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Revisions

China licence a boost for Best World

Broker's Calls

China licence a boost for Best World

Benjamin Cher Published on Mon, Nov 21, 2016 / 11:41 AM GMT+8

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SINGAPORE (Nov 21): Maybank Kim Eng is remaining bullish on Best World International with a “buy” call and a target price of $2.16, after the latter won approval of its direct selling licence in China.

(See: Best World International recognised as direct selling company in China)

Analyst John Cheong notes that China is the second largest direct selling market in the world and could accelerate Best World’s future growth.