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Maybank Kim Eng
Initiating Coverage on OSIM International
Complete report.
http://www.remisiers.org/cms_images/research/Mar19-Mar23_2012/OSIM_IC_1903121.pdf
Bearish pennant forming.
Possible drop today?
Trade with caution.
Should see more downside to come.
All MAs are not clearing it's 200day.
Maybe enter at $1 for long position?
louis001 ( Date: 06-Mar-2012 09:57) Posted:
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BellaVida ( Date: 06-Mar-2012 09:51) Posted:
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SINGAPORE : Massage chair maker Osim International recorded a 0.8 percent on-year rise in fourth quarter net profit to $17.06 million.
In the same quarter ended December 31, Osim's revenue increased 7.6 percent from the previous year to $142.68 million.
The increase in revenue was attributed to sales driven by the launch of new innovative products such as leg massager uPhoria and uDivine chairs.
In China, the company presently has 272 Osim outlets in 47 cities.
Osim is targeting a net increase of 50 more outlets in China as the company continues to enjoy strong sales there.
Earning per share for the fourth quarter stood at 2.30 cents, down from 2.31 cents in the previous year.
For the full year, net profit rose 38 percent to $69.1 million and revenue rose about 9 percent to S$553.7 million from the previous year.
The company has proposed a final dividend of one cent per share.
- CNA/ch
moving up.
Range bound but moving up from 1.225. Dividend coming.
1.28
this is a classic case of buy on rumour (expect good results), sell on news(q-report out),,,,
it slowing going up to 1.32 before results release...when results are out....it went down to 1.19....and now... goes back up again to 1.255.....
however, it does not mean it works the same all the time, it all depends on the BBs' play.....
iPunter ( Date: 15-Feb-2012 18:18) Posted:
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That's why buying low is good...
but most people will short when it drops to very low...
genting^2 ( Date: 15-Feb-2012 15:59) Posted:
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