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Best World
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zhuge_liang
Supreme |
09-Dec-2007 23:42
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The counter has such low volumes. When you want to sell, you'll get stucked. There're other other stocks with greater liquidity and profits. |
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cashiertan
Elite |
07-Dec-2007 00:57
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yah today volume is decent. something brewing. |
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zhuge_liang
Supreme |
07-Dec-2007 00:45
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CIMB's tp ex-bonus (1-for-4) lowered to $1.22 (from $1.65). They have rolled forward their valuation from 13.6x CY08 P/E (set at a 20% discount to STI target) to 11x CY09 P/E. Their new multiple is now pegged at a 20% discount to the average valuation for bigger direct selling peers, including Amway, Avon and Nu Skin, now that Best is competing more closely with them in China. |
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Manikamaniko.
Master |
06-Dec-2007 15:48
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But today, volume is a fantastic 426+ lots... |
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Manikamaniko.
Master |
06-Dec-2007 15:42
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I don't mean myself... I mean those who want to teekum-teekum can do it with this counter...
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cashiertan
Elite |
06-Dec-2007 15:37
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i dun think u really tikum tikum that little right? how to be day trader if tikum so small. lol but if wanna use ur cpf, best world can consider. |
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Manikamaniko.
Master |
06-Dec-2007 15:34
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Yes... it is understandable... it is not easy to liquidate all at one go... |
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cashiertan
Elite |
06-Dec-2007 15:28
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not tikum tikum (i know what u mean) lah. see the trade on tues, 11 lots for the whole day. i buy also more than 11 lots (ard $9k). how to trade like that? i noe will go up but scared. lol |
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Manikamaniko.
Master |
06-Dec-2007 15:25
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Yes, you are right... too thinly traded!... |
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cashiertan
Elite |
06-Dec-2007 15:20
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this should be the ultimate value investor not bullshiting here. wanted to enter but always got better stocks to buy. thus may give up. also the amount i wanna buy also may not to able get in one trade or even one day thus i am scared what will happen when i wanna sell. this stock is out for me at the moment.. |
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Manikamaniko.
Master |
06-Dec-2007 09:43
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Cashier... :) |
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cashiertan
Elite |
06-Dec-2007 03:22
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now i can buy double the volume i bought earlier becoz i sold it at 1.30+ and more than 5 times that volume if i use margin to buy. lol |
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cashiertan
Elite |
06-Dec-2007 03:19
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what is your entry px? this counter is a bane for TA player coz of the volume. but than doesnt mean i cant buy it as i bought it before. i cash out on 1.3+ now i saved almost half like what zhuge said. |
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Manikamaniko.
Master |
05-Dec-2007 23:56
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The MLM potential can be really staggering and exponentially 'unlimited', especially in China!... I will keep my holdings. |
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zhuge_liang
Supreme |
05-Dec-2007 23:51
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Best World plans to acquire a 51% stake in Joymain, which has a direct selling licence in Jiangsu. Consideration of the acquisition is Rmb51m, of which Rmb31m will be offset by the injection of BWL Shanghai and BWL Hunan into the restructured Joymain. The partnership will allow Best World to start direct selling in Jiangsu and penetrate the local market using Joymain?s established brand name. CIMB have lowered our FY07-09 EPS estimates to account for start-up costs related to the China expansion. As theyapproach end-2007, they have also rolled forward our valuation from 13.6x CY08 P/E (set at a 20% discount to STI target) to 11x CY09 P/E. Their new multiple is now pegged at a 20% discount to the average valuation for bigger direct selling peers, now that Best is competing more closely with these peers in China. Maintain Outperform, target price: $1.22. |
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Manikamaniko.
Master |
29-Nov-2007 06:52
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One need not be foolish not to sell at high prices... |
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zhuge_liang
Supreme |
29-Nov-2007 00:07
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It would be foolish not to bail out around $1.30. Fell to $0.70 today. Almost halve. |
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Manikamaniko.
Master |
28-Nov-2007 16:26
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hahaha... I don't believe any funds will get themselves involved in a controversial activity such as MLM. That explain the forever thin volume. ... |
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cashiertan
Elite |
28-Nov-2007 05:24
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low vol how to attract funds house to push up the px? trend w/o real volume is scary. lol |
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Manikamaniko.
Master |
28-Nov-2007 04:35
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Thin volume is good in that in a downtrend, when only a very few sell, the price drops with a thud. But in an uptrend, the price rockets up so easily with only low volume, (but higher volume than sells).. so we are dealing not with a stock, but with the trend... Thus, to benefit much, "getting to know the trend" is the way to go ... |
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