
I'm sure it will break the 52WK high and continue to move up further....and this should come soon!! By all measures, Best World is still way undervalued!!!
I agree very much with Singaporegal...
I tend to think this stock appears somewhat like an 'elitist' stock...
one that's mainly bought and held by the MLM elites/members.
This is judging by the low volumes traded.
DR's Secret Superstar (Finals) ....Don't miss it!!! | |||||||
Our top ten DR?s Secret Superstar finalists have finally emerged! Garnering top votes from the public and high marks from our panel of judges, these lovelies beat out the rest of the competition to go into our Finals on 29 July 2007. Their beauty secret is none other than DR?s Secret!
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StarLight Convention 2006!
Just ended about a month ago..look at the crowd!
http://www.bwl.com.sg/English/whatson_events.htm#
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Look like Indonesia is on track to grow 100% this year!! Fundamentals still intact, The Best is definitely Yet to Come!!
June 12 close: $1.04
SBI E2-CAPITAL, June 11
STRONG performance in Indonesia: Best World concluded its Grand Launch ceremony in Jakarta last month, showcasing a diverse range of its products, including a series of talks for its distributors. Its recently acquired halal certification for health supplements is also expected to help the group in capturing a larger market share in predominantly Muslim countries such as Indonesia, Malaysia and Brunei. So far, the signs have been encouraging with membership numbers in Indonesia up 54.5 per cent at 26,800 as of May 2007.
Regional expansion on track: China is a challenging market with an enormous potential. We understand the group has already set up a regional centre in Changsha in Hunan province as a wholly owned subsidiary with a registered capital of US$10.67 million. Its new regional centre in Hong Kong and Taiwan may also serve to support the company's expansion into China.
However, we are conscious that there may be some start-up and other promotion costs that could negate earnings in the short term.
Entry of big institutional investor: Earlier, the group revealed that one of Europe's leading asset management companies, Rothschild, in a series of open market purchases, had raised its stake in Best World to 5.4 per cent to become a substantial shareholder. We believe the entry serves as a vote of confidence in the group's long-term prospects.
Undemanding valuation: With new product rollouts in the pipeline, we are optimistic that its sales momentum will continue for the rest of FY12/07.
Maintain 'buy' with a DCF-based price target of $1.44, which imply about FY08 PER of 12x, a 25 per cent discount to its global peers' average of 16x forward P/E.
BUY
Good that it rose today. However, the price trend for the last month has been hovering around the same area.
Maybe its a long term stock?
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Awarded by DP Information Group
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BEST WORLD MAKES IT AGAIN! |
Looks like you're proven right there!...
This one may qualify to be called the "Elites' Stock" !... :)
Value Investors don't go for volumes....they look for coy with solid fundamentals, undervalued and huge growth prospects.....and Best World meets all the requirements!!!
I suppose those who are into MLM and direct selling ...
are buying up this stock with enthusiasm...
Somehow, the masses don't seem to take to MLM with relish...
hence the unimpressive volumes... :)
This is a stock for value investors and not suitable for punting...it had been that way moving up slowing with low volumes from 20c to over $1 over the last 2 years.....slow and steady. Will be happy to see it maintains in that manner for the next few years!!! The Best Is Yet to Come!!
SBI Capital new target price for Bestworld: $1.44 (11-June-07)
- Strong performance in Indonesia
- Regional expansion on track
- Entry of big institutional investor
- Undemanding valuation
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