Shares & Derivatives
Is iFAST antifragile?
By Evergreen Investing  •  May 7, 2020
“Antifragile” refers to things which gain from disorder and iFAST had some big gains in the first quarter of 2020!
  • 1Q20 net revenue grew 25% year on year(yoy) and 11% quarter on quarter(qoq)
  • Recurring net revenue grew 11% yoy and 2% qoq
  • Net client inflows was 224% higher year on year and 119% qoq
  • Net profit grew 127% yoy and 21% qoq
  • New client accounts grew 35% yoy and 10% qoq. In Singapore, there was a “record number of new account holders” during the quarter.
It may be too early to predict full year 2020 results but the improved results seem sustainable.
  1. Unit trust inflows jumped 148% yoy during the quarter. Unit trusts are the largest source of recurring revenue for iFAST so this is great news.
  2. Despite the jump in unit trust inflows, iFAST is becoming a more diversified platform and reducing dependence on unit trusts.
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By Evergreen Investing
I have been investing over the last 8 years and felt inspired to start this blog after getting many questions from friends and family about dividend investing. The Evergreen Investing blog aims to prove that a portfolio of SGX income stocks can generate decent annual returns through dividends and capital gains over a 5 year period ...
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