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Richardlai Master	14-May-2019 18:18        Richardlai About Contact  Quote this Post!
x 0   x 0  Alert Admin	I like their results and cash in the bank ! impressive
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Superkilat Elite	14-May-2019 18:14        Superkilat About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have 500 thousands shares. Who want to buy from me? Selling price is $2.50.
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like2learn Veteran	14-May-2019 18:11        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks for your sincere advice - understand where u r coming from. I am looking at other stocks too. runaway      ( Date: 14-May-2019 08:08) Posted: This is suspended and being investigated by the regulator.  Why buy this off market when you have choices for so many other safer stocks? If you so love this stock, let the dust settle first, no rush.
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Starship Supreme	14-May-2019 18:03        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Best World' s independent reviewer to report only to SGX RegCo from now SGX' s regulatory arm digs deeper into Best World' s business dealings after company admits to familial ties with owner of its major customer TUE, MAY 14, 2019 - 5:50 AM BEST World' s former business partners are now being asked to hand over documents to the Singapore Exchange (SGX), after the company on Monday confirmed allegations that its biggest customer was owned by the brother-in-law of its chief executive Dora Hoan it also revealed more links between the two firms. The customer, Changsha Best, was Best World' s primary import agent in China until the middle of last year. On Monday, the SGX hit Best World with a notice of compliance: " The revelation of the relationship between Changsha Best and the company' s CEO and managing director raises serious concerns about the veracity of the China sales conducted under the export model from 2015 to 2018, and whether these were conducted on normal commercial terms." It has ordered Best World to procure Changsha Best and other import agents to hand over copies of their financial information, accounting and corporate records to SGX Regco, its regulatory arm. It also wants Best World to put SGX RegCo in contact with the import agents' customers, warehouses and delivery service providers. The notice came swiftly after Best World admitted early on Monday that Koh Kim Chuan, the brother-in-law of its CEO Ms Hoan, is the sole shareholder and legal representative of Changsha Best. The admission was made in reply to queries from the SGX last Thursday, after an anonymous short-sell report drew the links between Ms Hoan and Changsha Best. Early on Monday, Best World apologised to investors for failing to provide a fuller picture of the ownership of Changsha Best, but said that it still believes that the customer is an independent party. It argued that neither Mr Koh nor his wife Mary Huan - sister of Ms Hoan - are involved in the management and operations of Changsha Best. Best World described Mr Koh as a " passive investor" in Changsha Best, and that he had provided US$100,000 in seed funding to Changsha Best as a " personal investment" when the company was incorporated. Referring to the SGX rule book, the company said that Changsha Best was not an interested person, as far as the rules that govern interested person transactions (IPTs) went. Corporate governance advocate Mak Yuen Teen told The Business Times that he is not satisfied by Best World' s logic: " Unfortunately, our IPT rules are porous (and) Best World could have used a very technical interpretation of the rules as an excuse." The SGX rulebook states that a CEO' s associates would include her immediate family members in-laws are not included. Prof Mak said: " We have already seen companies like Datapulse Technology drive a truck through these rules. The SGX needs to review the IPT rules and drive home the message that it will enforce the spirit of the rules, not just the letter. Saying that companies must follow the spirit, which the rules say, but not enforcing accordingly, would be pointless." For now, the SGX is digging deeper into Best World' s business dealings. Best World, which sells premium skincare products, is already the subject of an independent review that the SGX ordered in April, after the first short-seller report questioned the accounting behind its profits and its sales practices in China. The SGX has now ordered the independent reviewer, PwC, to report " solely to SGX RegCo" on the scope and all findings of its review. PwC had at first been told to report directly to both SGX RegCo and Best World' s audit committee. The SGX also wants the scope of the PwC review expanded, 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, it said on Monday. Trading in shares of Best World will remain suspended until the SGX completes its investigations. The company also revealed its other connections to its former customer on Monday. Changsha Best was incorporated by Chinese citizen Yan Weijun and his team of executives in July 2014. Mr Yan was introduced to Mr Koh by Jansen Tang, the nephew of Dora Hoan and Mary Huan. The nephew is also Best World' s senior country manager for China and Hong Kong. Mr Koh is described by Best World as a " self-made businessman" who owns and manages two companies in Singapore. Mr Yan became the general manager of Changsha Best, which commenced dealings with Best World in August 2015, on terms governed by a distribution agreement struck, which were agreed on a willing-seller / willing-buyer basis after discussions conducted at an arm' s length basis. These discussions were conducted by Huang Ban Chin, director and chief operating officer of Best World. The distribution agreement allowed Best World to advise on the overall marketing strategy for the products in China, provide product and sales-management training to Changsha Best employees and distributors, and provide promotional materials regarding the products. Last year, Best World switched from an " export" to a " franchise" model the distribution agreement was terminated on Sept 30, 2018. Under the franchise model, Best World' s China subsidiary is the one bringing the goods into China, instead of the import agents. The goods are then sold to individual consumers via 33 franchisees under a " social selling" model. Mr Yan and his team of executives have joined BWL China to allow for a " seamless transition from the export model to the franchise model" , given their familiarity with the group' s operations. Best World told BT that Mr Yan and his team have no further dealings with Changsha Best or its owner, following the termination of the distribution agreement. " Mr Yan and his team no longer have any access to any information regarding any matter in Changsha Best after they left the company," it said. Mr Yan is now a marketing director of BWL China. His spouse owns a franchisee under Best World' s standard franchise arrangement. Unlike typical franchise agreements where the franchisor takes a cut of the franchisees' sales, Best World' s agreement with its Chinese franchisees allows it to recognise revenue upfront, because franchisees must make cash payments before delivery, though the group may offer credit terms on a case-by-case basis. Best World reiterated on Monday that its franchise model was developed with the help of professional advisers and blessed by one of the largest law firms in China. Still, the SGX wants it to obtain an independent legal opinion on the legality of its sales and distribution business under the franchise model. The SGX has also required that Best World cooperate fully with SGX RegCo' s requests for interviews or visits, if any, to facilitate the independent review. Meanwhile, Brokerage CLSA is keeping its " sell" call on Best World. Analyst Low Horng Han slashed his 12-month target price for the stock from S$1.75 to S$0.47 on Monday, based on a lower multiple of five times forward earnings, instead of 12 times. In a report on Monday titled Best World' s Zero Moment of Truth, he wrote that Best World reported a weak set of first-quarter results last week, reaffirming his view that consumer interest in the group' s flagship skincare brand in China trails its strong sales revenue. " We are below consensus and project earnings to decline for two consecutive years," Mr Low wrote. https://www.businesstimes.com.sg/companies-markets/best-worlds-independent-reviewer-to-report-only-to-sgx-regco-from-now
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softdrink Member	14-May-2019 16:59        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yet to wake up from his delusional dreams yet Operator81      ( Date: 14-May-2019 09:42) Posted: This morning in his wet dreams. softdrink      ( Date: 14-May-2019 09:22) Posted: Oh really? Haha! Good for you! You sure you got the price correct? Cover shorts at $1.60-$1.70? Haha! Keep all you want. There is limited short covering vs those holding on to the scripts. I am sure there will be people waiting to load off their scripts
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Tiger04 Senior	14-May-2019 16:22        Tiger04 About Contact  Quote this Post!
x 0   x 0  Alert Admin	$2 ? Anyone wants to buy from me ? Opening after lifting might be $2.50
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Idk123123 Member	14-May-2019 16:18        Idk123123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	lol...i also want to sell.
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xxadidasxx Veteran	14-May-2019 16:11        xxadidasxx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still able to sell ? Haha I olso want to sell
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Tiger04 Senior	14-May-2019 16:11        Tiger04 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Me too stylong      ( Date: 14-May-2019 14:48) Posted: Pm me if anyone interested to cover short, I have share to sell too. Tq
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stylong Member	14-May-2019 14:48        stylong About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pm me if anyone interested to cover short, I have share to sell too. Tq
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Tiger04 Senior	14-May-2019 13:52        Tiger04 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wa so tempting . At What kind of prices ?
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prinston Member	14-May-2019 11:54        prinston About Contact  Quote this Post!
x 0   x 0  Alert Admin	Pm me if interested in covering naked shorts?
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1035834 Senior	14-May-2019 11:46        1035834 About Contact  Quote this Post!
x 1   x 0  Alert Admin	😂 I just kept some for attending agm , you no need like Karang guni to let ppls know you have plenty of share to unload . softdrink      ( Date: 14-May-2019 11:45) Posted: 1035834, you can keep your shares. As a matter of fact, I am still receiving messages of ppl trying to load off their shares. Short covering is done these 2 days. Don?t expect opening that those shorties will push up the price for you. If you are confident, you need more shares, let me know. I have plenty of shares at hand now! 1035834      ( Date: 14-May-2019 11:32) Posted: This is good lesson for those short sell without borrow the share , no sympathy should be given to those naked sellers as they mess the order   , rules itself very clear , those don&rsquo t follow the rules deserve the penalty
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softdrink Member	14-May-2019 11:45        softdrink About Contact  Quote this Post!
x 1   x 0  Alert Admin	1035834, you can keep your shares. As a matter of fact, I am still receiving messages of ppl trying to load off their shares. Short covering is done these 2 days. Don?t expect opening that those shorties will push up the price for you. If you are confident, you need more shares, let me know. I have plenty of shares at hand now! 1035834      ( Date: 14-May-2019 11:32) Posted: This is good lesson for those short sell without borrow the share , no sympathy should be given to those naked sellers as they mess the order   , rules itself very clear , those don&rsquo t follow the rules deserve the penalty  sbscap      ( Date: 14-May-2019 11:21) Posted: SGX should come out with some rules on stocks that are suddenly suspended. Otherwise we can see there is a big mess of unmatched positions. Why kill both bulls and bears? Afterall, the exchange should be keen to ensure that trades are done and settled. By suspending, no new trades are executed, which serve the intended purposes but the executed trades need to be settled. I' m not sure how other exchanges deal with this problem. I' m sure it can be done, somehow.
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1035834 Senior	14-May-2019 11:32        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is good lesson for those short sell without borrow the share , no sympathy should be given to those naked sellers as they mess the order   , rules itself very clear , those don&rsquo t follow the rules deserve the penalty  sbscap      ( Date: 14-May-2019 11:21) Posted: SGX should come out with some rules on stocks that are suddenly suspended. Otherwise we can see there is a big mess of unmatched positions. Why kill both bulls and bears? Afterall, the exchange should be keen to ensure that trades are done and settled. By suspending, no new trades are executed, which serve the intended purposes but the executed trades need to be settled. I' m not sure how other exchanges deal with this problem. I' m sure it can be done, somehow.
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sbscap Master	14-May-2019 11:21        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 1   x 0  Alert Admin	SGX should come out with some rules on stocks that are suddenly suspended. Otherwise we can see there is a big mess of unmatched positions. Why kill both bulls and bears? Afterall, the exchange should be keen to ensure that trades are done and settled. By suspending, no new trades are executed, which serve the intended purposes but the executed trades need to be settled. I' m not sure how other exchanges deal with this problem. I' m sure it can be done, somehow.
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Shifu8888 Supreme	14-May-2019 11:18        Shifu8888 About Contact  Quote this Post!
x 1   x 0  Alert Admin	The issue is many ppl compared bw to the 3 pennies and other companies with blown out leverage. Hence it is impt to point the cash-is-real point here. Also, I also concur that MLm is a dicey topic and hence bw might have used PIA as smokescreen to circumvent this MLm. Be mentioned they had seeped clearance from Beijing government for this business model of distribution. It is also interesting to note PwC might have this in their scope of investigation. curious_moo      ( Date: 14-May-2019 10:37) Posted: the only fundamental issue here is the business model, which keeps getting questioned since pubilc/online awareness/interest does not entirely match revenue. and they are afraid all these revenue are simply coming from the MLM ( and lrepeated purchases from sales rep) as well as large purchases from controlled " independent" agents under the franchise model now. money has always been real, im guess nobody ever doubted that part. not sure why pple keep mentioning about this point to bolster that there is no issue with BWL.. Shifu8888      ( Date: 14-May-2019 10:27) Posted: The MAIN PROBLEM for both short-sellers is that the cash at bank of $170m in BW is real. They had been distributing cash dividends every year. Their NTA per share is not high due to cash being distributed consistently (retained earnings drawn down to give dividends). Loan at $1.4m. Also they NEVER raise funds from equity (new shares, warrants of rights) or debt instruments (bonds). Nothing fundamentally wrong. Sgx is actually (protecting) bw by suspending it. Clear the shitty and this time round, shortists may be burn real hard.
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runaway Senior	14-May-2019 11:14        runaway About Contact  Quote this Post!
x 0   x 0  Alert Admin	Public info is present time, everyone can access, read, interpret and understand. Undisclosed or being investigated facts are future time, nobody knows the outcome. Based on public info, non-disclosure of related party at Changsa Best is confirmed. The odds are against the interest of BW, for now.
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softdrink Member	14-May-2019 11:09        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Deal is off, covered all my positions. softdrink      ( Date: 14-May-2019 09:22) Posted: Oh really? Haha! Good for you! You sure you got the price correct? Cover shorts at $1.60-$1.70? Haha! Keep all you want. There is limited short covering vs those holding on to the scripts. I am sure there will be people waiting to load off their scripts! 1035834      ( Date: 14-May-2019 09:10) Posted: THIS MORNING MY BROKER ALSO CALLED ME SAID GOT DESPERATE NAKED SELLER NEED COVER THEIR SHORT POSITION, RANGE AROUND 1.60-1.70...I SAID I RATHER KEEP IT FOR ATTENDING AGM AS MORE EXCITED SHOW WILL BE THERE
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beng1102 Elite	14-May-2019 10:42        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	take it with a pinch of salt. curious_moo      ( Date: 14-May-2019 10:38) Posted: i think you got the same misunderstanding as  1035834  refer to my reply to him lol... beng1102      ( Date: 14-May-2019 10:36) Posted: Both buyer and seller could arrange to transfer cash vs share.    Share transfer cen be effected from cdp.  If custodian is involved then custodian will make sure cash/share (DVP) transfer happen at the same time or in the safe  manner
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