Best World International *Official* (SGX: CGN)

[JW2015]

anyone looking into this counter?
yesterday it shoot 10%.


(Updated content ~ below)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Promoting awareness.

“The Group’s business in China continued to exhibit consistent growth in FY2015, with revenue up by 52.3% to hit $19.8 million, due to higher export orders from our China agent. Looking ahead, we will step up our marketing efforts to increase brand awareness and continue to introduce new products for the Manufacturing/Wholesale segment in 2016. Our application for a Direct Selling license in China is proceeding on schedule and we are moving closer to reaching our target of becoming a licensed Direct Selling company to capitalise on the huge market potential.”

Dividend for May is 0.15 cents (total for FY2015 = 0.20 cents, FY2014 = 0.08 cents)
Payout Ratio (last 3years) = 43%

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

 

[sanzhu]

Better sell

This stock is mlm

Sure is insider trading

 

[wahkao3]

nid to TA and FA before buying

 

[Shion]

penny stock ? speculative ?

i avoid

 

[hellclown]

vested since late last year..

 

[JW2015]

vested since late last year..

What made you buy it?
Is it the business model, price movement, etcs

 

[hellclown]

Business momentum, key management experience, upcoming china catalyst, revenue transparency, high cash and cash equivelent due to management expereince and margin of safety.. u vested?

 

[hellclown]

simply marvellous set of FY results

 

[wahkao3]

Best World can buy? buy liao can huat? (SGX: 5ER)

Best World can buy? buy liao can huat? (SGX: 5ER)


I was looking at best world and like to ask if can buy? and buy liao can huat or not?

 

[wahkao3]

...............

Perisher wrote:
I'm not shifu but here's a little information I dig up.

Best World International Limited SGX:5ER

Looks good...

Cashflow quite strong.
Asset-light business model.
A turnaround company which improve since 2011.
Cash Rich too.
Year on year Best World International Ltd grew revenues 83.21% from 41.08m to 75.27m while net income improved 183.69% from 1.43m to 4.05m.

http://markets.ft.com/research/Marke...ials?s=5ER:SES

Also saw this.
Gross margin has stayed above 75% and operating cash flow has been positive for each of the past 10 years.

Quarterly result here.
http://www.bestworld.com.sg/ir-quarterly-results.html

Best world's business seems like MLM though... they have approximately 403,000 independent distributors and members in the 10 markets we operate in.

Core business specializes in the development, manufacture and distribution of premium skincare, personal care, nutritional and wellness products.

http://www.bestworld.com.sg/overview.html

Not my cup of tea...

 

[wahkao3]

...........................

Found some things which might be kinda interesting...

Point no.1: Administrative expenses
In FY14, employee benefits expense including directors stands at $12,469,000 while the net profit for the year is $4,069,000. This means that for every dollar of profit generated, the company pays its $3.06. So this raises the qns over whether the coy is paying its employees too much or not.

Point no.2: Recording of financial asset in FY15.
The coy was queried by SGX over its recording of financial asset of $1.99m (http://bestworld.listedcompany.com/newsroom/20160311_220651_5ER_YYSVR87ZODVJZ6CT.1.pdf)
Looking at the proforma CFS, I found it weird because how did the company manage to pay $559k for financial assets (investment in debt security with maturity of less than 4 years, and yield of 4.8%) valued at $1.99m? I'll be interested to see how the company explains its accounting policy for determining the fair value of the asset...

 

[agent_719]

Only the best know best

 

[SeVenn]

Lol, I became aware of this company after attending the recent health expo at Suntec. Promoter mentioned that they've been listed for a long time. Looked them up and found that they were giving a healthy 5% div.

In the end decided not to buy because I wasn't sure how stable their business is. Now burst liao. Oh well

 

[lbs]

#3 post... pro analysis

 

[spiritGate]

Wahkao master say like this liao means buyyy

Sent from sent from gagt using GAGT

 

[JW2015]

Towards 48cents today?

 

[wahkao3]

can buy???????? buy liao can huat?

 

[hellclown]

can buy???????? buy liao can huat?

short it......

 

[JW2015]

can buy???????? buy liao can huat?

You are the master.
But I see the volume is there

 

[hellclown]

You are the master.
But I see the volume is there

must encourage him to short it then can huat more LOL