Best World   

THE BEST IS YET TO BE

BW, the best yet to be, still waitin.......for $0.60cts px target.

 

ya....agreed! Selection of share is based on FA and forecasted future. If number are faked and future are distorted like the case of ACCS even the best financial guru can be conned!!

It is OK to end up selection company like ACCS since there is no way to avoid it and if we choose 10 companies. & end up like Hyflux and 3 end up like ACCS then the net result will be very attractive profit!!

Don't throw all your eggs into one busket! Strategy is important in stock market investment.  To date, 2G still sitting on huge profit!!

 

ACCS was also the gem 2G discovered. ACCS turned out to be a dud.

 

2G bougth into BW. To read more about them visit the following site....Hyflux is the gem they discovered, it looks like BW is going the be the next!

http://www.smartinvestor.com.sg/livingconcepts3.asp?livconid=92

 

ya.....time frame really make a huge different in the way we see things! Some say they can combine both TA and FA but I have yet to master that skill, so better stick closely to either one!

 

haha... FA and TA people have different trading time frames.

 

Sure...the FA people think it is way undervalued at current price! It should worth at least 70c now!

 But avoid it if you are a TA person. The TA says it my rebound to around 64c and then continue to correct again....the next time it correct it will most likely goes below 45c!

Share you thoughts!!

 

I would avoid this stock for now because of its low volume and its a penny stock. But this is just my TA opinion for the short term to medium term.

FA people will probably have a different view over the long term.

 

Watz de TA says bout this stock? Any buy signal yet?  

 

Closed 58c today. Just above 57c where the placement was being done. All looking good!

 

ysh2006, Don't know the exact date yet. BW need to apply from sgx before they can move to main board. Should be a problem as they already met all the requirements. Amway is trading at a PE of >15 as compared to BW forecast 06 PE of 8. BW history is much short than Amway which is the reason why I like this company. Most direct sale company have exponential growth during the first few years of operation if they are managed properly. BW have a compound profit growth of around 70% for the last 3 years. I expect an average of compounded growth of 30% for the next 3 years. That will grow BW EPS to 11.2c in 3 years. Assume a PE of 10, the FV should be around $1.12 in 3 years time. 

 

Sir;

When BW will be listed in mainboard ? I s the direct sale marketing rules  been approved in Singapore? How is this stock as compare with Malaysian listed Amway Holding?



Thanks

 

There may be internatinal funds that can only invest in company oevr certain capitalization. Moving to the main board will definitely help to improve BW profile. Also I expect BW to issue Bouse Share or Share Spilt soon to improve the liquidity. As of March, there are only aound 900 shareholders, this made it very difficult for the SSH further increase their holding even though the share look very attractive and undervalued. I believe once all this happen, the share price will move to a more reasonable level.

 

"Best World going to move to main board soon.  It was mentioned in the announcement that the main reason for doing that is to attract more funds to buy into the company. Is that reasonable? Is there funds that cannot invest in share listed on 2nd board? What are the ohther advantages of listing in the main board? Thanks."

Anyone can advise?

 

teeth53, IF they can continue to deliver, BW should be worth a lot more than 60 cents!

 

Wooww.. so many names, should cheongg..memm..to $0.60cts liao.

 

Nostradamus....just to name a few:

Morgan Stanley Asia, Royal Bank of Canada, Gay Chee Cheong, Goh Thiam Poh, Phillips Securities, Kim Eng Securities, OCBC Securities and many other held under Nominees!

 

Nostradamus, You can find the information easily from the FY06 annual report. Many big names there, I'm sure you will be able to recognise most of them as they are not Ah Beng and Ah Seng funds. Anyway, BW just made an announcemet that the 1H FY06 is going to be more favourable than its 1H FY05!! So BW management delivered again!! I believe that the HK business and Ionizer sale helped to propelled the growth. I except BW membership to grow to 100K by end FY06. With 100k membership, BW will be rated differently and I believe funds will upgrade it and buy into it more. With Taiwan and China market coming up.....the RHQ status and new products line up....I strongly believe that THE BEST IS YET TO BE!

 

Hi Stockking,

Can you tell us what are the funds holding Best World? Thanks.

 

Many funds holding Best World. Look lieke there may be some window dressing going on especially near to the end of June. All fund managers want their account book look good!