BEST WORLD INTERNATIONAL LTD (SGX:CGN)
Best World - Suspension Of Coverage
- We suspend coverage on BEST WORLD INTERNATIONAL LTD (SGX:CGN) until findings from independent reviewers are made public.
- Our last rating was BUY, with a SGD2.95 Target Price.
- Yesterday, Best World’s share price fell 9% on short-sell reports. Short-sellers alleged that its earnings were artificially inflated and questioned the legality of its China business model.
- We prefer to stay cautious and suspend coverage on the stock, until further details from the third-party independent review report are made public.
Juliana Cai
RHB Securities Research
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https://www.rhbinvest.com.sg/
2019-04-26
SGX Stock
Analyst Report
99998
SAME
2.950
