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Y Ventures started at 'buy' on strength of e-commerce growth

Stanislaus Jude Chan
Stanislaus Jude Chan1/29/2018 11:55 AM GMT+08  • 3 min read
Y Ventures started at 'buy' on strength of e-commerce growth
SINGAPORE (Jan 29): Phillip Capital is initiating coverage on data analytics-driven e-commerce firm Y Ventures Group with a “buy” recommendation and a target price of 70 cents.
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SINGAPORE (Jan 29): Phillip Capital is initiating coverage on data analytics-driven e-commerce firm Y Ventures Group with a “buy” recommendation and a target price of 70 cents.

The target price is based on an estimated price-to-earnings multiple of 30 times for FY18.

“It is particularly challenging to find the right valuation model for Y Ventures due to its unique business model within the region,” says Phillip’s research team in a report on Monday.

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