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Best World still low volume... not too good for TA
It claimed its negative ionizer offers comfort from haze.
Full CIMB-GK report here.
It is higher after CIMB-GK said it was keeping its "outperform" rating for the stock because of the firm's expansion. CIMB-GK is keeping its target price of $0.90, saying that the stock offers an attractive yield.
"In our recent update with management, we came away assured that Best's regional expansion and new product line-up are relatively on track," CIMB-GK said in a note.
It said that the company's penetration of Taiwan and Hong Kong and the launch of a car ionizer would enable Best World to attain growth of 32% in its earnings per share next year.