SINGAPORE (July 20): CIMB continues to rate Best World International an “add” with higher target price of $1.70 given nearly half of 1Q17 sales for the group came from China.
In a Thursday report, analyst Jonathan Seow says, “While the group’s phenomenal earnings growth of more than 100% p.a. in FY15 and FY16 was led by Taiwan, we expect China to provide the next phase of expansion, driven by increased product acceptance and distributor penetration.”
See: Another strong earnings beat by direct-seller Best World
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