| Latest Forum Topics / Best World |
 Post Reply
|
|
THE BEST IS YET TO BE
|
|||||
|
bwavep
Senior |
24-Apr-2019 12:18
|
||||
|
x 0
x 0 Alert Admin |
that' s what i posted earlier.... bonitas, ex-glaucus previous work your should take a look also. whether the stock eventually went down or up, the work by any decent shortist is usually far more rigourous than most sell side analysts.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Atom99
Master |
24-Apr-2019 12:17
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
||||
|
x 0
x 0 Alert Admin |
DYODD AND DYORBEST WORLD (BB:BEST __ SGX:CGN)Download ReportsApril 23, 2019 - 博 力 达 思 研 究 _沽 空 _全 美 世 界 （ 新 加 坡 ： CGN） April 23, 2019 - Short Best World (BB: BEST _ SGX:CGN)We believe that Best World is a fraud and that its Chinese sales are a fraction of what was reported to shareholders. On March 19, 2019, Best World International Ltd. (BB: BEST __ SGX: CGN) (&ldquo Best World&rdquo or the &ldquo Company&rdquo ) disclosed to its shareholders that it hired PricewaterhouseCoopers (&ldquo PwC&rdquo ) to conduct a limited, one-year independent review of its 2018 China operations. We think Best World management purposely focused PwC&rsquo s investigation solely on 2018 in an attempt to both divert attention from, and ultimately further conceal, previously reported fake sales and profits from its China operations. PRC Filings suggest that Best World fabricated at least S$ 31 million of its reported 2017 sales to its &ldquo one major customer&rdquo (&ldquo Changsha Best&rdquo ), an entity Best World management secretly controlled and exclusively created to be Best World&rsquo s off-books China counterparty. Excluding fabricated sales to Changsha Best, we calculate that Best World overstated its 2017 net profits by at least 130%. Since January 2019 we have communicated with 24 separate Best World China member representatives (&ldquo Member Rep(s)&rdquo ) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World&rsquo s listed franchisee locations) to better understand Best World&rsquo s sales model. Our findings suggest there exists very little end user consumer demand for DR&rsquo s Secret skin care products in China. In addition, evidence suggests that since the February 18, 2019 Singapore Business Times article (the &ldquo BT Article&rdquo ), online vendors on both JD.com and Taobao.com appear to have artificially inflated their online review counts and transaction history to give a false appearance of online sales activity. We found that 8 of the 12 BWL Lifestyle Centers we visited did not sell individual products to non-members. Our investigators commented that employees at BWL Lifestyle Centers disclosed and acted as though they were not accustomed to interacting with walk-in customers. We laugh at this, but we were told by on-site employees at one BWL Lifestyle Center that we were their very first walk-in customer despite their lifestyle center being open since October 2017! As reward for their fraudulent scheme, Best World&rsquo s founders (the &ldquo Dora&rsquo s&rdquo ) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018! In the three years since implementing the scheme, the Dora&rsquo s collectively took home S$ 85 million in cash, while Best World exited 2018 with its trade and payables balance at an all-time high of S$ 95 million and its receivables touching all-time lows at S$ 5.2 million. We are short Best World stock and believe its stock price will go lower. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
dyingcat
Veteran |
24-Apr-2019 12:17
|
||||
|
x 0
x 0 Alert Admin |
Sgx lending pool has no more shares for loan. Is Bonitas a naked shortseller? Hope BWL won't lift halt today.
|
||||
| Useful To Me Not Useful To Me | |||||
|
bwavep
Senior |
24-Apr-2019 12:17
|
||||
|
x 0
x 0 Alert Admin |
does anyone else wonder why the market investors should be so kind to the company management? this was the same for noble when allegations first came out and for the longest time the fingers were pointed at iceberg and mud slung, even as the truth in all they revealed came to pass. the source of the issue is potentially the management itself. why are most other listed companies untouched by such accusations? ' xxx and all the related entities' should look within if the higher interests of investors and the capital markets are to be preserved....
|
||||
| Useful To Me Not Useful To Me | |||||
|
zillion
Master |
24-Apr-2019 12:15
|
||||
|
x 0
x 0 Alert Admin |
wow 27 pages of thorough research work! Most short sides do serious investigation saving sgx, sias, etc the trouble.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
beng1102
Elite |
24-Apr-2019 12:14
|
||||
|
x 0
x 0 Alert Admin |
Fake report! If this is true they would have release the report when the price was $3.33 when they would have profited hugely. Release the report now simply show how desperate they are!
|
||||
| Useful To Me Not Useful To Me | |||||
|
bwavep
Senior |
24-Apr-2019 12:10
|
||||
|
x 0
x 0 Alert Admin |
nicely commented. its certainly an opportunity for either side to flex their views in the market.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Atom99
Master |
24-Apr-2019 12:02
Yells: "Once you hv eliminated the impossible,whatever remains TRUTH" |
||||
|
x 0
x 0 Alert Admin |
https://www.bonitasresearch.com/company/best_world/ | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
hotelgrand
Master |
24-Apr-2019 12:01
|
||||
|
x 0
x 0 Alert Admin |
April 23, 2019 - 博 力 达 思 研 究 _沽 空 _全 美 世 界 （ 新 加 坡 ： CGN） | ||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
24-Apr-2019 11:59
|
||||
|
x 0
x 0 Alert Admin |
Didn' t a China stock here also claimed to have tons of $$$ in China banks until recently exposed the accounts are all empty? Not sure was it Midas or another popular stock here in SJF.....   |
||||
| Useful To Me Not Useful To Me | |||||
|
beng1102
Elite |
24-Apr-2019 11:58
|
||||
|
x 0
x 0 Alert Admin |
Cash in bank is real and dividend is raised. That cannot be false otherwise these directors are liable to financial criminal charges which I don' t think they would take the risk as they are already very rich.
|
||||
| Useful To Me Not Useful To Me | |||||
|
Justice888
Supreme |
24-Apr-2019 11:54
|
||||
|
x 0
x 0 Alert Admin |
But I don?t understand. If it is a fraud. Does that means the cash in bank also fraud ? I don?t believe
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
bayduck
Member |
24-Apr-2019 11:51
|
||||
|
x 0
x 0 Alert Admin |
Bonitas is a pretty legitimate short seller. While they are not right 100% of the time (nobody is), their shorts, on average, have done well. Of course, you can bet against them for BW, and in that case, you should be thankful that they are creating an opportunity for you to buy more shares at a lower price. |
||||
| Useful To Me Not Useful To Me | |||||
|
Starship
Supreme |
24-Apr-2019 11:51
|
||||
|
x 0
x 0 Alert Admin |
|
||||
| Useful To Me Not Useful To Me | |||||
|
kimbwu
Member |
24-Apr-2019 11:49
|
||||
|
x 0
x 0 Alert Admin |
SGX and all the related entities have to be seriously look into the defence, charges and penalty against the reseach insituitions or indivdual wilful comments without grounds to their benefits. This is a vicious cycle to wipe out funds. This will only encourage more syndicates to SGX platforms. It can be an act of terrorist. Don' t think is funny. People are getting smarter, financial terrorist will bring them funds, why not. | ||||
| Useful To Me Not Useful To Me | |||||
|
beng1102
Elite |
24-Apr-2019 11:45
|
||||
|
x 0
x 0 Alert Admin |
wow! u so powderful! Can u write the Temasek to takeover at $5.
|
||||
| Useful To Me Not Useful To Me | |||||
|
SgYuan
Supreme |
24-Apr-2019 11:43
|
||||
|
x 0
x 0 Alert Admin |
The whole scenario change.
It break the ew w0 163 wave a 333 to 201 delta 132 wave b 201 to 279 wave c 279 to ?163 - if dn 100% of wa 147 Bottom scoop is alway dangerous - must set cut lost line - best is wait w2 formation wave c ext ew w0 279 w1 220 w2 267 w3 163 w4 197 w5? w1 59 w3 104 dn 176% of w1 w4 34 up 32% of w3 w5 59 tgt 138 dn 100% of w1 - px hit low 158 So range wave c tgt 147 to 138
|
||||
| Useful To Me Not Useful To Me | |||||
|
beng1102
Elite |
24-Apr-2019 11:42
|
||||
|
x 0
x 0 Alert Admin |
As predicted. It is now halted and could follow by a longer suspension. Good luck to all shorties! lol.
|
||||
| Useful To Me Not Useful To Me | |||||
|
1035834
Senior |
24-Apr-2019 11:42
|
||||
|
x 0
x 0 Alert Admin |
Ask temasek to buy over, just like what they did for OLAM. It is not many good company listed inSGX, those good one either go HONG KONG or privatised by major shareholders .
|
||||
| Useful To Me Not Useful To Me | |||||
|
bwavep
Senior |
24-Apr-2019 11:40
|
||||
|
x 0
x 0 Alert Admin |
no problem, NL. must be blind, fren....where do i click to attach files? 
|
||||
| Useful To Me Not Useful To Me | |||||