| Latest Forum Topics / Best World |
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THE BEST IS YET TO BE
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moneyspinner
Veteran |
15-Aug-2017 18:23
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Note from Maybank  KE Retail Research  
 
Best World has only recently made inroads into the Chinese direct selling market after obtaining its licence in Hangzhou city in Nov ' 16 In 1H17, revenue from China contributed 48% of Best World' s overall sales of $100m, of which almost all stem from the export and manufacturing/wholesale segment. Best World does not operate a pyramid scheme and will be introducing its direct selling operations in phases. The government crackdown is aimed at Ponzi schemes, which are illegal and is not directed against legitimate direct selling businesses. As for now, Best World still operates the export model in China where it sells its premium skincare products primarily to beauty/hair salons, spa owners, etc. The model does not incentivise retailers to stock up on products (channel stock) as they would not receive any distribution gains, as opposed to the direct selling model. Further, Best World has policies in place to prevent channel stocking, particularly in China, which could lead to pyramid schemes. Products sold in China are reportedly in short supply due to increased demand from consumer acceptance. Following the selldown, Best World currently trades at 14.1x FY18 P/E, with consensus earnings growth forecast of 23%/16% in FY18/FY19. |
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spore1
Supreme |
15-Aug-2017 17:32
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$1.00 is coming | ||||
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Laksman
Member |
15-Aug-2017 17:12
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Did anyone watch the documentary Betting on Zero?  It' s a documentary on Herbalife MLM  technique. I decided not to invest when I saw the similarities.  Just for info. Not vested |
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tankookoo
Master |
15-Aug-2017 16:15
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Bestworld reply to SGX seems to assure market, selling pressure subsides... holds well current level... |
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bubble/n/squeak
Member |
15-Aug-2017 16:14
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Time to rebound? | ||||
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laksaman57
Supreme |
15-Aug-2017 15:59
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P/BV ratio 8.17 😨 | ||||
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laksaman57
Supreme |
15-Aug-2017 14:38
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http://www.straitstimes.com/business/companies-markets/best-worlds-meteoric-rise-prompts-queries-from-sgx
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9hly99
Veteran |
15-Aug-2017 14:29
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Many of such outfit will be ordered to close down until they can explain the marketing plan. However it is not easy as most of these companies are Mlm in nature in other countries so likely to be suspense business activity
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laksaman57
Supreme |
15-Aug-2017 14:23
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Show may very well have just started
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cantongacs
Member |
15-Aug-2017 14:11
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Lucky q at 1.25 done . Average up for me. Thanks
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tankookoo
Master |
15-Aug-2017 13:57
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best world still the best...now 1.39 ... if world end, it should be $1 now..  
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laksaman57
Supreme |
15-Aug-2017 13:53
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"At Worlds End" | ||||
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tankookoo
Master |
15-Aug-2017 13:53
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is bestworld MLM?  
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serious
Master |
15-Aug-2017 13:49
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China is going to crack don on DS ( MLM) , so die road one way ! | ||||
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tankookoo
Master |
15-Aug-2017 13:46
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if break, price cannot recover ley...from 1.22 to 1.38...  
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bernardc
Elite |
15-Aug-2017 13:19
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look like ..circuit breaker only works  from the initial 9 am trade ... wtf..should be halted once started..this is to alert buyers what happen..if not wtf..for
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tankookoo
Master |
15-Aug-2017 12:47
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stablished at 1.33..max that it has dropped...  
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pnuklis
Master |
15-Aug-2017 12:34
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Coming back slowly | ||||
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eagleeyes1989
Master |
15-Aug-2017 12:30
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who thinks this is over-reaction and it' s extreme negative sentiment causing panic-selling?  i personally feel the news is not very relevant to Best World as it' s a business actively seeking M& A and not hardcore MLM..  once the dust settles, it will be pushed back up.  |
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wishbone
Master |
15-Aug-2017 12:23
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Absolutely. I was also thinking why SGX did not activate the circuit breaker. They introduced this in the market with all the bells and whistles but the time in need it is not there.WTF  
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Despite the near-term overhang on the stock, we retain Best World in the Market Insight Growth portfolio on the basis of its phenomenal earnings growth momentum as the group makes further inroads into China.