Brokers' take
OSIM International | Hold
Feb 4 close: S$2.02
Target price: S$1.97
OCBC Investment Research, Feb 4
AFTER a widely disappointing quarter, there were no surprises for OSIM's overall FY14 results. Q4 FY14 revenue and Profit after tax and minority interests were slightly lower by about one per cent year on year to S$177.7 million and S$27.4 million respectively. This was largely within the street's expectations... While it currently holds a significant cash balance of S$427.6 million, no further insight was given on the potential utilisation ... Management continues to keep their positive outlook on China, citing confidence in the launch of new products from OSIM as well as a resilient affluent consumer market despite closing 32 non-perf…
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