Singapore Stock Market News
OSIM International - Trying To Create Magic
StockFanatic
Publish date: Wed, 22 Apr 2015, 10:14 AM
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We tested OSIM's latest massage chair, uMagic, which was unveiled in Singapore stores last weekend and featured evident improvements in massage technology. Maintain BUY, with an unchanged TP of SGD2.45 (31% upside). However, we view the overall product as part of a progressive evolution and unlikely to engender a big breakthrough in sales volume. We also preview 1Q15 results here, and expect YoY sales and earnings growth to be muted.
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