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281-300 of 1529
Current Price: S$1.72
Fair Value: S$1.96
BUY
Previous Rating: HOLD
4QFY10 results above expectation. OSIM International Ltd
(OSIM) delivered a strong set of 4QFY10 results last evening
which beat market and our estimates. Revenue declined 5.9%
YoY to S$132.6m while net profit surged 108.3% YoY to
S$16.9m. The YoY decline in revenue was due mainly to the
conversion of GNC Australia into franchised outlets, but this
helped to improve profitability. Sequentially, revenue and net
profit increased 13.6% and 30.1% respectively. For FY10,
OSIM's revenue increased 6.7% to S$508.7m, which was 2.1%
above our forecast (2.4% below consensus). Its bottomline
jumped 114.6% to S$50.1m and this was significantly higher
than our estimate of S$41.5m (vs. consensus' estimate of
S$45.9m). The strong performance was due to better margins
from product innovation and better operating efficiency. As
expected, a final cash dividend of 1 S cent per share was
declared.
http://www.remisiers.org/cms_images/OSIM-110127-OIR.pdf
Upgrade to BUY on better outlook. According to the National
Bureau of Statistics of China, total retail sales of consumer
goods in China grew 18.4% to RMB15.5t in 2010. We believe
there is strong growth momentum for OSIM going forward. In
view of the strong execution capabilities of the group's
expansion plans, rollout of new innovative products and better-
than-expected financial performance, we raise our FY11F
earnings estimate by 18.1%. This in turn increases our fair
value estimate from S$1.68 to S$1.96 (based on 22x FY11F
EPS). Upgrade to BUY.
Cheap time to stock up
up 2 cents.
1.58 good price to enter?
Good Day Traders
Too bad, Good news came too early for OSIM. Check below:
http://www.remisiers.org/cms_images/OSIM-110127-OIR.pdf
Sell on good news is always my practise to catch good profits.I am expecting good news to come later near 1.80-1.90 level after
the breaking out the red top channel line. Nevertheless, the market is always right and don't be stubborn with our own view. Flow with the
momentum of the market instead. Made 17% in the trade while previously was a great run with 39% profits. A great nice ride to end now and scanning
for the next pick with my propietary scanner again.
Personal blogsites:
Http://chartfreely-sg.blogspot.com
http://chartfreely.wordpress.com
http://volume-price-spread-for-metastock.blogspot.com/
Youtube Videos:
http://www.youtube.com/results?search_query=sgtrader1&aq=f
http://www.youtube.com/watch?v=nlNL8hCxq3E
http://www.youtube.com/watch?v=_nHsj_xSAhI&feature=related
sales fall especially during the quarter of holidays like x'mas is bad in my opinion.
Good Day Traders
This is my personal opinion on OSIM Daily Chart Analysis dated 26/01/11
When you have projected a target, also project your risk level that you can take.
Wishing you many profitable trades ahead!
For some, spend your time learning how to read a chart well like a road map.
If out of ignorant and just want to comment..haha..Please continue to do so.
Important, don't hurt your own pocket. Stay cool and watch me hunting again!
Personal blogsites:
Http://chartfreely-sg.blogspot.com
http://chartfreely.wordpress.com
http://volume-price-spread-for-metastock.blogspot.com/
Youtube Videos:
http://www.youtube.com/results?search_query=sgtrader1&aq=f
http://www.youtube.com/watch?v=nlNL8hCxq3E
http://www.youtube.com/watch?v=_nHsj_xSAhI&feature=related
Since no one can tell any trend until after the event,
how can anyone proclaim that 'the trend is still intact' ?
Isn't it purely an assumption?
But newbies will tend to obey it like sacred gospel though...
Osim International 4Q net income doubles, sales fall26 JANUARY 2011 19:20 Osim International said its fourth-quarter net income more than doubled to $17 million from $8 million a year earlier.
Sales in the quarter declined 6% to $133 million from $141 million, the company said in a statement to the Singapore stock exchange today.
IIFL recommends BUY with Target Price at $1.80
OSIM Ltd continues to expand its store network with net addition
of about 50 OSIM stores and 29 Richlife/GNC stores in first nine
months of 2010. We expect the company to add another 10 OSIM
stores and 41 Richlife/GNC stores in 4QFY10ii. In line with the
expanding store network, we expect OSIM Ltd to report a profit
growth of 78% YoY with a 300bps expansion in net profit margin
for the full year FY10ii. We expect the company to continue
growing its Richlife business in China. OSIM Ltd would add 75 new
OSIM stores and 85 new Richlife stores each year in China
between FY11-12 resulting in a 30% profit CAGR during FY10ii-
12ii. The stock trades at 20.2x FY11ii and 16.1x FY12ii earnings.
We have a BUY rating on the stock and a target price of S$1.80.
Continuing on its growth path
• For the full year FY10ii, we expect OSIM Ltd’s revenue to grow by
10% and profit to grow by 78%. The EBITDA margin is expected to
expand by more than 250bps YoY, while the net profit margin is
expected to expand by 300bps YoY in FY10ii. We estimate 4QFY10ii
revenue to grow by 6% YoY and profit to grow by 4% YoY.
Counting on China to support future growth
• The group’s’ organic expansion is now focused entirely on China. We
expect addition of 75 new OSIM stores and 85 new Richlife stores each
year in China over FY11-FY12.
• We expect number of GNC & Richlife stores to double from 217 in
Q3FY10 to 448 FY12ii. GNC & Richlife would contribute about 30% of
the total revenue in FY12ii from the current 25%.
• We estimate OSIM Ltd will report over 30% profit CAGR during FY10ii-
12ii with about 100bps expansion in net profit margins.
We have a BUY rating and target price of S$1.80
• We have a BUY rating on the stock and a price target of S$1.80, which
implies multiple of 21.3x FY11ii and 17.0x FY12ii earnings. We will
review our earnings estimate, rating and the price target after the
FY10 results, which would be declared on 26 January 2010.
Life Is Great
OSIM, "the STAR performer"
Moving up now @1.68 with more than 4 mil.done.
Catch it before you lose your breath.
Cheers.
personally i think OSIM is over bought and over priced. wait for a slight correction before entering again.
cheers
Hi
This is my personal view and it's ok that everyone has their own. There are thousands of ways to trade and invest.
This method works for me.
Bar by Bar Analysis on OSIM
Read further if you are interested to know my story behind OSIM. As I said, this is my personal way of story telling to children,
hopefully making something so difficult to understand, more logical and straightforward to understand now.
http://volume-price-spread-for-metastock.blogspot.com/2011/01/030111-bar-by-bar-analysis-on-osim.html
Cheers
u have a different view?
iPunter ( Date: 03-Jan-2011 21:58) Posted:
Chart interpretation is largely a subjective art...
Thus, it is not likely for two persons to
come out with the same conclusion...
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Chart interpretation is largely a subjective art...
Thus, it is not likely for two persons to
come out with the same conclusion...
ooo.. based on what i know from the chart..
ppl are distrubing this counter :(
not a good sign :(
iPunter ( Date: 03-Jan-2011 21:32) Posted:
It means striving to identify a potential trading opportunity, then betting on the outcome, and at the same time 'insuring' against huge loss.
rotijai ( Date: 03-Jan-2011 21:15) Posted:
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It means striving to identify a potential trading opportunity,
then betting on the outcome,
and at the same time 'insuring' against huge loss.
rotijai ( Date: 03-Jan-2011 21:15) Posted:
wat strategy ? @_@
iPunter ( Date: 03-Jan-2011 19:55) Posted:
| I don't mean that...think strategy ... |
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wat strategy ? @_@
iPunter ( Date: 03-Jan-2011 19:55) Posted:
I don't mean that...think strategy ...
rotijai ( Date: 03-Jan-2011 18:54) Posted:
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I don't mean that...think strategy ...
rotijai ( Date: 03-Jan-2011 18:54) Posted:
only 1 cent :(
iPunter ( Date: 03-Jan-2011 18:50) Posted:
Who says this counter is not moving?
Keep watching...
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