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Best World
Last:1.7
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Best World : Turnaround to Strong Growth
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phongy45
Senior |
12-Nov-2021 11:34
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intersting ..  interesting .. " some regulatory concerns on the group' s current sales and distribution model in China" . 
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Joelton
Supreme |
12-Nov-2021 09:38
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Best World Intl posts 11.1% decline in Q3 profit mulling over a delisting
BEST World International posted a 11.1 per cent year-on-year drop in net profit to S$25.1 million in the third quarter ended Sept 30, 2021.
 
This comes as revenue was 10.5 per cent lower at S$117.49 million, partly due to lower revenue for its direct selling segment, while earnings per share for the quarter under review worked out to 4.61 Singapore cents, down from 5.19 cents previously.
 
The group highlighted that it is already seeing the effects of second waves of the pandemic in its key markets, Taiwan and Malaysia. It warned that it expects continued disruptions - in the form of scaled down or cancelled marketing events and activities - in another key market, China, for the rest of the year.
 
Best World said: " Management' s outlook for the next reporting period will still be a cautious one."
 
Shares in Best World are suspended from trading.
 
In a separate announcement, Best World also flagged that it is considering a delisting.
 
It said: " After careful consideration and taking into account the prevailing market conditions and the circumstances surrounding the company (which includes the lack of clarity as to whether the Ministry of Commerce of China will be accepting filings for the expansion of coverage of existing direct selling licenses within a reasonable timeframe and in the foreseeable future), the board has come to the view that it might be appropriate to consider a delisting and will be exploring all feasible options to achieve the same."
 
In March, the company had said at the time that following consultation with Singapore Exchange RegCo, it believed trading of its shares would remain suspended until the group gains traction in its pivot to a direct selling model in China. This comes as SGX RegCo continues to have " some regulatory concerns on the group' s current sales and distribution model in China" .
 
Best World expects it will need external financing for the delisting, which in turn may impact the feasibility of such an exercise. At the same time, the company is exploring options to " provide shareholders with certain liquidity/cash value for their shares, including by way of an off-market share buyback scheme," it added.
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newbie19
Supreme |
07-Jan-2021 13:01
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i also want to know..![]()
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phongy45
Senior |
06-Jan-2021 17:15
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BWL ... any good news?
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ffff152100ffff
Master |
20-Nov-2020 18:21
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for this stock how? | ||||
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ruready
Supreme |
20-Nov-2018 14:44
Yells: "Follow the micro penny , May be this is the last train" |
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Crazy turbo , penny season coming soon ...3.50 ppl chase | ||||
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s100125
Master |
20-Nov-2018 14:33
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May LAO SAI anytime soon, reality will hit home once the bbs decided to unload. | ||||
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ruready
Supreme |
20-Nov-2018 14:14
Yells: "Follow the micro penny , May be this is the last train" |
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Turbo engines going turbo soon, h can be higher , this week me tubing all penny will fly | ||||
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1035834
Senior |
20-Nov-2018 11:40
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2.29 now !! never need rest or consolidate , very crazy stock 
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DummyA
Senior |
14-Nov-2018 14:07
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wow now its already S$2 amazing ride from 1.3+ to 2 | ||||
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wehuattogether88
Supreme |
26-Jul-2018 11:36
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have already move up from 1.2+.. will be around this level of 1.31-1.33 for consolidation.
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Greatman
Senior |
23-Aug-2017 01:39
Yells: "Be water my friend" |
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No more major bulls for this counter in foreseeable future. Dont hold this counter unless you want to be long term investor
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spore1
Supreme |
18-Dec-2016 14:23
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Seems heading lower. spore share blo g | ||||
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Greatman
Senior |
16-Dec-2016 15:11
Yells: "Be water my friend" |
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Blood has started to spill... Business as usual for BB Target way below $1
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Feverfire
Veteran |
16-Dec-2016 12:09
![]() Yells: "Make money work for you" |
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Paging for BBull, always say " Best is yet to come" lmao. |
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Laoliu
Veteran |
16-Dec-2016 12:07
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What happen to Best World??? Gone case? |
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satruz
Master |
16-Dec-2016 10:36
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Looks like game over for this fella? -) | ||||
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Greatman
Senior |
30-Nov-2016 10:26
Yells: "Be water my friend" |
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BB intending to get out of this counter soon.  Those holding, TP early. Do not hold past 10-13 Dec You are welcomed
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think2profit
Master |
30-Apr-2016 10:21
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2 times return on investment since Mar 15 time to slowly unwind position.
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jessliew
Senior |
30-Apr-2016 09:34
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Wow so strong.. 0.695... | ||||
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