Best World won't be affected by China crackdown: COO

Singapore

DESPITE concerns over its China business, Best World International, a beauty products direct seller, is still poised to deliver on lofty expectations this year, chief operating officer (COO) Huang Ban Chin said.

The company is on track to hit analyst targets of S$41 million to S$44 million of net profit for 2017, he told The Business Times on Thursday. This translates to a 20-30 per cent improvement from 2016.

Assuming first-half earnings are annualised, 2017 earnings will hit S$43 million or about eight Singapore cents per share. The company would be trading roughly at …