It’s been a breathtaking two years for iFAST Corporation Limited (SGX: AIY) as its business saw massive fund inflows. The pandemic pushed more people to transact online, resulting in net inflows of S$3.2 billion for 2020 and S$3.7 billion in 2021. Net profit more than tripled from S$9.5 million in 2019 to S$30.6 million in 2021, and iFAST saw its share price shoot up from just S$1.04 at the beginning of 2020 to S$8.45 at the end of 2021. Last year, however, iFAST’s business suffered from stock market volatility as a result of high inflation and surging interest rates. For the first nine months of 2022 (9M2022), the fintech reported a 78.1% year on year plunge in net profit. At the same time, its share price tumbled by close to 30% last year to S$5.84. To make matters worse, iFAST saw its share price plunge further by 11% in the past week. Is the group’s growth story over and should investors be justifiably concerned?...