Best World

[Boon]

Article 7 Anyone applying for becoming a direct selling company shall meet the following requirements:

1. The investor shall have sound business credit, and has no records of serious illegal operation during the past five years before filing the application; a foreign investor shall also have undertaken direct selling business for at least three years outside China;

2. The paid-in registered capital is no less than RMB 80 million Yuan;

3. The deposit has been paid in full amount in the designated bank according to the provisions of the present Regulation; and

4. The system of information reporting and disclosure as required has been established.

RMB 80mil Yuan was met via injection of $9mil SGD.

http://www.lehmanlaw.com/resource-centre...age-1.html

But is namralk's example considered a serious illegal operation? In any regard, I've forwarded to Best World's IR to seek their views.

bonus faq: http://www.lehmanlaw.com/resource-centre...china.html

Interestingly - SolidGold did sue the Hangzhou Health Department over the fake propolis (蜂胶) scandal - claiming itself to be a victim as well - as the fake ingredients were supplied to them by the real culprit - a company in Henan province.

My guess is BWI would have had discovered this during the DD process.

Would this affect BWI's DS license application? I think it is of anybody's guess - this happen slightly less than 4 years ago (i.e. still within the 5-year-period) but the Management is of the opinion that they are ready to put in the DS license application - presumably, they think it would not affect the application.

http://www.foods1.com/content/1331597/

(vested)

[idyllic_yawster]

Well, I am still optimistic.

I forwarded this question to Mr. Ben Soh of Best World, and he said Best World is on track in getting their direct selling license.

[Boon]

http://infopub.sgx.com/FileOpen/_FORM%20...eID=318663

COO buying another 100,000 shares at SGD 0.1983 per share.

(vested)

[idyllic_yawster]

Rather happy with its recent results.

http://infopub.sgx.com/FileOpen/BWG%20Q3...eID=323152

Possible turnaround in play!

Barring any unforeseen circumstances, Management expects overall results for the Group to be positive for the remaining months of FY2014, especially with regards to performance coming from the Group’s China, Taiwan and Philippines subsidiaries.

[Life is a game]

Rather happy with its recent results.

http://infopub.sgx.com/FileOpen/BWG%20Q3...eID=323152

Possible turnaround in play!

Barring any unforeseen circumstances, Management expects overall results for the Group to be positive for the remaining months of FY2014, especially with regards to performance coming from the Group’s China, Taiwan and Philippines subsidiaries.

I am happy with the results too!! Hope this will generate positive market response.

[kelvesy]

The approval of their China license would be abother booster.

[Life is a game]

The approval of their China license would be abother booster.

Yup if the license is approved, the sky is the limit already.

[greengiraffe]

i can never forget how they fell from grace. still a mlm model ...

odd lots vested
not my cup of tea though
gg

[Boon]

3Q2014 results for BWI:

http://infopub.sgx.com/FileOpen/BWG%20Q3...eID=323152

Period = Revenue (Million) / EPS (cent) / DPS (cent) / NPM (%)
FY2007 =102.180 / 6.51 / 3.2 / 13.2%
FY2008 = 96.063 / 5.15 / 2.2 / 11.1%
FY2009 = 72.956 / 4.79 / 2.2 / 13.3%
FY2010 = 49.549 / 1.19 / 2.2 / 4.9%
FY2011 = 41.532 / 0.13 / 0.6 / 0.7%
FY2012 = 48.218 / 0.88 / 1.2 / 3.7%
FY2013 = 41.081 / 0.71 / 0.3 / 3.5%
1Q2014 =12.802 / 0.06 / N.A. / 0.9%
2Q2014 = 18.278 / 0.34 / 0.3 (1H2014) / 4.1%
3Q2014 = 19.229 / 0.51 / N.A. / 5.8%
9M2014 = 50.309 / 0.91 / N.A. / 4.0%
FY2014 = >70 ？/ > 1.0 ? / 0.6 or 0.9 (for 2H2014) / ?

Comments:
1) Quarterly revenue, EPS and NPM (Net Profit Margin) for 3Q2014 increased, compared to 2Q2014.
2) 9M Revenue already exceeded FY revenue of previous 4 years.
3) 9M EPS already exceeded FY EPS of previous 3 years.
4) Positive OCF of SGD 6.208 million for 9M2014.
5) These above improvements were due to strong performances from the Group’s business in Philippines, Taiwan, the PRC and Singapore.
6) The Manufacturing/Wholesale segment (BWZ), which was acquired in late February 2014, contributed 5.7 million in revenue to the Group for the 7 months period from March to September, constituting 11.3% of the Group’s total revenue.
7) Barring any unforeseen circumstances, Management expects overall results for the Group to be positive for the remaining months of FY2014, especially with regards to performance coming from the Group’s China, Taiwan and Philippines subsidiaries.
8) Could FY2014 revenue breach the SGD 70 million mark again, which last happened in 2009?
9) Could FY 2014 EPS breach the SGD 1.0 cent mark again, which last happened in 2010 ?
10) DPS of 0.3 cent was declared for 1H2014. If DPS of 0.6 cent could be declared for 2H2014, at 22.5 cents a share, this would equate to a dividend yield of 4%.
11) Steadily, it looks like BWL is making progress in growing its top and bottom line – even before obtaining its DS License in China – though bottom line has been growing at a much slower pace than top line, nevertheless, progress has been made.

(vested)

[idyllic_yawster]

http://www.nextinsight.net/index.php/sto...c-students

Probably done this to promote goodwill between two countries and might help put them in a better position when applying for direct selling license into the multi-billion industry.

Personally, I feel it is a good cause to promote exchange of friendships and deeper understanding each other's countries. It also given those children a chance to travel.

World Learner Student Exchange Scholarship 2014 video: https://www.youtube.com/watch?v=Ex89li75...a5BNXtz6RQ