Eu Yan Sang cut to "sell", target lowered to 60 cents by OSK DMG

Stock Name: Eu Yan Sang
Company Name: EU YAN SANG INTERNATIONAL LTD

Research House: OSK-DMG

Price Call: SELL

Target Price: 0.60

SINGAPORE (Feb 5): OSK DMG has downgraded Eu Yan Sang to "sell" from "buy" and slashed its price target from 92 cents to 60 cents, pegged at 17.1 times projected 2015 earnings.

"While we like EYS's strong brand name in the traditional Chinese medicine space, we think that near-term recovery would be slow, due to the weak discretionary spending environment," OSK DMG analysts Juliana Cai and James Koh wrote in a note today.