direct selling

Update

Best World files defamation suit against short seller Bonitas; calls to lift trading halt following 1Q results release

SINGAPORE (May 9): Best World has issued a statement that says it “strongly refutes” an April 24

In print this week

Best World's and Beauty Community's high-margin MLM model draws investor interest

SINGAPORE (Dec 3): Best World International, which sells a little-known brand of skincare through a multi-level marketing (MLM) scheme, saw its share price rocket from just $1.21 on Aug 21 to $2.27

Broker's Calls

Best World's stellar FY17 earnings are but a prelude to the better year ahead, says Maybank

SINGAPORE (Feb 27): Maybank Kim Eng is maintaining its “buy” call on Best World International with a 10% higher price target of $2.06 compared to $1.88 previously after raising FY18-19 earnings per

Results

Best World sees near doubling of 4Q earnings to $21.8 mil on higher revenue

SINGAPORE (Feb 26): Best World International, the direct seller of skincare and wellness products, has reported earnings of $21.8 million for the 4Q ended Dec 2017, up 77.2% from $12.3 million in 4

Broker's Calls

Best World unfazed by pyramid crackdown in China but strategy change in Taiwan pulls it down

SINGAPORE (Nov 10): Best World on Wednesday announced its 3Q17 earnings increased 36.4% to $12.2 million from $8.9 million a year ago, on lower expenses.

Global Markets

Best World says pyramid scheme crackdown has little to no impact on China business

SINGAPORE (Aug 15): Best World International has issued a statement to address potential investor concerns regarding market concerns arising from China’s State Administration for Industry & Com

Herbalife, Nu Skin shares plunge over fears of Chinese crackdown

NEW YORK (Aug 15): Shares of Herbalife, Nu Skin Enterprises and USANA Health Sciences tumbled on Monday over concerns that Chinese regulators will crack down on the companies’ marketing practices.

Results

Best World posts 63% rise in 1H earnings to $21.7 mil, raises dividend payout to 40%

SINGAPORE (Aug 7): Best World International announced earnings of $21.7 million for the 1H17 ended June, surging 62.7% from $13.3 million in earnings reported in 1H16 on higher revenue and lower di

Broker's Calls

Stellar 3Q profit secures another record year for Best World

SINGAPORE (Nov 7): CIMB is reiterating its “add” call on Best World with a higher target price of $2.21 from $2.05 previously, after the direct-selling company posted 3Q earnings of $8.9 million, w

Results

Best World’s 3Q earnings more than double to $8.9 mil

SINGAPORE (Nov 4): Direct-selling company Best World reported 3Q earnings more than doubled to $8.9 million from a year ago from higher sales from direct selling.

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