iFAST

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(24-07-2022, 11:47 AM)Curiousparty Wrote: https://www.theedgesingapore.com/capital...stitutions

Technically, the chart patterns of the local banks and iFAST Corp are pointing to further retreats. Among them, iFAST is the weakest, mainly technically, but also fundamentally. iFAST has formed multiple head-and-shoulder top formations, with the most recent breakdown occurring at around $6.23, indicating a downside of below $3. The breakdowns took place in January and March (highlighted in previous Right Timing columns), despite still-positive outlooks by some analysts and market observers.

Currently, iFAST’s share price is drifting lower, most probably on the way to its target of below $3. These declines are likely to be punctuated by temporary rebounds. At present, the rebounds are getting weaker. Eventually, the declines will get weaker and prices will be ready for stronger rebounds. That point is not at hand yet.

Hi Curiousparty,

Your post is purely technical charting in nature and this is not part of the VB norm.

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Waiting for price to lower in view of earnings increase towards end of 2023, 2024 onwards.

The HK project, are there any possibility of cancellation/delay/wrong revenue projection?
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waiting at $1
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(25-07-2022, 02:40 PM)desmondxyz Wrote: waiting at $1

hi desmondxyz,

It would be welcomed that you provide some context and analysis. Such "1 liner posts" are not encouraged on VB.com

Posting guidelines: https://www.valuebuddies.com/thread-1844.html

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(25-07-2022, 10:23 AM)snowballwisdom Wrote: Waiting for price to lower in view of earnings increase towards end of 2023, 2024 onwards.

The HK project, are there any possibility of cancellation/delay/wrong revenue projection?

With HK, anything is possible, so factor that delays into the earnings projection and decide when you want to go in, or sit it out,

having said that, iFast started share-buy backs to stem the price drop... :O
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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Actually iFast is just a subcontractor in this HK project. 

PCCW is the platform owner.

It seems like they are just involve in the transferring of assets into this new platform. 
The platform is expected to be live in 2025.

The transferring will be done from 2023 to 2025, this is the period iFast will be involve in.
That is why iFast when they forecast revenue for this project, they only indicate 2023, 2024 and 2025. They did not state 2025 and beyond.


So iFast will not be involve once the platform goes live? That is PCCW portion?

As such, it is consider a one-time income for iFast from 2023 to 2025?


Can any senior investor help to advise if my understanding is correct?
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