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Revisions

3 things a direct selling license will allow Best World to do in China: CIMB

Broker's Calls

3 things a direct selling license will allow Best World to do in China: CIMB

Michelle Zhu Published on Mon, Jul 04, 2016 / 12:18 PM GMT+8

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SINGAPORE (July 4): CIMB Research is maintaining its "add" recommendation on Best World with a higher target price of $1.61 from its previous $1.12 price target.

(See: “Best World kept at ‘add’ by CIMB on strong 1Q showing”)

This comes after the skincare manufacturer and distributor announced last Thursday that its subsidiary, Best World (ZheJiang) Pharmaceutical Co. (BWZ), has been granted a direct selling license by China’s Ministry of Commerce.

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