Best World - RHB Invest 2019-04-26: Suspension Of Coverage

BEST WORLD INTERNATIONAL LTD (SGX:CGN) | SGinvestors.io 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 | https://www.rhbinvest.com.sg/ 2019-04-26
SGX Stock Analyst Report NOT RATED MAINTAIN BUY 99998 SAME 2.950



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