Awful 3Q results - this stock is gonna suffer another round of being ignored by the market while many recovery stories woo money away. It doesnt help when Best World does a share buy back like it did today , which is half-hearted, buying a mere 50 lots at 29 cents.
If I remember correctly, this company is celebrating its 20th or 25th anniversary this year. The financial performance is nothing to celebrate. What happened to the much better years when they were reporting S$10++ net profit. This year looks like gonna be a no-significant profit year but will 2011 be a multi-bagger becos of very low base?
2010 will be their 20th anniversary.
I believe the management will give a good dividend for the final year announcement. They have already rewarded the shareholders with a bonus warrant.
But earnings look to remain weak, unless the Indo market improves.
Seem to be doing well in Thailand, Vietnam and Taiwan......but it will take times for these regions to grow enough to cover the loss in market share in Malaysia and Indonesia. Don't think there will be any more goodies since they don't even do share buy-back.
