All five Evergreen stocks (iFAST, Kingsmen, SOG, China Aviation and HRNet) reported poor results for the first quarter of 2019 but I’m sticking with them. These companies have a history of producing great results and I’m giving them 2-3 years more before I consider selling.

iFAST

Revenue and net profit declined because of” a decrease in front-end commission income resulting from a significant drop in customers’ investment subscription in unit trusts”. This was one of the key risks mentioned in my thesis so it wasn’t a surprise to me. iFAST is one of the lowest cost investment platforms in Singapore and Asia and should benefit from network effects and the tailwinds of a rising Asian middle class. I’m confident that results will improve in the next few quarters. iFAST has a 2.9% dividend yield and has the highest valuations within my portfolio but I think it’s worth paying up for the