Membership to contract in FY11. We believe that due to the revised Direct Selling Act (DSA), Hai-O’s membership drive will be affected, as well as its retention of existing members. We have adjusted our forecast to include a net membership contraction of 1,200/mth, which consequently reduces our FY11-13 Core Distribution Force (CDF) assumption by 5.1-10%.
Hai-O Enterprise Berhad : FY04/11 Membership To Contract - 29/07/2010
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