CIMB | UOB KAYHIAN |
Best World International Ltd Still pursuing its Chinese dreams
■ We hosted Best World’s (BW) management for an NDR in Hong Kong on 5 Sep. ■ Key investor questions focused on: 1) the impact of the China government’s “pyramid scheme” campaign on BW’s business, and 2) its latest expansionary developments. ■ Management stated that there was no noticeable slowdown in consumer sentiment post “pyramid scheme” campaign. Conversion to direct selling model is still underway. ■ New manufacturing plant enhances inventory management and avails BW to halal opportunities post FY18F. ■ This report marks a switch in analyst coverage on BW but we maintain our Add call.
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StarHub (STH SP) Key Takeaways From Sell-side Day
StarHub showcased its capabilities in Fixed Enterprise through its Sell-side Day held on 6 Sep 17. It reaches out to SME customers through the Go Digital initiative and adds value by providing data analytics. The revamped leadership and acquisition of Accel Systems & Technologies would strengthen growth at Fixed Enterprise Group. Maintain HOLD. Target price: S$2.62. Entry price: S$2.38.
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OCBC | |
Sheng Siong Group: Evolving grocery landscape
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Check out our compilation of Target Prices