Growth stocks are companies that grow at rates above that of other listed companies in general.
In Singapore, one such growth stock, in my books, is iFAST Corporation Ltd (SGX: AIY).
It was also picked as one of the Singapore shares to watch in 2020.
Here, let’s explore the company in-depth and why it looks attractive to me.
TL;DR: Is iFAST A Perfect Stock For You?
Some investment merits of iFAST:
Scalable business Lots of recurring revenue Long runway for growth Reasonable valuation iFAST’s Business Background
iFAST runs an Internet-based investment products distribution platform that provides a comprehensive range of investment products and services to both corporate clients and retail investors. As of 31 December 2019, it had assets under management (AUA) of S$10 billion.
Right now, iFAST has a presence in Singapore, Hong Kong, Malaysia, China and India.
iFAST has two main business divisions, namely, Business-to-Consumer (B2C) and Business-to-Business