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Her earnings grew from $5k a year to $500k a year!
Irene Ng, 43, almost lost her apartment in 2000 when she could not keep up with the mortgage payments.
Her problems started when her business venture, a retail outlet, turned into a money-losing disaster. But Ms Ng took a leap of faith by stocking products of mainboard-listed direct-selling firm Best World Lifestyle at her shop. She later joined the firm as a part-time consultant.
The move helped her pull through the crisis, and keep her apartment. She now earns $500,000 a year and has paid off the $100,000 debt from her business.
Read the rest of the story here....
http://news.asiaone.com/News/The%2BStraits%2BTimes/Story/Her%2Bearnings%2Bgrew%2Bfrom%2B%25245k%2Ba%2Byear%2Bto%2B%2524500k%2Ba%2Byear.html
Read today Sunday Times to see how Best World changed the life of one of its distributor. How her annual pay increase from $5000 to $500,000! The best is yet to come for her and all Best World shareholders!!
The building of the distribution channel in China already started early this year! There should be more updates in the coming August result announcement. In addition to that, updates on Nigeria and Australia will be interesting!
Extract from CIMB-GK latest report:
A viable consumer distribution channel is not as simple to build as a factory. Chinese consumption companies are easily trading at double the valuations of Best World. We believe that if Best World succeeds in building its China direct selling model, it would own a valuable distribution channel and valuation multiples would justifiably head up
If the growth and expansions can continue for the next few years, Best World is set to be a well known company worldwide. I'm seeing a Singapore MNC in the making....
good to hold for long term with cpf. Vested
gacl21,
You can get a copy of the latest CIMB report in CIMB-GK website - Research section.
"Accelerating China roll-out.
in 2008, but is now sparing no efforts in getting it up-and-running as soon as possible.
We understand that a team of 20 has already been hired. Management is
accelerating its rollout because it intends to make use of a recent franchise licence
law passed in May 06. Under this rule, direct selling companies which can show a
credible example of their store set-up will be allowed to recruit people to set up points
of sale. This would enable them to start functioning as a direct seller immediately."
Can anyone advise me where to get the coverage report? Not sure if SGX research has it....
CIMB-GK New Target Price for BestWorld: $1.65
Best World ? Enter the dragon
As the race heats up for direct selling companies in China to establish their presence, Best World has been very focused on getting its direct selling platform in China ready this year. We have shaved our FY07 EPS estimate by 4% on set-up costs in China. On the other hand, we have increased our target price from S$1.15 (12.0x CY07 P/E) to S$1.65 (13.6x CY08 P/E) partly as we roll forward our target basis to CY08 and partly to account for higher market multiples. We see current valuations as still attractive. Maintain Outperform.
Inspite of the fact that Rothchild is a SSH of Best World....Many people still have the impression that this stock appears somewhat like an 'elitist' stock... one that's mainly bought and held by the MLM elites/members...
Today announcement has proven them wrong....in fact if you look at the FY06 annual report, there are other funds like SBI E2-Capital.....Phillip .....Asdew......
Take a 2nd look at this gem again.....I my opinion, it is still way undervalued!! and THE BEST IS YET TO COME!!
UBS AG bought Best World shares - Open Market Purchase!
Date of change of Interest 06-07-2007
2. Name of Registered Holder UBS AG
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase
# Please specify details UBS AG holds 11,242,000 shares in Best World International Ltd on behalf of various prime brokerage clients.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change 3,123,000
As a percentage of issued share capital 1.89 %
No. of Shares which are subject of this notice 8,119,000
As a percentage of issued share capital 4.92 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1.21656
No. of Shares held after the change 11,242,000
As a percentage of issued share capital 6.81 %
Here's the link to the announcement:
http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/5b81db8eda4c923d48257314002ec252?OpenDocument
THE BEST IS YET TO COME!!!
Date of change of Interest 06-07-2007
2. Name of Registered Holder UBS AG
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase
# Please specify details UBS AG holds 11,242,000 shares in Best World International Ltd on behalf of various prime brokerage clients.
4. Information relating to shares held in the name of the Registered Holder
No. of Shares held before the change 3,123,000
As a percentage of issued share capital 1.89 %
No. of Shares which are subject of this notice 8,119,000
As a percentage of issued share capital 4.92 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 1.21656
No. of Shares held after the change 11,242,000
As a percentage of issued share capital 6.81 %
Here's the link to the announcement:
http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/5b81db8eda4c923d48257314002ec252?OpenDocument
THE BEST IS YET TO COME!!!
1. Date of change of Interest 06-07-2007
2. Name of Registered Holder UBS AG
3. Circumstance(s) giving rise to the interest or change in interest
Open Market Purchase
# Please specify details :
UBS AG holds 11,242,000 shares in Best World International Ltd on behalf of various prime brokerage clients.
Taking a slightly longer time than last year...humm...business is getting bigger and networks is expanding rapidly too!! or could it be that they need more time to work on some bonus issue/stock split? The best is yet to come!
Date of Release of 2007 Half Year Financial Results
The Board of Directors of Best World International Limited wishes to announce that the Company will be releasing its 2007 Half Year Results for the - six months ended 30 June 2007 on Monday, 6 August 2007, after trading hours.
Submitted by Huang Ban Chin, Director to SGX on 9 July 2007.
The Board of Directors of Best World International Limited wishes to announce that the Company will be releasing its 2007 Half Year Results for the - six months ended 30 June 2007 on Monday, 6 August 2007, after trading hours.
Submitted by Huang Ban Chin, Director to SGX on 9 July 2007.
New high $1.30! Will be broken soon!
going up pretty aggresively recently..however the latest charts show a black candle...indication it may take a breather and a break...will dip down slightly
scotty, I'm vested heavily in this counter. Best World is a gem and is current still way undervalued at $1.25. The BEST is definitely yet to come for Best World.
More action coming...the Best is yet to come!
This is what I agree with Bullrun... :)
If a stock is going up, it will... another example is Starhub...
textbook volume or not... 