Stock Outperform Call: Best World by CIMB-GK

Best World International Ltd, a developer and distributor of beauty and lifestyle products, was higher after CIMB-GK Research said it was keeping its "outperform" rating for the stock because of the firm's expansion. In early trading, Best World was up 0.005 sgd or 0.84 pct at 0.60, on volume of 65,000 shares. "In our recent update with management, we came away assured that Best's regional expansion and new product line-up are relatively on track," CIMB-GK said in a note. It said that the company's penetration of Taiwan and Hong Kong and the launch of a car ionizer would enable Best World to attain growth of 32 pct in its earnings per share next year. CIMB-GK is keeping its target price of 0.90 sgd for Best World, saying that the stock offers an attractive yield.