Shares & Derivatives
Why did iFAST jump 27% from recent lows
By Dr Wealth  •  August 23, 2022
Once a hot stock, iFast has lost close to half of its market capitalisation this year alone. However, we are beginning to see a slight relive. In recent days, iFAST has made a comeback, climbing 27% from its recent low. This is due to two key factors: its half-year results and recent developments with its eMPF project (A pension fund system in Hong Kong). If you’re unfamiliar with iFAST, here’s a quick review. (with some updates) What is iFAST? iFast Corporation is a wealth management fintech platform that serves three four main business areas: Business-to-Consumer (B2C)FSMOne.com (previously “Fundsupermart”), a multi-product online wealth management platform that provides DIY investors access to a myriad of investment products. (AUA: S$5.44 billion)Business-to-Business (B2B): Provide financial products to over 540 financial advisories (FA) companies, financial institutions, and banks. (AUA: S$12.24 billion)Emerging Fintech Solutions / Business-to-Business-to-Consumer (B2B2C) Model: Equip its B2B clients and business partners with B2C Fintech capabilities...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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