While noting that Best World’s efforts in raising brand awareness and product acceptance in the Chinese market are “beginning to bear fruit”, Ling believes there is multi-year growth potential for the group beyond China with several untapped opportunities offered by several other markets.
SINGAPORE (May 22): DBS Vickers Securities continues to rate Best World International at “buy” with an adjusted target price of $1.65 after hosting the developer, manufacturer and distributor of skincare and wellness products’ non-deal roadshow (NDR) in Hong Kong over May 18-19 last week.
In a Monday report, analyst Ling Lee Keng recalls that most funds at the roadshow were new to Best World, although some were already familiar with the industry and operating environment.
