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Latest Forum Topics / Best World  Post Reply
THE BEST IS YET TO BE
joker123
Senior
09-May-2019 16:48     
 
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 Alert Admin 		The long waits begins........

All longist and shortist are now in prison 

like2learn      ( Date: 09-May-2019 16:45) Posted:

sgx investigating ...  tot they already ask BW to appt 3rd party to check ?
cannot trade BW over the next few days ?
what if BW reply then BR refute, and merry go round & round  ....
just let free mkt play mah .... pple who believe - buy, dun believe - sell.
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guards80
Supreme
09-May-2019 16:48     
 
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 Alert Admin 		can be months or years

zillion      ( Date: 09-May-2019 16:47) Posted:

wow Susp can mean months if investigations keep dragging on. Congras BW!

guards80      ( Date: 09-May-2019 16:44) Posted:

Pursuant to Listing Rule 1303 (5), Singapore Exchange Regulation has exercised its authority to suspend trading in the shares of Best World International Ltd (" the Company" ) with effect from 3.14 pm today pending our investigations into the accuracy of the Company' s 9 May 2019 announcement entitled " Best World International Ltd strongly refutes Bonitas research report" . Trading suspension will continue until we have completed our investigations into the veracity of the Company' s China sales
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zillion
Master
09-May-2019 16:47     
 
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 Alert Admin 		wow Susp can mean months if investigations keep dragging on. Congras BW!

guards80      ( Date: 09-May-2019 16:44) Posted:

Pursuant to Listing Rule 1303 (5), Singapore Exchange Regulation has exercised its authority to suspend trading in the shares of Best World International Ltd (" the Company" ) with effect from 3.14 pm today pending our investigations into the accuracy of the Company' s 9 May 2019 announcement entitled " Best World International Ltd strongly refutes Bonitas research report" . Trading suspension will continue until we have completed our investigations into the veracity of the Company' s China sales.

stevenyeo      ( Date: 09-May-2019 16:42) Posted:

Suspended by SGX from 314pm today pending investigations into accuracy of company' s 9 May 2019 annoucement
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JarBinx
Member
09-May-2019 16:47     
 
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 Alert Admin 		" Trading suspension will continue until we have completed our investigation into the veracity of the Company' s China sales."

So if SGX accepts BWL' s announcement, then all clear meh?
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like2learn
Veteran
09-May-2019 16:45     
 
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 Alert Admin 		sgx investigating ...  tot they already ask BW to appt 3rd party to check ?
cannot trade BW over the next few days ?
what if BW reply then BR refute, and merry go round & round  ....
just let free mkt play mah .... pple who believe - buy, dun believe - sell.
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Starship
Supreme
09-May-2019 16:45     
 
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 Alert Admin

09-May-2019 16:33:28
Status New
Announcement Sub Title
SINGAPORE EXCHANGE REGULATION SUSPENDS TRADING OF SHARES IN BEST WORLD INTERNATIONAL LTD


Pursuant to Listing Rule 1303 (5), Singapore Exchange Regulation has exercised its authority to suspend trading in the shares of Best World International Ltd (" the Company" ) with effect from 3.14 pm today pending our investigations into the accuracy of the Company' s 9 May 2019 announcement entitled " Best World International Ltd strongly refutes Bonitas research report" . Trading suspension will continue until we have completed our investigations into the veracity of the Company' s China sales.

https://links.sgx.com/1.0.0/corporate-announcements/RT2LBV5H11S0RLKY/8ba587d67fbf90ea1b3e42fbc0ec3b66fc333edbad9c2321d52214a65afb67ef
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guards80
Supreme
09-May-2019 16:44     
 
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 Alert Admin 		Pursuant to Listing Rule 1303 (5), Singapore Exchange Regulation has exercised its authority to suspend trading in the shares of Best World International Ltd (" the Company" ) with effect from 3.14 pm today pending our investigations into the accuracy of the Company' s 9 May 2019 announcement entitled " Best World International Ltd strongly refutes Bonitas research report" . Trading suspension will continue until we have completed our investigations into the veracity of the Company' s China sales.

stevenyeo      ( Date: 09-May-2019 16:42) Posted:

Suspended by SGX from 314pm today pending investigations into accuracy of company' s 9 May 2019 annoucement
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stevenyeo
Member
09-May-2019 16:42     
 
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 Alert Admin 		Suspended by SGX from 314pm today pending investigations into accuracy of company' s 9 May 2019 annoucement
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tonytan44
Supreme
09-May-2019 16:42     
 
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 Alert Admin 		no brainer

tonytan44      ( Date: 09-May-2019 16:41) Posted:

see i told you its sgx susp de

tonytan44      ( Date: 09-May-2019 16:14) Posted:

coz you never notice ABL. it was sgx who put the sus
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ahhuat08
Elite
09-May-2019 16:41     
 
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 Alert Admin 		nope, donkey years ago there was one ipo called mid con, also suspended by sgx.

most recent ones were 2013 ABL' s case

Qanghoo      ( Date: 09-May-2019:53) Posted:

Suspension initiated by SGX RegCo.  Is this unprecedented?

runaway      ( Date: 09-May-2019 16:38) Posted:


If BW had called for the suspension,   it would have been filed in SGX BW space.

Since there is no such announcement, the suspension must have been initiated by SGX.

We can expect an announcement from SGX soon.

 


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zillion
Master
09-May-2019 16:41     
 
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 Alert Admin 		aka World Best to short!

easywin      ( Date: 09-May-2019 16:39) Posted:

No more Best world now become Bad world
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tonytan44
Supreme
09-May-2019 16:41     
 
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 Alert Admin 		see i told you its sgx susp de

tonytan44      ( Date: 09-May-2019 16:14) Posted:

coz you never notice ABL. it was sgx who put the susp

guards80      ( Date: 09-May-2019 16:11) Posted:

same too.. 1st time never announcement suspensio
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NextEvolution
Elite
09-May-2019 16:41     
 
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 Alert Admin 		The announcement say SGX initiated this suspension, not voluntarily by BWL. But didn't do a good job as announcement come more than an hour late, a never before delayed announcement

runaway      ( Date: 09-May-2019 16:38) Posted:


If BW had called for the suspension,   it would have been filed in SGX BW space.

Since there is no such announcement, the suspension must have been initiated by SGX.

We can expect an announcement from SGX soon.

 

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Qanghoo
Supreme
09-May-2019 16:40     
 
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 Alert Admin 		Suspension initiated by SGX RegCo.  Is this unprecedented?

runaway      ( Date: 09-May-2019 16:38) Posted:


If BW had called for the suspension,   it would have been filed in SGX BW space.

Since there is no such announcement, the suspension must have been initiated by SGX.

We can expect an announcement from SGX soon.

 

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like2learn
Veteran
09-May-2019 16:40     
 
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 Alert Admin 		SGX announce liao ... investigating into BW announcements ...
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ahhuat08
Elite
09-May-2019 16:39     
 
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 Alert Admin 		Sgx suspends best world in accordance with clause 1303 (5)  in order to ascertain the veracity of BW' s rebuttal.
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easywin
Supreme
09-May-2019 16:39     
 
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 Alert Admin 		No more Best world now become Bad world
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runaway
Senior
09-May-2019 16:38     
 
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 Alert Admin
If BW had called for the suspension,   it would have been filed in SGX BW space.

Since there is no such announcement, the suspension must have been initiated by SGX.

We can expect an announcement from SGX soon.

 
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zillion
Master
09-May-2019 16:36     
 
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 Alert Admin 		Mini Mouse Club now

Starship      ( Date: 09-May-2019 16:22) Posted:



nqing87      ( Date: 09-May-2019 16:15) Posted:

that is also the reason why our blue chips are highly value compare to smaller caps counter, even though the yields of blue chips are not high and their earnings can be unstable.. in singapore, a lot of our common folks will invest in blue chips as they are deemed stable and branded.. lots of smaller counters that have solid fundamentals are therefore neglected and trading at low p/e with higher dividends.. few of the strong small counters (eg challenger) had taken advantage of the low valuation given and wanted to delist.. as long as such lack of confidence in our stock exchange continues, we will expect eroding shareholder value in lots of small counters, and lots of small counters will start to take advantage of retailers and delist cheaply.. sgx has to do more to encourage analysts to cover more on smaller reliable counters to ensure that our exchange doesnt turn into a STI only mickey mouse exchange, and ensure that the smaller counters that are listed here does not commit hanky panky.
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michaeltan
Master
09-May-2019 16:35     
 
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 Alert Admin 		I am thankful that I have cleared all my position early in the morning.
 

michaeltan      ( Date: 09-May-2019 09:20) Posted:

I have cleared my position.
Thanks and appreciation to the management of all the hard work. 
Though there is challenges ahead. The management has doing the right thing and hope the investors confidence can be attained.   

moneyspinner      ( Date: 09-May-2019 09:14) Posted:

Best World takes Bonitas to Court for defamation

THU, MAY 09, 2019 - 8:34 AM


BEST World International said on Thursday that the company and its founders - Dora Hoan and Doreen Tan - have on May 3 started defamation proceedings against Bonitas Research and its founder in the Singapore High Court. 

The move is in response to a 28-page report published by Bonitas in April questioning the authenticity and legality of the premium skincare firm' s profits.

In a regulatory filing posted at 1.42am, Best World said the report contains false and defamatory allegations &ldquo intended to undermine the reputations&rdquo of the group and its senior management, cause a loss of confidence in the group and inflict damage on the price of the company&rsquo s shares to &ldquo financially benefit Bonitas&rdquo .

It said Bonitas is a professional short seller and has openly stated in the report that it would profit from the decline in the company&rsquo s share price.

" The company strongly urges its shareholders and potential investors not to be deceived by the report, which has undermined confidence in the group and destroyed the value that the company has created for its shareholders over the years," Best World said.

 
 
 


 

Best World, in a separate announcement, requested for its trading halt called on April 24 to be lifted on Thursday morning. The company meant to lift the trading halt on May 6, but had got an extension ahead of its quarterly results release. 

Prior to the trading halt on April 24, Best World shares  were down 8.99 per cent  at S$1.62 on volume of 8.7 million shares as at 11.25am, following the Bonitas report.

Days after the report, the Singapore Exchange' s (SGX) regulatory arm ordered a review of Best World' s China business to address all matters raised by Bonitas. Separately, SGX also  granted a two-month  extension  until June 30, 2019 for the company to convene its annual general meeting.

On Wednesday night, Best World 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, with  outperformance most pronounced in China from strong underlying demand for its DR' s Secret skincare line and the full adoption of its new franchise model.
 
         
         
         
         
 


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