Brokers' take

Best World International | Buy Target price: S$1.65 (post share split) May 22 close: S$1.43 DBS Group Research, May 22

We arranged several meetings for Best World over two days in Hong Kong (May 18 and 19). While most of the funds we met were new to the company, some were already familiar with the industry and operating environment...After spending more than seven years cultivating the Chinese market, Best World's efforts in raising brand awareness and product acceptance are beginning to bear fruit. With its direct selling licence already effective in Hangzhou (China), much of the heavy lifting is already complete. As Best World prepares to further penetrate its fastest-growing market, questions raised by investors focused on the significance of the direct selling licence, motivation for the shift from an export (which has done well) to direct selling model, and strategies to ensure sustainability.

Global Logistic Properties | Hold Target price: S$2.75 May 22 close: S$2.90 UOB Kay Hian, May 22