Singapore Stock Market News

OSIM International - Consistently Good Execution

StockFanatic
Publish date: Mon, 31 Mar 2014, 09:37 AM
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We continue to like Osim for its operational excellence and strong market positioning, notwithstanding the recent bankruptcy of its legacy Brookstone investment. Robust demand for its massage chairs will likely receive a further boost with the introduction of its latest range.

Having secured a majority stake in TWG at an attractive price, we think this will be Osim's new driver. Maintain BUY and raise TP to SGD3.04 (from SGD2.60).
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