- iFast Corporation refutes short-seller claims about its business model
- The company defends its ePension division’s revenue sustainability
- Industry analysts support iFast’s growth prospects and financial position
Show me the money
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iFast Corporation has vehemently denied allegations made by Sakura Research in a recent short-seller report.
The fintech powerhouse asserts its Hong Kong ePension division will maintain steady revenue over a seven-year contract period, contrary to Sakura’s gloomy predictions of a post-2025 decline.
Analysts join the fray
Industry experts from CGS International and UOB Kay Hian have rallied behind iFast, emphasizing the company’s robust financial standing and promising growth trajectory.
They’ve particularly highlighted the upcoming addition of new trustees to the ePension project.
Banking on a bright future
iFast Global Bank, the company’s UK digital banking venture, is gearing up to break even by Q4 2024. Analysts have dismissed Sakura’s comparisons to other digital banks, pointing out iFast’s broader customer focus.
Despite recent stock fluctuations, iFast’s latest financials boast improved profitability metrics, showcasing the company’s resilience in challenging market conditions.
