Disclosure: I own shares of iFAST and this post isn’t investment advice. “ I feel that what our iFast Global Bank has opened up for us can lead to something much bigger.”- Lim Chung Chun, iFAST CEO iFAST reported decent second quarter 2023 results and a strong outlook for the second half of 2023. Net revenue increased 6.5% year on year to S$31.8 million while net profit was S$3.5 million compared to a net loss in 2Q22. The company’s core Singapore, Malaysia and Hong Kong operations improved during the quarter but the UK and China segment is still struggling. Here are the good and bad details from the results call.

Good

Net inflow improved 65% year on year to S$543 million with unit trust inflows driving growth but was still down 8% year on year because of volatile markets. The ePension segment is firing on all cylinders and will...