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Be greedy when other are fearful....
lotustpsll wrote: Share price corrected again due to SGX query and restriction placed by UOB on the stock trading.
As shown in the past occasions, Best World’s share price kept on rebounding back and headed higher. In my view this temporary setback will soon pass and the catalyst will be the impending full year results due later this month.
Unless the results are below expectation (this is unlikely), the momentum of the price trend will continue to be positive.
I find it strange that some Securities Houses are placing trading restrictions (Philip Securities, UOB), whilst others have issued “Buy” ratings. The division here is rather startling.
Best World is a home grown business, established over 25 years ago. Surely a quick check on its website will confirm this fact. As I have said before, BW is no Blumont or Lionsgold. Just as its share price has risen strongly over the past 12 months, does this warrant a trading restriction or repeated query from SGX?.
Fundamentally, in my view, its share price is driven by its exciting growth profile; the icing on the cake now is the granting of a MLM licence in China. I guess the best defence for the Group is to report a solid FY16 performance - this should silent its critics and to reward the Research Houses who stood by them.
This correction allows BW to build a new solid base getting it ready to test another new high....
pine wrote: One of the few local houses that don't cover Best World is UOB KH.
It has placed BW on its restricted trading list.
It doesn't make sense for UOB to do so.
|Best World Int.||1.360||-|
|Eagle HTrust USD||0.660||-|
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