October 2021 Returns: 3.39%
Year to Date Returns: 58.77%
Since Inception (9 Sept 2020) Returns: 75.25%
October Returns are decent, Uni-Asia pulling in the returns while main detractor is Ifast.
Thoughts on Ifast Results
-Q3 is not as good as 1H 2021 results, however still beat Q3 2020 results.
-Guidance given for 2024/2025 from Hong Kong MPF is very very outstanding and has beat street expectations. However the share actually went up in trading hours on the morning results was released before closing at a negative gain and this momentum continued on for the next few trading days.
-Personally i feel that this injection of eps is still very far and as the chinese saying goes 远水救不了近火, in english it means that distant water does not put out an impending fire. The concern will be to grow its AUA and ensure that it gets revenue improvements. With the introduction of buying funds on apps such as Moomoo, competition has started to get much tougher....