OSIM International

[thor666]

Mr. Market is responding to the speculation? I am willing to buy OSIM to swap for the TWG shares, at a right price.

(not vested)

Osim should be taken private and TWG spun off, says Maybank Kim Eng

SINGAPORE (Jan 29): Massage chair maker Osim International ( Valuation: 1.80, Fundamental: 2.80) should be taken private, suggests Maybank Kim Eng following the company’s Q4 numbers.

That imo would be most unwise.

I attended a sgx about 2 years ago which osim Cfo did the presentation. When quizzed about the growth potential of TWG, he was rather conservative about it and said that the main focus is still on the osim business.

Fast forward till today and there's a new idea from sources saying TWG is extremely valuable.. I doubt this would be the actual case.

The Q4 results on paper suggest that consumer spending remains strong and investors should be expecting slow decline in profits. What is important is for osim to rationalize its stores and manage costs. The lack of inter segmental numbers in its financials make it both hard for competitors to reverse engineer, but also hard for investors to make sense of the profitability of the individual businesses.

I read Kim Eng reports with much doubt as I remember them throwing out a crazy valuation of $4+ previously when they were reporting nice profits.

(Vested)



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