Singapore Stock Market News

OSIM International - Steady as she goes

StockFanatic
Publish date: Tue, 02 Sep 2014, 02:59 PM
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■ No acquisition target yet but clear on what will pique its interest. Maintain BUY and SGD3.50 TP on 20x FY15E EPS. Catalysts from signs of greater new product traction in 2H14.

■ Shareholders will be protected. No dilution if enough shares are repurchased, similar to 2011 CBs.

■ Steady sales growth so far in 2H14. Eyeing North Asia for TWG store expansion and to add franchisees internationally.
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