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Revisions

Shares of Best World up 7 cents as CLSA starts coverage

Broker's Calls

Shares of Best World up 7 cents as CLSA starts coverage

PC Lee Published on Mon, Jan 16, 2017 / 11:01 AM GMT+8

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SINGAPORE (Jan 16): CLSA is starting coverage of Best World with a target price of $2.50.

CLSA says Best World, the direct-selling company focusing on premium skin care, is well established outside of Singapore although the investment merits are not fully appreciated.

Despite its share price having rallied 480% over the past one year, the stock remains undervalued versus regional peers.

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