Dazz
2022-01-10

$IFAST CORPORATION LTD.(AIY.SI)$Given that the company is asking investors to fund for the acquisition of the bank, I feel that these are worse news than the analysts reducing their TP for iFast. 

https://www.theedgesingapore.com/news/equity-raising/ifast-raise-75-mil-share-offer-7-discount

Long term prospect for the company is positive, also given the potential growth from HK & Malaysia. However, investors must be cognisant that it is no longer possible for the company to enjoy the past vast growth like the last two years. I'm convincing myself that my money is in a 2 years fixed deposit and I hope this conviction will prove me correct in 2024 [Miser] 


What about you?

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Comments

  • HKpoh
    2022-01-11
    HKpoh
    Hop for the best
  • Ken7979
    2022-01-11
    Ken7979
    yeah..Just like a fd
  • Dazz
    2022-01-11
    Dazz
    thankfully the rights were oversubscribed at the higher tier of 7.50. Unless there are new developments, the price probably will stay around this level.
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