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8 lessons from owning iFAST Corp for 5 years

The future is exciting for iFAST, as it grows its eMPF platform in Hong Kong and its recently acquired UK digital bank.

    • Lim Chung Chun, chief executive officer of iFast Corporation. The company has embarked on a 4-pillar plan to grow its assets under administration over the next 5 years.
    • Lim Chung Chun, chief executive officer of iFast Corporation. The company has embarked on a 4-pillar plan to grow its assets under administration over the next 5 years. PHOTO: ST FILE

    Royston Yang

    Published Tue, Aug 30, 2022 · 02:50 PM

    YOU’D be amazed at how much you learn from owning a company for a long period.

    I first purchased shares of iFAST Corporation Limited (SGX: AIY), a leading financial technology (fintech) business, in April 2017 before adding more later that year for an average purchase price of S$0.69.

    iFAST runs an online platform for clients to buy and sell unit trusts, shares and bonds. At the start, I was impressed by iFAST’s ability to generate consistent free cash flow , maintain a debt-free balance sheet , and also pay out quarterly dividends .

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