OSIM kept at 'buy' with $2.25 target price by Phillip

Stock Name: OSIM Intl
Company Name: OSIM INTERNATIONAL LTD

Research House: Phillip Securities

Price Call: BUY

Target Price: 2.25

SINGAPORE (Feb 4): Phillip Capital is maintaining its "buy" call on OSIM International with a target price of $2.25.

In a report out today, analyst Caroline Tay says she expects the rollout of more innovative products as well as the expansion of TWG stores to sustain revenue growth in FY15.

OSIM announced a full year revenue of $691.1 million. This is in line with Phillip's FY14 estimates. Gross margin stood at 70%.