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OSIM
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genting^2
Veteran |
14-Feb-2012 16:17
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rebounding 1.21 | ||||
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genting^2
Veteran |
14-Feb-2012 13:49
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Nowadays annoucne good results means drop in price. |
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iPunter
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14-Feb-2012 10:25
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Osim very koyak... dropped some more to low of 1.195...
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genting^2
Veteran |
14-Feb-2012 10:15
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Newspaper twist and turn the news. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_33FBA1CB3E4A8A4F482579A20079BD8D/$file/3rdqtr-NR.pdf?openelement |
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iPunter
Supreme |
14-Feb-2012 10:11
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I thought profit is better than before, not a loss... thus 'positive outlook'... 
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genting^2
Veteran |
14-Feb-2012 09:51
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Singtel results aren't good. It is really weird. Sometimes sentiments are just reverse before it shoots up? |
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iPunter
Supreme |
14-Feb-2012 09:46
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But it just dropped to a new low of 1.205 a while ago... why so koyak? Just like SingTel, today published good profit, but stock is down instead... |
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genting^2
Veteran |
14-Feb-2012 09:36
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Dividend announced. NOTICE IS HEREBY GIVEN THAT the Share Transfer Books and Register of Members of OSIM International Ltd (“the Company”) will be closed on 4 April 2012 after 5 p.m. until 5 April 2012, for the purpose of determining members’ entitlements to the final tax exempt (one tier) dividend of 1.00 cent per share for the financial year ended 31 December 2011 (“the Dividend”). The ex-Dividend date will be on 2 April 2012. Duly completed registrable transfers received by the Company’s Share Registrar, B.A.C.S. Private Limited of 63 Cantonment Road Singapore 089758 up to 5.00 p.m. on 4 April 2012 will be registered to determine members’ entitlements to the proposed Dividend. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with shares up to 5.00 p.m. on 4 April 2012 will be entitled to the proposed Dividend. Payment of the Dividend will be made on 18 April 2012 BY ORDER OF THE BOARD
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iPunter
Supreme |
13-Feb-2012 19:49
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Solly, solly ... low is 1.215 ... but still not strong... koyak... 
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iPunter
Supreme |
13-Feb-2012 19:46
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Since after the superb results announcement, this bahga has been weakening... Today it even hit low of 1.15...
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genting^2
Veteran |
13-Feb-2012 08:50
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Daily Buy Back by OSIM. Should be uptrend liao after down for 3 days. | ||||
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genting^2
Veteran |
10-Feb-2012 09:40
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DMG & Partners on 9 Feb 2012 OSIM reported a 1 per cent y-o-y growth in Q4 2011 earnings to S$17.1 million, on the back of an 8 per cent y-o-y growth in revenue to S$142.7 million. Stripping out the S$5 million one-off asset gain in Q4 2010, core earnings grew by 43 per cent. FY11 earnings rose 38 per cent y-o-y to S$69.1 million, on the back of a 9 per cent growth in sales to S$553.7 million. These however fell short of our expectations by 8 per cent and 6 per cent, respectively, largely due to more aggressive store rationalisation which saw the number of OSIM outlets decline by 16 to 592 in FY11.
We lower our FY12 sales and earnings by 10 per cent and 8 per cent, respectively, to take into account further store rationalisation, especially with regard to RichLife which currently has 104 outlets in 17 cities and would be scaled back to focus on seven key cities.
The focus going forward would be on store profitability rather than the number of stores, hence we expect further margin expansion in FY12.
A final dividend of one cent was declared, bringing total FY11 payout to three Singapore cents. We maintain our 'buy' call on the stock with a higher TP of S$1.59 (previous S$1.55), as we roll over our valuations to 15 times FY12.
BUY |
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sgnewbie
Master |
10-Feb-2012 09:03
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DMG & Partners on OSIM http://sg-shares.blogspot.com/2012/02/osim_10.html |
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genting^2
Veteran |
09-Feb-2012 09:14
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MacquarieOSIM International 2011 results – Consolidation ahead Event OSIM ended 2011 with a message that after laying a strong foundation over the last 4 years it is going to focus on sustaining a high level of profitability and consolidate its business model over the next 2-3 years. We reiterate Outperform with 27% potential upside plus ~3% dividend yield from these levels. Impact A robust 2011 the last of the abnormally high growth years: OSIM ended 2011 with +31% earnings growth YoY. In the last 4 years OSIM’s profits have increased from S$3m in 2007 to S$72m in 2011. Entering a consolidation phase Focus on cash flows and profitability: With a strong network of outlets and constant rationalization of stores (closing loss-making stores while opening new stores), OSIM is now on a strong footing in Asia, in our view. It ended 2011 with 592 OSIM outlets, 108 Richlife outlets and 162 GNC outlets. Margin expansion story is over Expect revenue growth from 2012: The abnormally high earnings growth in the last 4 years has been driven by EBITDA margin expansion from 6.7% in 2007 to 20.2% in 2011. However, we believe margins are now capped and top-line growth should start kicking in. We expect 15% revenue growth in each of the next 2 years to drive earnings growth. Balance sheet is at its strongest with increasing cash flows: OSIM has a cash pile of S$194m with annual cash flows in the range of S$70-80m. We expect the group to continue investing in strengthening the business model while declaring higher dividends for minority shareholders. Earnings and target price revision Marginally reducing earnings for 2013 by 5%. Target price maintained at S$1.65. Price catalyst 12-month price target: S$1.65 based on a PER methodology. Catalyst: 1Q12 results. Action and recommendation Buy the stock for stable 15-20% earnings growth plus a cash-rich business model: We believe investors should stay invested in OSIM which is on a strong footing with a highly profitable chain of stores across Asia and a growing presence in China. We expect the cash-rich business model to benefit minority shareholders in the form of higher growth or higher dividends. At 12.5x 2012 P/E, the stock does not look expensive another ~25% to go: The stock is still trading at a large discount to its China consumer peers (which are at 20-25x). The stock has gone up by ~30% in the last 2 months and we expect the re-rating to continue in 2012. We see 27% upside plus ~3% dividend yields from these levels. |
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genting^2
Veteran |
09-Feb-2012 09:13
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UBS Investment Research OSIM International Limited Strong 2011 but margins may have peaked Q4 net income 5% ahead of UBSe 12% below consensus OSIM reported Q4 net income of S$17.1m (+0.8% yoy), 5% ahead of UBSe but ~12% below consensus. Final dividend of 1cent takes the 2011 payout to 3cents (30% payout). For full year 2011, net income of S$69.1m (+38% yoy) was in-line with UBSe but slightly below consensus. Given cash balance of S$194m, we think, OSIM is likely to announce acquisitions over the next 12 months. Going slow on RichLife expansion TWG on track Richlife China is unlikely to turn profitable in 2012 and company plans to rationalise stores this year by reducing presence from 19 to 7 cities. We lower store growth forecasts for RichLife to 30-40 stores/yr. TWG opened its first store in HK in Dec-11 and has recorded strong sales so far. We expect 4/6 new TWG stores in N Asia in 2012/13. We forecast TWG to contribute 9% to earnings by 2015E. Margins likely peaked in 2011 top-line growth a key driver for 2012 We note 2009-11 profit growth was driven by margin expansion. We believe margins have likely peaked in 2011 and top-line growth is the key driver going forward. We revise our 2012-13E revenue forecasts by +2-3% and net profit forecasts by +2-5%. We forecast 10-12% revenue growth and 9-10% net profit growth for 2012-13E. Valuation: Revise price target from S$1.50 to S$1.52 maintain Buy We derive our price target from a DCF-based methodology and explicitly forecast long-term valuation drivers using UBS’s VCAM tool. We assume a 9.4% WACC and 3% terminal growth. Our price target implies 15.1x/13.9x 2012E/2013E PE. |
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genting^2
Veteran |
09-Feb-2012 09:12
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Small lao is ok one lah. | ||||
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iPunter
Supreme |
08-Feb-2012 14:27
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This bugger in today's newspapers annou got superb profit, but the stock " lao sai" , when all other counters are chionging... |
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genting^2
Veteran |
08-Feb-2012 13:43
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OSIM International Ltd saidon Wednesday that it has agreed to buy a majority interest in GNCTaiwan franchise, Standard Nutrition Corporation, for S$6.6 million.The sale and purchase agreement was entered into with Standard Chem& Pharm Co Ltd. Standard Nutrition holds the distribution,development and franchise rights to the existing GNC business includingthe wholesales and internet rights of GNC brand products in Taiwan. | ||||
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genting^2
Veteran |
08-Feb-2012 13:27
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vested | ||||
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sgnewbie
Master |
08-Feb-2012 11:02
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OCBC on OSIM http://sg-shares.blogspot.com/2012/02/osim.html |
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