Latest Forum Topics /
IFAST
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up and coming
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pcxiao2008
Master |
28-Jul-2020 13:37
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ya...maybe on tml or thurs morning then got action...
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turtletrader
Senior |
28-Jul-2020 13:31
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Great to see higher TP. Consolidation phase currently and hope to cross $2 eventually:)
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Acl2013
Veteran |
27-Jul-2020 12:34
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Last week 22/07 already hit $1.930, CIMB 23/07 than change their tp but still lower 
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hokpin
Supreme |
27-Jul-2020 11:36
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DBS' s one is SGD 2.35. chttps://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevelopment/data/en/DBSV/072020/IFAST_SP_07242020.xml  
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turtletrader
Senior |
27-Jul-2020 11:24
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Revised TP by CIMB 23 Jul is $1.85, almost there:). Weblink:https://research.sginvestors.io/2020/07/ifast-corporation-cgs-cimb-research-2020-07-23.html |
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Joelton
Supreme |
27-Jul-2020 09:01
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iFAST Corporation
 
The Albizia Asean Tenggara Fund recently reduced its deemed interest in iFAST Corporation below the substantial shareholder threshold, from 5.10 per cent to 4.81 per cent.
 
In a July 22 filing, the fund noted that it had disposed of 800,000 shares for a consideration of S$1,449,040, at an average price of S$1.81 per share.
 
Back on Nov 6, 2019, the Albizia Asean Tenggara Fund' s deemed interest crossed above the 5.00 per cent substantial shareholder threshold with 300,000 shares acquired at an average price of S$1.03 per share.
 
Albizia Capital is an independent boutique fund management company, based in Singapore. With its experience and network in the Asean region, its goal is to invest in companies at an attractive discount to intrinsic value.
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tangsookiam1947
Master |
27-Jul-2020 08:32
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The beauty of platform business like ifast is that once the critical mass is reached, incremental revenue increase all goes to the net profit as marginal cost is close to zero! Watch out for the China segment . If u plot the trajectory of China AUA every quarter for the past few years, u can notice that the jump from Q1 2020 to Q2 2020 was very significant. I expect the critical mass AUA for China segment to be reached in around mid 2021. Need a bit of patience here ....the positive effort of Raffles Family Office is going to take the market by storm soon... The net gain in EPS from China segment (turning from losses of 4.5mil to zero loss) = 1.7 cents or gain in valuation of 40 cents assuming PE of 25. Once China segment turns into massive profit, one can only imagine the huge net profit !!! |
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hokpin
Supreme |
24-Jul-2020 14:33
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The stable dividend is good, 4 times a year (Apr, May, Aug & Nov). Catalyst to push up the price is the ward of Full Digital Banking License. Short term, the price will be stagnant at this level.
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jjayjay
Member |
24-Jul-2020 11:15
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Hi Seniors, what do u think of this stock?  is it worth to keep and wait? | ||||
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KiasiGuy
Veteran |
24-Jul-2020 00:57
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I think the increase in price over the  latter part of Tuesday, entire wednesday were all retail investors. Bascially for a small volume trade, the price shot up a lot. Big players accumulated at a lower price earlier on. I wanted to buy but saw each sell volume at each price level less than 100K share from 1.79 to 1.8++. For few hunder Ks the price can already be pushed up to heaven level. IFAST probably will go up later on when the price drop and accumulation recur for awhile at lower price. | ||||
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hokpin
Supreme |
23-Jul-2020 23:16
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At this point of time after earning report release, there is still no any analyst report covering it. Though it achieved the record revenue, awesome profit and business growth in China, it still kena sold off on news today. Suggest you to wait a while first for the analyst report. IMO the price might be retraced to 1.6x level.
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VeggieMe
Member |
23-Jul-2020 22:49
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To all the seniors who have been monitoring IFAST, any suggestion to enter when the price seems to be going down? Analysts quote that they have a 1/3 chance of securing the digital bank license tho.  | ||||
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satruz
Master |
23-Jul-2020 16:40
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Time to recover | ||||
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hokpin
Supreme |
23-Jul-2020 15:56
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Bro, I missed out your post. The entry price is too high for me now.
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turtletrader
Senior |
23-Jul-2020 15:52
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iFAST has gone up too fast over the past week, think currently going through short term consolidation. Long term it is still a very good investment and will continue to hold this stock, collect the dividends on 19 August and wait for the price to appreciate steadily. DYODD. | ||||
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Acl2013
Veteran |
23-Jul-2020 14:15
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My post on 10:49 morning and Frencken is 0.990/0.995, got 15minute for you to decide. Now can' t tell, but I think before early Aug result, Frencken still got room to go up. TP $1.200  
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Deepthought
Senior |
23-Jul-2020 12:44
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as mentioned ealier, those tat attend AGM questioned mgmt  wat happened to the 78% investm in China unaccounted for? why only 22% profitable. Read within e lines when comes to coy reports
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hokpin
Supreme |
23-Jul-2020 12:38
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Wow, Bro, but UMS & Frencken both jumped a lot today! Too high of the entry price now.
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hokpin
Supreme |
23-Jul-2020 12:31
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Ok. Thx. Bro. iFast posted record revenue, profit and growth in China business but still kena sold off!
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jjayjay
Member |
23-Jul-2020 12:00
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but seems like going down now.  and dropped alot
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