Don’t Miss This Dividend-Paying Growth Stock with Massive Potential

Growth investors seek capital growth. Income investors, on the other hand, prefer to receive dividends.

The platform allows clients to buy and sell a variety of financial products and securities such as unit trusts, equities and bonds. Strong balance sheet, quarterly dividendsThe group has traditionally maintained a strong balance sheet with minimal debt.However, the first batch of licences was offered mainly to mainland China players, with other applicants taking a back seat.As of 31 March 2020, the group had cash and other investments of S$44.4 million, while bank loans stood at just S$3.8 million.In fact, the group has paid dividends quarterly since it got listed in December 2014.

Story continuesAt end-December last year, iFast had put in a bid for a DWB along with its two Chinese partners Yillion Group and Hande Group. Get Smart: Lots of latent potentialThe wealth management industry in Asia continues to grow as countries modernise and people become wealthier. Granted, there are many competitors in the fintech space as everyone wants a piece of this lucrative pie.

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