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Revisions

Best World International continues to shine

Broker's Calls

Best World International continues to shine

Benjamin Cher Published on Tue, Sep 27, 2016 / 5:09 PM GMT+8

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A+

SINGAPORE (27 Sept): CIMB is maintaining its “add” call for Best World International and raising its target price to $2.05 from $1.56, on the back of strong growth.

The company’s growth has been driven by Taiwan, where sales have grown 276% year-on-year in 1H16, notes analyst Jonathan Seow in a Sunday report.

Key drivers for this growth include a new lifestyle centre in Kaohsiung, increased product acceptance, and its new online store.