$Best World(CGN.SI) Direct-seller Best World International has announced a 36.4% rise in earnings of $12.2 million for the three months ended Sept, up from $8.9 million a year ago on lower expenses.

Revenue for 3Q17 came in 10.3% lower at $46.8 million compared to $52.2 million in the previous year, due to lower contribution from Taiwan and on the back of sustained export growth to China.

Segment-wise, revenue from Direct Selling declined 37% from that of the same quarter last year, primarily due to the decline in revenue from the group’s key market of Taiwan – while revenue for Export Segment in 3Q17 increased to 54% of the group’s total revenue as compared to 35.8% for the same period last year.

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'Here are some stocks that may move the market this Thursday morning:

CapitaLand has acquired a freehold multi-tenanted office building known as Main Airport Center (MAC) in Frankfurt, Germany at €245 million ($392 million) through a joint venture. CapitaLand holds a 94.9% stake in the joint venture while Lum Chang Holdings holds the remaining 5.1% stake. Shares in CapitaLand and Lum Chang closed at $3.51 and 36 cents respectively on Wednesday. $CapitaLand(C31.SI)

Best World International has acquired an additional 1.1 million shares in Malaysia-incorporated Best World Lifestyle (BWLSB) for RM 1.1 million ($370 million). The acquisition will increase Best World’s stake in the company to 100%, from 77.5% previously. BWLSB will become a wholly-owned subsidiary of Best World International. $Best World(CGN.SI)

Food Empire announced that its wholly-owned subsidiary, Future Investment Holdings, is subscribing to 138,334 shares or 25% of the enlarged share capital of Italy-based 101 Caffe for €2.5 million ($4.0 million). A wholly-owned subsidiary of Lascola Holdings, 101 Caffe is a distributor of coffee paraphernalia including pods, pads, and capsules through its franchise network. Shares in Food Empire last closed at 66.5 cents on Dec 22. $Food Empire(F03.SI)

SATS’ wholly-owned subsidiary, SATS Investments (II) (SIPL2) has subscribed to a 49% stake in Mumbai Cargo Service Center Airport Private Limited (MCSC). MCSC is a newly-incorporated company which is wholly-owned by Cargo Service Center India (CSC). Under the subscription agreement executed with CSC on Tuesday, SIPL2 has subscribed for 1.4 million new shares of MCSC for $1.03 million in cash. Shares in SATS closed at $5.24 on Wednesday. $SATS(S58.SI)

China Everbright Water says its project construction services sector has completed construction on 13 projects and commenced construction on 11 more in a record-breaking 2017. The group says this is expected to drive its project operation in the coming year. Share of China Everbright closed flat at 43 cents on Wednesday. $China Everbright(U9E.SI)

Vallianz Holdings' controlling shareholder Rawabi Holding Company Limited (RHCL), now owns a 41.2% stake in the company from 14.8% previously immediately after the completion of its rights cum warrants issue. Meanwhile, Swiber has subscribed for its entitlement of 903.5 million rights shares with 1.81 billion warrants. Following the subscription and the exercise of its warrants, SHL’s shareholding in Vallianz will increase to 21.7% from 20.17%, after the exercise of Rawabi’s warrants and assuming other shareholders do not exercise. Vallianz shares closed 0.1 cent lower at 1.3 cents on Wednesday. $Vallianz(545.SI)

Wall Street stocks edged higher Wednesday as US consumer confidence remained elevated in December despite ebbing from the prior month's record. The Dow Jones Industrial Average rose 0.1% to end the low-volume trading session at 24,774.23. The broad-based S&P 500 added 0.1% to finish at 2,682.62, while the tech-rich Nasdaq Composite Index gained less than 0.1% to 6,939.34.

The Straits Times Index closed 13.51 points or 0.4% higher at 3,391.67. About 1.25 billion shares worth $616.6 million changed hands. Gainers outnumbered losers 244 to 134.'

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$Best World(CGN.SI)

'Direct selling company Best World International has acquired an additional 1.1 million shares in Malaysia-incorporated Best World Lifestyle (BWLSB) for RM 1.1 million ($370 million).

The acquisition will increase Best World’s stake in the company to 100%, from 77.5% previously. BWLSB will become a wholly-owned subsidiary of Best World International.'

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'Here are some stocks that could move the market this Monday morning:

HNA Group Co. has set a date for a long-awaited shareholder vote on its proposed US$1 billion ($1.4 billion) takeover of Singapore logistics operator CWT, people with knowledge of the matter told Bloomberg. CWT shares closed Friday at $2.13, an 8.6% discount to the HNA offer of $2.33 per share. $CWT(C14.SI)

Starburst Holdings says it has received strong support from institutional and investors through a married vendor share deal, which saw the collective takeup of 12.4 million shares at 39 cents per share – amounting to about $4.8 million in total. Shares in Starburst closed 1.23% higher at 41 cents on Friday. $Starburst(40D.SI)

Shares in Best World International, the manufacturer and distributor of skincare and wellness products, surged 15.5% to close at $1.20 on Friday after its two co-founders and the company bought back shares in the open market. $Best World(CGN.SI)

US equities closed off their session lows on Friday after Steve Bannon, one of President Donald Trump's top advisors, left the administration. The S&P 500 closed 0.18% lower at 2,425.55 , after falling as much as 0.5%. The Dow Jones industrial average closed 76.22 points lower at 21,674.51; it jumped about 130 points off its earlier lows on Bannon's exit. The Nasdaq composite slipped 0.09% to close at 6,216.53.

On Friday, the Straits Times Index fell for the fourth consecutive day, this time by 16.89 points to 3,251.99. Turnover was 1.8 billion units worth S$1.2 billion and excluding warrants there were 178 rises versus 238 falls.'

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'Here are some stocks that could move the market this Tuesday morning:

Best World International has downplayed concerns regarding market concerns arising from the Chinese government's Monday announcement of its intention to crack down on certain market practices. It says presently all DRs’ Secret, Avance and Optrimax products are available for purchase by customers through DRs’ Secret outlets and workshops. As such, the company believes the SAIC statement has little or no impact to its China business. Shares of Best World closed 12% lower at $1.36 on Tuesday, prompting a query from SGX. $Best World(CGN.SI)

Oxley Holdings announced Tuesday that it expects to commence operations for its $900 million hotel development along Stevens Road in the second quarter of FY2018. Shares of Oxley Holdings closed 1 cent higher at 55 cents on Tuesday. $Oxley(5UX.SI)

Power solutions company XMH Holdings says its wholly-owned subsidiary, XMH Engineering, is establishing a 50%-owned joint venture (JV) company in Myanmar with Myanmar MarcoPolo (MMP) and Bulox Power (BP), which will each hold a 25% interest in the company, respectively. Shares in XMH Holdings closed 9 cents higher at 35 cents on Tuesday. $XMH(BQF.SI)

YuuZoo Corporation posted 2Q17 net profit of $8.4 million, compared to a net loss of $1.4 million in 2Q16 a year ago. However, the company’s 2Q17 revenue ended at $17.7 million, 17% lower than the $21.3 million reported a year ago. The decrease was mainly due to change in adoption of a more prudent means of revenue recognition as well as lower payment revenue. Shares in YuuZoo closed 0.2 cent higher at 5.5 cents. $Yuuzoo(AFC.SI)

Healthway Medical Corporation swung into a loss of $504,000 for the 1Q17 ended March, compared to $580,000 in profits posted in 1Q16 as finance costs more than doubled from a year ago on short-term borrowings. Revenue for the quarter declined 6.2% to $23.2 million, largely due to lower contributions from the primary healthcare segment. Shares in Healthway Medical closed 2.2% lower at 4.4 cents on Tuesday. $Healthway Med(5NG.SI)

Global BioLife, the biomedical indirect subsidiary of Singapore eDevelopment (SeD), is collaborating with US-based perfume manufacturer Chemia Corporation to develop a suite of functional fragrances for industrial and medical applications. Named Functional Fragrance Formulation (3F), the fragrance range is meant to counter mosquito-borne diseases. Shares in SeD closed 13% lower at 5.4 cents on Tuesday. $Singapore-eDev(40V.SI)

Wall Street stocks finished little changed on Tuesday as solid retail sales data offset ugly share price declines from some retail chains that reported disappointing earnings. The Dow Jones Industrial Average ended slightly higher at 21,998.99. The broad-based S&P 500 slipped 0.1% to 2,464.61, while the tech-rich Nasdaq Composite Index lost 0.1% at 6,333.01.

The Straits Times finished a net 13.76 points weaker at 3,294.93. Turnover amounted to a low 1.7 billion units worth $1.13 billion and excluding warrants, there were 204 rises versus 294 falls.'

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$Best World(CGN.SI)

'Best World International announced earnings of $21.7 million for the 1H17 ended June, surging 62.7% from $13.3 million in earnings reported in 1H16 on higher revenue and lower distribution costs.

This brings the direct-selling company’s earnings per share (EPS) for 1H17 to 3.94 cents from 2.42 cents the previous year.

For the half year, revenue rose 15.2% to $100 million in 1H17 from $86.8 million in 1H16 as a result of strong export sales, supported by increased demand for the Best World’s offerings in China.'

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