Re: Osim
Posted:
Wed May 06, 2015 10:16 am
by winston
not vested
1Q15 earnings for OSIM International were below expectations, dragged by weak consumer sentiment across all markets.
Dividend of 1 Sct was declared.
We cut FY15F/FY16F earnings by 10%/14%.
We cut our store count assumption on less aggressive expansion, and have also imputed higher staff costs and other operating expenses.
Maintain HOLD with lower TP of S$1.82 (Prev S$ 1.94).
Source: DBS
Re: Osim
Posted:
Fri Jul 24, 2015 10:47 am
by winston
not vested
OSIM International: Room for disappointment
OSIM International Ltd (OSIM) saw another weak set of 2Q15 results, albeit it was within our expectations.
Revenue fell 13% YoY to S$159.5m, forming 23% of our FY15 forecast. This was due to poorer sales in smaller products, while somewhat cushioned by the launch of uMagic in Singapore, Hong Kong and Taiwan this quarter.
PATMI was down 24% to $22.5m, making up 24.2% of our full-year estimate.
All considered, we have reduced our FY15/16F estimates to a more reasonable level and derived a new FV estimate of S$1.52 (previous: S$1.87).
While the group continues to create innovative products, enhance marketing for uMagic, and expand their TWG Tea presence, we opt to keep our HOLD rating on the stock, given the persistently soft retail scene in the group’s core markets and potentially weaker-than-expected sales performance.
Source: OCBC
Re: Osim
Posted:
Tue Jul 28, 2015 1:24 pm
by behappyalways
New massage chairs fail to cure OSIM’s acutely strained profits
http://sbr.com.sg/leisure-entertainment ... ed-profits
Re: Osim
Posted:
Mon Oct 05, 2015 2:38 pm
by behappyalways
OSIM down 1.2% after pesticide residues warning by Taiwan's FDA
http://sgx.i3investor.com/servlets/fdnews/54358.jsp
Re: Osim
Posted:
Wed Oct 28, 2015 8:24 am
by behappyalways
OSIM's 3Q earnings dive 62.4%, declares dividend of one cent
http://sgx.i3investor.com/servlets/fdnews/55009.jsp
Re: Osim
Posted:
Wed Oct 28, 2015 8:33 am
by winston
not vested
I was expecting that their U-Magic would boost sales as the rollers are very soft and I actually bought one recently.
And every time I passed by TWG, business looks good.
Still monitoring ..
Re: Osim
Posted:
Thu Oct 29, 2015 7:25 am
by behappyalways
OSIM in dire need of blockbuster products as earnings plummet
http://sbr.com.sg/utilities/news/osim-i ... gs-plummet
Re: Osim
Posted:
Fri Jan 29, 2016 5:34 pm
by behappyalways
Privatisation, spin-off listing might save beleaguered OSIM
http://sbr.com.sg/retail/news/privatisa ... uered-osim
Re: Osim
Posted:
Mon Mar 07, 2016 9:10 am
by behappyalways
Ron Sim Makes Unconditional Cash Offer to privatise
OSIM International Ltd
Offer Price of S$1.32 represents a 31.8% premium over 1-month VWAP and a 33.5%
premium over 3-month VWAP
http://infopub.sgx.com/FileOpen/Volunta ... eID=392898
Re: Osim
Posted:
Tue Apr 05, 2016 1:55 pm
by behappyalways
OSIM's Ron Sim raises privatisation offer to $1.39 a share
http://sgx.i3investor.com/servlets/fdnews/59549.jsp