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Money Talk: OSIM, SIIC Environment

Published on Jul 9, 2014 1:12 PM
Advertising and promotion spending allows OSIM to sell massage chairs for a 70 per cent gross margin while maintaining topline growth of 7 per cent per annum. -- PHOTO: OSIM

SINGAPORE - Stay up to date on market chatter with our picks of the latest broker research reports, compiled by The Straits Times Money Desk.


Broker: CIMB

We initiate coverage on OSIM with an Add rating and a $4.60 target price. We view OSIM as a brand company, and a great proxy for the growing affluent consumer class in Asia.

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