Many listed companies face challenges, but Best World is one of the very few which are less likely to contend with headwinds. Its 3Q results are stunning. S$22.3 mio net profit. +248% year on year. This suggests that the recent recovery in stock price to $1.50 can continue.
$1.39 now, after a long period of consolidation for profit-takers.
Don't think Best World is overvalued. Market cap $377 m.
Earnings for 9M 2016 was $22.3 million. Guess full year $30 million.
So the PE is.....only 12.5 X.
Expensive? Nah. It's the expected jump in profits in 2017 that we should look to when Best World goes into full swing as a direct seller in the China.