Y Ventures Group (YVEN)

DBS suspends coverage of Y Ventures after restatement of 1H18 results on admin errors; Group now expects FY18 loss
SINGAPORE (Jan 28): DBS Group Research is suspending coverage of Y Ventures Group until a sustainable improvement in revenue and earnings can be delivered. In a filing on Jan 21, Y Ventures reported it had made certain inadvertent administrative errors in the 1H18 results that was published in August 2018. The administrative lapses were mainly related to overstatement of “Inventories”, ...
Y Ventures' stake reduction in Aora ICO seen as positive by analysts
SINGAPORE (Oct 30): DBS Group Holdings and UOB KayHian see Y Ventures Group’s reduced 20% stake in a JV company for the development of the Aora platform and the ICO (Initial Coin Offering) of Aora Coins as a positive move, given the uncertainties linked to the ICO process. To recap, Y Ventures will receive $400,000 in cash from its JV partner for the smaller stake. The JV will also repay all ...
Y Ventures started at 'add' as proxy to Big Data, e-commerce
SINGAPORE (May 28): CGS-CIMB Securities is initiating coverage on Y Ventures Group (YVEN) with an “add” recommendation and a target price of 62 cents, representing an upside of close to 25% from its current trading price. “YVEN is a proxy to rising e-commerce and big data trend with a turnaround story,” says analyst Colin Tan in a report on Friday. The Singapore-based data ...
How should Singapore adapt the Goods and Services Tax for the e-commerce era?
SINGAPORE (Mar 12): On March 5, Catalist-listed e-commerce player Y Ventures Group announced that it was developing a new platform focused on cross-border purchases. Called AORA, the platform will function as a global buying concierge for Asian consumers. Y Ventures also signed a memorandum of understanding with logistics provider Singapore Post to explore “developing a world-class e-commerce ...
UOB Kay Hian starts Y Ventures at ‘buy’ with explosive growth expected
SINGAPORE (Aug 22): UOB Kay Hian is initiating coverage on e-commerce company Y Ventures Group (YVEN) with a “buy” call and a target price of 28 cents. “Investors can look forward to explosive growth while being rewarded through dividends,” UOB’s Singapore research team says in a retail report on Tuesday. YVEN uses its proprietary data analytic systems to capitalise on price and ...