Best World

More
09 Dec 2017 14:42 #24168 by Big Fish
Replied by Big Fish on topic Best World
Nu Skin achieved a direct selling licence many years earlier than Best World.
It put out a FAQ which looks interesting and even similar/relevant in many respects to BW.

www.nuskin.com/ns/sg/images/netx/China%20FAQ%20Eng.pdf

Please Log in or Create an account to join the conversation.

More
17 Mar 2018 07:52 #24303 by pine
Replied by pine on topic Best World
The Fool has just analysed Best World's financial performance of the past few years.

A Deep Dive into Best World International Limited, One of the 30 Best Stocks in Singapore for 2018

www.fool.sg/2018/02/06/a-deep-dive-into-...-singapore-for-2018/


Conclusion: Best World is one of the best 30 stocks to invest in !

Please Log in or Create an account to join the conversation.

More
14 May 2018 20:36 #24360 by Big Fish
Replied by Big Fish on topic Best World
Best World's 1Q results:

1. China's "export segment": Instead of being minimal contribution as guided in annual report, there was a surprise S$6.8 million.

Wow! Shows how strong demand is.

2. Taiwan was bad. Declined 35%.

3. Indonesia looks like an emerging star. Up 105% from low base of S$1.1 million.

Please Log in or Create an account to join the conversation.

More
15 May 2018 21:27 #24362 by admin2
Replied by admin2 on topic Best World
Best World briefing : Chief Operating Officer Huang Ban Chin explained in detail the conversion of "export" model to "China wholesale" model.

Actual sales in China was very good in 1Q2018. Thumbs up!
Attachments:

Please Log in or Create an account to join the conversation.

More
20 May 2018 09:52 - 26 May 2018 21:35 #24368 by pine
Replied by pine on topic Best World
I read in Valuebuddies some comments and think that the missing piece in the poster's understanding is as follows:

1. Best World has a number of SKUs sold in China. Each has an import licence and an import agent.

2. When BW converts from "export" model to "China wholesale" model, the import agent changes to BW subsidiary (ie BW China Pharmaceutical).

3. About S$6m of "export" revenue was recognised fr China (to replenish fast-depleting inventory of certain SKU). This means the SKU(s) went through the previous agent, not BW China Pharmaceutical.

The previous agent has yet to be permanently replaced by BW China Pharmaceutical for those SKU(s). Once the licence has been switched to BWCP, the "export" revenue model for those SKUs will not apply anymore.
Last edit: 26 May 2018 21:35 by pine.

Please Log in or Create an account to join the conversation.

More
26 May 2018 21:40 - 26 May 2018 21:41 #24371 by pine
Replied by pine on topic Best World
Another post in VB suggests that the true China revenue is much lower. The post is erroneous.

The post takes 'export revenue' in 4Q17 and 1Q18 and totals them up. Then divide it to get an average figure for each of the two quarters.

This is erroneous as it has not recognised that BW is stocking up in 1Q and 2Q18 under its "China Wholesale" business model.Under this model, the revenue is not recognised upon export from Singapore but only upon sale to consumers by BW subsidiary.

You can see this is clearly the case if you understand the change in revenue recognition from export model to "wholesale" model.

The 1Q18 export revenue was not the usual stocking up for the 2Q sales.

It was actually just to replenish the faster-than-expected depletion of export agent's inventory for certain SKUs of the Dr's Secret range.
Last edit: 26 May 2018 21:41 by pine.

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings0.805-0.025
Alliance Mineral0.250-0.015
AusGroup0.037-0.002
Avi-Tech Electronics0.330-0.005
Best World Int.1.410-0.010
China Sunsine0.985-0.015
DISA Limited0.005-
Dutech Holdings0.245-0.005
Federal Int. (2000)0.240-
Food Empire0.535-0.010
Geo Energy0.225-0.010
Golden Energy0.255-
GSS Energy0.112-0.004
Heeton Holdings0.5200.005
ISOTeam0.245-
KSH Holdings0.560-
Lian Beng Group0.480-0.005
Miyoshi0.049-0.006
Nordic Group0.450-
Oxley Holdings0.310-
REX International0.106-0.001
Riverstone1.200-
Roxy-Pacific0.390-
Serial System0.082-0.003
Sing Holdings0.390-
Sino Grandness0.197-0.001
Straco Corp.0.715-0.005
Sunningdale Tech1.360-0.020
Sunpower Group0.535-0.010
The Trendlines0.108-
Tiong Seng0.300-
Trek 2000 Int.0.114-
Uni-Asia Group1.2700.020
XMH Holdings0.200-
Yangzijiang Shipbldg1.240-0.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1812 guests and no members online