Osim Intl   

Release of Q1 result today and AGM 27 apr

OSIM, ml remains a SELL
-12-month target price from S$0.96 to S$0.55. OSIM's
latest book value is S$0.28.

 

wah...then like that hohokit die lor? He buy in at 0.78 leh...you'll need all the luck you can get mate...

 

Target Price cut from

90cents to 59cents

SHORT!

 

it's acquisition of brookstone didn't pan out as well. Brookstone is its money losing unit. As Brookstone is a gift shop chain, its strength is usually in the 4th qtr of the year, near thanksgiving and christmas seasons.

 

Firstly, that is 6 months away. Anything can happen.

Secondly, the widespread talk about US recession/slow down towards the end of 2007. If that happens, the traditionally strong qtr from brookstone will not materialise. (of course, the economy may strength on the contrary... no one can tell!)

 

 

it's time for OSIM to do some side business, such as property investment ... health care products can no longer help OSIM further as the fake products, competition is way too high...

 

from Reuters:: 

 

SINGAPORE, April 26 (Reuters) - Credit Suisse has cut Osim International (OSIL.SI: Quote, Profile , Research) to "underperform" from "outperform" and slashed its share price target to S$0.75 from S$1.20 after the Singapore massage chair maker posted weaker-than-expected quarterly results.

"Management has explicitly stated that it will only provide profit guidance once industry consolidation is over, and we are sceptical that OSIM will return to its historical growth trajectory anytime soon," Credit Suisse analyst Su Tye Chua said in a note to investors.

"Near term, this phase of industry consolidation will continue be a drag on sales, while a change in tack toward adopting a more prudent marketing strategy offers cost benefits, but does little for the longer term in raising OSIM's profile onto the global stage, where the company clearly aims to be."

 

From the last experience, when profit guildance given that profit will reduce by 15%.

Immediately the price from 1.30 drop till 1.02 follow by the drop below 90cents.

Now the profit swing to lost of 17m, the price will definitely drop further as compared to last experience.

So I think the price will drop below 70 cents by today closed.

 

Wow...

This kind of price action is what is commonly called "lao sai !"... :(

Obviosly a lousy stock with limited upside potential ...

 

I agree with scotty. Will the big players move in? Does osim still have the potential to be half as good as b4? These are the qns to think abt.

 

I think mainly retail players dumping the stock. The volumes not very large.

 

with the moat getting narrow with more competitors coming onboard, more challenges ahead.

 

Guess not. Big players waiting quietly to enter out of a sudden as usual. They once shot buy few bids so have to wait for the right time. Think they will make a big loss if they unload too much today

 

haha, someone just hit the panic button again :-P

 

STUPID TO BUY...

SHORT !

 

This counter is meant for short down....

All readers please do not buy else get hurt....

BB is shorting it down as the company cannot even give guildiance.....BB read it as something might goes wrong.....

Short down fast till 50cents....

 

Thanks,elfinchilde. Maybe hold for dividend. Think thats the only good point of buying this stock.

 

zhirong, short term stock, definitely. as an FA stock, perhaps wiser to wait til the china problem is cleared up and direction is clearer.

pls note that short term does not equal shorting tho. you can buy long position for short term. ie, quick punt on upside.

likely to be volatile.  

 

jackjames, fyi.

The public portion of 5.8 million shares at 52 cents each drew 4,663 applications seeking 32.163 million shares, with application monies amounting to $16.7 million. There were also 46.4 million placement shares at the same price and 5.8 million reserved shares at 47 cents each.

 

So whats the take on osim future? Should just focus on short term and short or buy and hold for the long term? Think the views are mixed.

 

keke, it's ok hohokit. looks to me as tho the shorting action is mostly over alr. wld expect stablisation ard 78-80c. thereaft, up. close the day abt 82c?

i wanna know who's the smart guy who shorted 430 lots at 88.5c man.....kaoz. sure made a lot.