$IFAST CORPORATION LTD.(AIY.SI)$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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