Stock Name: OSIM Intl
Company Name: OSIM INTERNATIONAL LTD
Company Name: OSIM INTERNATIONAL LTD
| Research House: DBS Vickers | Price Call: BUY | Target Price: 2.59 |
SINGAPORE (Oct 29): DBS is keeping its "buy" rating for OSIM International with a lower target price of $2.59.
In an Oct 29 report, DBS Group Research has cut FY14-FY16 forecast earnings by 19-23% amid short-term drag. However, the research house says current valuations have priced in negatives.
OSIM's latest results came in below its expectations, says DBS. In 3Q14 ended Sept, OSIM reported a 28% fall in net profit to $16.4 million from a year ago. This was affected by weakness in Asia, higher TWG staff headcount and one-off legal costs.
No comments:
Post a Comment