Singapore Stock Market News
OSIM International - Initiation: the second coming
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Publish date: Tue, 11 Aug 2015, 10:38 AM
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• Premium retailer in the healthy lifestyle segment; share price is down 40.6% since end-July 2014
• Net profit should pick up by 15.4% and 9.8% for 2016-17E, driven by new product launches and the growing tea business
• Initiating with Outperform (2) rating and 12-month TP of SGD1.88 (13.5% above the consensus mean)
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