Smartkarma Research Team, Smartkarma

Smartkarma Research

Smartkarma Research Team

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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For this Smartkarma Corporate Webinar, we are glad to welcome Jean Paul Wong, Director of Corporate Communications at <a href="https://www.smartkarma.com/entities/ifast-corp-ltd" target="_blank" data-smartkarma-citation="entities:17798:1" rel="noopener">iFAST (IFAST SP)</a> and General Manager, FSMOne. He will share a short company presentation and have a fireside chat with Smartkarma Insight Provider, <a href="https://www.smartkarma.com/profiles/mio-kato" target="_blank" rel="noopener">Mio Kato</a>, followed by a live Q&amp;A session.
<h3>The Corporate Webinar will be hosted on Tuesday, 6 April 2021, 17:00 SGT.</h3>
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<h2><a href="https://share.hsforms.com/1H9pFZOB-RF2J00kbvMmxcw2c5gj?zoom_webinar_id=84407050865" target="_blank" rel="noopener">Register for the Webinar here</a></h2>
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Corporate Webinars by <a href="https://www.smartkarma.com/home/corporate-solutions/" target="_blank" rel="noopener">Smartkarma Corporate Solutions</a> feature discussions with IROs and Executives, discussing their companies, the challenges they face, and the opportunities in their sectors and markets.

For this Smartkarma Corporate Webinar, we are glad to welcome Jean Paul Wong, Director of Corporate Communications at iFAST (IFAST SP) and General Manager, FSMOne. He will share a short company presentation and have a fireside chat with Smartkarma Insight Provider, Mio Kato, followed by a live Q&amp;A session.
The Corporate Webinar will be hosted on Tuesday, 6 April 2021, 17:00 SGT.

Register for the Webinar here

Corporate Webinars by Smartkarma Corporate Solutions feature discussions with IROs and Executives, discussing their companies, the challenges they face, and the opportunities in their sectors and markets.

Smartkarma Corporate Webinar | iFAST: Fintech Ecosystem & Wealth Management Services Across Asia

Equity Analyst, LightStream Research

Shifara Samsudeen, ACMA, CGMA

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

<a href="https://www.smartkarma.com/entities/ifast-corp-ltd" target="_blank" data-smartkarma-citation="entities:17798:1" rel="noopener">iFast (IFAST SP)</a>  released its 4Q2020 results after market closed on Friday (05th February). During the quarter, the revenues increased by 41.6% YoY and operating income increased by a significant 155.6% YoY to S$8.3m. Both revenue and OP beat consensus estimates by 1.3% and 3.8% respectively during 4Q2020. For full-year 2020, iFast’s revenues surpassed its own guidance by 35.5%.<table class="table table-striped"><tbody>
<tr>
<td style="width: 121.5pt;">4Q2020 (S$m)</td>
<td style="width: 43.5pt;">Actual </td>
<td style="width: 58.95pt;">Consensus</td>
<td style="width: 65.0pt;">Difference</td>
</tr>
<tr>
<td style="width: 121.5pt;">Revenue</td>
<td style="width: 43.5pt;">47.9</td>
<td style="width: 58.95pt;">47.3</td>
<td style="width: 65.0pt;">1.3%</td>
</tr>
<tr>
<td style="width: 121.5pt;">Operating Income</td>
<td style="width: 43.5pt;">8.3</td>
<td style="width: 58.95pt;">8.0</td>
<td style="width: 65.0pt;">3.8%</td>
</tr>
<tr>
<td style="width: 121.5pt;">Operating Margin (%)</td>
<td style="width: 43.5pt;">17.3%</td>
<td style="width: 58.95pt;">16.9%</td>
<td style="width: 65.0pt;">0.4%</td>
</tr>
</tbody></table>Source: Company disclosures, LSRIn our last report <a href="https://www.smartkarma.com/insights/ifast-comes-out-successful-in-hk-s-empf-platform-project" target="_blank" data-smartkarma-citation="insights:47708" rel="noopener">IFAST Comes Out Successful in HK’s EMPF Platform Project</a> , we discussed iFAST) winning the eMPF project and the likely impact on the company’s revenues.

iFast (IFAST SP)  released its 4Q2020 results after market closed on Friday (05th February). During the quarter, the revenues increased by 41.6% YoY and operating income increased by a significant 155.6% YoY to S$8.3m. Both revenue and OP beat consensus estimates by 1.3% and 3.8% respectively during 4Q2020. For full-year 2020, iFast’s revenues surpassed its own guidance by 35.5%.

4Q2020 (S$m)
Actual 
Consensus
Difference


Revenue
47.9
47.3
1.3%


Operating Income
8.3
8.0
3.8%


Operating Margin (%)
17.3%
16.9%
0.4%

Source: Company disclosures, LSRIn our last report IFAST Comes Out Successful in HK’s EMPF Platform Project , we discussed iFAST) winning the eMPF project and the likely impact on the company’s revenues.

IFast 4Q2020 Results: Higher AUA Growth Drives Strong Earnings

<a href="https://www.smartkarma.com/entities/ifast-corp-ltd" target="_blank" rel="noopener">iFast Corp Ltd (IFAST SP)</a> offers investment products and services in Singapore, Hong Kong, Malaysia and China and is the first fintech company to be listed on the Singapore Stock Exchange. The company’s platform offers fintech and wealth management services to a large client base.On 30th January 2021, iFAST announced that the group led by PCCW Solutions (of which iFAST was a member), was awarded with the contract for the design, build and operation of the eMPF platform.In August 2020, Bloomberg reported that Hong Kong has shortlisted finalists to digitise its retirement funds system, allowing lower fees for more than 4m savers. The shortlisted candidates included a consortium led by OneConnect Financial Technology against a group led by PCCW, in which iFast has been a member.iFast participated in the tender for the eMPF Platform project as one of PCCW Solutions prime subcontractors for a category that includes MPF Scheme operation services, transformation services and user delivery services (Category C).

iFast Corp Ltd (IFAST SP) offers investment products and services in Singapore, Hong Kong, Malaysia and China and is the first fintech company to be listed on the Singapore Stock Exchange. The company’s platform offers fintech and wealth management services to a large client base.On 30th January 2021, iFAST announced that the group led by PCCW Solutions (of which iFAST was a member), was awarded with the contract for the design, build and operation of the eMPF platform.In August 2020, Bloomberg reported that Hong Kong has shortlisted finalists to digitise its retirement funds system, allowing lower fees for more than 4m savers. The shortlisted candidates included a consortium led by OneConnect Financial Technology against a group led by PCCW, in which iFast has been a member.iFast participated in the tender for the eMPF Platform project as one of PCCW Solutions prime subcontractors for a category that includes MPF Scheme operation services, transformation services and user delivery services (Category C).

IFAST Comes Out Successful in HK’s EMPF Platform Project

<a href="https://www.smartkarma.com/entities/ifast-corp-ltd" target="_blank" data-smartkarma-citation="entities:17798:1" rel="noopener">iFast Corp Ltd (IFAST SP)</a>  offers investment products and services in Singapore, Hong Kong, Malaysia and China. The company’s platform offers fintech and wealth management services to a large client base and is the first fintech company to be listed on the Singapore Stock Exchange.On 6th January 2021, iFast reported that its assets under administration (AUA) grew by 44.5% YoY to reach S$14.45bn as at 31st December 2020 from S$10bn in the previous year. This indicates a 14.8% QoQ increase from S$12.59bn as at the end of 3Q2020.

iFast Corp Ltd (IFAST SP)  offers investment products and services in Singapore, Hong Kong, Malaysia and China. The company’s platform offers fintech and wealth management services to a large client base and is the first fintech company to be listed on the Singapore Stock Exchange.On 6th January 2021, iFast reported that its assets under administration (AUA) grew by 44.5% YoY to reach S$14.45bn as at 31st December 2020 from S$10bn in the previous year. This indicates a 14.8% QoQ increase from S$12.59bn as at the end of 3Q2020.

IFast Corp: Higher AUA Growth Points Toward Significant Growth in 4Q Earnings (Quantamental)

iFast Corp, who offers investment products and services in Singapore, Hong Kong, Malaysia and China reported its 3Q2020 results on Friday (23rd October). During 3Q2020, the gross revenues grew 33.3% YoY while operating income grew at a stellar 164% YoY from S$2.8m to SG$7.4m. At the same time, net profit for the quarter more than doubled to S$6.1m from S$2.4m in the same quarter last year.Read our previous insights on iFast:<a href="https://www.smartkarma.com/insights/ifast-corp-grow-wealthy" target="_blank" data-smartkarma-citation="insights:41952" rel="noopener">IFast Corp: Grow Wealthy</a> <a href="https://www.smartkarma.com/insights/ifast-the-chance-of-winning-the-mpf-project-is-narrow-but-we-remain-positive-on-future-prospects" target="_blank" data-smartkarma-citation="insights:42287" rel="noopener">IFast: The Chance of Winning the MPF Project Is Narrow; but We Remain Positive on Future Prospects</a>

iFast Corp, who offers investment products and services in Singapore, Hong Kong, Malaysia and China reported its 3Q2020 results on Friday (23rd October). During 3Q2020, the gross revenues grew 33.3% YoY while operating income grew at a stellar 164% YoY from S$2.8m to SG$7.4m. At the same time, net profit for the quarter more than doubled to S$6.1m from S$2.4m in the same quarter last year.Read our previous insights on iFast:IFast Corp: Grow Wealthy IFast: The Chance of Winning the MPF Project Is Narrow; but We Remain Positive on Future Prospects 

IFast 3Q2020 Results: Strong Earnings Momentum to Continue with New Business Initiatives

Singapore

iFast Corporation Ltd. operates a funds and investments distribution platform in the Asia Pacific region.

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iFAST (IFAST SP)

Smartkarma Corporate Webinar | iFAST: Fintech Ecosystem & Wealth Management Services Across Asia

On 6 April, 5PM SGT, we welcome Jean Paul Wong, Director of Corp Comms at iFAST and GM, FSMOne. He will share a short company presentation and have...

Smartkarma Research

IFast 4Q2020 Results: Higher AUA Growth Drives Strong Earnings

iFast released its 4Q2020 results after market closed on Friday (05th February). During the quarter, the revenues increased by 41.6% YoY and...

Shifara Samsudeen, ACMA, CGMA

IFAST Comes Out Successful in HK’s EMPF Platform Project

On 30th January 2021, iFAST announced that the group led by PCCW Solutions (of which iFAST was a member), was awarded with the contract for the...

Shifara Samsudeen, ACMA, CGMA

IFast Corp: Higher AUA Growth Points Toward Significant Growth in 4Q Earnings (Quantamental)

iFast reported that its assets under administration (AUA) grew by 44.5% YoY to reach S$14.45bn as at 31st December 2020 from S$10bn in the previous...

Shifara Samsudeen, ACMA, CGMA

IFast 3Q2020 Results: Strong Earnings Momentum to Continue with New Business Initiatives

In this insight, we discuss iFast's 3Q2020 results, outlook and the company's valuation. The company's 3Q2020 results prove the resilience of its...

Shifara Samsudeen, ACMA, CGMA

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