Why do you believe that Best World is a great pick for 2013, mr gangho?
One should be looking at whether the business is gaining strength and if it's moving forward. So far only the 4Q12 result is encouraging.
The business has been in the dumps for 3-4 years, taking the stock down with it. It needs a rejuvenated slate of killer products, a more engaged management, a maturing of markets, etc.
gangho wrote: Thanks for sharing. Interestingly after checking its announcement last 6 mths, I saw that Best World has sold 2 properties on 25 Jan 13. It would realize a gain of $1.8m in 1Q2013 and increase its NTA by 1 cts. Is this coincidental?
--> U are right! The $1.8 m saved Best World from another quarter of losses. Its reported profit for 1Q2013 was nearly S$1 million. Not too encouraging.
Flat performance. Surprised that they still think that subsequent quarter financial will be better. What make them so confidence or they simply painting a nice picture?
Bestworld wrote: Flat performance. Surprised that they still think that subsequent quarter financial will be better. What make them so confidence or they simply painting a nice picture?
Yes, mgt tone is positive and they even hinted about inorganic growth..M&A may happen. I am positive since Taiwan seems to be entering in strong growth. Relocation of lifestyle centre to mkt street is a good move to attract its customers who are mainly office workers......
Sayonara to the warrants. They will expire without anyone converting them. The overhang of the dilution will vapourise and, like Bestworld reckons, there is a good chance for the stock price to rise after that. However, the management has to deliver more interesting results than the weak stuff of the past years.
