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tangsookiam1947 Master	07-Sep-2024 09:52        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	wealth management is a sunset industry? hahaha.... 2Q2024 & 1H2024 iFAST Corp Results Presentation (sgx.com) &bull In 2Q2024, the Group&rsquo s net profit increased by 346.1% YoY to S$16.03 million, on the back of a 72.9% increase  YoY in Group&rsquo s gross revenue to S$93.75 million, and a 93.0% increase YoY in net revenue to S$61.38 million.  &bull The increase in profitability was driven by contributions from the ePension division, as well as improvements in  the Group&rsquo s core wealth management platform business.  &bull At the end of 2Q2024, Group AUA increased to a record high of S$22.37 billion, driven by net inflows of S$0.79  billion during the quarter.  &bull iFAST Global Bank&rsquo s customer deposit amounts grew to S$646.62 million as at 30 June 2024, an increase of 80.3%  year-to-date. This contributed to a 265.3% YoY growth in net interest income to S$1.85 million in 2Q2024. iFAST  Global Bank adopts a conservative stance in terms of its balance sheet strategy, with the vast majority of the  client deposits being held as cash with the Bank of England and with other banks, as well as short duration  sovereign bonds and investment grade bonds.  &bull iFAST Group is steadily increasing its capability and presence as a global digital banking and wealth management  group, with iFAST Global Bank as part of its global Fintech ecosystem. The Group expects iFAST Global Bank to  become an important growth driver in 2025 and beyond.  &bull The ePension division in Hong Kong will be an important growth driver in 2024 and 2025, while the overall  wealth management platform is expected to continue to show healthy progress.  &bull On an overall basis and barring unforeseen circumstances, the Group expects 2024 to see robust growth rates in  revenues and profitability compared to 2023. &bull For the second interim dividend for FY2024, the Directors proposed a dividend of 1.50 cents per ordinary share  (second interim dividend for FY2023: 1.10 cents per ordinary share).
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like2learn Veteran	07-Sep-2024 02:47        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	master explain iFast situation  ... US Jobs Report Tonight! Nvidia AI Chips Cheap in China! iFast is Gone Case!  https://www.youtube.com/watch?v=cEM2_FPLAEM
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tangsookiam1947 Master	06-Sep-2024 23:30        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can MAS or CAD investigate and see if there is any breach of financial regulations? Fataaa      ( Date: 05-Sep-2024 12:09) Posted: this sakura don' t even have a proper corporate website is a short seller meh???
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st3p178 Member	05-Sep-2024 14:36        st3p178 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sakura research never read the bakance sheet and P& L in details.  they must be some blind mice... actually no need to reply. The next few quarter reports will speak for itself. 🤣 🤣 🤣
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alexvar Member	05-Sep-2024 12:49        alexvar About Contact  Quote this Post!
x 0   x 0  Alert Admin	i know right! why would we even read Sakura ' research' , when they don' t have a corporate website! Sakura must be investigated by Cad, Mas, Sgx, and then sent to changi prison. we better trust iFast management and Mr Lim CC blindly.
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Fataaa Member	05-Sep-2024 12:09        Fataaa About Contact  Quote this Post!
x 0   x 0  Alert Admin	this sakura don' t even have a proper corporate website is a short seller meh???
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KennyTanKW Member	04-Sep-2024 21:54        KennyTanKW About Contact  Quote this Post!
x 0   x 0  Alert Admin	So you are from Sakura! Don't come and talk nonsense here. I am vested.
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uiop1223 Supreme	04-Sep-2024 19:21        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I see? anyway, mkt ignored shakura 😂
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turtletrader Senior	04-Sep-2024 16:44        turtletrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the 3rd time you replied to my post and so pro Sakura. Are you part of Sakura team:) alexvar      ( Date: 04-Sep-2024 15:29) Posted: Indeed, Sakura team should be investigated by Mas, Sgx, Cad, and maybe even the PM Office for their research and allegations! I think that Mr Lim CC can easily address all the questions and allegations raised about iFast, including iFast operating cash flows, increasing balance sheet stress and increasing Balanse Sheet leverage, and the allegedly suspect accounting tricks. So far, I have read this:  " In response to queries from Business Times, iFast declined to comment on most of the allegations made by Sakura Research." DYODD.
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turtletrader Senior	04-Sep-2024 16:40        turtletrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Youtuber has name when they shared. So there is no need of investigation to reveal who is the youtuber. I am not against peopel having contrary views against iFAST. If youtuber say defamatory remark against iFAST, DBS or any company, the company can use legal recourse against the youtuber. We forumers just buy popcorn and watch drama:)   Sakura Research has no identifiable person behind the website and it says there is accounting trick to inflate the opetating cash numbers etc. Why don' t come out openly like Muddy Water Research and make the allegation? Then we can wait for iFAST to respond openly to a known person and watch the show:)  uiop1223      ( Date: 04-Sep-2024 16:23) Posted: Sakura states in its terms that its opinion sharing only. Any youtuber can also share views whether to short or long, alwasy indicate upfront its for sharing purpose and not meant as financial advice to readers. Does MAS , CAD , sgx needs to investigate all ?
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uiop1223 Supreme	04-Sep-2024 16:23        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sakura states in its terms that its opinion sharing only. Any youtuber can also share views whether to short or long, alwasy indicate upfront its for sharing purpose and not meant as financial advice to readers. Does MAS , CAD , sgx needs to investigate all ?
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alexvar Member	04-Sep-2024 15:29        alexvar About Contact  Quote this Post!
x 0   x 0  Alert Admin	Indeed, Sakura team should be investigated by Mas, Sgx, Cad, and maybe even the PM Office for their research and allegations! I think that Mr Lim CC can easily address all the questions and allegations raised about iFast, including iFast operating cash flows, increasing balance sheet stress and increasing Balanse Sheet leverage, and the allegedly suspect accounting tricks. So far, I have read this:  " In response to queries from Business Times, iFast declined to comment on most of the allegations made by Sakura Research." DYODD.
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turtletrader Senior	04-Sep-2024 14:05        turtletrader About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you for your summary.    You are speaking to the convert and I do not have issue with iFAST' s explaination through Business Times yesterday.  I think it is a test on Mr. Lim CC & his team, if the team passes the test, it will garner more shareholders & support, part of development of listed company. iFAST' s business model is quite unique & scalable. So I hope it continue to grow well and give us shareholders with increasing dividends in the future.  The other key request to SGX is to investigate Sakura Research - while it is not ilegal to do short-selling in Sg, hiding under the cover of anonymous identity is not good for the market.  Muddy Water Research did short sell, but we know Calson Block is behind the research entity. Who is behind Sakura Research? Even Business Times could not uncover...so hopefully regulator such as SGX/MAS could assist. tangsookiam1947      ( Date: 03-Sep-2024 22:13) Posted: iFast Corporation: Refuting Short-Seller Claims &ndash minichart.com.sg   iFast Corporation: Refuting Short-Seller Claims: iFast Corporation has denied claims made in a short-seller report by Sakura Research, which questioned the sustainability of iFast&rsquo s Hong Kong ePension division&rsquo s revenue, the health of its UK digital bank, and its overall profitability. Sustained Revenue from ePension Division: iFast asserts that its ePension division in Hong Kong will maintain revenue over a seven-year contract period, despite the short-seller&rsquo s prediction of a significant revenue drop after the project&rsquo s full implementation in 2025. Industry Analyst Support: CGS International analyst Andrea Choong and UOB Kay Hian analyst Heidi Mo refuted Sakura Research&rsquo s claims, highlighting iFast&rsquo s solid financial position and growth prospects, particularly with the upcoming onboarding of additional trustees to the ePension project. UK Digital Bank Prospects: iFast&rsquo s UK digital bank, iFast Global Bank, aims to break even by Q4 2024. Comparisons made by Sakura Research between iFast Global Bank and other digital banks like GXS Bank were deemed unfair by analysts, who noted iFast&rsquo s focus on a broader customer base and revenue from loans. Improved Profitability Metrics: iFast&rsquo s profit before tax for the latest half-year stood at S$37.9 million, with a ratio of operating profit to assets under administration (AUA) improving to 0.169%, up from 0.047% in 2023. The decline in 2022 was attributed to impairments and higher operating expenses related to new projects. Stock Impact: Since the release of the short-seller report on Aug 19, iFast&rsquo s shares have fallen by 3% to S$7.07 as of Aug 30, with a year-to-date decline of 13.9%. Thank you turtletrader      ( Date: 03-Sep-2024 18:39) Posted: Exactly, it seems v low cost to set up a website & issue opinion piece to gain supporters for financial benefits. I have sent the Sakura Research link to regulator at [email protected] to investigate the claims on iFAST and also on Sakura Research itself. Does Sakura Research needs to be regulated like those research houses own by banks/stockbrokers? Hopefully the regulator can step in for more clarity, rather than you say/I say&hellip
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uiop1223 Supreme	04-Sep-2024 06:52        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Short selling is not banned in sgx. I absolutely love shorting sgx companies. I read the shakura report. Financial sttms and forward looking projections are subjective and up to readers whether they believe the contents. dont see why opinions cant be shared, unless in communist china. U prefer to live in China?
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deltaforce2024 Member	03-Sep-2024 22:56        deltaforce2024 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore is not China. That' s why you shouldnt publish anonymous research reports online, show your name and positions! If you dont know regulation, try Chatgpt. uiop1223      ( Date: 03-Sep-2024 22:20) Posted: Dont be childish. Singapore is not china. If a company is good, short seller cant bring down deltaforce2024      ( Date: 03-Sep-2024 19:43) Posted: I have just reported Sakura Research to MAS and SGX. They are manipulating the stock markets. The authors will be in jail very soon. Dont play play in Singapore.
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uiop1223 Supreme	03-Sep-2024 22:20        uiop1223 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dont be childish. Singapore is not china. If a company is good, short seller cant bring down deltaforce2024      ( Date: 03-Sep-2024 19:43) Posted: I have just reported Sakura Research to MAS and SGX. They are manipulating the stock markets. The authors will be in jail very soon. Dont play play in Singapore.
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tangsookiam1947 Master	03-Sep-2024 22:13        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	iFast Corporation: Refuting Short-Seller Claims &ndash minichart.com.sg   iFast Corporation: Refuting Short-Seller Claims: iFast Corporation has denied claims made in a short-seller report by Sakura Research, which questioned the sustainability of iFast&rsquo s Hong Kong ePension division&rsquo s revenue, the health of its UK digital bank, and its overall profitability. Sustained Revenue from ePension Division: iFast asserts that its ePension division in Hong Kong will maintain revenue over a seven-year contract period, despite the short-seller&rsquo s prediction of a significant revenue drop after the project&rsquo s full implementation in 2025. Industry Analyst Support: CGS International analyst Andrea Choong and UOB Kay Hian analyst Heidi Mo refuted Sakura Research&rsquo s claims, highlighting iFast&rsquo s solid financial position and growth prospects, particularly with the upcoming onboarding of additional trustees to the ePension project. UK Digital Bank Prospects: iFast&rsquo s UK digital bank, iFast Global Bank, aims to break even by Q4 2024. Comparisons made by Sakura Research between iFast Global Bank and other digital banks like GXS Bank were deemed unfair by analysts, who noted iFast&rsquo s focus on a broader customer base and revenue from loans. Improved Profitability Metrics: iFast&rsquo s profit before tax for the latest half-year stood at S$37.9 million, with a ratio of operating profit to assets under administration (AUA) improving to 0.169%, up from 0.047% in 2023. The decline in 2022 was attributed to impairments and higher operating expenses related to new projects. Stock Impact: Since the release of the short-seller report on Aug 19, iFast&rsquo s shares have fallen by 3% to S$7.07 as of Aug 30, with a year-to-date decline of 13.9%. Thank you turtletrader      ( Date: 03-Sep-2024 18:39) Posted: Exactly, it seems v low cost to set up a website & issue opinion piece to gain supporters for financial benefits. I have sent the Sakura Research link to regulator at [email protected] to investigate the claims on iFAST and also on Sakura Research itself. Does Sakura Research needs to be regulated like those research houses own by banks/stockbrokers? Hopefully the regulator can step in for more clarity, rather than you say/I say&hellip
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tangsookiam1947 Master	03-Sep-2024 22:09        tangsookiam1947 About Contact  Quote this Post!
x 0   x 0  Alert Admin	well done! deltaforce2024      ( Date: 03-Sep-2024 19:46) Posted: Stock manipulation is a seriour offence under SFA.  let' s wait for the authors of Sakura Research to be in Changi Prison very soon.
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2egg4kosong Veteran	03-Sep-2024 20:54        2egg4kosong About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	What kind of ceo will shift his head constantly while giving an interview? iFast looks interesting ... nice work sakura! https://youtu.be/s1hi-kKkOlQ?si=wdC-Ow2YlRNmV6M5
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bamboo300306 Veteran	03-Sep-2024 20:40        bamboo300306 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Yeah, hope Mas and SgX can strip ifast to see the truth. bamboo300306      ( Date: 04-Jun-2024 17:17) Posted: This is a typical tactic to suck your money. If business do good why still issue debt at so high interest.
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