Ifast will be reporting 3Q22 results on 26 October 2022.
The usual AUA, user growth and net inflow numbers will be messy because iFAST India segment will be removed from the numbers.
Here’s what I’ll be focusing on :
MPF revenue guidance
MPF-related revenue and earnings will be the biggest share price driver during the next 2 years. Pretax profit in 2025 from the Hong Kong segment alone is targeted to be SGD77 million which is 2x larger than 2021 pretax profit for the ENTIRE company. Acceleration of revenue recognition in 2023 should be helpful for the share price.
Net inflows
At least $300m Net inflow excluding India. Net inflows above $600m will be great. Overall AUA numbers will be hurt because of falling share prices and iFAST exiting the India segment.
iFAST Global Bank
When will the UK digital bank start accepting online deposits? Net interest income has a wonderful counter-cyclical effect on iFAST. iFAST net...