SINGAPORE (July 6): Lim & Tan Securities warns investors should “sell” or “avoid” social media and e-commerce company YuuZoo Corporation despite its depressed stock price.
In a daily review report on Thursday, Lim & Tan says concerns raised by Mak Yuen Teen, an associate professor of accounting at the NUS Business School, suggests that “all is not well at YuuZoo Corp.”
Year to date, shares of YuuZoo have plunged 46% from a high of 15 cents on Jan 3. As at 3.32pm on Thursday, shares of YuuZoo are trading at 8.1 cents.
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