Against the backdrop of market correction, the share price of numerous Singapore blue chips have retreated to new lows over the past one year. But one shining stock stands out among the sea of red. Of note-worthy, iFAST share price runs against the turn of tide and continues to be bullish despite headwinds in the market.
And I am still slapping myself for missing this multi-bagger as iFAST share price went on a majestic bull run since mid-June 2017. The stunning pace of iFAST share price caught many investors by surprise. Can iFAST share price continue to run? A lot will depend on how the management write the next chapter of growth for this enigmatic listed company, which has a lofty ambition of hitting $100 billion group asset under administration by 2028.
The attractive aspects of iFAST are that it is debt-free, has strong cash-flow and a scalable business that thrives in good times and bad times. Apart from Singapore Exchange, I struggle to find similar stock with such traits. In addition, iFAST has managed to reinvent itself successfully through significant capability enhancements recently. Henceforth, this article will examine whether iFAST share price is a good buy at current price level.
iFAST turns on the style
Indeed, what a journey it has been for iFAST, a trail-blazer fintech company listed in SGX mainboard only in 2014. For the uninitiated, iFAST is the parent company of online financial platform, Fundsupermarket.com. iFAST is well-known among the community for its innovative online products that result in much cost savings for consumers. But it is this competitive edge that riles its competitors and often lands it in hot soup.
In 2013, iFAST launched a special promotional offer through its online platform, Fundsupermarket in which [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
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