]
iFast is best known for its online platform Fundsupermart.com. It also offers services in investment administration, research and investment training, software tools, IT services, and backroom functions. It had assets under administration of about S$5.13 billion at end-September 2014. Revenue for the first nine months of 2014 was S$27.3 million, up 16 per cent from S$23.5 million a year ago. Nine-month net profit from continuing operations was S$7.6 million, up 36 per cent from S$5.6 million a year ago.
iFast is expected to have a market value of S$243.4 million upon listing. Assuming annualised earnings for the first nine months of the year, its IPO price is valuing it at 24 times earnings.
The company is expected to raise net proceeds of about S$45 million. It said proceeds will be used mainly for mergers and acquisitions, as well as the expansion of the group' s business in the Chinese market, and enhancing product capabilities, IT and services.
chartistkao1 ( Date: 17-Jan-2022 13:47) Posted:
ifast ipo =0.95 dec 2014
Hot stock: SGX queries iFast after shares rise 12%
Fri, Aug 07, 2020 - 11:57 AM
UPDATED Fri, Aug 07, 2020 - 3:18 PM
THE Singapore Exchange (SGX) on Friday morning queried mainboard-listed wealth management and brokerage platform iFast Corporation about its " unusual price movements" after iFast shares rose more than 12 per cent.
iFast shares hit an intra-day high of S$2.17 as at 11.41am on Friday, up 12.4 per cent or S$0.24. They eased slightly to trade at S$2.14 by 1.33pm, up 10.9 per cent or S$0.21 from the previous day' s close, after 4.4 million shares changed hands. ShareInvestor data showed there were no married trades.
SGX asked iFast whether it was aware of any possible explanation for the trading activity.
iFast responded during the midday break, noting a Bloomberg article earlier this week that Hong Kong had shortlisted two finalists to digitise its retirement funds system. The finalists are a consortium led by Oneconnect Financial Technology and a group led by telecommunications provider PCCW, with the latter said to be working with iFast, according to Bloomberg' s report.
In its reply to SGX, iFast said it did not provide comments in the media report, and that it may from time to time take part in the bidding for projects or tenders.
" Due to the confidentiality requirements and uncertainty of outcome linked to the bidding of projects or tenders, the group would like to add that it is unable to provide any comments at this point of time," it said.
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Your feedback is important to us
Tell us what you think. Email us at [email protected]
iFast also noted that the trading in its shares has increased in recent months. This could be linked to the group' s net profit doubling year-on-year to S$8.2 million in H1 2020, and its assets under administration reaching a new high of S$11.15 billion as at June 30, it said. iFast reported its latest results on July 23, when chief executive and chairman Lim Chung Chun also said that the company was growing its staff size in anticipation of a Singapore digital banking licence, and on " considerable" growth in its business in the city-state.
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iFast IPO 12.4 times subscribed, debuts Thursday
Thu, Dec 11, 2014 - 5:50 AM
UPDATED Thu, Dec 11, 2014 - 6:25 AM
Singapore
INTERNET-BASED fund distribution company iFast Corporation debuts on the Singapore Exchange (SGX) mainboard at 9am on Thursday with its initial public offering (IPO) about 12.4 times subscribed.
For the 2.8 million shares available to the public at S$0.95 each, there were 2,437 valid applications for 46.7 million shares, the company said in an announcement on Wednesday evening. Meanwhile, for the 30 million placement shares for institutional and other investors, there were indications of interest for 12 times that.
Thus total valid applications received for the public offer and indications of interest received under the placement tranche were 12.4 times the 32.8 million shares on offer.
Lim Chung Chun, iFast chairman and CEO, said in a statement on Wednesday evening that he was thankful for the confidence shown in his company by investors. There was strong demand from public, institutional and high-net-worth investors, he said.
The public offer period was from Dec 4-9, following a roadshow in Singapore, Hong Kong, Kuala Lumpur and London. " Institutional investors, especially in London, expressed a strong understanding of our platform business because of the relatively high penetration of investment platforms in the UK," Mr Lim said.
Stay updated with
BT newsletters
Your feedback is important to us
Tell us what you think. Email us at
[email protected]
iFast is best known for its online platform
Fundsupermart.com. It also offers services in investment administration, research and investment training, software tools, IT services, and backroom functions. It had assets under administration of about S$5.13 billion at end-September 2014. Revenue for the first nine months of 2014 was S$27.3 million, up 16 per cent from S$23.5 million a year ago. Nine-month net profit from continuing operations was S$7.6 million, up 36 per cent from S$5.6 million a year ago.
iFast is expected to have a market value of S$243.4 million upon listing. Assuming annualised earnings for the first nine months of the year, its IPO price is valuing it at 24 times earnings.
The company is expected to raise net proceeds of about S$45 million. It said proceeds will be used mainly for mergers and acquisitions, as well as the expansion of the group' s business in the Chinese market, and enhancing product capabilities, IT and services.
chartistkao1 ( Date: 17-Jan-2022 13:47) Posted:
ifast ipo =0.95 dec 2014
Hot stock: SGX queries iFast after shares rise 12%
Fri, Aug 07, 2020 - 11:57 AM
UPDATED Fri, Aug 07, 2020 - 3:18 PM
THE Singapore Exchange (SGX) on Friday morning queried mainboard-listed wealth management and brokerage platform iFast Corporation about its " unusual price movements" after iFast shares rose more than 12 per cent.
iFast shares hit an intra-day high of S$2.17 as at 11.41am on Friday, up 12.4 per cent or S$0.24. They eased slightly to trade at S$2.14 by 1.33pm, up 10.9 per cent or S$0.21 from the previous day' s close, after 4.4 million shares changed hands. ShareInvestor data showed there were no married trades.
SGX asked iFast whether it was aware of any possible explanation for the trading activity.
iFast responded during the midday break, noting a Bloomberg article earlier this week that Hong Kong had shortlisted two finalists to digitise its retirement funds system. The finalists are a consortium led by Oneconnect Financial Technology and a group led by telecommunications provider PCCW, with the latter said to be working with iFast, according to Bloomberg' s report.
In its reply to SGX, iFast said it did not provide comments in the media report, and that it may from time to time take part in the bidding for projects or tenders.
" Due to the confidentiality requirements and uncertainty of outcome linked to the bidding of projects or tenders, the group would like to add that it is unable to provide any comments at this point of time," it said.
Stay updated with
BT newsletters
Your feedback is important to us
Tell us what you think. Email us at [email protected]
iFast also noted that the trading in its shares has increased in recent months. This could be linked to the group' s net profit doubling year-on-year to S$8.2 million in H1 2020, and its assets under administration reaching a new high of S$11.15 billion as at June 30, it said. iFast reported its latest results on July 23, when chief executive and chairman Lim Chung Chun also said that the company was growing its staff size in anticipation of a Singapore digital banking licence, and on " considerable" growth in its business in the city-state.
chartistkao1 ( Date: 17-Jan-2022 13:36) Posted:
how many sg listed or non listed company have aum in trillions
https://www.pionline.com/money-management/blackrock-surging-toward-10-trillion-asset |
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ifast ipo =0.95 dec 2014
Hot stock: SGX queries iFast after shares rise 12%
Fri, Aug 07, 2020 - 11:57 AM
UPDATED Fri, Aug 07, 2020 - 3:18 PM
THE Singapore Exchange (SGX) on Friday morning queried mainboard-listed wealth management and brokerage platform iFast Corporation about its " unusual price movements" after iFast shares rose more than 12 per cent.
iFast shares hit an intra-day high of S$2.17 as at 11.41am on Friday, up 12.4 per cent or S$0.24. They eased slightly to trade at S$2.14 by 1.33pm, up 10.9 per cent or S$0.21 from the previous day' s close, after 4.4 million shares changed hands. ShareInvestor data showed there were no married trades.
SGX asked iFast whether it was aware of any possible explanation for the trading activity.
iFast responded during the midday break, noting a Bloomberg article earlier this week that
Hong Kong had shortlisted two finalists to digitise its retirement funds system. The finalists are a consortium led by Oneconnect Financial Technology and a group led by telecommunications provider PCCW, with the latter said to be working with iFast, according to Bloomberg' s report.
In its reply to SGX, iFast said it did not provide comments in the media report, and that it may from time to time take part in the bidding for projects or tenders.
" Due to the confidentiality requirements and uncertainty of outcome linked to the bidding of projects or tenders, the group would like to add that it is unable to provide any comments at this point of time," it said.
Stay updated with
BT newsletters
Your feedback is important to us
Tell us what you think. Email us at
[email protected]
iFast also noted that the trading in its shares has increased in recent months. This could be linked to the group' s
net profit doubling year-on-year to S$8.2 million in H1 2020, and its assets under administration reaching a new high of S$11.15 billion as at June 30, it said. iFast reported its latest results on July 23, when chief executive and chairman Lim Chung Chun also said that the company was growing its staff size in anticipation of a Singapore digital banking licence, and on " considerable" growth in its business in the city-state.
chartistkao1 ( Date: 17-Jan-2022 13:36) Posted:
how many sg listed or non listed company have aum in trillions
https://www.pionline.com/money-management/blackrock-surging-toward-10-trillion-assets
chartistkao1 ( Date: 17-Jan-2022 11:25) Posted:
| 中 国 下 个 engine of growth
http://hmo.gd.gov.cn/ygahz/content/post_3551921.html
http://www.gov.cn/xinwen/2021-12/20/content_5662407.htm
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how many sg listed or non listed company have aum in trillions
https://www.pionline.com/money-management/blackrock-surging-toward-10-trillion-assets
chartistkao1 ( Date: 17-Jan-2022 11:25) Posted:
| 中 国 下 个 engine of growth
http://hmo.gd.gov.cn/ygahz/content/post_3551921.html
http://www.gov.cn/xinwen/2021-12/20/content_5662407.htm
chartistkao1 ( Date: 17-Jan-2022 11:14) Posted:
the final entity
https://www.youtube.com/watch?v=q5x6XZ-CcK |
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中 国 下 个 engine of growth
http://hmo.gd.gov.cn/ygahz/content/post_3551921.html
http://www.gov.cn/xinwen/2021-12/20/content_5662407.htm
chartistkao1 ( Date: 17-Jan-2022 11:14) Posted:
the final entity
https://www.youtube.com/watch?v=q5x6XZ-CcKU
chartistkao1 ( Date: 17-Jan-2022 11:11) Posted:
| an idiot merge with a dumb will never produce a good talent |
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the final entity
https://www.youtube.com/watch?v=q5x6XZ-CcKU
chartistkao1 ( Date: 17-Jan-2022 11:11) Posted:
an idiot merge with a dumb will never produce a good talent!
chartistkao1 ( Date: 17-Jan-2022 11:10) Posted:
the many mergers create more lousy company
https://www.yumpu.com/en/document/view/40526136/in-the-three-years-since-the-merger-between-comfort-group-delgr |
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an idiot merge with a dumb will never produce a good talent!
chartistkao1 ( Date: 17-Jan-2022 11:10) Posted:
the many mergers create more lousy company
https://www.yumpu.com/en/document/view/40526136/in-the-three-years-since-the-merger-between-comfort-group-delgro
chartistkao1 ( Date: 17-Jan-2022 11:06) Posted:
| comfortgelgro will end up like tibs,smrt go down the kallang river soo |
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the many mergers create more lousy company
https://www.yumpu.com/en/document/view/40526136/in-the-three-years-since-the-merger-between-comfort-group-delgro
chartistkao1 ( Date: 17-Jan-2022 11:06) Posted:
comfortgelgro will end up like tibs,smrt go down the kallang river soon
chartistkao1 ( Date: 17-Jan-2022 11:05) Posted:
https://www.ig.com/sg/shares/markets-shares/comfortdelgro-corp-ltd-CD-SG
hopeless company with lousy share price and lousy dividend and lousy mgt
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comfortgelgro will end up like tibs,smrt go down the kallang river soon
chartistkao1 ( Date: 17-Jan-2022 11:05) Posted:
https://www.ig.com/sg/shares/markets-shares/comfortdelgro-corp-ltd-CD-SG
hopeless company with lousy share price and lousy dividend and lousy mgt
chartistkao1 ( Date: 17-Jan-2022 10:52) Posted:
if stock turnover picks up in sgx and lower commision will drive more businesses to ifast
https://research.sginvestors.io/2020/07/ifast-corporation-cgs-cimb-research-2020-07-23.htm |
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https://www.ig.com/sg/shares/markets-shares/comfortdelgro-corp-ltd-CD-SG
hopeless company with lousy share price and lousy dividend and lousy mgt
chartistkao1 ( Date: 17-Jan-2022 10:52) Posted:
if stock turnover picks up in sgx and lower commision will drive more businesses to ifast
https://research.sginvestors.io/2020/07/ifast-corporation-cgs-cimb-research-2020-07-23.html
chartistkao1 ( Date: 17-Jan-2022 10:16) Posted:
you need a $7.5 share placement to allow new investor to get in
https://blog.seedly.sg/ifast-sgx-aiy-analysis |
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if stock turnover picks up in sgx and lower commision will drive more businesses to ifast
https://research.sginvestors.io/2020/07/ifast-corporation-cgs-cimb-research-2020-07-23.html
chartistkao1 ( Date: 17-Jan-2022 10:16) Posted:
you need a $7.5 share placement to allow new investor to get in
https://blog.seedly.sg/ifast-sgx-aiy-analysis/
chartistkao1 ( Date: 17-Jan-2022 09:44) Posted:
a few big us financial powers are also using ifast to manage their corporate pension
https://secure.ifastnetwork.com/ifastverve/adviser/product-services.tpl
how can ifast dive loh
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you need a $7.5 share placement to allow new investor to get in
https://blog.seedly.sg/ifast-sgx-aiy-analysis/
chartistkao1 ( Date: 17-Jan-2022 09:44) Posted:
a few big us financial powers are also using ifast to manage their corporate pension
https://secure.ifastnetwork.com/ifastverve/adviser/product-services.tpl
how can ifast dive loh
chartistkao1 ( Date: 17-Jan-2022 09:42) Posted:
| https://www.fundsupermart.co.in/main/research/viewHTML.tpl?articleNo=1317& bypass=tru |
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a few big us financial powers are also using ifast to manage their corporate pension
https://secure.ifastnetwork.com/ifastverve/adviser/product-services.tpl
how can ifast dive loh
chartistkao1 ( Date: 17-Jan-2022 09:42) Posted:
https://www.fundsupermart.co.in/main/research/viewHTML.tpl?articleNo=1317& bypass=true
chartistkao1 ( Date: 17-Jan-2022 09:41) Posted:
blackrock ,aig and other asset managers are using ifast as a a trading platform too
Fri, Jan 29, 2021 - 12:11 PM
UPDATED Fri, Jan 29, 2021 - 6:52 PM
EVEN with iFast' s ongoing rally that sparked a query from the Singapore Exchange earlier this month, DBS Group Research thinks the wealth management platform' s share price has room to run further.
The research house has bullishly raised its target price on the counter to S$6.40 from S$3.96, on belief that there is more room for growth in iFast' s total assets under administration (AUA).
This comes after iFast' s share price surged as much as 72 per cent to S$5.04 on Thursday, which makes it one of the few counters with a market capitalisation of above S$1 billion to register such strong gains in less than a month.
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https://www.fundsupermart.co.in/main/research/viewHTML.tpl?articleNo=1317& bypass=true
chartistkao1 ( Date: 17-Jan-2022 09:41) Posted:
blackrock ,aig and other asset managers are using ifast as a a trading platform too
Fri, Jan 29, 2021 - 12:11 PM
UPDATED Fri, Jan 29, 2021 - 6:52 PM
EVEN with iFast' s ongoing rally that sparked a query from the Singapore Exchange earlier this month, DBS Group Research thinks the wealth management platform' s share price has room to run further.
The research house has bullishly raised its target price on the counter to S$6.40 from S$3.96, on belief that there is more room for growth in iFast' s total assets under administration (AUA).
This comes after iFast' s share price surged as much as 72 per cent to S$5.04 on Thursday, which makes it one of the few counters with a market capitalisation of above S$1 billion to register such strong gains in less than a month.
chartistkao1 ( Date: 17-Jan-2022 09:37) Posted:
ifast director peter ng,lim wee kian,david toh keep increasing their stake of ifast at above $8
https://www.sgx.com/securities/company-announcements?value=IFAST%20CORPORATION%20LTD.& type=compan |
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blackrock ,aig and other asset managers are using ifast as a a trading platform too
Fri, Jan 29, 2021 - 12:11 PM
UPDATED Fri, Jan 29, 2021 - 6:52 PM
EVEN with iFast' s ongoing rally that sparked a
query from the Singapore Exchange earlier this month, DBS Group Research thinks the wealth management platform' s share price has room to run further.
The research house has bullishly raised its target price on the counter to S$6.40 from S$3.96, on belief that there is more room for growth in iFast' s total assets under administration (AUA).
This comes after iFast' s share price surged as much as 72 per cent to S$5.04 on Thursday, which makes it one of the few counters with a market capitalisation of above S$1 billion to register such strong gains in less than a month.
chartistkao1 ( Date: 17-Jan-2022 09:37) Posted:
ifast director peter ng,lim wee kian,david toh keep increasing their stake of ifast at above $8
https://www.sgx.com/securities/company-announcements?value=IFAST%20CORPORATION%20LTD.& type=company
chartistkao1 ( Date: 17-Jan-2022 09:34) Posted:
FAST CorporationOn Jan 11, iFAST Corporation IFAST: AIY +0.26% (iFAST Corp) chairman and CEO Lim Chung Chun acquired 100,400 shares of the company for a consideration of S$758,792.
At an average price of S$7.56 per share, the acquisition took his total interest in iFAST Corp from 22.07 per cent to 22.10 per cent.
His preceding acquisition of shares, via market transactions, were in early 2021, with 50,000 shares acquired at S$5.63 per share on Mar 11, and 40,500 shares at S$5.64 a share on Feb 24.
While the S$7.56 price per share was more than 30 per cent higher than the prices paid for Lim' s preceding acquisitions in February to March last year, the price-earnings ratio of iFAST Corp, was comparable at 70x.
This was on the back of iFAST Corp reporting a 63.6 per cent year-on-year increase in its net profit for its 9MFY21 (ended Sep 30).
Lim noted last year that the recent trend of greater digitalisation had benefited iFAST Corp, as the company had always sought to position itself for the wealth management industry of the future, which it believed would be highly digitalised.
Lim co-founded the company with the launch of its B2C division Fundsupermart.com in Singapore in 2000, following which the B2B division iFAST Financial was launched in 2001.
Today, iFAST Corp is a wealth management Fintech platform that combines Fintech solutions with the capabilities of a licensed financial institution to provide multi-product offerings.
Lim has also led the company' s regional expansion efforts, extending iFAST Corp' s presence beyond Singapore to Hong Kong, Malaysia, China and India.
Last week, iFAST Corp also announced that it had raised a total of S$105 million via a placement of 14 million shares to institutional and accredited investors for the purpose of funding the group' s proposed acquisition of a UK bank that was announced on Jan 7.
The placement was over-subscribed with more than S$150 million in total subscription, which was more than double the initial base deal size of S$75 million, with the issue price of S$7.50 also at the top end of the placement' s price range of S$7.30 to S$7.50.
As of Sep 30, the wealth management fintech platform, maintained S$18.38 billion in assets under administration.
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ifast director peter ng,lim wee kian,david toh keep increasing their stake of ifast at above $8
https://www.sgx.com/securities/company-announcements?value=IFAST%20CORPORATION%20LTD.& type=company
chartistkao1 ( Date: 17-Jan-2022 09:34) Posted:
FAST CorporationOn Jan 11, iFAST Corporation IFAST: AIY +0.26% (iFAST Corp) chairman and CEO Lim Chung Chun acquired 100,400 shares of the company for a consideration of S$758,792.
At an average price of S$7.56 per share, the acquisition took his total interest in iFAST Corp from 22.07 per cent to 22.10 per cent.
His preceding acquisition of shares, via market transactions, were in early 2021, with 50,000 shares acquired at S$5.63 per share on Mar 11, and 40,500 shares at S$5.64 a share on Feb 24.
While the S$7.56 price per share was more than 30 per cent higher than the prices paid for Lim' s preceding acquisitions in February to March last year, the price-earnings ratio of iFAST Corp, was comparable at 70x.
This was on the back of iFAST Corp reporting a 63.6 per cent year-on-year increase in its net profit for its 9MFY21 (ended Sep 30).
Lim noted last year that the recent trend of greater digitalisation had benefited iFAST Corp, as the company had always sought to position itself for the wealth management industry of the future, which it believed would be highly digitalised.
Lim co-founded the company with the launch of its B2C division Fundsupermart.com in Singapore in 2000, following which the B2B division iFAST Financial was launched in 2001.
Today, iFAST Corp is a wealth management Fintech platform that combines Fintech solutions with the capabilities of a licensed financial institution to provide multi-product offerings.
Lim has also led the company' s regional expansion efforts, extending iFAST Corp' s presence beyond Singapore to Hong Kong, Malaysia, China and India.
Last week, iFAST Corp also announced that it had raised a total of S$105 million via a placement of 14 million shares to institutional and accredited investors for the purpose of funding the group' s proposed acquisition of a UK bank that was announced on Jan 7.
The placement was over-subscribed with more than S$150 million in total subscription, which was more than double the initial base deal size of S$75 million, with the issue price of S$7.50 also at the top end of the placement' s price range of S$7.30 to S$7.50.
As of Sep 30, the wealth management fintech platform, maintained S$18.38 billion in assets under administration.
chartistkao1 ( Date: 14-Jan-2022 16:58) Posted:
the day when our big brokering houses charge high trading commision is number when all this fintech come into sg market
https://www.straitstimes.com/branded-content/asias-leading-investment-platform-thrives-in-singapore-while-eyeing-the-south-eas |
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FAST CorporationOn Jan 11, iFAST Corporation IFAST: AIY +0.26% (iFAST Corp) chairman and CEO Lim Chung Chun acquired 100,400 shares of the company for a consideration of S$758,792.
At an average price of S$7.56 per share, the acquisition took his total interest in iFAST Corp from 22.07 per cent to 22.10 per cent.
His preceding acquisition of shares, via market transactions, were in early 2021, with 50,000 shares acquired at S$5.63 per share on Mar 11, and 40,500 shares at S$5.64 a share on Feb 24.
While the S$7.56 price per share was more than 30 per cent higher than the prices paid for Lim' s preceding acquisitions in February to March last year, the price-earnings ratio of iFAST Corp, was comparable at 70x.
This was on the back of iFAST Corp reporting a 63.6 per cent year-on-year increase in its net profit for its 9MFY21 (ended Sep 30).
Lim noted last year that the recent trend of greater digitalisation had benefited iFAST Corp, as the company had always sought to position itself for the wealth management industry of the future, which it believed would be highly digitalised.
Lim co-founded the company with the launch of its B2C division Fundsupermart.com in Singapore in 2000, following which the B2B division iFAST Financial was launched in 2001.
Today, iFAST Corp is a wealth management Fintech platform that combines Fintech solutions with the capabilities of a licensed financial institution to provide multi-product offerings.
Lim has also led the company' s regional expansion efforts, extending iFAST Corp' s presence beyond Singapore to Hong Kong, Malaysia, China and India.
Last week, iFAST Corp also announced that it had raised a total of S$105 million via a placement of 14 million shares to institutional and accredited investors for the purpose of funding the group' s proposed acquisition of a UK bank that was announced on Jan 7.
The placement was over-subscribed with more than S$150 million in total subscription, which was more than double the initial base deal size of S$75 million, with the issue price of S$7.50 also at the top end of the placement' s price range of S$7.30 to S$7.50.
As of Sep 30, the wealth management fintech platform, maintained S$18.38 billion in assets under administration.
chartistkao1 ( Date: 14-Jan-2022 16:58) Posted:
the day when our big brokering houses charge high trading commision is number when all this fintech come into sg market
https://www.straitstimes.com/branded-content/asias-leading-investment-platform-thrives-in-singapore-while-eyeing-the-south-east
chartistkao1 ( Date: 14-Jan-2022 16:56) Posted:
during IPO of ifast in 2014 the shareholding was
Mr. Wong Sui Jau transferred his Pecuniam Shares to our Company on 25 October 2013 for a consideration of S$1.00 and he subsequently resigned from the board of directors of Pecuniam on 29 November 2013.
Subsequent to the Pecunium Transfer and as at the Latest Practicable Date, iFAST India and the India Business are owned by Pecuniam. Most of Pecuniam&rsquo s shareholders are also existing or previous Shareholders and/or employees of our Company.
As at the Latest Practicable Date, the Substantial Shareholders of Pecuniam are set out in the table below:
S/N Substantial Shareholder
Direct Interest Deemed Interest Number of Shares Shareholding (%) Number of Shares Shareholding (%)
1. Lim Chung Chun 8,041,711 23.82 718,178(1) 2.13
2. SPH AsiaOne Ltd 6,120,547 18.13 &ndash &ndash
3. DMG & Partners Securities Pte Ltd 3,641,504 10.79 &ndash &ndash 4. Lim Wee Kian 2,450,231 7.26 587,685(2) 1.74 5. Crouzet Limited(3) 1,748,446 5.18 &ndash &ndash
Notes:
(1) Mr. Lim Chung Chun is deemed to be interested in the shares held by Accretion Investments Pte Ltd and his spouse, Mdm. Neo Lay Kien. Accretion Investments Pte Ltd is a company incorporated in the British Virgin Islands. Mr. Lim Chung Chun and Mr. Lim Wee Kian hold 51% and 49% of the ordinary voting shares of Accretion Investments Pte Ltd respectively.
(2) Mr. Lim Wee Kian is deemed to be interested in the shares held by Accretion Investments Pte Ltd. Accretion Investments Pte Ltd is a company incorporated in the British Virgin Islands. Mr. Lim Chung Chun and Mr. Lim Wee Kian hold 51% and 49% of the ordinary voting shares of Accretion Investments Pte Ltd respectively.
(3) Crouzet Limited is a company incorporated in the British Virgin Islands, and is an investment vehicle for various current and previous employees of our Company. Crouzet Limited does not hold any shares in our Compan |
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the day when our big brokering houses charge high trading commision is number when all this fintech come into sg market
https://www.straitstimes.com/branded-content/asias-leading-investment-platform-thrives-in-singapore-while-eyeing-the-south-east
chartistkao1 ( Date: 14-Jan-2022 16:56) Posted:
during IPO of ifast in 2014 the shareholding was
Mr. Wong Sui Jau transferred his Pecuniam Shares to our Company on 25 October 2013 for a consideration of S$1.00 and he subsequently resigned from the board of directors of Pecuniam on 29 November 2013.
Subsequent to the Pecunium Transfer and as at the Latest Practicable Date, iFAST India and the India Business are owned by Pecuniam. Most of Pecuniam&rsquo s shareholders are also existing or previous Shareholders and/or employees of our Company.
As at the Latest Practicable Date, the Substantial Shareholders of Pecuniam are set out in the table below:
S/N Substantial Shareholder
Direct Interest Deemed Interest Number of Shares Shareholding (%) Number of Shares Shareholding (%)
1. Lim Chung Chun 8,041,711 23.82 718,178(1) 2.13
2. SPH AsiaOne Ltd 6,120,547 18.13 &ndash &ndash
3. DMG & Partners Securities Pte Ltd 3,641,504 10.79 &ndash &ndash 4. Lim Wee Kian 2,450,231 7.26 587,685(2) 1.74 5. Crouzet Limited(3) 1,748,446 5.18 &ndash &ndash
Notes:
(1) Mr. Lim Chung Chun is deemed to be interested in the shares held by Accretion Investments Pte Ltd and his spouse, Mdm. Neo Lay Kien. Accretion Investments Pte Ltd is a company incorporated in the British Virgin Islands. Mr. Lim Chung Chun and Mr. Lim Wee Kian hold 51% and 49% of the ordinary voting shares of Accretion Investments Pte Ltd respectively.
(2) Mr. Lim Wee Kian is deemed to be interested in the shares held by Accretion Investments Pte Ltd. Accretion Investments Pte Ltd is a company incorporated in the British Virgin Islands. Mr. Lim Chung Chun and Mr. Lim Wee Kian hold 51% and 49% of the ordinary voting shares of Accretion Investments Pte Ltd respectively.
(3) Crouzet Limited is a company incorporated in the British Virgin Islands, and is an investment vehicle for various current and previous employees of our Company. Crouzet Limited does not hold any shares in our Company
chartistkao1 ( Date: 14-Jan-2022 16:51) Posted:
sph made many investments in the past some sell at a losses but one right investment it had made is vie
https://www.ifastcorp.com/ifastcorp/investor-relations/unitholder-statistics.tp |
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