Best World

[Shiyi]

SIAS has no fee-paying members. And where it gets the mandate to represent small investors is often unclear.
In fact, some aggrieved shareholders prefer to take their case on their own without SIAS involvement. Sabana Reit saga is a case in point. Hyflux is yet another.

The CEO has been on the job for more than two decades since the CLOB incident. To stay relevant, SIAS may have to move with the time and take a more active role in corporate governance.

[MOV]

Notice of compliance issued:

https://links.sgx.com/1.0.0/corporate-an...93b8faea07

- PWC to report to SGX
- scope of PWC review expand to include veracity of China sales
- independent legal opinion on franchise model
- open all accounts of Changsha Best

[brattzz]

SIAS has no fee-paying members. And where it gets the mandate to represent small investors is often unclear.
In fact, some aggrieved shareholders prefer to take their case on their own without SIAS involvement. Sabana Reit saga is a case in point. Hyflux is yet another.

The CEO has been on the job for more than two decades since the CLOB incident. To stay relevant,  SIAS may have to move with the time and take a more active role in corporate governance.

Why not put SIAS under sgxregco? More fundings and firepower! 💪💪 change the ceo too!

[dreamybear]

So, I think technically no violation of SGX rules and the key issues for BW now are the verification of China's business model/financials as well as the actual demand in China ?

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Best World's independent reviewer to report only to SGX RegCo from now
Tue, May 14, 2019 - 5:50 AM

........ Referring to the SGX rule book, the company said that Changsha Best was not an interested person, as far as the rules that govern interested person transactions (IPTs) went.

Corporate governance advocate Mak Yuen Teen told The Business Times that he is not satisfied by Best World's logic: "Unfortunately, our IPT rules are porous (and) Best World could have used a very technical interpretation of the rules as an excuse."

The SGX rulebook states that a CEO's associates would include her immediate family members; in-laws are not included ......

Analyst Low Horng Han slashed his 12-month target price for the stock from S$1.75 to S$0.47 on Monday, based on a lower multiple of five times forward earnings, instead of 12 times.

In a report on Monday titled Best World's Zero Moment of Truth, he wrote that Best World reported a weak set of first-quarter results last week, reaffirming his view that consumer interest in the group's flagship skincare brand in China trails its strong sales revenue. "We are below consensus and project earnings to decline for two consecutive years," Mr Low wrote........


More details at : https://www.businesstimes.com.sg/compani...o-from-now

[donmihaihai]

These rules are there for as Long as I remembered.any co can construct anything to avoid being IPT.

[TerryT]

Koh Kim Chuan is the sole shareholder of the primary import agent company. It is very difficult to believe, that a sole shareholder have no influence in the business...

[brattzz]

These rules are there for as Long as I remembered.any co can construct anything to avoid being IPT.

That’s true, BW will need PwC positive opinion too, that it’s not IPT, believe they have already got something going based on their replies to sgxregco...more stories to come...!

[Temperament]

"So the lesson is still if U must punt, insider's info helps a lot.

The only problem is don't know when insider's news is too late already or not accurately anymore"

Or from the beginning it is snake-oil selling?

The only problem comes true for after a few rounds of "sweet profit" for someone we know.

Whatever profits are now stucked.

I have said some stocks are "HIT & RUN" only, no second thoughts about it.

[dreamybear]

"So the lesson is still if U must punt, insider's info helps a lot.

The only problem is don't know when insider's news is too late already or not accurately anymore"

Or from the beginning it is snake-oil selling?

The only problem comes true for after a few rounds of "sweet profit" for someone we know.

Whatever profits are now stucked.

I have said some stocks are "HIT & RUN" only, no second thoughts about it.

I am just curious on this insider's info, I tried to do a search on insider but too many results returned(given BW's thread is quite big) .

May I know which post r u referring to ?

Many thanks.

[Temperament]

Post: #966

A very very simple idea.