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Latest Forum Topics / Best World  Post Reply
THE BEST IS YET TO BE
pool100
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20-Aug-2019 09:17     
 
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 Alert Admin 		Don' t be fooled by the dividends. I suspect it' s a way for Dora and her gang to extract funds from the company while they still can. If the company runs into problems due to investigations, all the cash will be locked up and will be hard for her to take the money out then.
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like2learn
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17-Aug-2019 18:41     
 
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 Alert Admin 		" good, better, bester" ... HK stock mkt is very attactive(some at multi year lows) and may get even " cheaper" .

bwavep      ( Date: 15-Aug-2019 14:24) Posted:

given the market selldown, surely can find other good, better, bester  ideas over ' best' world?

is it not curious that a fully legit company can be suspended for so long though?  in all my decades in global markets, its a rare occurence for a cleaner variety of listco to be placed on extended halt.

however, here' s wishing all those vested (long or short) all the best!  as long as can make money trading it, its a good (best) stock!    angel

 

pool100      ( Date: 14-Aug-2019 15:29) Posted:

All the MLM companies like Nuskin all reported declining demand and results from China due to the clamp down. I would rather trust these legit companies. they provide the real situation on the ground.

Best world - I won' t touch with a barge pole even if the results are fantastic. It could be a trap to trap more retailers before it sinks.
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phongy45
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17-Aug-2019 00:57     
 
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 Alert Admin 		hahaha ... BW is making good money $$$$$$$$$$$$$$

bwavep      ( Date: 15-Aug-2019 14:24) Posted:

given the market selldown, surely can find other good, better, bester  ideas over ' best' world?

is it not curious that a fully legit company can be suspended for so long though?  in all my decades in global markets, its a rare occurence for a cleaner variety of listco to be placed on extended halt.

however, here' s wishing all those vested (long or short) all the best!  as long as can make money trading it, its a good (best) stock!    angel

 

pool100      ( Date: 14-Aug-2019 15:29) Posted:

All the MLM companies like Nuskin all reported declining demand and results from China due to the clamp down. I would rather trust these legit companies. they provide the real situation on the ground.

Best world - I won' t touch with a barge pole even if the results are fantastic. It could be a trap to trap more retailers before it sinks.
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phongy45
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17-Aug-2019 00:55     
 
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 Alert Admin 		that is good news .... good business .... BW ...making real good money .......
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laksaman57
Supreme
15-Aug-2019 14:41     
 
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 Alert Admin 		Lessons to be learnt from MIDAS

mcampl      ( Date: 15-Aug-2019 13:01) Posted:

Imo, some reporting figures are hard to fake - cash holding balance requires the company' s banks to issue a bank statement to affirm the amounts. Another figure is the taxes paid - Best World paid significantly higher taxes on the higher revenues compared to previous year. Overall, I believe the results are not " cooked" , especially when BWL is under the microscope of SGX.

PS: vested. :)

Richardlai      ( Date: 15-Aug-2019 11:23) Posted:

If the cash hoard they have of $190 mil is real, then they are doing pretty good.

But for those without the shares caution is advisable.
For those who are short, suggest try to cover back some.
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bwavep
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15-Aug-2019 14:24     
 
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 Alert Admin 		given the market selldown, surely can find other good, better, bester  ideas over ' best' world?

is it not curious that a fully legit company can be suspended for so long though?  in all my decades in global markets, its a rare occurence for a cleaner variety of listco to be placed on extended halt.

however, here' s wishing all those vested (long or short) all the best!  as long as can make money trading it, its a good (best) stock!    angel

 

pool100      ( Date: 14-Aug-2019 15:29) Posted:

All the MLM companies like Nuskin all reported declining demand and results from China due to the clamp down. I would rather trust these legit companies. they provide the real situation on the ground.

Best world - I won' t touch with a barge pole even if the results are fantastic. It could be a trap to trap more retailers before it sinks.
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mcampl
Member
15-Aug-2019 13:01     
 
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Yells: "no discipline = gambling; discipline = investing"
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 Alert Admin 		Imo, some reporting figures are hard to fake - cash holding balance requires the company' s banks to issue a bank statement to affirm the amounts. Another figure is the taxes paid - Best World paid significantly higher taxes on the higher revenues compared to previous year. Overall, I believe the results are not " cooked" , especially when BWL is under the microscope of SGX.

PS: vested. :)

Richardlai      ( Date: 15-Aug-2019 11:23) Posted:

If the cash hoard they have of $190 mil is real, then they are doing pretty good.

But for those without the shares caution is advisable.
For those who are short, suggest try to cover back some.
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Richardlai
Master
15-Aug-2019 11:23     
 
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 Alert Admin 		If the cash hoard they have of $190 mil is real, then they are doing pretty good.

But for those without the shares caution is advisable.
For those who are short, suggest try to cover back some.
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pool100
Veteran
14-Aug-2019 15:29     
 
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 Alert Admin 		All the MLM companies like Nuskin all reported declining demand and results from China due to the clamp down. I would rather trust these legit companies. they provide the real situation on the ground.

Best world - I won' t touch with a barge pole even if the results are fantastic. It could be a trap to trap more retailers before it sinks.
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Shifu8888
Supreme
14-Aug-2019 14:38     
 
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 Alert Admin 		Yeap. Negative shopping experience=no stock / Long waiting time. High demand.

1035834      ( Date: 14-Aug-2019 14:32) Posted:


For the management comment, it seen the products especially Dr Secret is extremely popular .it is likely results in 2h 2019 will be much better than 1h 2019
Although management has fulfilled in 2Q2019, more than half of shortages arising from 4Q2018 and 1Q2019, the remaining shortages to be fulfilled in 2H2019 may result in some negative shopping experience for certain customers


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1035834
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14-Aug-2019 14:32     
 
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 Alert Admin


For the management comment, it seen the products especially Dr Secret is extremely popular .it is likely results in 2h 2019 will be much better than 1h 2019
Although management has fulfilled in 2Q2019, more than half of shortages arising from 4Q2018 and 1Q2019, the remaining shortages to be fulfilled in 2H2019 may result in some negative shopping experience for certain customers

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1035834
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14-Aug-2019 11:09     
 
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 Alert Admin 		their products aim for higher income range group of ppls, just like LV and hermes as their products are quite expensive , you make take a look in their showroom. the quantity vs quality of consumers,  i am more prefer the latter.
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brchkho1
Master
14-Aug-2019 11:03     
 
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 Alert Admin 		Based on the Direct Selling biz, 101,580 members sold in 6 months $58.72m, works out to be $578 per member. If 80% of Direct Selling biz was done by 20% of the members, that was $2,312. If you are a member, can you survive?

1035834      ( Date: 14-Aug-2019 10:28) Posted:

i will buy , if the investigated results given clean report . very few companies in SGX can have this type of earnings and dividend . 

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1035834
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14-Aug-2019 10:28     
 
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 Alert Admin 		i will buy , if the investigated results given clean report . very few companies in SGX can have this type of earnings and dividend . 
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pool100
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14-Aug-2019 10:26     
 
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 Alert Admin 		FYI, all the S-chips that are now dead and buried all reported stellar results and good numbers. what happened next?

I kena myself many times and I' ve learnt not to be taken in easily.

For all you know, it could be the last pump and dump for the insiders to sell and exit.
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pool100
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14-Aug-2019 10:23     
 
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 Alert Admin 		my opinion - if they want to fake, might as well fake all the way.

Question is - who dares to buy when suspension is lifted given all the surrounding controversies?
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1035834
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14-Aug-2019 09:54     
 
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 Alert Admin 		At this point of time, don t think management dare to fabricate fake figures, normally the forth quarter results will be the peak, the earnings per share for this year likely hit 15-20 cts . if everything clear, this share likely back at least SGD 2.5-3. you see their cash flow quite strong , the business like printing money. 
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runaway
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14-Aug-2019 07:35     
 
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 Alert Admin
What do you expect the company to report when it is under investigation 
for alleged overstated sales?

If poor results are reported, then it may be seen as confirming the allegation.

If the results are good, no one would believe.

Best is to wait for PW reports which will be sent to SGX only.
 
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Berani
Elite
14-Aug-2019 00:11     
 
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 Alert Admin 		sure a good result....

can slap alot of ppl here LEFT AND RIGHT

guards80      ( Date: 13-Aug-2019 23:58) Posted:

Best World Q2 earnings double to S$26.8m on revenue surge, higher margins



BEST World, whose business dealings are being investigated by the Singapore Exchange (SGX), on Tuesday reported second-quarter net profit doubling to S$26.8 million from a year ago on a surge in revenue and higher gross margins.

The results translate to earnings per share of  4.90 Singapore  cents against earnings per share of 1.66 cents a year earlier. 

Revenue doubled to S$98.3 million, largely due to an improvement in the direct-selling segment and revenue from the franchise segment, which had contributed " negligibly" to the group in 1H 2018.

According to Best World, 62.8  per cent of its revenue comes from its franchise segment, with another 36.5 per cent coming from its direct-selling model. 

The board has proposed an interim dividend of 1.2 Singapore cents per share, unchanged from the quarter a year earlier. 

For the first half of the year, Best World' s net profit jumped to S$37.1 million, against S$14.9 million for the year-ago period. Earnings per share were  6.77 Singapore cents, against earnings per share of 2.71 cents. 

Revenue for the six months ended June 30 stood at S$151.7 million, compared to revenue of S$57.6 million previously. Gross profit improved to S$116.8 million from S$41.5 million. 

In its outlook, Best World said that with the ongoing independent review of the group' s business in China, a " certain portion" of China management' s time has been diverted to deal with the enquiries. China accounted for 61.2 per cent of revenue in the first half of the year. 

The mainboard-listed skincare products firm also said: " As a result of the US-China trade disputes, China responded by raising the import duties of US-made skincare products from 11 per cent to a range of 19 per cent to 26 per cent and most recently, by weakening the renminbi. Such measures may reduce the profitability of the group' s China subsidiaries."

Best World ordered an independent review of its business and accounting practices earlier this year, after The Business Times raised questions about the lack of clarity on how its franchisees operate in China.

At SGX' s behest, Best World also recently expanded the scope of the review, to determine the veracity of the group' s sales in China under the export model from 2015 to 2018 and whether these were conducted on normal commercial terms.

That came in the wake of a short-seller report which questioned the accounting behind Best World' s profits and sales practices in China, and an anonymous report that linked its biggest customer, Changsha Best, to its chief executive' s brother-in-law. Best World has confirmed the link.

http://www.businesstimes.com.sg/companies-markets/best-world-q2-earnings-double-to-s268m-on-revenue-surge-higher-margins

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guards80
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13-Aug-2019 23:58     
 
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 Alert Admin

Best World Q2 earnings double to S$26.8m on revenue surge, higher margins



BEST World, whose business dealings are being investigated by the Singapore Exchange (SGX), on Tuesday reported second-quarter net profit doubling to S$26.8 million from a year ago on a surge in revenue and higher gross margins.

The results translate to earnings per share of  4.90 Singapore  cents against earnings per share of 1.66 cents a year earlier. 

Revenue doubled to S$98.3 million, largely due to an improvement in the direct-selling segment and revenue from the franchise segment, which had contributed " negligibly" to the group in 1H 2018.

According to Best World, 62.8  per cent of its revenue comes from its franchise segment, with another 36.5 per cent coming from its direct-selling model. 

The board has proposed an interim dividend of 1.2 Singapore cents per share, unchanged from the quarter a year earlier. 

For the first half of the year, Best World' s net profit jumped to S$37.1 million, against S$14.9 million for the year-ago period. Earnings per share were  6.77 Singapore cents, against earnings per share of 2.71 cents. 

Revenue for the six months ended June 30 stood at S$151.7 million, compared to revenue of S$57.6 million previously. Gross profit improved to S$116.8 million from S$41.5 million. 

In its outlook, Best World said that with the ongoing independent review of the group' s business in China, a " certain portion" of China management' s time has been diverted to deal with the enquiries. China accounted for 61.2 per cent of revenue in the first half of the year. 

The mainboard-listed skincare products firm also said: " As a result of the US-China trade disputes, China responded by raising the import duties of US-made skincare products from 11 per cent to a range of 19 per cent to 26 per cent and most recently, by weakening the renminbi. Such measures may reduce the profitability of the group' s China subsidiaries."

Best World ordered an independent review of its business and accounting practices earlier this year, after The Business Times raised questions about the lack of clarity on how its franchisees operate in China.

At SGX' s behest, Best World also recently expanded the scope of the review, to determine the veracity of the group' s sales in China under the export model from 2015 to 2018 and whether these were conducted on normal commercial terms.

That came in the wake of a short-seller report which questioned the accounting behind Best World' s profits and sales practices in China, and an anonymous report that linked its biggest customer, Changsha Best, to its chief executive' s brother-in-law. Best World has confirmed the link.

http://www.businesstimes.com.sg/companies-markets/best-world-q2-earnings-double-to-s268m-on-revenue-surge-higher-margins
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