Best World   

THE BEST IS YET TO BE

I expect some wise comment as your nick name suggests.

 

zhuge_liang      ( Date: 19-Jul-2008 22:53) Posted: humm... has only very, very long term to look forward to... PLUNGED from $1.2+ to $0.43!!! After dropping $0.8+++++, SELL PRESSURE still remains HIGH!! DROPPED by 2/3!!!

 

humm... has only very, very long term to look forward to...

PLUNGED from $1.2+ to $0.43!!! After dropping $0.8+++++, SELL PRESSURE still remains HIGH!! DROPPED by 2/3!!!  

 

Just 16 lots only for the whole day!!!  Best World continue to be dead!!!

 

Market rebounded strongly!!

BUT Best World continue to be dead!!!

Look at the beautiful chart below. The dashed lines show the days when volumes were ZERO. See  the anaemic volume at the bottom. Close to ZERO for most of the 4 months!!!

 

found this at: http://www.nextinsight.com.sg/content/view/409/60/

 

ZERO volume

 

It's the percentage fall. Selling pressure still there. May break previous low of $0.43.

 

C'mon.... 1 lot done at $0.465 considered as plunged?

In fact i pity the person who threw that lot, hoping the buyer to mop his shares.

Cannot hold just sell... pple are waiting....

 

Best World plunged to as low as $0.465 today.

 

the mood is positive at Wallstraits where dydx is the champion for Best World: http://www.wallstraits.com/wsforum/showthread.php?tid=832&pid=10033#pid10033

 

 

Best World unable to rise above $0.53. RSI is overbought and has turned downwards, indicating it's starting another bearish leg. Not only is the best over, the worst is yet to come!

 

Haha.. good one... Hehehe

hotstock      ( Date: 27-Jun-2008 16:27) Posted: I would say the best is over... do not read too much into

 

I would say the best is over... do not read too much into

 

Any takers at current ask price of 52.5 cents?

 

Target price 70 cents maybe... but not in the short term.

 

you are back !!!! yupe, colourful pictures posting is your style.. not bad !!! with price now is definitelz an attractive price to enter to taste the water°°°°°°

 

BEST WORLD: Riedel Research's target price 70 cents.

Written by Leong Chan Teik

Tuesday, 17 June 2008

RIEDEL RESEARCH has derived a new fair value for Best World of 83 cents, down from $1.03. But it upgraded the stock from a ‘hold’ to a ‘buy’ because of its cheap valuation and because of the ‘high potential upside” of China’s market. June 10 report of Riedel puts fair value of 83 cents, before a discount on its illiquidity. Riedel did so after cutting its net profit forecast of Best World by 14% and 16% for 2008 and 2009, respectively. Riedel now forecast S$15.4 million and S$19.0 million net profit, which translate into 14% and 23% earnings growth, in 2008 and 2009, respectively. Riedel's revisions were prompted by its concern over possible decreased consumer spending in Indonesia and Malaysia as a result of escalating oil prices. These two countries accounted for 70% of Best World's revenue last year. In a June 10 report, Riedel said it applied a 15% discount to its 83-cent fair value because Best World’s stock is illiquid to arrive at a target price of 70 cents. The stock recently traded at 48 cents. ”Upside is 41%. We upgrade recommendation from HOLD to BUY because of the high potential upside and the price catalyst from its future activity in China,” wrote Rieldel analyst Chew Boon Leong. ”China is BWL’s ace card for future growth.” CEO Dora Hoan & chairman Doreen Tan bought 100,000 shares each on June 6. Photo: annual report BWL announced last December its plan to acquire a 51% interest in Nanjing Joymain Sci and Tech Development Co Ltd, which essentially owns a direct selling license for the Jiangsu province with 16 product licenses, and a manufacturing facility, according to BWL management. BWL will merge its own 16 health food licenses with Joymain’s, emerging with 32 licenses. BWL expects to obtain approval from the Ministry of Commerce for the change in ownership of the direct selling license and the transfer of product licenses by earliest August 2008, instead of July 2008. Riedel’s Boon Leong noted that BWL traded at an average historical PE (historical price/historical same year earnings) of 11.8x over the past three years when EPS CAGR was 30%. ”It now trades at PE of 6.7x and 5.4x based on our reduced 2008 and 2009 earnings. The share is trading at a 50% discount to its global peers in the direct selling industry. This discount partially reflects its small market capitalization.” Daiwa’s 88-cent target Four days before Riedel’s report, Daiwa Institute of Research senior investment analyst Chris Sanda issued a report on Best World, saying:  “At this price, it is an attractive value stock and growth stock, in our view. ”Best World has good upside potential through its recent expansion into the PRC market, which has obvious market potential, in our view.” His target price: 88 cents.

 

My aplologies to Zhuge Liang.

Yes, if you take the into account of the high of $1.16 after XB. But if you look at the trade, how many done at $1.16 (if i remembered correctly, was around 3 lots)? In fact most of the trades were done in the range of $1.00 - $1.04.

That is why i came to a percentage of 50% range.

 Nevertheless, the chart posted did not take into consideration of the bonus share.

Not an inducement to buy or sell. Do you own research.

 

 

Best World informed Daiwa that an institutional investor called the company to warn that it wanted to sell out of its share position. Apparently, the investor sold 550,000 shares on the open market, rather than do a block trade.

On 24/9/07, Best World was $1.24. The next day it went XB, gapping down and with highest and lowest prices of $1.16 and $1.00. One bonus share was issued for 4 existing shares. This means that the price would drop 20%. The actual drop was 0.24/1.24 x 100% = 19.4%. So the chart does take into consideration the bonus share. So the XB price drop was (1.16-0.43)/1.16 x 100% = 62.9%. This is nearly a 2/3 drop.

Scorpio1976      ( Date: 15-Jun-2008 02:39) Posted: No doubt that Bestworld price has been subjected to selling for the past months. Well it happens to most counters. Bestworld will be no exception. Prior to that, it has been quite resilent, till lately. The consolation is that there is no sign of big investor dumping. Well the chart below does not take into consideration of the bonus share. In fact price has dropped about 1/2 instead of the 2/3. I'm not too concern abt inflation, i'm more concern abt margin. For me, price has come to a favourable entry. Shall wait for the fearful to throw at a lower price.

 

Riedel Research has a new report on Best World. 
U agree with article at www.nextinsight.com.sg?