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OSIM stock dives; analyst points to possible earnings worries
Shares fall 9.8% over two days, prompting SGX query and a subsequent 'trade with caution' advice
Published Wed, Oct 8, 2014 · 09:50 PM
Singapore
THE stock of lifestyle products group OSIM International, a long-time market darling, traded sharply lower on Wednesday for a second day in a row on heavy volume.
It closed at S$2.33, down 10 cents or 4.1 per cent, on 8.4 million shares traded. The 30-day average volume was just 1.9 million shares, according to Bloomberg.
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