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iFAST: A fast-growing company

Apple, Alphabet and Microsoft are the 3 largest companies in the world by market capitalisation as of the first quarter of 2018. What do these three companies have in common? They are all platform companies – companies that combine demand and supply and benefit from network effects. Platform companies typically see huge growth in revenue, … Continue reading iFAST: A fast-growing company →

iFAST 4Q25: Targets achieved

"Singapore private banks have been highly successful, but they primarily serve high-net-worth clients through non-digital business models. iFAST’s management team believes that, together with its presence in London and Hong Kong, the Group is wellpositioned to serve mass-affluent and retail customers globally, supported by scalable digital strategies." iFAST delivered another great quarter for the fourth … Continue reading iFAST 4Q25: Targets achieved →

iFAST 3Q25: Achieving record AUA

"In 3Q2025, positive investor sentiment in the global markets rally led to some depositors transferring their funds via the iFAST Bridge to their wealth management accounts within iFAST Group." iFAST platform strategy is achieving results. Low bank deposit growth was offset by strong growth in wealth management flows with some depositors transferring cash to wealth … Continue reading iFAST 3Q25: Achieving record AUA →

ifast Q1 25: Lower ePension earnings

Disclosure: I own shares of iFAST and this post isn’t investment advice. “As part of the updated Hong Kong targets in April 2025, the 2025 PBT target has been revised from HK$500 million to HK$380 million, reflecting a steeper ramp-up in resources and operating expenses than was originally planned for the ePension division.” Ouche! The … Continue reading ifast Q1 25: Lower ePension earnings →

ifast 4Q24: Achieving proof of concept

“The Group sees iFAST Global Bank’s ability to achieve profitability in less than three years after the acquisition (end-March 2022) as a major achievement…. It also demonstrates the Group’s ability to deploy new technology solutions rapidly, in a secure manner, and at far lower costs than most banks around the world.” iFAST is now the … Continue reading ifast 4Q24: Achieving proof of concept →

MSC: Mission Critical distributor

DISCLOSURE: I recently bought shares in MSC Industrial Supply and this post isn't investment advice. MSC Industrial Supply (MSC) is one of the largest US metalworking and MRO (Maintenance Repair Overhaul) distributors with the company having a 20% ROE and a 4% dividend yield. MSC distributes more than 2.4 million products from more than 3,000 … Continue reading MSC: Mission Critical distributor →

iFAST 4Q23: 917% earnings growth, IGB prospects and other bets

Disclosure: I am a iFAST shareholder! The fourth quarter of 2023 was all about iFAST’s ePension segment with contributions from the unit’s Hong Kong eMPF contract leading to net profit growing 917% year on year. eMPF eMPF will be the biggest source of revenue for iFAST over the next 2 years. iFAST lowered revenue guidance … Continue reading iFAST 4Q23: 917% earnings growth, IGB prospects and other bets →