SEC Suspends Trading of Premium Catering Amid Manipulation Concerns
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The SEC has suspended trading of Premium Catering (Holdings) Ltd. from October 17 to October 30, 2025, due to potential manipulation linked to social media. The company's operations remain unaffected, and it is cooperating with the SEC and Nasdaq. Analysts rate the stock as Hold with a $7.50 target, while Spark's AI Analyst considers it Neutral, citing severe financial distress and long-term valuation concerns. Premium Catering, based in the Cayman Islands, focuses on premium catering services and has a market cap of $19.48M.
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