YuuZoo critics need first to understand its business model
DON'T criticise what you can't understand, Bob Dylan famously sang in his 1964 anthem of change The Times They Are A-Changin'. The Singapore market, it appears, is doing that to YuuZoo, a company whose business model is understood by few.
Some critics, for example, are giving YuuZoo a wide berth as they perceive its business model as being too complex, one that will perhaps be better received in a bourse elsewhere, such as in Australia.
"The market doesn't quite understand the business," YuuZoo co-founder and chairman Thomas Zilliacus has time and again lamented. YuuZoo shares are also "terribly undervalued", the 61-year-old Finnish, who proclaims himself to be the world's oldest Internet millionaire, said. He was formerly Nokia's regional director for the Asia-Pacific and a professional football player in Finland and Brazil.
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully