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3 Stocks That Reported Soaring Profits
By The Smart Investor  •  May 19, 2021
There’s always a silver lining, even during Phase 2. Investors would do well to remember this as they navigate the current investing landscape to look for resilient companies. This is not the first time Phase 2 has happened. Last year, some businesses bucked the trend and reported significant higher net profits. Of course, the caveat here is that you should assess if these earnings are sustainable or just a one-off occurrence. That’s why it’s important to look at a company’s competitive moat, a concept popularized by investment guru Warren Buffett. When a business possesses a unique competitive advantage, investors can feel more certain that it will be able to continue reporting healthy numbers. Here are three companies that posted a significant year on year rise in net profit. iFAST Corporation Limited (SGX: AIY) iFAST is a financial technology company that owns and operates a platform for clients to purchase a variety of securities such as unit trusts, shares and bonds....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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