SINGAPORE (May 11): CIMB is maintaining its “add” recommendation on Best World (BWL) after another strong quarter, beating consensus expectations by both the research house and Bloomberg.
1Q17 sales doubled, mostly driven by the strong showing in China.
“We are very positive on the strong demand in China for the group’s DR’s Secret skincare solutions and believe this will drive growth for the company over the next two years,” says Jonathan Seow in a Tuesday report.
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