| Latest Forum Topics / Best World |
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THE BEST IS YET TO BE
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pnuklis
Master |
15-Aug-2017 12:03
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Blood bath today for Best world | ||||
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ahhuat08
Elite |
15-Aug-2017 11:56
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Circuit breaker spoils again, | ||||
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Laoliu
Veteran |
15-Aug-2017 11:55
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Wah!! drop until 阿 妈 都 不 认 得 。 。 | ||||
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bishan22
Supreme |
15-Aug-2017 11:48
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Looks like the news really frighten most of the investors.... last player will be very lonely..... | ||||
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Laoliu
Veteran |
15-Aug-2017 11:45
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OMG! Being pushed down so hardly, looking really BAD! | ||||
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lifeisgood
Supreme |
15-Aug-2017 11:16
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I agree. Thanks for the info. 
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brchkho1
Master |
15-Aug-2017 11:01
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MLM or DIrect Sale Schemes are alike, all are promoting recruitment of downlines to enjoy residual income. All those at the Top are pushing it hard, likewise all the downlines, hence, some will adopt  pushy tactics resulted in compliants to authorities especially  in China when lots of people hope to get rich quick. I am not surprise of the authority ' s actions.  In  very quarterly result annoucement, just pay attention of the growth of membership and sale growth as well as sale per member, you  can observe the members are just buying the basic  product (minimum joining product) and no more.The days of growth like the earlier MLM or DIrect Sale is no longer there.   
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lifeisgood
Supreme |
15-Aug-2017 10:40
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MLM has always had a shady nature, dubious reputations. Looks like it has not changed yet.  | ||||
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zillion
Master |
15-Aug-2017 10:39
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many mlm biz restructure to direct selling marketing that has that inherent mlm style of recruitment and selling. | ||||
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stockpicker
Master |
15-Aug-2017 10:19
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Few people died as a result of some illegal MLM activities in China.  These activities have been going on for many many years in China,  Recently,  one student recruit died  in a village near TianJin, Jing Hai.    The Authorities were being blamed for not suppressing these activities.  Though these activities,  on the surface have no link to the MLM or direct selling companies like NuSkin,  Amway,  Herbalife,  Best World etc,  it is believe that these illegal MLM gangs would have used the name of these companies to sell their products. When Best World was awarded the license in 2016,  it has a local partner responsible for selling its products in China.   Whether this is a good strategy is yet to be seen..as local partner can turn bad and be out of control.  There are many Chinese web queries enquiring whether Best World is a legal business.. it appears like Best World are doing the direct selling also to these people.. |
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moneyspinner
Veteran |
15-Aug-2017 09:44
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四 部 门 开 展 专 项 整 治 坚 决 查 处 一 批 传 销 组 织 传 销 骨 干
2017-08-15  来 源 :   人 民 日 报
四 部 门 开 展 专 项 整 治 坚 决 铲 除 以 &ldquo 招 聘 &rdquo 为 名 的 传 销 组 织
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moneyspinner
Veteran |
15-Aug-2017 09:36
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AUGUST 15, 2017 / 7:03 AM / 3 HOURS AGO
Herbalife, Nu Skin shares fall on worries about China market  3 MIN READ
 
NEW YORK (Reuters) - Shares in multi-level marketing companies Herbalife Ltd, NU Skin Enterprises Inc and USANA Health Sciences Inc tumbled in high volume on Monday after a Chinese government website announced a crackdown on pyramid schemes.  The State Administration for Industry & Commerce of the People' s Republic of China website posted a statement in Chinese. A translation in Google showed that the statement said the government was launching a three-month campaign against recruitment by pyramid sellers. The report did not name any of the three companies. (bit.ly/2w7YQKK  )  ADVERTISEMENT  
Herbalife (HLF.N) dropped more than 5 percent to end at a three-month low of $62.42, Nu Skin (NUS.N) fell over 7 percent to $56.01, the lowest close since May 31. Direct-seller USANA Health Sciences (USNA.N) tumbled 7.5 percent to $54.40, its lowest close since mid April.  The three fell in much larger than usual trading volume.  Even after Monday' s drop, Herbalife stock remained up nearly 30 percent in 2017 and Nu Skin had gained 17.2 percent. USANA in 2017 has lost 11.1 percent.   
China accounted for about 11 percent of Herbalife' s revenue in the second quarter.  The report comes as big-name fund managers disclosed their holdings as of the end of last quarter, with Herbalife stock sometimes caught in the middle of large bets.  Capital Group Cos Inc filings on Monday showed its Herbalife stock holdings fell by 80 percent to 275,000 shares during the June 30 quarter. The company manages American Funds. Soros Fund Management dissolved a 5,100-share stake in Herbalife, filings showed.  Investor William Ackman is famously short Herbalife, saying it will crumble under regulatory scrutiny for what he has called a pyramid scheme. Herbalife has vehemently denied that claim.  Operators of pyramid schemes typically try to make money by recruiting new members, who pay fees, rather than relying on the sale of goods. |
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pnuklis
Master |
15-Aug-2017 09:28
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why are shortists attacking this counter? Any news? | ||||
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BullRun
Elite |
14-Aug-2017 13:45
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The Best is Yet to Be! | ||||
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Roxy1968
Senior |
11-Aug-2017 15:16
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Thanks...
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Laoliu
Veteran |
11-Aug-2017 15:13
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Global issue, look at the majority of SGX counters here, almost all having the same fate, beetween, any low for this counter is an opportunity to pick up.
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Roxy1968
Senior |
11-Aug-2017 15:09
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Results so Good.....Can anyone enlight why share price going down despite good result ?
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stockpicker
Master |
10-Aug-2017 09:56
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Among those good figure shown,  the latest quarterly result showed some cracks in the result.  First,  the lower cash flow from operating activities,  showing operation activities have slowed down   second,  the higher account receivable,  showing more people are not prompt in their payment.  I borrowed this jpg from other forum. Nu Skin and Amway have reported that they are losing money in China operation although they have been in China for number of years.  They are still bleeding today for some reasons. BWL will face the same dilemma if they are following the same strategies i.e direct selling at single tier without the usual  MLM structure.Understand that BWL has sub most of  its Direct Selling Businesses to a Chinese Partner in China.  For this reason, it has only 2 trainers so far registered with Commercial Department. ( http://www.zhixiaowang.com/htm/2017/03/73987.html ).   It is definitely not enough for its whole operation in China.  
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andysim83
Elite |
08-Aug-2017 11:10
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national day rally ma lol...but not up..got holiday is like that 1...BBs go holiday mean short the market...
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Carinez1
Member |
08-Aug-2017 11:06
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08/08/2017, 1 hour ago Maybank KE Retail Research Best World 2Q17 net profit surged 62.4% to $12m, exceeding street expectations as higher-than-anticipated sales in China overtook Taiwan. Revenue grew 7.2% to $55.3m, underpinned by strong export sales to China (+124.8%) on greater adoption of its DR' s Secret skincare products. However, direct sales in Taiwan (-34.1%) slowed from high base arising from promotions done in FY16 and market measures implemented in the earlier part of 2017. Gross margin compressed 4ppt to 70.8% due to the shift in sales mix, but net margin widened 7.3ppt to 21.6%, as the expanded export segment does not incur distribution costs. Notably, trade receivables spiked to $13.4m (2Q16: $1.2m), owing to the jump in export sales to the group' s overseas agent. This translated to a drop in operating cash flow to $1.3m (1Q17: $2.6m). Consequently, net cash pile contracted 15.1% q/q to $42.7m, still within a healthy range. Maybank KE notes that China has outperformed expectations for the second consecutive quarter due to strong demand. Under the export model, revenue from China is booked at discounted wholesale prices, as opposed to direct selling prices, thereby masking the actual sales volume in China. The house estimates that the China market could be around 3x larger than the Taiwan market for 2Q17, which means underlying revenue growth of 7% for 2Q17 may be stronger than stated. Going forward, Best World anticipates growth momentum in China to sustain as the group expands into more Chinese cities, but the slowdown in Taiwan would persist as its penetration in the south reaches maturity. On the improved set of results, Best World hiked its interim DPS by 50% to 1.5¢ . The group also revised its dividend policy to > 40% from > 30%. This would translate to 2.1%/2.5% yield based on Maybank KE' s earnings estimates for FY17/FY18. MKE maintains its Buy and upped TP by 7% to $1.88, pegged to an unchanged 19x FY18e earnings.  Best World continues to be a key constituent of Market Insight Growth basket. |
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Nu Skin and Amway have reported that they are losing money in China operation although they have been in China for number of years.  They are still bleeding today for some reasons. BWL will face the same dilemma if they are following the same strategies i.e direct selling at single tier without the usual  MLM structure.