Here's how iFAST Corporation could deal with losses

Losses widened to $3.04m in its China business.

Investment products distribution firm iFAST Corporation (iFAST) braces itself for scaling up as it struggles to get out of the losses from its China business.

According to Maybank Kim Eng, losses from its China operations widened to $3.04m for the nine months of the year.

To recover from losses, iFAST is now looking to boost its investments in China in order to scale up its operations.

iFAST acquired a minority stake in Beijing Financial Alliance Technology (BFAT), which can help to bring in potential B2B partners and improve sales.

iFAST currently has operations in Singapore, Hong Kong, Malaysia, and China.

Moreover, net revenue could be affected if the trailer free structures in the countries that iFAST operates in become regulated. Currently, 60% of net revenue comes from trailer fees.

"If this happens, iFAST hopes that platform fees can sustain recurring net revenue, with platform fees currently at between 0.2%-0.4% of assets under administration (AUA) per annum," said Maybank Kim Eng analyst Ng Li Hiang.

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