iFast, analysts refute short-seller claims that business is unsustainable
iFast says it has continued to guide for revenue from its ePension division to be sustained over a contract period of seven years
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BANK and wealth management platform iFast Corporation has refuted claims made against the company in a recent short-seller report.
Among other things, the report by Sakura Research called into question the sustainability of iFast’s Hong Kong ePension division’s revenue, the health of the company’s UK digital bank, as well as the company’s profitability as it grows its assets under administration (AUA).
iFast’s Hong Kong-based subsidiary, iFast ePension Services, launched Occupational Retirement Schemes Ordinance (Orso) e-pension services, a digital pension solution for Hong Kong Orso pension schemes in June last year.
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