>> THE RETURN OF INDONESIA! Look out for that this year.
Chairman's statement in AR: Red tape on imports, cancellation of certain product licenses
and the devaluation of rupiah resulted in our Indonesia market
taking a severe hit back in the financial crisis of 2009. During
the period that follows, we diligently applied for new product
licenses and attracted in new distributors. We are pleased that
these strategies are gaining traction as we begin to witness
positive results from the market. Amidst the backdrop of a
stabilizing rupiah, we are cautiously optimistic that the Indonesia
market will continue to grow in the latest financial year
Investing thesis for Best World :-
- strong growth profile (record results from last Q)
- cash generative business
- personal healthcare business
- potential MLM license from China (close support from MLM team from Taiwan)
Taiwan's business growth is phenomenal - just imagine the potential for China if the company can secure the MLM licence.