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China business to fuel Best World's growth in 2018

Samantha Chiew
Samantha Chiew2/28/2018 11:50 AM GMT+08  • 2 min read
China business to fuel Best World's growth in 2018
SINGAPORE (Feb 28): CIMB is upgrading its call on Best World to “add” from “hold” previously with an increased target price of $1.70.
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SINGAPORE (Feb 28): CIMB is upgrading its call on Best World to “add” from “hold” previously with an increased target price of $1.70.

This came on the back of the group announcing that its 4Q17 earnings almost doubled to $21.8 million from $12.3 million in 4Q16 on higher revenue.

Revenue was 19.8% higher y-o-y at $74.1 million from $61.8 million previously, mainly due to improved sales from China, with Chinese export agents pre-stocking three to six months worth of orders ahead of the long Chinese New Year holidays.

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