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Best World kept at 'add' by CIMB on strong China sales growth

Samantha Chiew
Samantha Chiew7/20/2017 11:57 AM GMT+08  • 2 min read
Best World kept at 'add' by CIMB on strong China sales growth
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.
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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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