Thailand downer for Zhulian

When multi-level marketing firm Zhulian Corp Bhd reported a 56% fall in its recent quarter’s net profit, some doubts were cast on the company whose stock was one of the best performers of 2013.

Not too long after, analysts who track the company issued reports to clients downgrading their call and target price on the firm, citing concerns about the political pressures in Thailand, which, based on Zhulian’s latest financial year, had contributed more than half of Zhulian’s total sales - 57% to be exact.