iFAST

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(25-02-2021, 08:05 AM)Curiousparty Wrote:
(24-02-2021, 11:12 PM)Shiyi Wrote:
(24-02-2021, 11:11 PM)Shiyi Wrote:
(24-02-2021, 08:22 PM)Curiousparty Wrote: LCC has bought back shares again after a long hiatus => Strong vote of confidence.

https://links.sgx.com/1.0.0/corporate-an...8aca54e26a

Key coming developments:-

1. Stock connect in China market => linking all the major stock exchanges (e.g. HKSE, Shenzhen and shanghai) - PENDING
2. Malaysia Stock brokering business license => Secured and Work in Progress
3. China private fund business license => Secured and Work in Progress
4. DB license in other countries (e.g. Malaysia)=> PENDING
5. Hong Kong eMPF Tender (very big impact if won) => Secured  and Work in Progress

It's just a transfer of shares from his nominee account to CDP.

Page 6 and  7.........
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(25-02-2021, 10:53 AM)Shiyi Wrote:
(25-02-2021, 08:05 AM)Curiousparty Wrote:
(24-02-2021, 11:12 PM)Shiyi Wrote:
(24-02-2021, 11:11 PM)Shiyi Wrote:
(24-02-2021, 08:22 PM)Curiousparty Wrote: LCC has bought back shares again after a long hiatus => Strong vote of confidence.

https://links.sgx.com/1.0.0/corporate-an...8aca54e26a

Key coming developments:-

1. Stock connect in China market => linking all the major stock exchanges (e.g. HKSE, Shenzhen and shanghai) - PENDING
2. Malaysia Stock brokering business license => Secured and Work in Progress
3. China private fund business license => Secured and Work in Progress
4. DB license in other countries (e.g. Malaysia)=> PENDING
5. Hong Kong eMPF Tender (very big impact if won) => Secured  and Work in Progress

It's just a transfer of shares from his nominee account to CDP.

Page 6 and  7.........

Oh I see. He bought 40 lots. My apologies for the oversight.
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sad that many value buddies have missed out on iFast when it was only $1 to $1.20 ........

Another milestone set with the launch of stock brokering services in Malaysia...

(don't miss out on Boustead upswing too - the other thread)

---
iFAST Malaysia strengthens its multi-assets investment platform
position with launch of stockbroking service

MALAYSIA (29 March 2021) — iFAST Capital Sdn. Bhd. (“iFAST Malaysia”), a wholly-owned
Malaysian subsidiary of iFAST Corporation Ltd. (“iFAST Corp”), has announced the launch of its
stocks and exchange traded funds (“ETFs”) brokerage services on FSMOne.com in Malaysia, its
Business-to-Consumer (“B2C”) division.
The new range of services is in line with iFAST Malaysia’s commitment to provide the best wealth
management solutions all under one platform. With the FSMOne.com Malaysia account, Do-ItYourself (“DIY”) investors can now invest seamlessly in unit trusts, bonds, managed portfolios,
insurance and stocks and ETFs listed on Bursa Malaysia. iFAST Malaysia is the first investment
platform to become Participating Organisation onboarded on the Bursa since 2009.
In addition to the launch of Stocks and ETFs in Malaysia, iFAST Malaysia is looking to broaden its
markets to provide stocks and ETFs listed in the United States and Hong Kong markets in the near
future so that investors can create a globally diversified portfolio. The brokerage commission fee
offered on FSMOne.com Malaysia is 0.05%, with a minimum fee of RM8.80. But for a period of one
month from 29 March 2021, investors who trade in Bursa-listed stocks and ETFs can enjoy a 0%
commission fee.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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https://secure.fundsupermart.com/fsm/art...tocks-etfs

A Sweeter Deal for ALL Clients: Enjoy Permanent S$8.80 Flat Processing Fees* for SGX Stocks/ETFs

Craving for a sweet treat? You donut need to look any further - We’re bringing good news to you!

Starting from 5 April 2021 (Monday), all FSMOne clients can enjoy a permanent flat processing fee* of SGD 8.80 for SGX Stocks/ETFs.

This isn’t just an exclusive benefit. This isn’t a short-term promotion. It’s a permanent sweet treat for ALL! FSMOne is the first and only investment platform where you can enjoy this permanent flat deal for your trades on SGX.

What does this mean for you? Whether you make a SGD 10,000 or SGD 100,000 trade, you will only pay SGD 8.80 in processing fees*. So, the higher your investment amount, the more cost savings for you! Check out our FSMOne Survival Kit below to make full use of our tools to have the best Singapore stocks/ETFs investment plan.

*Please note these:

For non-SGD transactions for Stocks/ETFs listed on SGX, the following currency charges apply:
Flat: USD 8.80, AUD 8.80, EUR 8.80, GBP 8.80
Flat: CNY 50, HKD 50, JPY 800
Enjoy our promotional processing fee* of 0% for ETF RSP till 8 July 2021. Click here to find out more.
Processing fees stated here exclude GST. Exchange-related fees still apply.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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sad that many value buddies had poured cold waters without going into details of the moat and ecosystem of ifast, essentially missing out on the GEM of a lifetime and a super XX baggers...

Depending on the extent of success in China, it could become a $25 (MC only 6.75bil) or $50 (MC only $13.5bil) or even $100 stock (MC - $27bil).

Charles Schwab has a MC of $150bil...

LCC again said during the recent AGM that $100bil AUA target is just a tiny drop in the ocean of wealth management!!!


New Target Price of $8 by CIMB....the process of re-rating would probably keep going until ifast hit $XX...

https://s3-ap-southeast-1.amazonaws.com/...1619323023
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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https://youtu.be/mIGg0jnZ_Cg

Next 20 years - hopefully will take ifast to a $10bil Market cap company . It is only about 1.8b now . (Compared with Charles Schwab - $150b)
Listen carefully to last part -
The best is yet to come...

His statement exuded confidence. Internet business is such that the winner takes it all .... scale begets scale and becomes even much harder for anyone to compete.

iFast ecosystem is built over 20 years and still very much work in progress. As more licences, products, services, partners and clients are added to the ecosystem, then it becomes very difficult for anyone to replicate something close. It’s like Google, FB, Amazon, Or Tencent.

LCC mentioned that ifast has lesser and lessor competitors...
How to compete ? Many local brokers are dying a slow death . Now ifast is slowly taking on the big banks on their own turf .....
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]
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