Back

Latest Forum Topics / Best World

Post Reply

Super Coffee Post Reply Rate topic
trademaster Supreme	24-Apr-2019 10:27        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	No wonder looks like shorted, before the news come out. Good, shorted means will go up
Useful To Me  Not Useful To Me
bwavep Senior	24-Apr-2019 10:21        bwavep About Contact  Quote this Post!
x 0   x 0  Alert Admin	Best World (BB: BEST _ SGX: CGN) = Fraud   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-yearindependent 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  franchiseelocations) 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.  bwavep      ( Date: 24-Apr-2019 10:17) Posted: overseas shortists at work...word of caution trademaster      ( Date: 24-Apr-2019 09:56) Posted: --- Post Removed by User ---
Useful To Me  Not Useful To Me
bwavep Senior	24-Apr-2019 10:17        bwavep About Contact  Quote this Post!
x 0   x 0  Alert Admin	overseas shortists at work...word of caution trademaster      ( Date: 24-Apr-2019 09:56) Posted: --- Post Removed by User ---
Useful To Me  Not Useful To Me
stockist75 Veteran	24-Apr-2019 10:03        stockist75 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Buy in some lots at 1.75
Useful To Me  Not Useful To Me
SgYuan Supreme	24-Apr-2019 08:06        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is the same ew i show in the chart The chart thou is 5min chart - but the time frame is fr 16 apr - that why u can see the ew w0 163 w5 197 - so it is actually day chart in 5min interval - this allow us to see detail of the full ew - and the mini ew 178 187 178 break If u open in day chart interval u will also see this wave a 333 to 201 wave b 201 to 267 wave c 267 to 163 ew w0 163 w1 197 w2?175 trademaster      ( Date: 23-Apr-2019 23:54) Posted: sorry missed out...this one is daily chart? SgYuan      ( Date: 23-Apr-2019 14:07) Posted: base on bigger wave ew w0 163 w1 197 w2? w1 36 w2 22 tgt 175 dn 61.8% - px hit 178 and may test again - 4h mid @182 - px supporting at 180 now - if break dn may test 175 w3 58 tgt 236 up 161.8% - w3 ext ew - this look not possible for now w4? w5? Cur ew w0 178 w1?187 w2? w3? w1 9 w2 6 tgt 181 dn 61.8% - px hit 180 delta 7 dn 77.8% - px should not break 180 - then next 178 break ew then 175 w3 15 tgt 195 up 161.8% - next tgt if w2 uturn - ya u are right 195 w4 6 189 w5 9 198
Useful To Me  Not Useful To Me
trademaster Supreme	23-Apr-2019 23:54        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	sorry missed out...this one is daily chart? SgYuan      ( Date: 23-Apr-2019 14:07) Posted: base on bigger wave ew w0 163 w1 197 w2? w1 36 w2 22 tgt 175 dn 61.8% - px hit 178 and may test again - 4h mid @182 - px supporting at 180 now - if break dn may test 175 w3 58 tgt 236 up 161.8% - w3 ext ew - this look not possible for now w4? w5? Cur ew w0 178 w1?187 w2? w3? w1 9 w2 6 tgt 181 dn 61.8% - px hit 180 delta 7 dn 77.8% - px should not break 180 - then next 178 break ew then 175 w3 15 tgt 195 up 161.8% - next tgt if w2 uturn - ya u are right 195 w4 6 189 w5 9 198 trademaster      ( Date: 23-Apr-2019 13:27) Posted: can update ew, target 195
Useful To Me  Not Useful To Me
trademaster Supreme	23-Apr-2019 23:53        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is 5 min chart, what about daily chart. tks SgYuan      ( Date: 23-Apr-2019 17:34) Posted: w2 heading to tgt 175 dn 61.8% - if supported, can consider long from here - if play safe, wait for w2 formation chart   SgYuan      ( Date: 23-Apr-2019 14:07) Posted: base on bigger wave ew w0 163 w1 197 w2? w1 36 w2 22 tgt 175 dn 61.8% - px hit 178 and may test again - 4h mid @182 - px supporting at 180 now - if break dn may test 175 w3 58 tgt 236 up 161.8% - w3 ext ew - this look not possible for now w4? w5? Cur ew w0 178 w1?187 w2? w3? w1 9 w2 6 tgt 181 dn 61.8% - px hit 180 delta 7 dn 77.8% - px should not break 180 - then next 178 break ew then 175 w3 15 tgt 195 up 161.8% - next tgt if w2 uturn - ya u are right 195 w4 6 189 w5 9 198
Useful To Me  Not Useful To Me
killerwave Member	23-Apr-2019 17:49        killerwave About Contact  Quote this Post!
x 0   x 0  Alert Admin	This particular stock cannot be assessed using the usual TA tools. It is tightly controlled by some people. You have to watch the PA very closely. It goes up, you long. And be ever ready to get out fast when it turns. This is strictly for gamblers and daredevils. SgYuan      ( Date: 23-Apr-2019 17:34) Posted: w2 heading to tgt 175 dn 61.8% - if supported, can consider long from here - if play safe, wait for w2 formation chart   SgYuan      ( Date: 23-Apr-2019 14:07) Posted: base on bigger wave ew w0 163 w1 197 w2? w1 36 w2 22 tgt 175 dn 61.8% - px hit 178 and may test again - 4h mid @182 - px supporting at 180 now - if break dn may test 175 w3 58 tgt 236 up 161.8% - w3 ext ew - this look not possible for now w4? w5? Cur ew w0 178 w1?187 w2? w3? w1 9 w2 6 tgt 181 dn 61.8% - px hit 180 delta 7 dn 77.8% - px should not break 180 - then next 178 break ew then 175 w3 15 tgt 195 up 161.8% - next tgt if w2 uturn - ya u are right 195 w4 6 189 w5 9 198
Useful To Me  Not Useful To Me
SgYuan Supreme	23-Apr-2019 17:34        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	w2 heading to tgt 175 dn 61.8% - if supported, can consider long from here - if play safe, wait for w2 formation chart   SgYuan      ( Date: 23-Apr-2019 14:07) Posted: base on bigger wave ew w0 163 w1 197 w2? w1 36 w2 22 tgt 175 dn 61.8% - px hit 178 and may test again - 4h mid @182 - px supporting at 180 now - if break dn may test 175 w3 58 tgt 236 up 161.8% - w3 ext ew - this look not possible for now w4? w5? Cur ew w0 178 w1?187 w2? w3? w1 9 w2 6 tgt 181 dn 61.8% - px hit 180 delta 7 dn 77.8% - px should not break 180 - then next 178 break ew then 175 w3 15 tgt 195 up 161.8% - next tgt if w2 uturn - ya u are right 195 w4 6 189 w5 9 198 trademaster      ( Date: 23-Apr-2019 13:27) Posted: can update ew, target 195
Useful To Me  Not Useful To Me
SgYuan Supreme	23-Apr-2019 14:07        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	base on bigger wave ew w0 163 w1 197 w2? w1 36 w2 22 tgt 175 dn 61.8% - px hit 178 and may test again - 4h mid @182 - px supporting at 180 now - if break dn may test 175 w3 58 tgt 236 up 161.8% - w3 ext ew - this look not possible for now w4? w5? Cur ew w0 178 w1?187 w2? w3? w1 9 w2 6 tgt 181 dn 61.8% - px hit 180 delta 7 dn 77.8% - px should not break 180 - then next 178 break ew then 175 w3 15 tgt 195 up 161.8% - next tgt if w2 uturn - ya u are right 195 w4 6 189 w5 9 198 trademaster      ( Date: 23-Apr-2019 13:27) Posted: can update ew, target 195? SgYuan      ( Date: 22-Apr-2019 11:41) Posted: w3 18 tgt 183 up 161.8% - px hit 189 delta 24 up 218% - once uturn w4 start w4 9 tgt 180 dn 38.2% w5 18 tgt 198 up 50% of w1+w3=35 - px hit 197 and goes into wabc correction wa 197 187 delta 10 wb 187 ?193 - now here wc 193? 183 wait for next wave
Useful To Me  Not Useful To Me
trademaster Supreme	23-Apr-2019 13:27        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	can update ew, target 195? SgYuan      ( Date: 22-Apr-2019 11:41) Posted: w3 18 tgt 183 up 161.8% - px hit 189 delta 24 up 218% - once uturn w4 start w4 9 tgt 180 dn 38.2% w5 18 tgt 198 up 50% of w1+w3=35 - px hit 197 and goes into wabc correction wa 197 187 delta 10 wb 187 ?193 - now here wc 193? 183 wait for next wave SgYuan      ( Date: 17-Apr-2019 16:52) Posted: Ensure w4 supported - deep correction is no good - set cut lost line Chart
Useful To Me  Not Useful To Me
beng1102 Elite	23-Apr-2019 12:02        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes!  Loaded some more.  No fear!    Buying is back! trademaster      ( Date: 23-Apr-2019 11:02) Posted: Time to reload
Useful To Me  Not Useful To Me
trademaster Supreme	23-Apr-2019 11:02        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Time to reload
Useful To Me  Not Useful To Me
msksmsks Supreme	23-Apr-2019 09:30        msksmsks About Contact  Quote this Post!
x 0   x 0  Alert Admin	Down on low volume but Up on high volume. Patient is the key .... It wl surrect and rise and shine again. cheers
Useful To Me  Not Useful To Me
kerier Veteran	22-Apr-2019 15:55        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	Annual report will be published after AGM date is confirmed.
Useful To Me  Not Useful To Me
beng1102 Elite	22-Apr-2019 13:20        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Price weakness now is a perfect opportunity to buy more and hold.  No fear! SgYuan      ( Date: 22-Apr-2019 11:41) Posted: w3 18 tgt 183 up 161.8% - px hit 189 delta 24 up 218% - once uturn w4 start w4 9 tgt 180 dn 38.2% w5 18 tgt 198 up 50% of w1+w3=35 - px hit 197 and goes into wabc correction wa 197 187 delta 10 wb 187 ?193 - now here wc 193? 183 wait for next wave SgYuan      ( Date: 17-Apr-2019 16:52) Posted: Ensure w4 supported - deep correction is no good - set cut lost line Chart
Useful To Me  Not Useful To Me
SgYuan Supreme	22-Apr-2019 11:41        SgYuan About Contact  Quote this Post!
x 0   x 0  Alert Admin	w3 18 tgt 183 up 161.8% - px hit 189 delta 24 up 218% - once uturn w4 start w4 9 tgt 180 dn 38.2% w5 18 tgt 198 up 50% of w1+w3=35 - px hit 197 and goes into wabc correction wa 197 187 delta 10 wb 187 ?193 - now here wc 193? 183 wait for next wave SgYuan      ( Date: 17-Apr-2019 16:52) Posted: Ensure w4 supported - deep correction is no good - set cut lost line Chart trademaster      ( Date: 17-Apr-2019 16:25) Posted: Thanks for the update, next target w5 19
Useful To Me  Not Useful To Me
Sin_Cos_Tan Veteran	22-Apr-2019 09:48        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Quick? Where got ?  that' s not true! More than 12 hours to respond! You did not say? then you must be in the wrong thread ! *************************************************** InvestSG      ( Date: 18-Apr-2019 19:54) Posted:    well... more good news from China then. https://www.bloomberg.com/news/articles/2019-04-16/l-oreal-sales-beat-estimates-as-booming-asia-overtakes-europe JoleenChan      ( Date: 18-Apr-2019 14:17) Posted:    Best World obviously not played by ang moh funds.    China funds in it.   InvestSG      ( Date: 21-Apr-2019 15:08) Posted: well, i did not say it has anything to do with BW lei. Why you so quick to attack? Sin_Cos_Tan      ( Date: 19-Apr-2019 08:32) Posted: This news has nothing to do with BW. They are totally different business models.
Useful To Me  Not Useful To Me
InvestSG Member	22-Apr-2019 09:15        InvestSG About Contact  Quote this Post!
x 0   x 0  Alert Admin	1.96 liao. Looks like we will push through 2 today
Useful To Me  Not Useful To Me
Sin_Cos_Tan Veteran	22-Apr-2019 09:05        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ang moh used to have big balls. Every dog has his day....Lol (fē ng shuǐ lú n lí u zhuà n) JoleenChan 18-Apr-2019 14:17        Best World obviously not played by ang moh funds.      China funds in it.   JoeJordan      ( Date: 21-Apr-2019 13:36) Posted: BW is for people with big balls to play...
Useful To Me  Not Useful To Me

                                                         First   < Newer   461-480 of 2184   Older>   Last