Best World   

THE BEST IS YET TO BE

looks like on a downtred after results released. Very strange compared to other companies since price normally appreciates after results followed by CD..

 

Value investors just need to sit back and relax. There should be more good news coming very soon. The Best is Yet to Come!

 

Interesting presentation slides...see China on the slides....and Australia. If successfully start business in both regions, that should build a very strong foundation for growth for many years to come!!

 

Another high....89.5!!!! The Best is Yet to Come!!!

http://www.listedcompany.com/ir/bestworld/newsroom/FY06.pdf

 

I suppose Best World will no have to pay the 100,000 distributors any CPF and yet can benefit from the 2% tax cut!!

 

Dora's big wish come true!! Corporate tax will be cut by 2%!! and the result:

"If my wish can come true, my company will enjoy better profit margin and the shareholders will eventually enjoy better returns."

The Best is Yet to Come!!

 

jackjames,

Best World will be one of my long term investment since it had been able to deliver year after year and I had been accumulating it consistently since ipo...including the time when it plunged all the way to 40+c for no reason!! I firmly believe that the best is yet to come....just look at China, Japan, Korea..............and I guess they are paying a lower div to get ready the funds for more M&A and expansions....a share placement is highly possible since there is no bonus issue as that my over dilute the eps....I just cannot find any good reason to take profit!!!

Best World's 2006 profit up 40.1%
Feb 15, 2007
The Business Times

http://ir.asia1.com.sg/bestworld/news/20070215_001.html

 

are u collecting more then?

 

15 February 2007
Best World  (BEST SP / BEST.SI, OUTPERFORM - Maintained, S$0.875, Target: S$1.15) ...by CIMB

Any profit taking by punters will be a good chance for value investors to accumulate!

 

Confused? Why the trend went down after the good new released? Hmm...volume is also low...

 

No doubts this company is good.

but, profit taking now? 0.835, hmm.. wish to collect at lower price, heard that usually people dump during chinese new year for ang pow, it applies to all the stocks though.

 

The management has expressed that FY07 will do better than FY06. So if we use 50% net profit growth or FY07 and this translate to EPS (FY07) = 10.8c. Using a PE of just 12, the target price for FY07 is $1.3! Still undervalue!

 

I think a PE of 14 based on FY07 earning per share of 9.4c is reasonable considering Best World current size, growth ability and ability to generate cashflow. That will mean a TP of $1.3 over the next 12 months. 

 

any views on how this will translate into actual share price ? Am hoping for $1 in the near term. vested.

 

Hong Kong sale surged fourfold in FY 06!!

 

Bananabooze, Yes..I'm sure they will be successful in penetrating those regions...just take a look at how much their business growth in Hong Kong in FY06!!!

 

Yups...just finish reading it. Solid profits, impressive growth in Malaysia, Singapore and particularly Indonesia.

looks promising for fy07 as well as it goes penetrating China, Japan, Korea and Taiwan. Strong buying power in those countries, and the business model will definitely work there.

Stay vested and to invest more. I would guess, this is too attractive to be ignored by Institutional Investors as well.

 

The result is in line with my expectations. All looks good and great as Best World continues with its expansion.....the best is definitely yet to come!!

 

Results are out now at

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_307A486289AF0AF6482572820035A266/$file/FY2006RESULTS.pdf?openelement

For the twelve months ended 31 December 2006 (FY2006), the Group recorded a 40.0%

increase in revenue to $77.1 million. In line with revenue growth, the Group?s net profit grew 40.1% to $11.9 million.

In line with revenue growth, gross profit went up by 39.6% to $59.9 million and represents a gross profit margin of 77.7% (FY2005: 77.9%).

Margin - 15.4%

Earnings per share - 7.9 cents.

Price at closing 87.5 cents ==> P/E 11.08

Net asset value per share - 21.77 cents

Dividends - final tax-exempt dividend of 1.3 cents per share

 

Hi Bullrun

In this case, I shall keep this counter till Budget 07 then take action. Cheers!