Best World

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04 Dec 2018 21:30 #24590 by Kapitan
Replied by Kapitan on topic Best World
The past week, the institutions were accumulating Best World again, taking the shares from the hands of retail investors.

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06 Jan 2019 14:18 #24615 by BNN
Replied by BNN on topic Best World
Best World shot up nearly 100% in 2018. Currently, $2.73. Is it overvalued?

In 3Q2018, its revenue was $92 million. Let's assume a little growth (among several assumptions) and round it up to $100 million, giving $400 million revenue for the next 12 months.

assume net margin of 25%, then EPS becomes 18 cents.

PE valuation = $2.73 divided by 18 cents
= 15X.

For a high-growth biz, I wouldn't consider PE of 15x to be expensive.

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14 Jan 2019 09:52 #24630 by BNN
Replied by BNN on topic Best World
On several occasions, traders have figured that BW was ripe for shorting. My friends' shares were borrowed from CDP and Phillip Securities by these traders. The fact is, shortists have made little money or even lost a lot because the share price has been resilient. No doubt, shortists will try again and again. Good luck!

If BW's 4Q results to be released in probably 3-5 weeks time are excellent, the share price will head towards $3.00. If the results are below market expectations, then shortists will swarm in and knock it down.

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18 Feb 2019 22:15 - 18 Feb 2019 22:29 #24671 by Val
Replied by Val on topic Best World
Some shortists got a hongbao today by covering early, others will get a whacking because the trading halt prevented them from covering their shorts. Just have to wait for SGX to buy-in (and this can be costly as the buy-in price depends on the market price + a premium)

About 1.2 million BW shares were shorts. SGX source:

api2.sgx.com/sites/default/files/reports...Sell201902181815.txt
Last edit: 18 Feb 2019 22:29 by Val.

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