Best World

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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

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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 !

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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.

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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:

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20 May 2018 09:52 - 20 May 2018 09:54 #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 no. 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: 20 May 2018 09:54 by pine.

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