In a Monday report, analyst John Cheong echoes the direct selling company’s management belief that China’s marketing practices crackdown will have minimal impact on the company’s earnings performance.
SINGAPORE (Aug 23): Maybank Kim Eng is maintaining its “buy” call on Best World International with an unchanged price target of $1.88, which is pegged to 19 times FY18E earnings per share (EPS) estimate of 9.9 cents.
The research house is forecasting total sales of $303 million for FY18E, which translates to a core P/E of 12.1 times and P/BV of 3.9 times.
