Y Ventures Group Ltd – Ceasing Coverage April 16, 2019 623
We are ceasing coverage on Y Ventures Group. The previous recommendation can no longer be relied upon.
The share price has met our target price of S$0.16.
The auditor of the company has issued a qualified opinion on the accuracy, existence and valuation of its inventories. The amount concerned is US$168,118.
The auditor highlighted material uncertainty of the company to continue as a going concern.
About the author
Paul Chew Head of Research Phillip Securities Research Pte Ltd
Paul has 20 years of experience as a fund manager and sell-side analyst. During his time as fund manager, he has managed multiple funds and mandates including capital guaranteed, dividend income, renewable energy, single country and regionally focused funds.
He graduated from Monash University and had completed both his Chartered Financial Analyst and Australian CPA programme.