Brokers' take

Y Ventures | Buy Target price: S$0.77 Aug 2 close: S$0.50 DBS Group Research, Aug 2

Proprietary data analytics capabilities cement its position as a value-adding partner to traditional businesses. Y Ventures Group distributes products from third-party brands over some of the largest e-commerce platforms across 10 countries. Unlike traditional distributors and e-commerce platforms, it stands out for its provision of value-added data analytics service to brand partners, allowing it to adapt its products to the market's needs. In return, the brands offer significant price discounts to Y Ventures.

Its cryptocurrency and Aora coin plans are a wildcard but hold potential. Through its proposed initial coin offering (ICO) and launch of its cross-border purchase platform Aora, Y Ventures could be the first e-commerce platform to service the cryptocurrency community, which offers significant long-term potential (if successful). Due to limited visibility for now, we have yet to factor this into our projections.