11 Dec 2019
(Stocks Discussion) SGX: iFAST Corporation Ltd (SGX: AIY)?
Discuss anything about iFAST Corporation Ltd SGX: AIY? share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment in iFAST Corporation Ltd SGX: AIY
This is one of the company that i love the most.
IFast is a fintech platform where they manage an asset of over 8B SGD.
Their business model is geared towards providing high customer value proposition. I believe many of you know iFAST is one of the cheapest local brokerage firm in singapore! They have more than 9k investment ptoducts for investors to choose from!
Mainly have 4 business division:
BUSINESS-TO-CONSUMER (B2C) PLATFORM, FUNDSUPERMART (INCLUDING ITS NEW FSMOne MULTI PRODUCTS ACCOUNT IN SINGAPORE AND HONG KONG), TARGETED AT DIY INVESTORS.
BUSINESS-TO-BUSINESS (B2B) PLATFORM THAT CATERS TO THE SPECIALISED NEEDS OF OVER 350 FINANCIAL ADVISORY COMPANIES, FINANCIAL INSTITUTIONS AND BANKS WHICH IN TURN HAVE MORE THAN 7700 WEALTH ADVISERS. (IFAST GLOBAL PRESTIGE AND IFAST CENTRAL).
EMERGING FINTECH SOLUTIONS/BUSINESS-TO-BUSINESS-TO-CONSUMER (B2B2C) MODEL. THIS IS A RELATIVELY NEW SOLUTIONS DEPARTMENT WHERE IFAST HELP INSTITUTIONAL CLIENTS TO IMPROVE THEIR FINTECH CAPABILITIES.
What is so good about them is because they have their own in house built IT capabilities. This is the reason why they are able to offer cheap comissions.
China business still loss making but CEO is confident in that market.
Financial wise all looks good!
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IFast is online brokerage company as well as a fund manager managing an asset of over 8B SGD.
This means they have two revenue streams. The fund many revenue is relatively stable and is resilient to economic downturn as there is a flat fee which clients to pay. As a result, the company constantly generates a string operating positive cash flow. However in recent prices, this advantage has been rewarded by the market and ifast is now trying at a high p/e and cash flow multiple.
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