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(24-06-2020, 12:53 AM)EnSabahNur Wrote: (10-06-2020, 07:25 PM)Curiousparty Wrote: did someone ponder why of so many big brokering firms out there in the market, Raffles Family Office only chose to partner with iFast in China?
Why did they choose iFast?
Full suite of solutions - bond , ETF , unit trusts etc ...
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Most traditonal brokerages offer the full suite too.
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Then why don’t RFO choose the rest of the brokers ?
It is akin to saying any company can become like SGX ....
Maybe good to research into the details of Eg the bond supermart ....
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(03-07-2020, 07:18 AM)Curiousparty Wrote: Then why don’t RFO choose the rest of the brokers ?
It is akin to saying any company can become like SGX ....
Maybe good to research into the details of Eg the bond supermart ....
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Is Bondsupermart a unique product?
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(04-07-2020, 01:26 AM)EnSabahNur Wrote: (03-07-2020, 07:18 AM)Curiousparty Wrote: Then why don’t RFO choose the rest of the brokers ?
It is akin to saying any company can become like SGX ....
Maybe good to research into the details of Eg the bond supermart ....
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Is Bondsupermart a unique product?
Stealing the lunches and dinners of banks ....
I’m not sure how best to put it .... game changer ?
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https://www.businesstimes.com.sg/compani...n-june-sgx
THE total market turnover value of securities on the Singapore bourse rose 74 per cent on the year last month to S$38 billion, while the securities daily average value (SDAV) climbed 50 per cent to S$1.73 billion, as markets reflected optimism from the reopening of major economies.
Meanwhile, the market turnover value of exchange-traded funds (ETFs) surged to S$487 million last month, up 138 per cent from the preceding year, the Singapore Exchange (SGX) said in its monthly market statistics report on Wednesday.
Preview of ifast q2 results to be released by end July ...
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16-07-2020, 01:14 PM
(This post was last modified: 16-07-2020, 01:36 PM by Curiousparty.)
The EPS for ifast for first half of 2020 may match that of the FULL year for last year .
Hence, it doesn’t come as a surprise that share price has reflected this .
In additional , ifast is a true blue home grown company with a proven and profitable model . Hence , the winning of the DB license is likely to catapult the share price beyond $2 easily .
So in summary , all time high eps for coming FY (estimated to be twice of last FY) and the winning of the DB license .
As mentioned before , ifast is on the cusp of a major transformation into a major blue chip
One of the best investments of a lifetime !!!
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https://www.cnbc.com/2020/07/21/e-broker...arter.html
The performance of other major brokers in the markets - all smashing the records !
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25-07-2020, 08:03 AM
(This post was last modified: 25-07-2020, 08:04 AM by Curiousparty.)
https://www.theedgesingapore.com/capital...ations-dbs
Local fintech company and digital bank hopeful iFAST Corp is fast becoming a “beneficiary of digitalisation”, says DBS Group Research in a July 24 report. For 2Q2020, iFAST Corporation’s earnings surged 84.7% y-o-y to a record high of $4.53 million, with assets under administration (AUA) growing 11.5% year-to-date.
With results “above expectations”, DBS Group Research has revised its earnings forecasts for FY2020F and FY2021F up 41% and 44% respectively, with analyst Ling Lee Keng maintaining “buy” on the company with an increased trade price of $2.35, up from $1.27.
“Going forward, we continue to expect the acceleration of digital adoption in the wealth management industry to be a positive factor underpinning the growth prospects of iFAST,” says Ling.
DBS has raised AUA growth assumption to 12% p.a. for FY2020 and FY2021, from 8%. The company still has room for AUA growth, says Ling, as the current AUA level remains low at about 10% of the approximately $100 billion in assets under management (AUM) of the authorised and recognised collective investment schemes in Singapore.
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(25-07-2020, 08:03 AM)Curiousparty Wrote: https://www.theedgesingapore.com/capital...ations-dbs
Local fintech company and digital bank hopeful iFAST Corp is fast becoming a “beneficiary of digitalisation”, says DBS Group Research in a July 24 report. For 2Q2020, iFAST Corporation’s earnings surged 84.7% y-o-y to a record high of $4.53 million, with assets under administration (AUA) growing 11.5% year-to-date.
With results “above expectations”, DBS Group Research has revised its earnings forecasts for FY2020F and FY2021F up 41% and 44% respectively, with analyst Ling Lee Keng maintaining “buy” on the company with an increased trade price of $2.35, up from $1.27.
“Going forward, we continue to expect the acceleration of digital adoption in the wealth management industry to be a positive factor underpinning the growth prospects of iFAST,” says Ling.
DBS has raised AUA growth assumption to 12% p.a. for FY2020 and FY2021, from 8%. The company still has room for AUA growth, says Ling, as the current AUA level remains low at about 10% of the approximately $100 billion in assets under management (AUM) of the authorised and recognised collective investment schemes in Singapore.
Spikes in non-recurring revenue but not so much in recurring revenue
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