SGX Listed Stock

Y VENTURES GROUP LTD. (SGX:1F1)


SGD 0.050
-0.008 / -13.79%
Share Price as of: 2019-03-26 17:06
Market / ISIN Code: Catalist / SG1DH7000008
GICS® Sector / Industry Group / Industry: Consumer Discretionary / Retailing / Internet and Direct Marketing Retail


Y Ventures Blogger ArticlesY VENTURES GROUP LTD. Blogger Articles SGX Listed Y VENTURES GROUP LTD. (SGX:1F1) Blogger Articles 1F1.SI Blogger Articles
Governance For Stakeholders
Mak Yuen Teen
2019-03-06 05:48:01
No sign of governance
By Mak Yuen Teen There’s a phrase that when life gives you lemons, you make lemonade. I hope that this is not the philosophy of the Singapore Exchange (SGX), which has given investors quite a few lemon IPOs over the past few years, and especially in the past year. This has further soured investors’ sentiments, already severely dented by corporate scandals, spectacular collapses and controversial delistings. Copyright for cartoon belongs to Mak Yuen Teen There is the case of Y Ventures, the data analytics-driven e-commerce firm, which listed on Catalist in July 2017, that in January this year announced material errors in its unaudited results for the six months ended 30 June 2018. The largest error was related to inventories and it turned out that it was using Excel to reconcil
Aspire
Lim Si Jie
2019-02-15 10:13:55
5 Things That Will Define 2019 For Investors
The investment environment has become more challenging as the global economic cycle has entered the late stage cycle. With economic growth, global politics, and central bank stimulus all at turning points, markets are beginning to prepare ahead, UBS points out some of the things that investors should look out for in the current macroeconomic backdrop. Investors’ Takeaways: 5 Things That Will Define 2019 For Investors By UBS Slower Growth And Weaker Earnings After the global economy posted a 3.8 percent growth in 2018, UBS foresees global economic growth to slow down in 2019. UBS’ forecast for 2019’s economic growth is 3.6 percent with the forecast for China and US being cut. According to UBS, US growth will be constrained by ebbing fiscal stimulus and higher interest rates while Ch
Governance For Stakeholders
Mak Yuen Teen
2019-02-05 12:17:58
Y Like This?
By Mak Yuen Teen On 21 January 2019, Y Ventures Group, which listed on Catalist in July 2017, announced material errors in its unaudited results for the six months ended 30 June 2018. The cumulative effect of these errors resulted in the profit and loss position being overstated by about US$1,303,463.  The “profit” of US$143,330 announced back in August 2018 has now turned into a loss of US$1,160,133. The company disclosed that US$1,453,873 was erroneously recorded as inventories (or an overstatement of nearly 25%); US$20,453 was erroneously recorded as property, plant and equipment; US$172,238 was erroneously omitted as trade and other receivables; and US$196,869 was erroneously omitted as administrative expenses. The company said that its audit committee and board “have observed t
DollarsAndSense.sg
Ching Sue Mae
2019-02-03 10:16:41
4 Stocks This Week (In The News) [1 Feb 2019] – Ascendas REIT; Y Ventures; ComfortDelGro; No Signboard
Being in the news could often go both ways for a stock. In this week’s edition of 4 Stocks This Week, we look at 4 counters that have been widely talked about in recent weeks. Ascendas REIT (SGX: A17U) Grab announced their new $181.2 million headquarters in one-north business park. The Grab headquarters is estimated to be completed in 2020, consolidating their current offices and housing all of Grab’s Singapore employees. It will be the first dedicated physical facility for the company and also home to the company’s largest R&D centre. Ascendas Reit will be in charge of building and managing Grab’s headquarters. Grab has committed to a long lease commitment of 11 years, with a renewal option of five years for the building,providing Ascendas Reit with a stable income stream.
Governance For Stakeholders
Mak Yuen Teen
2019-02-02 12:59:37
Administrative oversight, inadvertent omissions, administrative inadvertences: what next?
By Mak Yuen Teen In 2015, SingPost failed to disclose the interest of a director when it announced an acquisition and blamed it on an “administrative oversight”. Other companies soon used the same term, and “administrative oversight” entered the lexicon of listed companies here when explaining away incorrect disclosures. When incorrect disclosures about past regulatory actions and a petition for winding up were made at the time of the appointment of Low Beng Tin as chairman of Datapulse Technology, the company issued a clarification and cited “inadvertent omissions”. Other companies in which Mr Low was also a director had also made similar incorrect disclosures and they too issued clarifications citing the same reason. It did not take long for other comp





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