What it’s going on ??

Bull Run : Shorters thoughts that this counter easily short down and hope to create Sell pressure influence the share price and followers to dump cheaper so they can buy back cheap.

sentosa island : Asking such a cute question

InvestorGod : iFAST Corporation Limited (SGX: AIY)

iFAST is a financial technology (fintech) company that operates a platform for the buying and selling of unit trusts, shares, and bonds.

The group saw its share price hit an all-time high of close to S$10 back in September 2021.

The fintech may be the next in line to surpass this all-time high as it reports a strong set of results for the third quarter of 2024 (3Q 2024).

Net revenue climbed 53.4% year on year to S$64 million while operating profit shot up 92.4% year on year to S$21.5 million.

Net profit for 3Q 2024 stood at S$16.8 million, up 97.3% year on year.

The group’s net profit for the first nine months of 2024 of S$47.4 million has already surpassed 2023’s full year profit of S$28.3 million.

iFAST’s assets under administration also reached a new record of S$23.62 billion, up 23.6% year on year.

The group declared an interim dividend of S$0.015 for 3Q 2024, up from the S$0.013 it paid out in the prior year.

Management is confident that the Hong Kong ePension division will be an important growth driver for this year and the next.

The group also expects its digital bank division to become an important growth driver in 2025 and beyond.