Best World

An under research coy......

Best World is the best-performing stock on SGX this year.

Maybank:

1. we expect FY16E earnings to reach a record high with 180% YoY growth.

2. Strong growth in BEST’s largest market, Taiwan, should continue as it reaches inflection point, after years of nurturing.

3. Recent approval of China license will support rapid expansion.

BEST trades at 45% discount to peers’ FY17E P/E despite having the highest EPS growth. Initiate BUY with SGD2.63 TP.

factsetpdf.maybank-ke.com/PDF/32977_CN__...b583eecafe2b8b74.pdf ?

What will happen after bonus issue?

BWI goes ex-bonus tomorrow. Theoretical start price is $1.50. It may attract shorties who think this stock has gapped down.

Storties panic covering today.

Interesting to see this price list showing whole range of products (& prices) of Best World. Info is as of April 2016.