Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

Best World International / Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/4600" target="_blank" data-smartkarma-citation="entities:4600:1">Best World International Limited (BEST SP)</a> just reported its full FY 2017 with 10% increase in revenue, 4% gross margin contraction due to higher cost of sales, 31.6% increase in operating profit due to lower commissions paid to freelancers and other related sales expenses and a net margin expansion of 7% that results in 60% increase in net profit. Its share price has rallied 23% for the past 10 days. Is that all?<h2>Dissecting </h2>Despite having an origin in Singapore, Best World has always wanted to…

Best World International Limited (BEST SP) just reported its full FY 2017 with 10% increase in revenue, 4% gross margin contraction due to higher cost of sales, 31.6% increase in operating profit due to lower commissions paid to freelancers and other related sales expenses and a net margin expansion of 7% that results in 60% increase in net profit. Its share price has rallied 23% for the past 10 days. Is that all?Dissecting Despite having an origin in Singapore, Best World has always wanted to…

<a href="https://www.smartkarma.com/entities/4600" target="_blank" data-smartkarma-citation="entities:4600:1">Best World International Limited (BEST SP)</a> share price fell 12% yesterday on heavy volume (29 million shares traded when the average 1-year daily volume is 3.9 million shares) after Chinese regulator said on Monday they will crack down on a pyramid scheme. Best World derives 48% of its revenue from China but a closer look at the revenue breakdown reveals revenue derives from multi-level-marketing is less than 10% of total revenue for the past three years. <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/031/671/original/Revenue-Breakdown-Best-World-Direct-Selling-Retail-Multi-Level-Marketing-Export-Total_chartbuilder.png?1502846343" class="editor-image img-responsive" data-smartkarma-image-id="31671"></figure>The company responded that the China's…

Best World International Limited (BEST SP) share price fell 12% yesterday on heavy volume (29 million shares traded when the average 1-year daily volume is 3.9 million shares) after Chinese regulator said on Monday they will crack down on a pyramid scheme. Best World derives 48% of its revenue from China but a closer look at the revenue breakdown reveals revenue derives from multi-level-marketing is less than 10% of total revenue for the past three years. The company responded that the China's…

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

It was a friendship that spanned three decades and resulted in the founding of the only direct-selling company listed on the Singapore bourse.
The bond between the founders of Best World International Ltd - Dora Hoan and Doreen Tan - was forged in 1986, when Hoan was the marketing manager of another direct-selling business, and Tan one of its top distributors.
"Over the years, we built a firm friendship, and when I decided to quit due to conflicts within the senior management team, the first person I called was Doreen," recalled Hoan, who was 37 then.
"She suggested we resign together and strike out on our own."
That proved to be a momentous decision - Best World was established in 1990.

It was a friendship that spanned three decades and resulted in the founding of the only direct-selling company listed on the Singapore bourse.
The bond between the founders of Best World International Ltd - Dora Hoan and Doreen Tan - was forged in 1986, when Hoan was the marketing manager of another direct-selling business, and Tan one of its top distributors.
"Over the years, we built a firm friendship, and when I decided to quit due to conflicts within the senior management team, the first person I called was Doreen," recalled Hoan, who was 37 then.
"She suggested we resign together and strike out on our own."
That proved to be a momentous decision - Best World was established in 1990.

Singapore

Engages in development and distribution of premium skin & personal care, beauty, health and wellness brands

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Best World International (BEST SP)

Best World: Full Throttle 2018

Best World International Limited (BEST SP) just reported its full FY 2017 with 10% increase in revenue, 4% gross margin contraction due to higher...

Henry Soediarko

Short Term Pain = Long Term Benefit?

Best World International Limited (BEST SP) share price fell 12% yesterday on heavy volume (29 million shares traded when the average 1-year daily...

Henry Soediarko

Best World Redefines Wellness for Life

It was a friendship that spanned three decades and resulted in the founding of the only direct-selling company listed on the Singapore bourse. The...

Singapore Exchange Ltd (SGX)

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