Excerpts from Lim & Tan Securities reports
Best World's top-selling DR's Secret line of skincare products are headed to the Middle East. Photo: Company
Best World revealed that it has been accepted as a member of the DSA of UAE (“DSA UAE”).
The DSA UAE is a member of the World Federation of Direct Selling Associations, a highly regarded organisation intended to provide education, advocacy, and oversight in the direct selling industry.
Prospective members have to undergo a rigorous evaluation of their company’s marketing and business plan to ensure compliance with all provisions of DSA’s Code of Ethics, one of the strongest self-regulatory codes in the direct selling industry today.
|
Best World |
|
|
Stock price: |
Target price: |
|
Source: Maybank Kim Eng |
|
Subsequently, provisional members of the DSA UAE must also complete a six month probation period, before becoming full members.
The Group’s entry into the UAE market is part of its broader initiative to expand its overseas footprint.
Through the sale of its Halal certified products, Best World intends to use its Dubai Regional Centre as a springboard into the other GCC markets of Saudi Arabia, Qatar, Bahrain, Oman and Kuwait.
Management commented that they are very honoured to have their membership approved by the DSA UAE after going through a thorough approval process.
|
KSH Holdings had in 3QFY2018 been awarded a new civil engineering project. According to management, “This is a strategic contract win for us, proving that our decision to expand our civil engineering business is a step in the right direction.
"We will continue to pursue such projects that will broaden our track record and deepen our expertise in civil engineering. With a healthy pipeline of major public projects, we remain optimistic of the outlook of the construction sector. We have most recently clinched new public construction contracts in December 2017 and January 2018. |
||||||||||||||||
