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trademaster Supreme	08-May-2019 23:34        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	So I guess correctly, results are indeed good and that is likely the reason why they halt till after results are out to prevent further unnecessary speculation to sell down the shares.  Recap: -Share buyback recenty around 160-180 range. -Price started to drop from 180 after report circulated. -Counter close at 162 before halt.  As per the hedge fund report, they already shorted the counter , which is likely above 190 before the share price dropped. So watch out for short-coverings.  Opening px may be 170-180 range (my guess only )   trademaster      ( Date: 07-May-2019 19:38) Posted: First time hear this that banks take shares as collateral. I only hear of property as collateral, never hear about shares, which is volatile and harder to quantify the value. Pls substantiate this with figures. Hope u didnt short the shares, or be prepared to grab to cover when trading resumes.  Given the short positions, expect fierce short covering to ride the wave up. One good reason why resume trading after results is, in my humble opinion, the results must be good and the management does not want any unnecesarily further dumping of shares to affect its share prices. Remember company has share buy back at the 160-180 range recently. dyodd. Sin_Cos_Tan      ( Date: 06-May-2019 18:13) Posted: Yes, Those shareholders pledge their shares to the bank for taking a loan will be worried. The worry is that a drop in stock prices would force the selling of shares used as collateral, and lead to further shares decline.
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Sin_Cos_Tan Veteran	08-May-2019 23:22        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Check with Midas, Noble or the 3 penny stocks (Ooop.... at one stage they also rose to few dollar!)   thev0209      ( Date: 08-May-2019 22:59) Posted: Anyone can explain what is the rational for any company to falsify  the accounts, declaring high revenues/profits. They end up paying more taxes to the government right?
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guards80 Supreme	08-May-2019 23:19        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Best World posts 79% jump in Q1 net profit on strong sales growth BEST World on Wednesday night posted a 79 per cent jump in net profit for the first quarter to S$10.3 million from S$5.8 million a year ago. The company attributed the performance to strong sales growth across most of the group' s markets. Earnings per share was 1.88 Singapore cents, compared with 1.05 cents in the first quarter of 2018, and revenue more than doubled to S$53.4 million from S$24.5 million in Q1 2018. Best World said that the outperformance was most pronounced in China due to strong underlying demand for its DR' s Secret skincare line and full adoption of its new franchise model. It added that revenue from China would have been better if not for delays to two re-registrations of new formulas of existing DR' s Secret products. Revenue from the sale of these two items will be recognised in Q2 2019 to Q3 2019, when the delivery of the products is completed. However, Best World' s net profit margin fell to 19.4 per cent from 23.5 per cent a year ago. This was attributed to a 98.4 per cent decrease in other operating income and distribution costs more than doubling upon its transition to the franchise model, among other reasons. No dividend was declared for the quarter under review. The group said it is cautiously optimistic about achieving growth in both revenue and profit in FY2019, noting that it will register contributions from both its direct-selling and franchise segments for all four quarters. In contrast, its revenue and profit for H1 2018 were entirely contributed by its direct-selling business. Its outlook for underlying demand for its products remains positive in China, Taiwan, Indonesia, Singapore and other markets. In Indonesia, the company expects the effects of the fasting month in May to be mitigated by " certain market measures" it has taken and its plan to launch BWL iPhone/Android apps in the upcoming quarter. Trading in Best World shares has been halted since Apr 24. http://www.businesstimes.com.sg/companies-markets/best-world-posts-79-jump-in-q1-net-profit-on-strong-sales-growth
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Sin_Cos_Tan Veteran	08-May-2019 23:02        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	But don' t forget that Part 2 of VV report akan datang.   like2learn      ( Date: 08-May-2019 22:37) Posted: i also think so, without the report, think tmr share price no eye see .... Sin_Cos_Tan      ( Date: 08-May-2019 21:53) Posted: Don' t let them divert your attention and focus only on 1st Qtr 2019 results.... How abt the report on full independent review of all matters raised by the short sellers Bonitas Research (BR)and Valiant Varriors(VV).... Extracted from The Edge... SGX RegCo expect the company to call for a full independent review of all matters raised in the report so that shareholders will have a complete picture and can make informed decisions.  http://www.theedgesingapore.com/sgx-regco-queries-best-world-expects-full-independent-review
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thev0209 Member	08-May-2019 22:59        thev0209 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyone can explain what is the rational for any company to falsify  the accounts, declaring high revenues/profits. They end up paying more taxes to the government right?
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speed88 Member	08-May-2019 22:58        speed88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Revenue up 117 pct to $53 million and net profit up by 79 pct to $10 mil.  year on year.  Net cash $167 million. No gearing Cash in which banks?
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Berani Elite	08-May-2019 22:49        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	miss the party tomorrow. OCBC restrict this counter
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ahhuat08 Elite	08-May-2019 22:46        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	results is not the main issue the main one is the rebuttal  runaway      ( Date: 08-May-2019 22:18) Posted: 3+5+3 to produce a 2-page summary ?
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JarBinx Member	08-May-2019 22:46        JarBinx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Taiwan, Singapore, and Indonesia outperformed and are expected to do better.  China: " The Group&rsquo s revenue grew 117.4% y-o-y to S$53.4 million, driven by sales growth in most of the Group&rsquo s markets. Particularly, China&rsquo s outperformance was the most pronounced, due to strong underlying demand for the Group&rsquo s skincare line of DR&rsquo s Secret as well as full adoption of the new Franchise model. Notwithstanding this, revenue from China could have been better if not for delays experienced for two SKUs of DR&rsquo s Secret 2 re-registration of new formula of existing products. Accordingly, revenue from the sale of these two SKUs will thus be recognised only in 2Q2019 to early 3Q2019 when the delivery of the products is complete. That said, the Group does not expect additional licenses to be re-registered for the remaining periods of FY2019."
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1035834 Senior	08-May-2019 22:44        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yet see announcement said lift the halt , so still yet finish release announcement, be patient  like2learn      ( Date: 08-May-2019 22:37) Posted: i also think so, without the report, think tmr share price no eye see .... Sin_Cos_Tan      ( Date: 08-May-2019 21:53) Posted: Don' t let them divert your attention and focus only on 1st Qtr 2019 results.... How abt the report on full independent review of all matters raised by the short sellers Bonitas Research (BR)and Valiant Varriors(VV).... Extracted from The Edge... SGX RegCo expect the company to call for a full independent review of all matters raised in the report so that shareholders will have a complete picture and can make informed decisions.  http://www.theedgesingapore.com/sgx-regco-queries-best-world-expects-full-independent-review
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like2learn Veteran	08-May-2019 22:37        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	i also think so, without the report, think tmr share price no eye see .... Sin_Cos_Tan      ( Date: 08-May-2019 21:53) Posted: Don' t let them divert your attention and focus only on 1st Qtr 2019 results.... How abt the report on full independent review of all matters raised by the short sellers Bonitas Research (BR)and Valiant Varriors(VV).... Extracted from The Edge... SGX RegCo expect the company to call for a full independent review of all matters raised in the report so that shareholders will have a complete picture and can make informed decisions.  http://www.theedgesingapore.com/sgx-regco-queries-best-world-expects-full-independent-review
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greenhappy Member	08-May-2019 22:35        greenhappy About Contact  Quote this Post!
x 0   x 0  Alert Admin	No Dividend ??
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HendriJB Supreme	08-May-2019 22:29        HendriJB About Contact  Quote this Post!   Yells: "Breathe, Step Back - Think "
x 0   x 0  Alert Admin	BreakNews!! 📢 Best World International (SGX:CGN) reported 1Q19 revenue of $53mil (+117% y-o-y) and 1Q19 net profit of $10.3mil (+81% y-o-y). #BestWorld https://sginvestors.io/sgx/stock/cgn-best-world/company-announcement https://sginvestors.io/sgx/stock/cgn-best-world/company-announcement
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1035834 Senior	08-May-2019 22:29        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shortist will be nervous, the results can be better if not shortage of products , imply Q2 19 result will be much better than Q1 . Cash reduced as repayment to creditor and acquire an associate .
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like2learn Veteran	08-May-2019 22:26        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	congrat too early ... dunno tomorrow morning trading resume will " die" or not .... *vested* Berani      ( Date: 08-May-2019 22:16) Posted: result... profit doubled. congra all ppl vested
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1035834 Senior	08-May-2019 22:22        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Story yet finished , I think later will post more announcement out
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Superkilat Elite	08-May-2019 22:18        Superkilat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cash reduced. Kuller switch
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runaway Senior	08-May-2019 22:18        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	3+5+3 to produce a 2-page summary ?
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Berani Elite	08-May-2019 22:16        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	result... profit doubled. congra all ppl vested
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guards80 Supreme	08-May-2019 22:14        guards80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	result out liaoz
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