Singapore Stock Market News

OSIM International - Lacklustre environment

StockFanatic
Publish date: Wed, 22 Jul 2015, 01:52 PM
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■ Cut FY15-16 EPS by 16-19% on recent lacklustre consumer spending in China, Hong Kong & Malaysia.

■ Next growth base still under construction. Recently acquired minority stakes in cosmetics & tech companies.

Maintain HOLD till expansion over and/or regional consumer sentiment recovers. TP reduced to SGD1.75 from SGD2.08, still on 18x FY15 EPS, 20% discount to peer average.
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