| Latest Forum Topics / Best World |
 Post Reply
|
|
THE BEST IS YET TO BE
|
|||||
|
Wind22i
Supreme |
10-Jun-2016 07:41
|
||||
|
x 0
x 0 Alert Admin |
I read the article as such: be careful if the big banks start selling like abl..it may drop a lot .. | ||||
| Useful To Me Not Useful To Me | |||||
|
moneyspinner
Veteran |
10-Jun-2016 07:39
|
||||
|
x 0
x 0 Alert Admin |
If fundamentals continue to improve, it should!👍 😀
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
typ1995
Member |
10-Jun-2016 07:20
|
||||
|
x 0
x 0 Alert Admin |
does it mean it will fly all the way up?? hahah |
||||
| Useful To Me Not Useful To Me | |||||
|
moneyspinner
Veteran |
10-Jun-2016 07:06
|
||||
|
x 0
x 0 Alert Admin |
No change in fundamentals! :D Wait for 2Q2016 results. Straits Times dated June 10, 2016 Shares of Best World International dived 23 per cent yesterday, wiping $70 million off their value after the firm responded to an unusually lengthy query from the regulator after trading hours on Wednesday. The Singapore Exchange (SGX) had asked Best World to explain sections of its stellar first quarter earnings report issued last month. The query, which followed three other market surveillance queries from SGX over a two-month span, may have given some investors cold feet about the group' s fundamentals, analysts said. Maybank Kim Eng investment analyst Clement Ho said: " The SGX query creates a negative impression, given the ABL (Asiasons, Blumont, LionGold) saga three years ago." [i][u][b] Best World is different, however, as the group is backed by sound earnings growth, he noted. " We are quite comfortable (but) given today' s sharp slump, movements in the next four to six weeks will probably be tempered down.[/b][/u][/i]" The Straits Times reported yesterday that Best World' s share price had more than quadrupled from 33.5 cents at the start of the year to $1.375 at Wednesday' s close. The counter slumped to close at $1.06 yesterday with 5.4 million shares changing hands, but the stock is still up a whopping 216 per cent so far this year. [i][u][b]CIMB Securities analyst Jonathan Seow said yesterday: " I wouldn' t say (the SGX queries) are a warning sign. They are probably just doing their due diligence. Nothing fundamental to the business changed between today and yesterday." [/b][/u][/i] Best World founder and co-chairman Doreen Tan told The Straits Times on Wednesday that " whatever the share price, to us it is just a paper value. What is important to us is that we must make more profits, because that tells us our distributors are making money" . |
||||
| Useful To Me Not Useful To Me | |||||
|
Wind22i
Supreme |
09-Jun-2016 23:49
|
||||
|
x 0
x 0 Alert Admin |
All the china company ...questionable accounting...
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Wind22i
Supreme |
09-Jun-2016 23:41
|
||||
|
x 0
x 0 Alert Admin |
Gameover..
Best of the afterworld
|
||||
| Useful To Me Not Useful To Me | |||||
|
BullRun
Elite |
09-Jun-2016 22:17
|
||||
|
x 0
x 0 Alert Admin |
I recalled it spilted 2x. 4:1 n 5:1....possibly will spilt again soon!
|
||||
| Useful To Me Not Useful To Me | |||||
|
jumpstart
Member |
09-Jun-2016 21:48
|
||||
|
x 0
x 0 Alert Admin |
Sorry, my mistake. The bonus issue in 2007 was 1 for 4 share and not 4 for 1 share.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
BullRun
Elite |
09-Jun-2016 19:51
|
||||
|
x 0
x 0 Alert Admin |
Interesting...some panic selling...some waiting to TOP up..
|
||||
| Useful To Me Not Useful To Me | |||||
|
rheng87
Member |
09-Jun-2016 19:36
|
||||
|
x 0
x 0 Alert Admin |
Finally the freefall is here that everyone is waiting for. I shall monitor a little bit more before topping up.. if all else held fix for its biz fundamental, pls drop more :D | ||||
| Useful To Me Not Useful To Me | |||||
|
BullRun
Elite |
09-Jun-2016 19:20
|
||||
|
x 0
x 0 Alert Admin |
Finally u hv a chance to top up!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
halleluyah
Supreme |
09-Jun-2016 18:33
|
||||
|
x 0
x 0 Alert Admin |
macam image of blumont....another one cityneon....
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
edwinjup
Supreme |
09-Jun-2016 18:29
|
||||
|
x 0
x 0 Alert Admin |
Monkey business here?? Tree fall monkey run ..trade with extra care... | ||||
| Useful To Me Not Useful To Me | |||||
|
jumpstart
Member |
09-Jun-2016 18:27
|
||||
|
x 0
x 0 Alert Admin |
I hope I am not wrong. I like Best World corporate governance and feel that it is an honest company. I did a check on their historical price using Yahoo Finance. In 2007 september (before bonus share of 4 for 1), the share price peaked at around $1.50. After the bonus, they still give 3.2 cents div for year 2008,even more than before stock split (div for year 2007 before stock split was 2.512 cents). They never stop giving out dividends yearly. I just bought 5,000 shares today at $1.08. If price goes lower, I may collect. Hope those who are vested do not lose sleep over this counter. Just my opinion. Pls DYODD. |
||||
| Useful To Me Not Useful To Me | |||||
|
BullRun
Elite |
09-Jun-2016 18:14
|
||||
|
x 0
x 0 Alert Admin |
The Best is Yet to Come! | ||||
| Useful To Me Not Useful To Me | |||||
|
jumpstart
Member |
09-Jun-2016 18:06
|
||||
|
x 0
x 0 Alert Admin |
Below are replies by Best World COO to sgx queries on 8 June 2016. BEST WORLD INTERNATIONAL LIMITED Company Registration No. 199006030Z RESPONSE TO SGX-ST QUERIES ON FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT FOR THE 3 MONTHS ENDED 31 MARCH 2016 The Board of Directors of Best World International Limited (&ldquo the Company&rdquo ) refers to the queries raised by Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) on the Results Announcement for the quarter ended 31 March 2016 and wishes to provide further information as follows: SGX&rsquo s queries 1. We note that gross profit margin for the Group increased marginally from 74.9% in 1Q2015 to 75.5% in 1Q2016 while Group revenue for 1Q2016 recorded a huge increase of 160.8% compared to the same period last year. The Company has provided an explanation that the increase in revenue of 1Q2016 was due to higher revenue contribution from the Group&rsquo s key markets, namely Taiwan, China and Indonesia. We also note on page 14 that Taiwan continued to achieve strong revenue growth through a successful new product launch as well as the opening of its RC in Kaohsiung in 1Q2016. In this regard, please: (i) provide detailed explanations for increase in revenue of the export orders from the China Agent (ii) provide a breakdown of the increase in the revenue attributable to new product launch (iii) provide detailed explanations for the increase in the gross profit margin and (iv) advise what is a RC. Company&rsquo s responses 1.(i) Currently we export our products into China via an importing agent which will distribute such products to the consumers in the market. The increase in revenue is as a result of increased orders from our importing agent due to increase in demand for our products in China. 1.(ii) New product launched during the grand opening day of our Kaohsiung RC. The one-day event recorded approximately 1% of Taiwan&rsquo s 1Q2016 Revenue. 1.(iii) The increase in the gross profit margin is as a result of increased contribution from our export segment. 1.(iv) A Regional Centre (&ldquo RC&rdquo ) refers to an office set up by Best World International in different parts of the markets that we operate in. Primarily it is to provide customer service to our members, serves as a showroom as well as a centre to conduct trainings for our distributors. SGX&rsquo s queries 2. We note on page 12 that Net other losses of S$1.6 million in 1Q2016 was mainly driven by losses from forward contract for hedging purposes. In this regard, please: (i) provide a breakdown of Net other losses of S$1.6 million (ii) explain the purpose of the forward contracts Company&rsquo s responses 2.(i) The Net other losses of S$1.6 million consists of loss on forward contract of approximately $729,000, net unrealized foreign exchange losses of approximately $686,000 and net realized foreign exchange losses of approximately $218,000. 2.(ii) The purpose of the foreign exchange forward contract is to hedge for trade purchases which are denominated in USD. SGX&rsquo s queries 3. We note on page 13 that (i) the total membership for the Group&rsquo s direct selling business increased 2.6% to 412,904 members when compared to 31 December 2015 and (ii) some of Lifestyle centers in some subsidiaries were closed and the number of lifestyle center decrease from 73 as at 31 December 2015 to 66 as at 31 March 2016. In this regard, please: (i) provide an explanation for the closure of some lifestyle centers and (ii) provide detailed explanations of the financial impact of the closure of the lifestyle centers and increase in numbers of membership. Company&rsquo s responses 3.(i) E-commerce has become an important tool to small and large business worldwide. In line with management objectives to expand its business through the digital space, lifestyle centres model of distributing products slowly becomes obsolete, leading to the closure of some lifestyle centres. 3.(ii) Financial impact of closure of the lifestyle centres is negligible. The number of membership refers to number of members including new members less attrition. On Behalf of the Board Huang Ban Chin Director and Chief Operating Officer 8 June 2016
|
||||
| Useful To Me Not Useful To Me | |||||
|
zandlery
Supreme |
09-Jun-2016 16:47
|
||||
|
x 0
x 0 Alert Admin |
with around 20% losses in a day.....many ppl profit been wipe out | ||||
| Useful To Me Not Useful To Me | |||||
|
bishan22
Supreme |
09-Jun-2016 16:45
|
||||
|
x 0
x 0 Alert Admin |
Just the start of a massive sell.... more to come tml as many will not keep over the weekend... |
||||
| Useful To Me Not Useful To Me | |||||
|
Just4win
Supreme |
09-Jun-2016 16:44
|
||||
|
x 0
x 0 Alert Admin |
At least u fast hand fast leg to narrow loss. Good !
|
||||
| Useful To Me Not Useful To Me | |||||
|
edriclian94
Veteran |
09-Jun-2016 16:41
|
||||
|
x 0
x 0 Alert Admin |
Took small loss at 1.09
|
||||
| Useful To Me Not Useful To Me | |||||